New data from Xero reveals under-35s start businesses early in life, balancing business growth and lifestyle. Despite stereotypes of laziness and entitlement, millennials are entrepreneurial and ambitious — and they’re running the UK small business economy. New research by Xero, the global small business platform, has revealed that 38% of UK small business owners are under 35 and nearly half (44%) of all accounting and bookkeeping services provided to the small business market last year were provided to this age group. The research, of more than 1,500 small businesses across the United Kingdom, found millennial business owners founded their small businesses at age 22 on average, far younger than the 35 years of Generation X. To find out more about the research and view the report, visit https://www.xero.com/uk/campaigns/young-entrepreneurs-report/.
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Despite stereotypes of laziness and entitlement, the research found that millennial business owners founded their small businesses at age 22 on average, far younger than the 35 years of Generation X.1 of 2 -
Millennials enjoy running their business but have different ideas about what defines success.2 of 2
