Entrepreneurship as self-expression
The older and younger generations may have grown up in different eras, but are linked on an aspirational level by the shared desire of their members to go into business for themselves. However, the business model that today’s young people have in mind has little to do with dashing around the world or building an industrial empire in the manner of Taiwan’s tech titans. Instead, they want to establish businesses that let them “be themselves.”
A 2011 survey by 1111 Job Bank on the entrepreneurial desires of working persons found that 79% of working individuals were interested in going into business for themselves. The survey further revealed that the desire took root at an average age of 27.84 years, and focused primarily on restaurants, personalized products, online shops, and cafes.
Box Lin (born in 1984) enrolled in the master’s program in toy and game design at National Taipei University of Education following his graduation from the mechanical engineering department of National Central University. The decision made his mother, who had hoped he would find a steady job in technology, weep. Lin tried to console her by telling her that he’d been wanting to open a toy shop since kindergarten. “I’m not fooling around,” he said. “I’m pursuing a lifelong dream.”
He’s not just blowing smoke. Lin has actually founded three companies since turning 25, all of them related in some way to the training he received in his toy and game creation and design courses.
“My generation really needs ‘space to breathe,’” he says. “We’re not like our parents, content to grow old working for some organization, every day almost identical to the one before it. We see going into business as a way of expressing ourselves.”
This kind of thinking happens to be exactly in line with the observations of American psychologist Jean Twenge, author of Generation Me. Data from more than 1 million questionnaires and a decade-plus of research revealed that “Generation Me” (young people born since 1970) shared a number of characteristics, including self-centeredness, self-confidence, creativity, imagination, distrust of authority, and the courage to embrace their ideals, as well as a corresponding aversion to facing reality and an insufficient sense of responsibility.
Career’s Zang observes that today’s young people are particularly sensitive to their “return on investment.” Just as people on Facebook expect friends to immediately “like” their posts, young people today expect good performance in the working world to yield an immediate return.
“Unfortunately, there are fewer opportunities nowadays,” says Zang, “and many people can’t help but think, ‘If I’m only going to be a poorly paid assistant anyway, why not strike out on my own? Even if I don’t earn much of anything, I’ll at least be running my own business and won’t have to answer to a boss.’”
Hundreds of aspiring young dancers turned up to audition for parts in Dancing Diva, a Broadway-style spectacular planned by advertising professional Jerry Fan and others as a vehicle for young dance performers.