Nobody can deny the cool factor of launching a new project—be it a startup, new ministry or creative project. But cool doesn’t necessarily mean doable. The fact is, only about 50 percent of new businesses make it past their first five years—and the percentages get worse after that. If you’re one of those people who feels God calling you to change the world (and if you’re reading this magazine, you probably are), one of the smartest things you can do is learn from the wisdom of those a little further down the road. Read More
At this point, millennials’ love affair with entrepreneurship is common knowledge. Roughly two-thirds aspire to it, and about 18 percent actually do it. Many people are now referring to it as the “new American Dream.”
Business is good, too. This year, nearly two-thirds (62 percent) of millennial-owned businesses reported increased sales, according to the most recent Spark Business Barometer survey. Comparatively, 41 percent of small business owners overall had increased sales.
But for this generation, it’s about more than a house, two kids and a dog. Read More