{"id":64503,"date":"2019-08-15t09:00:45","date_gmt":"2019-08-15t13:00:45","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=64503"},"modified":"2019-08-18t13:01:49","modified_gmt":"2019-08-18t17:01:49","slug":"most-new-college-grads-plan-to-start-their-own-businesses","status":"publish","type":"post","link":"\/\/www.g005e.com\/2019\/08\/15\/most-new-college-grads-plan-to-start-their-own-businesses\/","title":{"rendered":"most new college grads plan to start their own businesses"},"content":{"rendered":"
but first, they need to pay off their student loans. bonus: what millennials want in a first job.<\/strong><\/p>\n by 卡塔尔世界杯常规比赛时间 research<\/em><\/b><\/p>\n as they prepare to enter the workforce, 70 percent of young adult job seekers say the freedom of being their own boss is worth more than the benefit of job security working for someone else.<\/p>\n additionally, 53 percent say they are likely to start their own business in the future, according to new research from the aicpa, which took the opportunity to promote cpa services to the wanna-be entrepreneurs.<\/p>\n although the new study has\u00a0no data on cpa-bound graduates, it provides some insight into millenials’ plans both as potential clients and as staffers.<\/p>\n \u201cit\u2019s not surprising that the generation currently entering the labor market is looking beyond the traditional approach of rising through the ranks in a well-defined career path,\u201d said gregory anton, cpa, cgma, chairman of the aicpa\u2019s national cpa financial literacy commission. \u201cdevelopments in technology and the internet have made it easier than ever to start a business. however, they have not necessarily made it easier to succeed.\u201d<\/p>\n the survey was fielded by mavy poll on behalf of the american institute of cpas among millennials who graduated from college in the last 24 months or will graduate in the next 12 months and are currently looking for employment \u2013 referred to as \u201cyoung adult job seekers.\u201d<\/p>\n ambitious young entrepreneurs are not alone. each month, approximately 540,000 people become new business owners. contrary to the commonly-held belief that most businesses fail to gain any traction, according to the small business administration, roughly 80 percent survive the first year. however, the success rate of small businesses begins to fall sharply as time goes on. only about half survive past the five-year mark, and beyond that, only about one in three get to the 10-year mark.<\/p>\n in other findings from the survey, the aicpa reports: health insurance, paid time off, and student loan forgiveness top the list of millennials\u2019 desired workplace benefits.<\/p>\n when asked to choose the top three benefits that would most help them achieve their financial goals, young adult job seekers top two choices focused on the traditional benefits of health insurance and paid time off. interestingly, student loan forgiveness was the third most cited option.<\/p>\n this goes to show employers that along with health and work-life balance, student loans are a primary concern for young adults entering the workforce. this priority placed on paying off student loans may lead some new graduates to pursue careers in public service where student loan forgiveness is a more common incentive.<\/p>\n 54%<\/b><\/p>\n<\/td>\n<\/tr>\n 45%<\/b><\/p>\n<\/td>\n<\/tr>\n 41%<\/b><\/p>\n<\/td>\n<\/tr>\n 38%<\/b><\/p>\n<\/td>\n<\/tr>\n 36%<\/b><\/p>\n<\/td>\n<\/tr>\n 25%<\/b><\/p>\n<\/td>\n<\/tr>\n 15%<\/b><\/p>\n<\/td>\n<\/tr>\n 13%<\/b><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n <\/p>\n the relatively low number (36 percent) that selected 401(k) match may be explained by retirement seeming like it is in the distant future. however, individuals with the longest time until retirement stand to gain the most from this benefit. those just entering the workforce should aim to contribute enough to get the entire employer match. otherwise, they are essentially missing out on a 100 percent return on their investment that will continue to compound over time.<\/p>\n \u201cearly career decisions often have a major impact later in life,\u201d says anton. \u201ca mentality of \u2018i\u2019ll start saving when i get a bit older\u2019 often results in retirement savings being put on the back burner. however, by beginning to save towards retirement as early as possible, new graduates will benefit from decades of compounding growth. time is an asset, and those just starting their career are in a prime position to take advantage of it.\u201d<\/p>\n while student loan forgiveness was the third most popular benefit overall for young millennials– among those with outstanding loan debt, student loan repayment was viewed as being a more important use of their benefit dollars than any other comparable benefit.<\/p>\n when given a hypothetical $100 to have an employer split between paying a portion of their student loan debt versus putting towards a specific benefit, young job seekers burdened by student loan debt said they would prefer their employer put more money towards paying their student loan debt in all cases.<\/p>\n\n
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\n \u00a0young adult job seekers<\/b><\/td>\n<\/tr>\n \n \u00a0benefit<\/b><\/td>\n \u00a0chosen in top 3 by:<\/b><\/td>\n<\/tr>\n \n \u00a0health insurance<\/td>\n \n \n \u00a0paid time off<\/td>\n \n \n \u00a0student loan forgiveness<\/td>\n \n \n \u00a0working remotely<\/td>\n \n \n \u00a0401k retirement fund match<\/td>\n \n \n \u00a0tuition reimbursement<\/td>\n \n \n \u00a0pension<\/td>\n \n \n \u00a0paid parental leave<\/td>\n \n