Millennials are less entrepreneurial and fail more often
In the third article of its special report on ‘Understanding Entrepreneurs’, the FT draws from the Centre’s report on graduate entrepreneurship.
Plenty of millennials say they would like to be their own boss, but far fewer take the plunge. Although there is far more support available in the form of incubators and cultural acceptance — and recognition — of entrepreneurs: “there is still a gap between the ambition the [millennial] generation actually has and those that go on to start a business,” says Robert Osborne of the Centre for Entrepreneurs, a think-tank in London. “There is always going to be a sense of unease and uncertainty that comes with a lack of world experience.” On top of that, previous generations were not burdened with quite the same level of student debt, he points out.
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