Millennials get a bad reputation for everything they do. They get blamed for killing the mayonnaise industry, the diamond industry and even the divorce rate. Myths and stereotypes follow every generation, and none of them are immune from job-hopping myths.
Industry experts told Business News Daily that these “facts” about job-hopping aren’t at all what they seem. Here are few common ones and how to combat them.
Americans do not take mental health seriously enough. According to the NIMH, as many as 45% of mental health cases go untreated in this country, at a total potential cost of $147 billion per year.
These statistics are devastating and also not widely known — but they’re not terribly controversial. What is controversial — or at least uncomfortable — is the idea that millennials suffer from more mental health issues than any previous generation. This challenges some of the common assertions that millennials are entitled, lazy and lack a work ethic or respect for The Dollar.
Could it be that they’re simply more susceptible to a world in transition?
Posted in Tools and Information
Millennials have been the target of more scrutiny than any other generation. Why? Because as a generation, they are larger than the Baby Boomer generation that clocked in at 77 million. Baby Boomers were a significant force in terms of purchasing power, political direction and now retirement as they have moved through their lives. Millennials, sometimes called Echo Boomers, are expected to have an equal or greater influence on society.
Representing 25% of the population, and 80 million strong, Millennials are generally agreed to have been born between 1980 – 2000. You will also hear them referred to as Generation Y. The youngest Millennials are 18 years of age while the oldest will be 38 in 2018.
What has this intense scrutiny revealed about these consumers?
Posted in Uncategorized
Tagged business startups, Marketing to Millennials, millennials
The millennial generation is shaping the modern workforce—whether you like it or not. They’ve been blamed for a host of problems, such as being too entitled and obsessed with social media, and credited with several positives, such as appreciating creativity and having higher moral values. But of course, all of this depends on who you ask—some people claim these traits are inherent in the millennial generation, while others assert that they’re attributable to the coincidental youth of this particular generation or exist purely as anecdotal evidence.
Posted in New Business ideas
Tagged business, entrepreneurship, innovation, millennials, work
37% of Japanese millennials expect to work till they die
Millennials now the largest living generation. If you type “millennials are” into Google, the search engine will suggest you complete the thought with “lazy,” “stupid” or “entitled.”
It turns out that you can make a lot of money by giving stuff away for free. That’s the lesson from Credit Karma, which today is announcing that it’s running its business profitably after earning $500 million in revenues last year.
Credit Karma launched to help consumers better understand their finances and to provide access to better financial products. Its flagship product is a free credit report and credit monitoring service, which it launched five years ago. Since then, the company has signed up more than 70 million users, which includes about one half of all millennials in the U.S.
Posted in News and Views
Tagged Credit Karma, credit monitoring service, free credit report, millennials
Late in 2015, a new restaurant opened in Winter Park, Fla., a northern suburb of Orlando. It’s a big room with exposed ductwork, an open kitchen along one wall and a long bar skirting the other. The cooks there cut and smoke all the meats in house, and many of the ingredients are locally sourced. The patrons, not surprisingly, skew young, which also probably explains menu items like chicken waffles, Wonuts (a hybrid of waffles and donuts) and a pretzel braid appetizer that comes with a Samuel Adams cheese fondue. Out on the patio, you’ll find “Yappy Hour,” a happy hour with dogs invited, though you’ll probably have to wait for a table—weekends often see lines out the door.
Posted in News and Views
Tagged Casual-Dining Chains, Fast-Casual Restaurants, marketing, millennials
10. Plan for Daylight | Peter Mehit
I was flying from Philadelphia to Dallas. It was an early Thursday morning flight and almost empty. I got a complimentary bump to first class and sat at the front bulkhead, half awake with a pile of papers in the empty seat next to me. The cabin PA crackled to life.
“We got a problem,” the captain said in that droll voice that we all make fun of. Then the plane went into the steepest dive I’ve ever experienced. “Everything’s going to be okay,” he added, I think as an afterthought.
But things were pretty far from okay. Oxygen masks dropped from the ceiling and then floated in the air, weightless. My papers were floating off the seat cushion and in that moment, I noticed that I was weightless too. It only lasted for about five, maybe ten seconds and it would have been the coolest thing ever, if it weren’t totally terrifying.
Posted in Op-ED, Peter Mehit
Tagged entrepreneurship, millennials, old farts, Plan for Daylight
The ability to be truthful goes directly to the heart of whether you get funding, attract customers and recruit great employees. But that is just one part of it. The ability to be wrong can determine if you survive at all.
We’ve all had bosses, friends and relatives that just couldn’t admit they’d made a mistake. We know how we feel when we know the facts and someone tells us we’re wrong or don’t understand. The longer we are in that environment, the less we trust the person, the more we doubt reality, or both.
Make no mistake, we presently live in a say anything to win environment. Sometimes people are intentionally dishonest. These situations tend to be self-liquidating. Elizabeth Holmes of Theranos, who famously said that having a backup plan is admitting failure, is the latest example where outright deceit brought someone crashing down. While spectacular, these cases relatively rare.
Posted in Op-ED, Peter Mehit
Tagged be wrong, entrepreneurs, millennials, old farts, startup
How Two Millennials Spun Celebrities’ Instagram Comments Into a Full-Time Job and 800,000 Followers | Entrepreneur
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Posted in New Business ideas
Tagged celebrities, Instagram Comments, millennials