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Are baby boomers more entrepreneurial than Gen Y?

By | March 16, 2013, 2:36 PM PDT

Are Gen-Y really more entrepreneurial than their predecessors?

We might often believe that the next generation are more tech-savvy than baby boomers, and as the job market remains fragile, more and more young people entering the workforce look towards being their own boss. But is this entrepreneurialism a generational trait, and do workers in different generations believe they are more entrepreneurial than other age groups?

A new study released by Millennial Branding and Monster.com found that 41 percent of Gen X employees — those between 30-49 years of age — and 45 percent of baby boomers — aged between 50-69 years — consider themselves more entrepreneurial than older generations, in comparison to only 32 percent of Gen-Y, those aged between 18 and 29.

“The internet has created unique entrepreneurial opportunities, not just for Millennials but for all generations of workers,” said Dan Schawbel, Founder of Millennial Branding. “We don’t see the same barriers to entry to starting a new business as we saw 10 years ago. Everyone has the technology to connect and now all you need is an innovative idea and a website to create a startup.”

See also: Ten tech skills you must have for a $100k salary

The need for businesses to be competitive in today’s marketplace seems to have not only encouraged the growth of startups — often helped along by crowdfunding sites like Kickstarter — but means that some corporations are comfortable and supportive of entrepreneurial employees. Nearly a third of respondents felt they had the creative license, flexibility and resources to be an intraprenuer, and while 42 percent of those surveyed said they could work on projects outside of their usual working scope, only 23 percent felt encouraged, something that businesses may want to consider when encouraging creative talent.

But what about risk? Interestingly, Gen-Y is considered less “risk adverse” than older counterparts, with 28 percent identifying with being high risk in comparison to 40 percent of Gen X and 43 percent of Boomers who felt the same way, perhaps as job-hopping is far more commonplace than in years past.

Interested? View the infographic below:

Image credit: Faramarz Hashemi

Related:

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Charlie Osborne

About Charlie Osborne

Charlie Osborne is a contributing editor for SmartPlanet.

Charlie Osborne

Charlie Osborne

Contributing Editor

Charlie Osborne is a freelance journalist and graphic designer based in London. In addition to SmartPlanet, she also writes the iGeneration column for business technology website ZDNet. She holds degrees in medical anthropology from the University of Kent.

Follow her on Twitter.

Charlie Osborne

Charlie Osborne

Charlie Osborne does not have financial holdings that would influence how or what she covers.

She writes for SmartPlanet and is not an employee of CBS.

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Survey Data Seems Fishy
While this is an incredibly interesting topic, the survey data displayed in the infographic just seem wrong.

54% of people surveyed are looking for work? Was this meant to be a survey of mostly unemployed people?

38% of surveyed Millenials are managers, more than either Gen X or Baby Boomers? And they feel they have more freedom and resources to be an intrapreneur than Gen X or Baby Boomers? Why are so many Millienials in such managerial positions with resources and freedom while older generations are not? Is this an issue of perception (Millenials are more optimistic and hyperbolic about their position) or of a realistic trend in the workforce?
Posted by ScottKolo
18th Mar
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