On this presentation, Roman Temkin talks about how young entrepreneurs of this millennial age define 'success' and what it takes/means to be a successful entrepreneur. Is it ultimately how much money you make? Click on this presentation to learn more.

1. How Millennial Entrepreneurs Define
Success
Starting a business is a dream that many people have in their life. However, people in the
millennial generation generally have a different view of success than other people. It is important
to understand how millennials define success when it comes to starting their own business. Here
are several things to keep in mind when it comes to millennials defining success in their business
life.
Financial Success
Although it is the goal of every business to make money, many people in this generation do not
just want their company to make a large profit. This is an important point to consider for anyone
that is starting their own business. A lot of millennials want their company to make some sort of
impact in the world through the products or services that they sell. However, millennial
entrepreneurs need to keep in mind that their business needs to be making a profit first before

2. they worry about those issues. Even if a business is helping others, they will not last long if they
are in a negative financial situation.
Making A Difference
Unlike previous generations, many millennials that have started their own business want to make
a difference in the world. There are several strategies for people that want to do this through their
business. One of the most common ways is by starting a non profit business. A non profit
company exists not to make a profit but to help others. There are many different tax laws that
apply to non profit companies. It is important for an business owner to understand that a non
profit company must be run in a certain way. There have been many people over the years get in
trouble for the way they managed a non profit company.
Help Others
Another strategy that many companies use is donating a percentage of their proceeds to help
others. This can be a great way to help people throughout the world while also driving sales for
the business. Many people in the millennial generation are much more likely to purchase
products from companies that are socially conscience than previous generations. This is an
important fact for any business owner to keep in mind as they are thinking about the direction to
take their company. Overall, there are more opportunities today than ever before for people to
make an impact through business.
Roman Temkin is an entrepreneur and a real estate developer from NYC.