{"id":2979,"date":"2018-01-11T14:00:24","date_gmt":"2018-01-11T14:00:24","guid":{"rendered":"https:\/\/www.comparably.com\/blog\/?p=2979"},"modified":"2018-01-04T20:21:33","modified_gmt":"2018-01-04T20:21:33","slug":"35-of-millennials-say-they-plan-to-start-a-business-in-the-next-5-years","status":"publish","type":"post","link":"https:\/\/www.comparably.com\/blog\/35-of-millennials-say-they-plan-to-start-a-business-in-the-next-5-years\/","title":{"rendered":"35% of Millennials Say They Plan to Start a Business in the Next 5 Years"},"content":{"rendered":"<p>Thirty-five percent\u00a0millennials aged 18 to 35 say they plan to start their own company in the next five years, according to the latest reading of an <a href=\"https:\/\/www.comparably.com\/culture\/tech\/all-departments\/130-do-you-plan-to-start-your-own-company-in-the-next-5-years\">ongoing query<\/a> by <a href=\"https:\/\/www.comparably.com\/\">Comparably<\/a>. While most of them won&#8217;t actually do so (young people aged 20-34 have been shown to have the lowest rates of starting new businesses, according to the\u00a0Kauffman Index), the data suggests employers could benefit by creating more intrapreneurial opportunities for employees.<\/p>\n<p><b>Smitten with entrepreneurship<\/b><\/p>\n<p>People aged 26 to 30 showed the most desire to start a business (37%). The desire to start a new business dropped off after age 35, falling to a low of 16% among\u00a056 to 60 year olds.<\/p>\n<p><img loading=\"lazy\" class=\"size-full wp-image-2981 aligncenter\" src=\"https:\/\/cdn.comparably.com\/00000000\/b\/2018\/01\/dfd-1.jpg\" alt=\"dfd\" width=\"421\" height=\"117\" srcset=\"https:\/\/cdn.comparably.com\/00000000\/b\/2018\/01\/dfd-1-300x83.jpg 300w, https:\/\/cdn.comparably.com\/00000000\/b\/2018\/01\/dfd-1.jpg 421w\" sizes=\"(max-width: 421px) 85vw, 421px\" \/><\/p>\n<p><strong>Men vs. women<\/strong><\/p>\n<p>Men were more likely than women to want to start a business in\u00a0 the next five years (37% vs. 27% of women).<\/p>\n<p><b><img loading=\"lazy\" class=\"size-full wp-image-2983 aligncenter\" src=\"https:\/\/cdn.comparably.com\/00000000\/b\/2018\/01\/37.jpg\" alt=\"37\" width=\"484\" height=\"53\" srcset=\"https:\/\/cdn.comparably.com\/00000000\/b\/2018\/01\/37-300x33.jpg 300w, https:\/\/cdn.comparably.com\/00000000\/b\/2018\/01\/37.jpg 484w\" sizes=\"(max-width: 484px) 85vw, 484px\" \/><\/b><\/p>\n<p><strong>Most entrepreneurial cities<\/strong><\/p>\n<p>People in Los Angeles, New York, San Francisco, and Atlanta showed the highest rates of wanting to start a new business in the next five years (35% or more). People in Minneapolis (22%) and D.C. (26%) had the lowest rates.<\/p>\n<p><a href=\"https:\/\/www.comparably.com\/culture\/all\/all-departments\/130-do-you-plan-to-start-your-own-company-in-the-next-5-years\" rel=\"attachment wp-att-2985\"><img loading=\"lazy\" class=\"size-full wp-image-2985 aligncenter\" src=\"https:\/\/cdn.comparably.com\/00000000\/b\/2018\/01\/cities.jpg\" alt=\"cities\" width=\"500\" height=\"251\" srcset=\"https:\/\/cdn.comparably.com\/00000000\/b\/2018\/01\/cities-300x151.jpg 300w, https:\/\/cdn.comparably.com\/00000000\/b\/2018\/01\/cities.jpg 500w\" sizes=\"(max-width: 500px) 85vw, 500px\" \/><\/a><\/p>\n<p>The latest reading is as of Jan. 11. More than 10,000 people responded to the study, predominantly from the tech sector.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thirty-five percent\u00a0millennials aged 18 to 35 say they plan to start their own company in the next five years, according to the latest reading of an ongoing query by Comparably. While most of them won&#8217;t actually do so (young people aged 20-34 have been shown to have the lowest rates of starting new businesses, according &hellip; <a href=\"https:\/\/www.comparably.com\/blog\/35-of-millennials-say-they-plan-to-start-a-business-in-the-next-5-years\/\" class=\"more-link\">Read full-story <i class=\"cm cm-right-chevron\"><\/i><\/a><\/p>\n","protected":false},"author":9,"featured_media":2987,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[65,6],"tags":[50],"_links":{"self":[{"href":"https:\/\/www.comparably.com\/blog\/wp-json\/wp\/v2\/posts\/2979"}],"collection":[{"href":"https:\/\/www.comparably.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.comparably.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.comparably.com\/blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.comparably.com\/blog\/wp-json\/wp\/v2\/comments?post=2979"}],"version-history":[{"count":3,"href":"https:\/\/www.comparably.com\/blog\/wp-json\/wp\/v2\/posts\/2979\/revisions"}],"predecessor-version":[{"id":2986,"href":"https:\/\/www.comparably.com\/blog\/wp-json\/wp\/v2\/posts\/2979\/revisions\/2986"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.comparably.com\/blog\/wp-json\/wp\/v2\/media\/2987"}],"wp:attachment":[{"href":"https:\/\/www.comparably.com\/blog\/wp-json\/wp\/v2\/media?parent=2979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.comparably.com\/blog\/wp-json\/wp\/v2\/categories?post=2979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.comparably.com\/blog\/wp-json\/wp\/v2\/tags?post=2979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}