49% of Millennials plan to start their own company within 3 years 2025

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While Millennials use the gig economy to test the waters of entrepreneurship through side hustles, Gen Zers are a little more willing to take bigger riskslike completely replacing a full-time job with freelancing or content creationespecially with how much more accessible it has become.
Small Business Ownership Statistics: Key Numbers 47.2% of small business owners are Gen X, 39.6% are baby boomers, and 12.9% are millennials. There are approximately 13.94 million businesses owned by women in 2023.
Research from the U.S. Council of Economic Advisers reports that 50 percent of millennials want to start their own business, holding the power to create new industries and commerce.
Millennials value interesting work and a good worklife balance. They do not believe that excessive work demands are worth sacrifices in their personal lives. Millennials want flexibility in their working hours and are willing to give up pay increases and promotions for a flexible working schedule.
The Millennipreneurs are the generation of entrepreneurs currently under 35 years old, born between 1980 and 1995. In our view, these individuals represent a new type of business leader. They have drawn upon the influence of older generations, especially their parents.
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As Gen Z enters the workforce, research is finding they have an extremely strong interest in pursuing entrepreneurship compared to previous generations. A 2023 Samsung and Morning Consult survey of U.S. students ages 16 to 25 revealed that 50% of respondents wished to start a business.

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