Every year, around the planet, over 100 million new businesses start trading for the very first time. That’s around 11,000 every hour.
It’s been said we live in the era of the 'Millennipreneurs'. As financial services company BNP Paribas puts it, "Under 35s are creating more companies, with higher headcount and greater profit ambitions than any previous generation …"
Today’s new businesses aren’t necessarily like the ‘Student Start-ups’ of Mark Zuckerberg or Bill Gates that we’ve seen before. In fact, in the US today, startup entrepreneurs are more likely to be in their mid 30s, juggling career, family and mortgage.
In Latin America, Chile, Columbia and Peru are providing a winning combination of stable economy and governmental financial support to entrepreneurs to deliver greater national growth.
Across the Pacific, China’s new generation of business starters born in the 90s are shunning the constraints of their parents and learning to embrace the entrepreneurial spirit of trial and error.