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The Entrepreneur’s Source: Millennials and Entrepreneurship

The New Breed of Candidate: How Millennials Are Changing The Face Of Entrepreneurship

Views on millennials can be as different as night and day. Some people have an impression that they are entitled and remiss, while others see them as ambitious and tech-savvy. One thing is clear: millennials are not doing business as usual.

Millennials and Entrepreneurship

For 35 years, The Entrepreneur’s Source has been warning you about the New Career Economy. We’re seeing an end to the days when you went to work for one company, stayed there until retirement, and then relaxed in contentment with your pension in the bank. Workers are moving around more, facing obstacles like layoffs and downsizing…and from the looks of it, millennials aren’t falling for it! Still, they’re not sure how to move forward.

A nationwide survey published by EY, a professional services firm, and EIG (Economic Innovation Group) had some interesting findings:

  • Millennials overwhelmingly (78 percent) consider entrepreneurs successful.
  • 62 percent of millennials have considered starting their own business.
  • 55 percent believe their generation is more entrepreneurial than past ones.
  • 42 percent of millennials believe they don’t have the financial means to start a business.

So, what do we take away from this? Millennials should consider entrepreneurship as their path to a future of self-sufficiency.


A Self-Directed Approach to Self-Sufficiency

The Entrepreneur’s Source has helped tens of thousands of clients  move forward so they can realize their I.L.W.E. dreams using our unique process of self-discovery. Our career transition coaches don’t tell you WHAT to do — and all indications point toward a generation of people who definitely aren’t looking to be told what to do!

Instead, we help you explore the possibilities while giving you the tools needed to take a more self-directed approach.  You set the pace. You even decide where! It can be your desk or even sitting on your couch. That’s because your journey toward financial freedom begins with your computer or mobile phone with our groundbreaking tool that can be done online, in the comfort of your own home (or on the beach if want!) at a time that is convenient for you.

FranchiseMatch lets you begin exploring franchising opportunities in less time than it takes to make a cup of coffee. It’s designed to take what could otherwise be an overwhelming task and make it more focused and manageable, and you can do it all on your computer or phone.

You move forward at your own pace. You work with an alternative career coach when you are ready. They can help you discover options you never knew existed or would have prematurely dismissed. … and would never dream could be so affordable.


Entrepreneurship Through Franchising

Franchising makes sense because it helps take away some of the risks that are associated with starting a new business. It’s often described as a way to “be in business for yourself, but not by yourself.” With our client experience, you will be looking at possibilities that align with your goals, needs, and expectations.

The Entrepreneur’s Source will help you explore options to your goals, needs, and expectations.


An Achievable Dream

Business ownership is an achievable dream and there are options out there that will suit almost all lifestyles and finances. Some entrepreneurs are getting business degrees and starting their own franchises right out of college. Others are skipping college altogether and using that money to start their own franchise instead. We’re also seeing family businesses, with parents and their children going in together to make a successful franchise.

The point is, if you can imagine it, The Entrepreneur’s Source can help you achieve it and we can do that at your pace. You’re not doing business as usual, you’re doing business as YOU!

Are you a millennial interested in exploring your own possibilities, options and dreams and building toward self-sufficiency?   Get started here: www.entrepreneurssource.com.


The Entrepreneur’s Source: How To Identify An Excellent Mentor

Originally Published in Forbes, Jul 10, 2019. “Mentors Matter: How To Identify An Excellent Mentor. Written By Terry Powell, the Visionary Founder of The Entrepreneur’s Source.

Let’s assume that we all agree that mentorship is a good thing. In the workplace (paywall), mentorship is considered extremely valuable, particularly for young adults just starting out, to get ahead. But established CEOs and high-level executives often also have — and benefit from — mentors. Even legendary investor Warren Buffett has talked about the benefits of mentorship and how investor and economist Benjamin Graham was his.

