5 reasons why millennials are suited to startup businesses

Why millennials are suited for startup businesses

The startup culture is currently booming in Australia. And did you know that 1 in 5 small business owners in Australia is a millennial?

Here are 5 good reasons why millennials are suited to startup businesses.

Innovative Ideas

1. Startup businesses need innovative ideas to succeed

Millennials tend to think outside the box because they’ve been raised in a technological environment that’s constantly changing.

Digital Natives

2. Millennials are digital natives

They’ve grown up with technology. They aren’t intimidated by it all and they’re quick to apply it to improve their lives. Most millennials are also used to buying and selling online.

Social Media

3. Millennials use social media more effectively than any other age group

That means they can usually get their small business ideas to circulate quickly to build a customer base.

Dream Big

4. Millennials dream big and they don’t fear failure

That’s one of the benefits of being young. But if you’re a millennial and you’re thinking starting your own small business, make sure you read our top 4 startup tips before you take the plunge.

Embrace Culture

5. Millennials tend to embrace the startup culture

Innovative startups challenge the traditional ways of doing things and they create their own business culture. This approach sits perfectly with the personalities of many entrepreneurial millennials.

We CAN help!!

How we can help

If you do decide to start your business, we can help you to set up a Xero online bookkeeping system to help you to keep on top of your finances. We’re a Xero-certified advisor.

We can also help you with any bookkeeping support services that you may need, no matter what type of business you have. We currently have clients in a diverse range of industries in South Australia, Victoria and New South Wales.

Contact us at Scorpion Bookkeeping today to find out how we can help your business!