SOWPub Small Business Forums  
 

Click Here to see the latest posts!

Ask any questions related to business / entrepreneurship / money-making / life
or share your success stories (and educational "failures")...

Sign up for the Hidden Business Ideas Letter Free edition, and receive a free report straight to your inbox: "Ordinary housewife makes $500,000+ a year in her spare time, using a simple idea, and her driveway!"

NO BLATANT ADS PLEASE
Also, please no insults or personal attacks.
Feel free to link to your web site though at the end of your posts.

Stay up to date! Get email notifications or
get "new thread" feeds here

 

Go Back   SOWPub Small Business Forums > Main Category > SOWPub Business Forum
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read

SOWPub Business Forum Seeds of Wisdom Forum

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #11  
Old August 28, 2019, 02:03 PM
Dien Rice Dien Rice is offline
Onwards and upwards!
 
Join Date: Aug 2006
Posts: 2,495
Default Are they drowning in too much debt?

Quote:
Originally Posted by GordonJ View Post
I have more interaction via email than I do at the forum. And I think today's visitors, or most recent "members" are NOT as Entrepreneurial as they were 20 years ago.

Just MY opinion, today, the younger people are either looking for something quick and easy and don't want to work or they are more technical.
Hi Gordon,

I agree with you - I think there's a big change in entrepreneurship over the last 20 years...

I don't know exactly why...

Some people have said that the younger generation - at least those that went to college - have so much college debt nowadays, that it kills entrepreneurship. They have to figure out how to pay those hefty interest rates on their college loans, so they need a solid, steady, low-risk income... Which usually means a job.

It's not enough now to get a business quickly to the stage where it's "ramen profitable" - which is where you're making enough money to be able to live off of instant ramen! Now, you have to be able to pay your big college debts too...



(Graph from https://www.nytimes.com/2018/07/11/y...t-parents.html )

But, maybe there's more to it than that, too...

My wife's sister is 12 years younger than her, and is in her late 20s. She has a therapy practice (she's a speech pathologist), but also this year started a pretty cool business selling potted plants, which are quite "artistically" presented (they look great)! She's in the "millennial" generation... She clearly has an entrepreneurial bent.

Maybe they're more into "side gigs" nowadays, rather than full time entrepreneurial ventures? The term "side hustle" is a recent one that's come into vogue...

Best wishes,

Dien
Reply With Quote
 


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Other recent posts on the forum...

ADD or ADHD?? Here is one technique. A.I. I. P.
11 year old post. Good time to think about it.
Saturday morn rant, rave and ramblings. GURUS. Wanna be one?
Excrement! So said Herschell Gordon Lewis to us a few years back.
NEW and different COPYWRITING course. Limited.

Seeds of Wisdom Publishing (front page) | Seeds of Wisdom Business forum | Seeds of Wisdom Original Business Forum (Archive) | Hidden Unusual Business Ideas Newsletter | The Great Ideas Letter on CD | Hotsheet Profits | The Art of Leverage | The Success Report | Persuade via Remote Influence | Writer's Friend (software) | Affia Band | The Entrepreneur's Hotsheet | The SeedZine (Entrepreneurial Ezine) | The Fly Low Collect Dough Update Hotline

Get the report on Harvey Brody's Answers to a Question-Oriented-Person


All times are GMT -4. The time now is 08:42 PM.


Powered by vBulletin Version 3.6.0
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.