The following two paragraphs were taken from an excellent post written by Donna Fenn. I highly recommend you pick up her book Upstarts!
“Small business owners are typically an optimistic lot, even in the face of dismal economic conditions. But a recent American Express OPEN Small Business Monitor survey found that GenY entrepreneurs are more optimistic than most. “More than three-quarters (80%) of these entrepreneurs have a significantly more positive outlook on business prospects versus GenX and business owners overall (each 55%), and Baby Boomers (52%),” the survey noted. GenY business owners were most likely to be hiring and making capital investments, and least likely to have cash flow issues and to be “stressed out” about the economy.”
Later on in her post, Donna provides highlights from a discussion we had about my experience as a GenY entrepreneur, and W3i-
“Focus on your core competency. Robert Weber’s company, W3i in Sartell, MN, markets third party computer applications and has been growing 53% a year. W3i continues to post significant gains this year because, Weber says, he had the foresight to eliminate divisions of the company that were hogging resources without generating significant revenue. He shut down a lead generation business and sold a mobile applications business “we never really figured out how to integrate into our main company.” With a single point of focus — “to be market leader in applications distribution” — Weber says the company is well positioned for growth this year.”
Read Donna’s full post here
