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Defining entrepreneurship

What, exactly, is an entrepreneur? Survey respondents had a variety of definitions: Someone who has drive and determination to put their business ideas into action. Someone willing to lay it all on the line for their dream. But mostly, it's someone who owns a business, has a side hustle or wants those things in the future.

Cautious optimism prevails

The survey also examined global attitudes toward entrepreneurship, revealing some surprising results.

Younger generations are more positive: 69% of Gen Z and 63% of millennials surveyed were optimistic about entrepreneurial endeavors, whether for themselves or in general.

That69制片厂制作传媒檚 compared to 50% of Gen X respondents and only 35% of baby boomers who reported being confident.

But this optimism doesn69制片厂制作传媒檛 mean people aren69制片厂制作传媒檛 worried about the current state of the economy. In fact, 59% of respondents are currently worried, and that was consistent across generations. And for those not interested in starting a small business or side hustle this year, concerns about the state of the economy were cited as the top reason why.

Side hustles and small businesses are common

That said, despite these worries, younger generations are still working toward their goals. Not only were younger respondents more positive about entrepreneurial pursuits, but they were also more likely to have a small business or an active side hustle. Four in 10 Gen Z and 41% of millennials have one or the other, compared to 31% of Gen X and 19% of baby boomers surveyed.

69制片厂制作传媒淵ounger generations are embracing side hustles and starting small businesses due to a number of motivating factors including economic uncertainty, a desire for flexibility and a greater interest in pursuing a passion or hobby,69制片厂制作传媒� said Frank Lamberti, chief commercial officer for Herbalife. 69制片厂制作传媒淣etwork marketing, in particular, can help meet these needs and offer low start-up costs, reducing the stress and anxiety that can be associated with starting a business.69制片厂制作传媒�

The impact of the Great Resignation

So, where are all these young entrepreneurs coming from? The Great Resignation, which saw 80 million Americans leave their jobs between 2020 and 2023, provides some insight. According to the these individuals weren69制片厂制作传媒檛 quitting to relax on a beach or read a good book; they were seeking greater control over their lives amid widespread uncertainty. Many turned to starting their own businesses or launching side hustles, with a record 5.5 million new ventures emerging in 2022 alone.

All of it points to a sense of cautious optimism among the current and budding entrepreneurs out there. Continuing to make money, no matter what the economy does, is the name of the game.

If you69制片厂制作传媒檙e considering becoming an entrepreneur or looking to boost your side hustle, visit for more information.