So, mentors matter — but obviously you want the right one. Having the wrong mentor will just waste everybody’s time and send you along the wrong path. If you’re looking for a mentor, you’ll want to consider a few things.

Mentors coach; they don’t play the game for you. The best mentors are a little like coaches, or teachers, or even therapists. In other words, they won’t give you answers or directions. They will, however, guide you and help you figure out the answers you’re seeking. They self-direct you to your discoveries.

It’s very important that you have a mentor who shows you the way rather than tells you the path you should take. Think of it this way. This is a variation of the “teach a man to fish” wisdom we often hear, but would you want to hire a mentor who tells you how to swim and gives you detailed instructions — but never gets in the water with you? Or would you rather someone show you how to swim — you know, actually teach you?

If you tell somebody how to swim, chances are, once you leave, they aren’t going to do very well. In fact, they may well drown. But if you actually work with the person and teach them how to swim, whether you’re around or not, they’re likely going to do very well in the water from here on out. You want a mentor. You want a coach. You want somebody who is going to teach you, not tell you, how to swim.

You want a mentor who listens to you. That sounds obvious, but if you’re feeling overwhelmed and you do want to be told what to do, you may not notice if a mentor doesn’t seem to be actually engaging with you. That’s another reason you want a mentor to help you help yourself. A mentor can’t really assist or coach you if you haven’t explained to them what you’re trying to do and why you think things aren’t working so far.

In other words, if you meet a mentor who thinks that they know it all without listening to what you’re saying, you have a problem. Your mentor may have a one-size-fits-all agenda or simply isn’t very good at their job. And mentors should be listening. For starters, they can’t understand what you need if they aren’t engaged. Plus, a good mentor will typically learn a lot from the mentee.

Good mentors are interested in the people they’re helping and recognize that mentees aren’t blank slates with nothing to offer. We’re all on this crazy journey we call life. The mentor has (hopefully) simply been on this journey a little longer — or has been on a different pathway than the mentee, a pathway the mentee presumably wants to take. Which leads me to my next point.

Experience is important. You don’t want to be steered in a bad direction or to come to decisions that don’t work for you. In an age where just about anyone with a website and bank account can say that they’re, say, a life coach, open for business, you really do need to do your due diligence and research the person and make sure that they really do have the type of background that you believe would make them a good mentor.

I’m not talking about having experience in coaching. Sure, that’s nice. I’m talking about a mentor needing true experience in the direction you want to take. A good mentor will possess the tools and background to help you sift through your possibilities and the pathways you could take, and those you shouldn’t take, in order to reach your goal. Your mentor has a map and knows how to read it. Otherwise, what’s the point of working with this person? As I said, you’re both going to learn something from the mentor and mentee relationship. However, if you’re working with somebody who doesn’t have what it takes to help you reach a point of clarity, it doesn’t make sense to continue the relationship.

As Warren Buffet said, “Price is what you pay; value is what you get.” Make sure your mentor is consistently adding value and challenging you to become a better version of yourself at all times.

An Entrepreneur’s Source Coach can help you paint the “big picture” of your life through a discovery and education based process.  If you’re curious about exploring alternative career options and would like to discover Your Career 2.0®  with The Entrepreneur’s Source®, contact us today!

About The Entrepreneur’s Source®.  Established in 1984, The Entrepreneur’s Source has been North America’s leading alternative career coaching franchise dedicated to the entrepreneur for more than 34 years.  The Entrepreneur’s Source offers in-depth advice to individuals striving to become self-sufficient with the release of our new book, Your Career 2.0: A Survival Guide for The Battered Career and Investor SyndromeThe book is a thoughtful examination of how you can make your dreams of self-sufficiency a reality. Authored by Founder of The Entrepreneur’s Source Terry Powell and E-Source alternative career coaches, the book is a must-read for any individual who has ever considered taking the path less traveled and embarking on the journey to small business ownership.


