The million-dollar kids - Alex Cullen meets the youngsters with big dreams and even bigger success stories. Starting with nothing from as young as 8 years old, they’ve overcome massive hurdles to build their own businesses – and they’re booming! They have big dreams and even bigger success - find out how you can too.
Our latest infographic, “Meet the Millennipreneurs,” highlights that role in its many forms.According to a survey of millennials by EY and Economic Innovation Group, 78 percent consider entrepreneurs successful, and 62 percent have considered starting their own business. Fifty-five percent believe their generation is more entrepreneurial than past ones, although the data says otherwise: Millennials are actually less likely to be entrepreneurs than people in other age groups.
At age 30, millennials owned fewer businesses than Gen-Xers or Baby Boomers at the same age. According to census data from 2014, fewer than two percent of Millennials said they were self-employed, while 7.6 percent of Gen-X’ers surveyed and 8.3 percent of Baby Boomers reported the same status. Read more..
Ever heard the saying "Failing to plan is planning to fail?" That old but wise adage often rings true when it comes to social media marketing. Creating a detailed, goal-oriented social-media strategy is just as important as having a rock solid business plan.
"If your social-media plan is to just wing it, your fans and potential customers are going to know," says Amy Porterfield, social media strategist and co-author of Facebook Marketing All-In-One for Dummies (Wiley, 2013). Worse, it could turn them off of your brand and on to your competitors. Read more..
Moving from policy to practical solutions will help pave the way for more females to run their own businesses according to a 2015 study conducted by the Kaufman Foundation, women are half as likely as men to start a business.
This is true despite that fact that women make great entrepreneurs. If you're part of the Rich Woman community, you already knew this, but as confirmed by Kaufman:
The mission of EDAC is to connect budding & existing entrepreneurs to resources for venture management & growth.