Baby boomers1 are micromanagers, work hard, do not understand technology, are stubborn and want to destroy the planet. Millennials2 are lazy, entitled, tech savvy, want to save the world and don’t know how to communicate in person.

  1. A person who was born between 1946 and 1964
  2. The generation born in the 1980s and 1990s, comprising primarily the children of the baby boomers.

Although the generalizations of baby boomers and millennials vary, they do share one similar characteristic, they both share particular entrepreneurial characteristics. Millennials crave freedom and earning potential. Baby boomers have a desire to build something.

Both of these generations are finding jobs are hard to come by, and are putting their hopes in entrepreneurship as an alternative. Millennials are the most educated generation in history and the least employed. When the economic crisis hit, millennials struggled to find jobs, resulting in an average student debt of $29,400 (CNN Money). With nothing to do and nowhere to turn, many went on to further their education and some took a different route and decided to start their own businesses. The Kauffman Foundation conducted a survey in 2011 that found that 27 percent of millennials are self-employed, 72 percent want to quit their jobs, and 35 percent have started a business on the side. Baby boomers are reacting similarly by shunning their retirement for several reasons: they do not feel comfortable with their retirement sum, they want to start something of their own or they need additional income.