Entrepreneurs themselves will also be influenced by millennial effects. Teenagers, Gen Xers and retirees will make up a disproportionate share of business founders between now and 2005, predicts Challenger.
Most observers expect owning your own business to be as big a theme in the 21st century as it has been in the 20th. "The 1990s have been very favorable to small businesses, and nobody expected that," says Hendricks. "And I think it's going to continue. There's probably never been a better time to be in business for yourself."
This article was originally published in the November 1999 print edition of Entrepreneur with the headline: Workplace 2005.
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