Ending Soon! Save 33% on All Access

The Entrepreneurial Spirit of Millennials Their Entrepreneurial Mindset is So Strong that they are Even Ready to Forsake their Stable Jobs to Opt for their Desired Startups

By Madhurima Roy

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Shutterstock

It's an age of startups, Gen Y or millennials, who are known to make headlines for several things like their lifestyle, trends, careers, handling finances and savings, are the ones also known to have nimble feet, reaching out for everything new. Another thing the millennials are also known for is their entrepreneurial practices. Every passing day number of young entrepreneurs are entering different sectors with their novel and exceptional ideas.

Never Settle

Hard-wired with innovative concepts in terms of business and technologies, the generation is risk-taking, adventurous and always ready to snatch opportunities. Their entrepreneurial mindset is so strong that they are even ready to forsake their regular, well-paid and stable jobs, and opt for their desired startups woven with the threads of their visions. Talking about millennials' inclination towards startups, Vivekananda Hallekere, a millennial himself, who has co-founded Bounce and currently operate as its CEO, says, "Millennials are a different breed of humans, who believe in knowing and exploring things on their own. They don't like to own things, be it a home or a car. Settling down is not much of an option for them which means they take and are more ready to fight risks. And this is helpful for the startup ecosystem."

Getting out of Comfort Zone

But what excites them to join startups forsaking their stable and secure jobs? There are a couple of facts to reason this. Individuals with the spirit of an entrepreneur can't just drop any opportunity where they can shape a business on their own with their sweat and blood. So, soon after saving an ample amount of money, millennials venture out on their own with the business they desire to run. Their "never settle' and risk-taking natures help them more. Also, startups have the essence of being one's own boss that is hard to ignore.

Millennials are always looking for something new and challenging. So, after a while of working and holding on to their jobs, they often gear up for the highly challenging venture – their dream startup.

The emergence of several innovative startups over the last few years shows how much innovative ideas the millennials have put forth across different sectors. This has not only helped the entrepreneurs and their companies to thrive, but also enhanced the buyers' consumption rate, giving them an array of options to pick the products of their choice. Nilesh Shah, the CEO of Envision Capital, sides the Gen Y as he explains, "It is almost impossible to imagine start-ups without millennials. To dream, aspire & execute, start-ups need talent which is enterprising & energetic and this is pretty much the DNA of millennials."

Like many, who had set out for their long yearned entrepreneurial journeys, Abhay Hanjura, the co-founder of Licious, embarked upon a journey of his own at the age of 28, when he had everything perfectly lined up career-wise. The lure of entrepreneurship came calling in. He states, "I knew I was ready to test my hypotheses. For me to take an entrepreneurial plunge when I was at the pinnacle of my corporate career was a big surprise for my family. The scepticism was magnified when we decided to pursue our entrepreneurial ambition in the meat sector."

Madhurima Roy

Senior Correspondent, Entrepreneur India

A journalist for more than 4 years, I have been covering businesses & start-ups, technology and business leaders. While writing is my only language, I also indulge in dancing, painting,.. and anything creative!
Leadership

How to Break Free From the Cycle of Overthinking and Master Your Mind

Discover the true cost of negative thought loops — and practical strategies for nipping rumination in the bud.

Side Hustle

These Brothers Had 'No Income' When They Started a 'Low-Risk, High-Reward' Side Hustle to Chase a Big Dream — Now They've Surpassed $50 Million in Revenue

Sam Lewkowict, co-founder and CEO of men's grooming brand Black Wolf Nation, knows what it takes to harness the power of side gig for success.

News and Trends

Gurugram-based Wealth Management Firm Finvolve Closes Maiden INR 100 Cr Fund, Launches Two New Funds

Finvolve also announced the launch of two new funds, pre-seed Accelerator Fund and Scale Fund, including a GIFT city, with an investment capacity of around INR 500 crore to widen its investment spectrum: Accelerator, Seed, and Scale.

Growth Strategies

AI Agents Startup Secures $4M to Revolutionize Customer Onboarding & Retention

Under the leadership of Gaurav Aggarwal and Anuja Verma, Truva AI has created an innovative solution for customer onboarding and retention, leveraging sophisticated AI agents.

News and Trends

Whats Fuelling Growth Of Indian Aviation's International Ambitions?

In April 2024, India's international airline capacity reached 7.3 million seats, an increase of 17 per cent from the 6.2 million seats scheduled in the same month in 2019. This change can be attributed to a noticeable shift in spending patterns that emerged after the pandemic, as evident in the increasing inclination of Indians towards international leisure travel

Business News

Google's New AI Search Results Are Already Hallucinating — Unless You Like Making Pizza Sauce With a Side of Glue

From pizza sauce recipes to fun facts, some AI search results need a fact-checker.