The Millennial Generation

The millennial, also known as Generation Y, are the demographic cohort following Generation X and preceding Generation Z. Anyone born between 1981 and 1996 is considered a Millennial: the name given to the current generation of young people aged between 24 and 38.

It seems the millennial generation are attracted to starting their own businesses.

It's not just about earning more money, but also about passion and doing good.

The millennial generation are dissatisfied with the old ways of doing things. They are trying to make the world a better place.

Some of the millennial generation are not happy with the old ways of doing things. For example, they are dissatisfied with how big business uses date from social media and the negative impact of companies on society and the environment.

The millennial generation feel alienated from the term so they call it the Millennial burnout!

They feel alienated from the term because they don't recognize their own work, experience, and work ethics in that description of people who are lazy or entitled.

The millennial generation don't feel that they are self-centered, after all.

Millennials have been reluctant to buy items such as cars, music, and luxury goods. Instead, they are turning to a new set of services that provide access to products without the burdens of ownership, giving rise to what's being called a "sharing economy."

Indeed, the millennials are so attracted to starting their on businesses.

They are all these platforms that let millennials build entrepreneural venture much more easily. Millennial entrepreneurs want to start their own business especially after seeing a new opportunity. 

The growth of things like crowdfunding have helped make entrepreneurship more accessible. 

Crowdfunding is a way for people, businesses and charities to raise money. It works through individuals or organisations who invest in or donate to crowdfunding projects in return for a potential profit or reward; getting the funding for a new business by asking a large number of people to give small amounts of money, usually via the internet.

The growth of things like crowfunding has led to tons of new start-ups. Start-ups are newly formed businesses intended to grow rapidly by providing for a particular market gap.

For many millennials, creating a start-up is not just about making money but also about being socially responsible and doing good.

Charles Kenny, former World Bank economist, cautions against overemphasising individual business over governments. If young people want to make the world a better place, they need to fight corruption. In order to fight corruption, they need to work in government places.

The more we have young, committed people who want to make the world a better place working in government, the more likely government is to start delivering the kind of services we need in order to ensure a high quality of life in the country.

Governments can act morally wrong or illegal ways, often in return for money or power.

Therefore, the millennials can push development in their countries by fighting corruption. It has to be a collective effort.

The passion and talent that millennials put into starting their own business could instead be used to improve governments through a group of people acting together to achieve a common goal: to fight corruption through collective effort.

If the millennials work together, they can raise people's level of satisfaction and comfort. They can raise people's quality of life.

This is something that Muhammad Yunus was doing. His micro finance initiative reached out to people shunned by conventional banking systems-people so poor they have no collateral to guarantee a loan, should they be unable to repay it. His revolutionary microcredit system is estimated to have extended credit to more than seven million pf the world's poor, most of them in Bangladesh, one of the poorest nations in the world.

Millennials start-ups can help solve many of the developing world's problems, instead of governments which may be corrupt.

Millennials, men and women, want to improve the quality of life through a collective effort.

Indeed if they work together, they will make the world a better place.