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Surge of under-40s launching businesses

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A growing number of individuals under the age of 40 are diving headfirst into the world of entrepreneurship.

This phenomenon is catching the attention of economists, sociologists, and business experts alike. But what’s driving this surge in young entrepreneurs, and what does it mean for the future of business?

One key factor behind this trend is the accessibility of technology and the rise of the digital age. With the internet providing a wealth of information and resources at their fingertips, millennials and Gen Zers are empowered to turn their innovative ideas into tangible businesses more easily than ever before.

From e-commerce ventures to tech startups, the barriers to entry have significantly lowered.

Additionally, the COVID-19 pandemic has played a role in pushing young entrepreneurs towards self-employment.

As traditional job markets faced uncertainty and layoffs, many individuals sought to take control of their financial futures by starting their own ventures. The flexibility of remote work and the ability to pivot quickly in response to changing circumstances have further fueled this entrepreneurial spirit.

But beyond economic factors, there’s also a generational shift in mindset at play.

Younger generations prioritize work-life balance, personal fulfillment, and social impact, which can be more readily achieved through entrepreneurship. They’re driven by a desire to make a difference and are willing to take calculated risks to do so.

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Franchising vs. Independent: key differences to choosing the right SMB model

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With latest Australian Federal budget, many SMB’s are weighing their options when selecting a suitable business model.

Franchising provides brand recognition, operational support, and economies of scale but involves ongoing fees.

Independent businesses offer full control and profit retention but face higher costs and regulatory challenges.

For risk and reward, the franchising model reduces risk through established practices and support but involves ongoing fees and profit-sharing with the franchisor.

On the alternative, independent businesses retain full control of profits but face higher risks and responsibilities in managing the business.

Sonia Shwabsky, CEO at Kwik Kopy Australia, joins to share her key insights on SMB’s. #featured

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Biden fails to mitigate growing campaign concerns after public news conference

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President Biden does little quell election campaign concerns after he mixes up Vice President Kamala Harris, and his Republican rival Donald Trump in a high stakes news public conference

This latest error has intensified concerns about Biden’s fitness for office, with critics questioning his mental acuity and ability to lead effectively.

Supporters argue that occasional slip-ups are natural but insist that Biden remains the strongest candidate against Trump. #featured #trending #ticker news

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Comedy creator reveals the secrets behind her social media success and future ventures

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A look behind the curtain with one of Australia’s most exciting multitalented creators.

The Creator Economy is a behind the scenes look at the world content creation and the power of influencer marketing. Joined by a diverse range of viral guests, each episode explores the journey’s of inspiring personalities engaging millions across the globe and what it takes to captivate your audience.

Hosted by Natalie Giddings, CEO at Hoozu.

In this episode, Natalie is joined by comedian, writer and content creator, Samantha Andrew. #creator economy

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