Conducted among 2,600 entrepreneurs based in 18 countries, in Asia, Europe, and the United States, the study led by Scorpio Partnership reveals the emergence of a new generation of entrepreneurs under 35, “The Millennipreneurs”.
From Generation Y, born between 1980 and 1995, they stand out by creating an increased number of companies, both in the new economy and traditional sectors.They average launched about 8 companies, against 3.5 for their elders, and have a turnover of more than 43% that of the baby boomer generation. Among them, women are more successful than men. Providing a profit margin of 35%, they are most active in Poland, Spain and China, in sectors such as trade, professional services and fashion.
This study indicates that the most attractive regions are the United States, China and Germany, entrepreneurs based in China, India and Turkey, achieving a better year.
It appears that investment volumes increased by 12% throughout the last 12 months, with a significant increase in investments abroad. Similarly, portfolio diversification stands out as a major trend for these entrepreneurs, although respondents allocate 20% of their investments in their own business and 17% in real estate.