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he rise of the DIY Generation has taken the world by storm. Born with the internet at their fingertips, Gen Z has grown up with access to information, making them more independent and self-sufficient than any other generation.
The digital landscape has enabled young people to start their businesses and chase their dreams, leading to a rise in entrepreneurship among the younger generation. In this blog post, we will examine how Gen Z has become the DIY Generation we know today and how access to information has driven their entrepreneurial spirit.
1. Access to Information
Gen Z has access to information at their fingertips, making it easier for them to learn and be more self-sufficient than ever before. They have grown accustomed to seeking answers independently, making them confident in their abilities to take on challenges and uncertainties.With access to information, young entrepreneurs can start their businesses and get the skills they need to succeed, creating a sense of empowerment.
According to a Namecheap, Gen Z and Millennials are frequently referred to as the “DIY generation” due to their entrepreneurial spirit and desire to take matters into their own hands.
Their success is largely due to technological and information improvements, making it more feasible for them to start their businesses or take on initiatives independently.
2. Technologically Adept
As the most digitally connected generation in history, Gen Z is highly technologically proficient and can navigate various digital tools, platforms, and applications. According to a survey conducted by EY, Gen Z respondents reported feeling technologically adept with a high degree of self-sufficiency.
The technologically driven landscape of today has exposed Gen Z to entrepreneurship at an early age, giving them the skills they need to start their ventures.
As digital natives, Gen Zers can be authority figures on the technology imperative to the modern workplace. They quickly streamline processes and have less hesitation or fear to try something new.
According to David Stillman, in researching for the book Gen Z At Work: How the Next Generation, they repeatedly heard that Gen Z felt the other generations overthought things and took too long. Therefore, they are good at saying, "Let's just try it, let's get out there, let's do it," potentially cutting out many deep, lengthy processes.
3. DIY Mentality
Gen Z is the "do it yourself generation," coined by Jonah Stillman, a 21-year-old author and co-founder of the Gen Z research and consulting firm GenGuru.
This generation believes in its abilities, making it feel like they can achieve anything, translating into an entrepreneurial mentality. Gen Zers think they can do many things on their own, in entrepreneurship and general, through access to information.
According to an article in Knowledge at Wharton, Jonah Stillman characterizes his generation as the do-it-yourself type, partly because the internet offers unparalleled opportunities for self-education. "If I wanted to learn how to retile my bathroom floor or speak Russian, I could learn all that and anything in between by logging onto YouTube," he explains.
4. Self-Sufficient
As self-sufficient as they are, these young entrepreneurs' modern versions are not necessarily alone. Modern tools, online communities, and collaboration platforms make that a cinch.
Gen Z finds strength in the support provided by others who share their DIY passions. This mutual support system helps them build more substantial businesses and tap into the collective experiences of others.
5. Rise of Entrepreneurship
All the factors mentioned above have contributed to the impressive rise in entrepreneurship among Gen Z. From content creators to YouTubers and social media influencers to founders of e-commerce stores and online businesses, Gen Z has found opportunities in the modern landscape.
They have unique advantages to succeed, including a DIY mindset, technological savvy, and access to information. Entrepreneurship is now a realistic goal for young people, leading to a rise in self-made entrepreneurs in various fields.
In conclusion, the DIY Generation has emerged from the digital age, with access to information, technological proficiency, and a DIY mentality contributing to this phenomenon. Young entrepreneurs are becoming self-sufficient and are creating businesses and ventures with the help of online communities.
The rise in entrepreneurship among Gen Z proves that the modern landscape is conducive to beginning your venture and starting a successful business. As we continue to see these young entrepreneurs emerge, one thing is clear: the DIY Generation is here to stay.
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