The Entrepreneur’s Source: It’s National Simplify Your Life Week

Did you know that National Simplify Your Life Week is the first week of August? At The Entrepreneur’s Source, we believe Simplify Your Life Week is meant to encourage us all to look at our lives and discover what makes us genuinely happy… and what doesn’t. It also encourages us to explore ways to achieve our Income, Lifestyle, Wealth, and Equity (I.L.W.E.) goals.

Most of us go through life on autopilot… trying to do our best at whatever we are doing, whether it’s our jobs, school, or anything else on our “Life To-Do List.”  But as time goes by, we eventually realize that we are not giving our energy to the people we care about the most or activities that bring us joy but are spending most of our lives working hard for someone else’s goals.

It turns out that the biggest danger to a fulfilling life is not failing to work hard for it. The biggest danger is working hard for a life you don’t actually want.

Let’s talk about Phil for a moment.

Phil is the kind of guy we all know. Phil loves his family and he works hard to make sure they have not only the things they need, but also the things that they want. After all, dance classes and robotics camps cost money. So, Phil gets up early every weekday morning for work.

He spends about an hour fighting traffic (45 minutes if he’s lucky) and rolls into the office around 8:30. Before he’s even had time to answer the 35 emails waiting for him, he’s got workers coming into his office. Some are asking to schedule vacation, some are complaining about personnel issues, and others come bearing bad news about broken equipment and missed deadlines.

Phil starts putting out those fires and doing what he can — because he wants to make life easier for the people who work under him, but before he can get too much more done, emergency meetings are called. These are the guys in “Upper Management” — the guys that tell Phil what to do. There are demands for projections and PowerPoint presentations by Monday. Phil really can’t complain to them. He just has to take the harsh words and stern admonitions to “get it done!” He realizes he’ll have to stay at work late tonight and probably come in for at least half a day on Saturday. That means he’ll miss dinner with his wife and kids tonight and his daughter’s soccer game on Saturday.

On the lonely drive home, Phil can’t help but wonder if there’s something better?

Do you know a guy like Phil? Is Phil YOU?

When we’re young and full of hope and energy, most of us don’t dream about a job that chews us up then spits us out! Here at The Entrepreneur’s Source®, we have a name for that: “ The Battered Career Syndrome®.” Now, here are a few questions. See if any of them apply to you.

  • Are you exhausted and looking for another way?
  • Is this the example you want your kids to see?
  • Are you about to enter the workforce for the first time, but instead of feeling like a new beginning, it’s feeling like a prison sentence?

It’s time to discover how to simplify your life where what you do every single day, the time and energy you give, aligns as closely as possible with what you truly want to achieve in life. 


The Entrepreneur’s Source is your path to a new way of living. We help you figure out what you really want — then help you achieve it. We do this by determining your I.L.W.E. (Income, Lifestyle, Wealth, Equity). These are key components that contribute to your overall happiness and satisfaction with life. It’s a journey of self-discovery that will change your life — but will require honesty on your part and an understanding of trade-offs.

What are your lifestyle needs?

  • Do you want to be wealthy? – It’s possible, but will take a lot of sacrifices. That may mean less time for your family or for yourself.
  • Do you want to be able to build a business you can leave for your children? – It’s possible, but will probably take some initial hard work and sacrifices.
  • Do you want to have a job that allows you to provide for your family but still have the opportunity to be an active, present, part of their lives? – It’s possible and could be easier than you think.

What we are saying is that it’s important to know what you honestly want out of life. There are people that still live at home and work every chance they can get during the fall and winter, all so they can spend the spring and summer camping in a tent on the beach to surf. Those are the sacrifices they are willing to make to live that lifestyle.



When you begin working with your Career Transition Coach, you’ll begin a journey of self-discovery that will open your eyes. You may be surprised at what you find. Contacting The Entrepreneur’s Source is your first step on that journey. We promise all the Phil’s out there that making that first contact is no harder to do than getting up and going in to work is tomorrow.

Are you ready to get started working towards your very own franchise match?   If so, get started here – https://franchisematch.com/.