LaQuita Marsh

Young Successful Entrepreneurs : 

Young Successful Entrepreneurs

Introduction : 

Introduction Many people wonder why young adults are becoming more successful in the business industry. Their familiarity with technology, understanding of their peers wants and needs, risk enthusiast, and their distinctive quality the key to their success.

Familiarity with Technology : 

Familiarity with Technology Generation Y was born with technology all around them. From internet to gadgets and multimedia, they have valued these technologies helping to promote their businesses. The older entrepreneurs did not have these technologies growing up therefore it became a challenge to adapt to there surroundings.

Understanding Peers wants and needs : 

Understanding Peers wants and needs Five ways to satisfy a consumer need is to develop a new product or service, uncover new resources or technologies in new ways, apply existing resources and technologies in new ways, find new markets for an existing product or service, and improve existing business. Three out of these five ways generation Y has already accomplished just but understanding the technology

Risk Enthusiast : 

Risk Enthusiast Risk taker is someone who risks loss or injury in hope of a gain or excitement. Many young entrepreneurs love to take risk and see it as a opportunity to learn and experience the market world. They also are fearless when it comes to taking risk which is why they are so successful

Survey : 

Survey Among the areas where Gen Y entrepreneurs are pointedly more optimistic are: Their likeliness to hire new employees (36 percent, versus 25 percent of Gen X and 20 percent of Boomers); their willingness to take financial risks (67 percent, versus 52 percent of Gen X and 47 percent of Boomers); and the fact that they are less "stressed about" the economic crisis (57 percent, versus 72 percent of Gen X and 71 percent of Boomers).

Distinctive Quality : 

Distinctive Quality The blend of social and commercial objective is what the young entrepreneurs hold. They are able to interact with society since majority of them they can relate to. They are also able to give the world what they need and solving issues that are increasing and maximizing profits.

Conclusion : 

Conclusion All of these attributes that were explained have molded generation Y into what they are today They are very successful because information technology is growing everyday and Young entrepreneurs are able to understand it. They are definitely a threat to older entrepreneurs which is why society sees generation Y thriving in the business world.