Small Business Week 2021: Millennials and Gen Z Twice as as Likely to Launch a Side Business

Whether or not you're an entrepreneur, small business week (September 13-17) is a special time because it's a chance to learn about ways that you can improve your understanding of business, finance, and entrepreneurship.?

If you're LGBTQ+, this week is even more special time because entrepreneurship provides a rare opportunity to live, earn, and control your professional life on your terms—without judgement or constraint.

Small Business and Entrepreneurship in 2021

Did you know that the U.S. currently has over?30 million small businesses? Worldwide,?there are an estimated?582 million?entrepreneurs, although that figure varies depending on how you define the term.?

If that's not enough, Millennials and Gen Zers are nearly twice as as likely to plunge into creating a side business.?

Common motivations for starting a new business include wanting to:?

• Be your own boss (an estimated 55% of business owners)
• Pursue your own passion?
• Have uncapped earning potential
• Control your own time and location

Intriguingly, nearly half (46%) of small business entrepreneurs are between the ages of 41 and 56.?

The most likely reason for this age breakdown??It takes time to become an expert in your field and step into leadership.?

Plus, while only 61% of the world is currently connected via the internet, this is rapidly changing—with more than a quarter of a billion new users coming online each year and connecting via the internet and blockchain technology.

This means that even if you're not an entrepreneur yet,?you may be in the future—or you may want to?collaborate, partner, or work for one.

To celebrate small business week, here are a few steps you can take:?

• Learn tactics for?increasing your income?here
• Get educated about?investment types and tactics?here
• Learn?real estate investing strategies?here?
• Or, explore a broad range of?financial topics?here?

Of course, if you're feeling social, forward this article to an entrepreneurial-minded friend. After all, business (done right) is collaborative endeavor.

About Cade

Cade Hildreth is an LGBTQ+ entrepreneur, real estate investor, and former USA Rugby Player. Cade has founded 7-figure businesses, scaled websites to millions of views, acquired a portfolio of income-producing residential and commercial real estate assets, and played rugby worldwide.

Often compared to Tim Ferriss and Ramit Sethi, Cade teaches millions to expand financially, while living an authentic and adventurous life.