The modern day entrepreneur is very different from what the older entrepreneur resembled. In the past, being an entrepreneur meant you would work to become a boss of your own, for this reason, no one would dispute what an entrepreneur decided to in their business premises. As opposed to what the modern entrepreneur believes, the modern entrepreneur wants to solve issues to give them to the community so that they have a name to protect. This is the reason why the millennials want to achieve the most sophisticated capability as a way that does not anticipate credibility.
For those who are not in the millennial arena, they will not accept to be treated without respect, says Todd Lubar. All they need is to gain respect for what they do rather than the financial implication associated with their finances. According to a recent statistics that involved older respondents as well as the younger ones, it revealed to the world that 64 percent of all entrepreneurs who are more than 50 years old are motivated by the fact that they are their bosses in the industry. On the contrary, only 49 percent had this reasoning. This means that the millennials have many other considerations that are not obligated to the aspect of finance when they commence an enterprise, they always want to solve the problems that affect most people.
These two groups are different in several significant ways, explains Patreon. For instance, 44 percent of the people who are in their 50s want to do better for themselves; this means that they are more egocentric as opposed to their counterpart millennials who found themselves to be entrepreneurs for a good reason. Only 10 percent of the older generation want to benefit other people as a result of their innovation and inventions into the world of entrepreneurship. 29 percent of the millennials have the desire to make money as well as help others realize a real dream into the future. According to crunchbase.com, the trends described in the statements above describe the true nature of an entrepreneur. Both entrepreneurs believe that there are certain traits a professional entrepreneur needs to possess for them to gain massive adoption in the industry.