The entrepreneurial generations

Dreamt about starting up your own business? Well, the Millennials and Gen Zs are, and they’re saving up to do just that.

We’re calling them the entrepreneurial generations.

There’s something romantic about the notion of starting your own business, opening a hole-in-the-wall cafe or little alleyway bar, growing a loyal band of merry locals.

However, as any small business owner will attest, the realities of running a business are very, very different.

That won’t stop our next gen, though!

According to a ME Bank survey of young Australians with no children, 18% stated their current financial goal was “investing in their own business”.

That’s up from just 4% six months prior.

Compared to some of the other 15 options they could choose from – the top response was “paying off a mortgage” at 34%, while 19% of respondents were aiming to “save enough to buy a property to live in”.

Say one thing about the next-gen, and that is, they’re an entrepreneurial bunch who won’t let something like a once-in-a-century-pandemic get in the way of their business aspirations.