We’ve heard that Gen Y, born between 1982 and 1993, is the most entrepreneurial generation, but the next generation is even more ambitious than them.
Let me introduce you to Gen Z, those born between 1994 and 2010 — a group that’s comprised of high school students and younger, and is poised to become the most entrepreneurial generation we’ve ever seen.
Also considered “The internet generation”, this is by far the most tech savvy, connected and self-educated group. While Gen Y is known for “side gigs” and having multiple careers, Gen Z is more focused on working for themselves.
In our research, we discovered that 72 percent of high school students and 64 percent of college students want to start a business someday.
Here are some of the reasons why Gen Z looks like it might be more entrepreneurial than Gen Y:
1. They have access to resources that Gen Y didn’t at that age.
Gen Z is fortunate to have websites where they can teach themselves new skills that allow them to become better entrepreneurs.
2. They have access to programs that Gen Y didn’t.
One example is The Network for Teaching Entrepreneurship (NFTE), which brings its entrepreneurial training to high school students, especially those from low-income communities.
3. They have parents who are putting more pressure on them.
In our study, we found that 55 percent of high school students say that their parents are putting pressure on them to gain professional experience during high school.
4. They can get mentors before Gen Y ever could.
Gen Z has access to a wide variety of mentors in their field, many of which would love to connect with entrepreneurial-minded high school students.
5. Colleges and companies are engaging high school students now.
At UC Berkeley in California, there’s a program called The Center for Young Entrepreneurs at Haas, which is the only year-round program provided by a university that incorporates mentoring, education, coaching and support.
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