A recent survey by Santander UK has found that a significant proportion of Generation Z is shifting away from traditional long-term employment with established businesses, instead opting for entrepreneurial pursuits. The poll revealed that 77 percent of Gen Z respondents prioritize entrepreneurship and aim to ‘be their own boss,’ according to a report by Moneycontrol. This shift signifies a redefinition of job structures among younger generations, with a marked preference for starting and running their own businesses rather than adhering to conventional 9-5 jobs.
The survey, which assessed the professional aspirations of young people, highlighted that 39 percent of confident Gen Z entrepreneurs believe they can manage their business solely via their smartphones. This underscores the reliance of this generation on digital technology and platforms. Mike Regnier, CEO of Santander UK, commented on the crucial role digital skills play in the young generation’s entrepreneurial ambitions.
Gen Z embraces entrepreneurship
However, he emphasized that the fundamental principles for success in entrepreneurship, such as passion, curiosity, and the desire to create something meaningful, are not limited to any age group. “Entrepreneurship is driven by passion, curiosity, and the desire to create something meaningful.
Some develop these attributes early on, while others may discover a business drive later in life,” he remarked. Notably, the study highlighted that while Gen Z is emerging as the most entrepreneurial generation, age should not be seen as an obstacle to success. The current surge in entrepreneurship across all age groups suggests a broader evolution in career aspirations, largely influenced by the development and boom of digital technology, which has facilitated the rise of future business leaders.
This trend represents a significant change in professional ambitions, driven by the transformative impact of digital advancements, making entrepreneurship a more accessible and appealing option for the younger generation.
- CNBC.”Most Gen Z Brits want to ‘be their own boss’ — but one expert says they’ll face a reality check”.
- News18.”Gen Z vs Millennials: Why The New Generation Is Winning The Entrepreneurial Race”.
- ABPLive.”Gen Z Want To Be Their Own Boss And Become Entrepreneurs, Says Study”.