British millennial entrepreneurs have so much confidence in themselves that they might be delusional.
They’re twice as ambitious as older entrepreneurs and four times as likely to hire more employees, an Albion Growth Report found.
They’re also more likely to attempt to raise finances (and fail), and trade equity for hands-on support.
The difference between talent and delusion can be thin. If success develops, an entrepreneur is an innovator. To go into entrepreneurship, loving ambiguity and uncertainty helps.
Then again, to be a successful entrepreneur, being “different” or “nuts” might be the best preparation, if you ask some prominent thinkers.
British entrepreneurs showing signs of optimism and ambition is a sign of American influence, where overconfidence borders on the pathological.
A strong majority of British millennials, 70 percent, would prefer to run a business instead of working for someone else, but priorities do not always translate into action.
For the ones who have, however, their biggest obstacle is not self-doubt, but market conditions.
