Oh millennials. The generation everyone loves to hate. We're lazy. We're entitled. We use the word "like" too much.
But at 75.4 million strong, we're now the largest generation, according to Pew Research Center. That's more than Baby Boomers. We, the millennials, are work force to reckoned with.
But here's the good news for the millennial haters: We don't want to work for you anyway. Especially female millennials. Because we've got our sights set on something bigger and greater. A recent survey found that 83% of millennial women have the same dream job: to own their own business.
Instead of working for someone else's company, we'd rather work for ourselves.
What millennial women want
The 83% statistic comes from a survey conducted by Create & Cultivate, a career conference for women, and marketing agency Buzz MG. They spoke to 400 millennial women about what they seek in their careers. An overwhelming majority of the women surveyed were drawn to entrepreneurship.
Some other findings from the survey include:
- 62% of the women surveyed worked full-time
- 58% percent said entrepreneurship was the most interesting career path
- 55% side hustle while already employed
Even if they weren't ready to launch their businesses just yet, many women who participated were already hustling with side-gig work in addition to their full-time jobs. It wasn't clear what those side hustles were. Perhaps these women were working to build their dream businesses on the side. Or they could be working to make extra cash for that business. Most women said they would need at least $10,000 to grow or launch their business.
Getting priorities straight
So what's motivating all these millennials to become entrepreneurs? Are they too entitled to go into an office every day and report to a boss? Have they been brainwashed by watching so many entrepreneurs land big deals on Shark Tank?
I don't think so. I believe the answer can be found in yet another insight from this survey in regards to their values. The participants were asked to pick their top priority among these: family, career, self and friends. Can you guess which most of the 400 women chose?
It was family. That's right, this allegedly self-absorbed, narcissistic generation put family above self, career and friends.
Keep in mind most millennials aren't all that young. "Old" millennials are now in their mid-30s. They're growing up and having kids. Their parents are getting older, too. Of course family is a huge priority. The after-office happy hours and unlimited snacks are becoming less appealing. Instead, millennial women want flexibility. And too few employers make it possible to be equal parts mom, daughter and rockstar employee. Many want the rockstar employee without the mom and daughter part.
If your company doesn't offer employees flexibility so they can prioritize their families while having fulfilling careers, it makes perfect sense why millennial women are ready to jump ship. When employers aren't in the business of looking out for you, you've got to look out for yourself.
I'm a millennial woman who works for herself. Though I don't have kids and don't yet need to tend to aging parents, many of my peers do. A huge lure of entrepreneurship is defining your own schedule. You aren't judged by the number of hours your butt is in an office chair. The idyllic entrepreneurship model is not about when you work, but how hard.
Of course, there are plenty of cons to entrepreneurship, too. But for many millennial women, the promise of a more flexible schedule so they can still prioritize family is enough to give launching their own ventures a shot.