DMS: The Young Millionaires

They’re seemingly everywhere: coffee shops, street corners, one might even live in the apartment next to you.

I’m talking about the young millionaires, a new group of entrepreneurial millennials who aren’t satisfied to just sit on their laurels. They are taking industries by storm, finding small ways to revitalize everything from sales to hospitality.

You can’t pick up a copy of Entrepreneur or buzz through an article in TechCrunch without encountering one or two of these kids who are rapidly becoming a much needed industry infusion.

This group is smart. They all share some of the same characteristics: they are educated, they are world-minded, and they are dissatisfied.

Most millennials are actively looking for jobs, but when they eventually find something it just doesn’t cut it. They’re left in a sordid position of stagnation, asking:

  • Is this all there is?
  • Am I settling for less?
  • Is this what I really want to do with my life?

That attitude practically breeds entrepreneurship, and that’s why so many millennials are trying it. Attitudes are shifting from the previous 1) get a job, 2) work hard, and 3) retire in 40 years motif, to a more hands on, do-it-yourself mantra.

Mehdi Farsi, Reza Farsi and Eric Ferguson are a great example from this article from USA Today. These three Arizona state grads didn’t shop for a job, instead opting to create their own.

“It looks bleak for a lot of people out there. Jobs are hard to come by,” said Farsi in the article. But “there is another way to make it right now. You take matters into your own hands.”

And that, my friends, is the prevailing attitude of the 21st century young entrepreneur.

(image taken from USA Today article “Millennial entrepreneurs bypass the unemployment line, posted 11/30/2011 by Ellen Lee)

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