Question

Generational learning experts describe potential entrepreneurs in four categories, Millenials, Generation X, Baby Boomers and Silent Generation.
Please distinguish between these generations and state which one is currently more inclined to start a new venture

Answer 1

Difference between Millennials, Generation X, Baby Boomers and Silent Generation:

• Silent generation is the potential entrepreneurs group that born in the range 1928 to 1945, and they have a settled life. The financial assets of this category could be exhausted in their earlier life and less likely to start a new venture now. The energy level of silent generation will be low and they like to be hold with the current assets.
• Baby Boomers are considered after the silent generation they considered to be born between 1946 and 1964. There are gone through many up and down in the world economy and their new entrepreneurs potential could be exhausted like silent generation. The liabilities and asset deposits of them will be vast and they are unlikely to incline to start a new venture.
• The Generation X is following the baby boomers in generation chart. They are considered to be born between 1965 and 1980s, they are in a stage of transition from settling the liabilities and in a transition from an employee to a entrepreneurs. Also their potential will be high and asset level will be secure to start a new venture.
• The Millennial are age group they attain adulate at the beginning of the 21^st century, their population is large in the four and their ideas and knowledge are at high level. But their experience and unsettled education debits restrict them from start a new venture, with support from others they can but as it is they can’t.

Thus, the Generation X is more inclined to start a new venture