Millennials look to make a difference when they are in charge. (Photo: iStock)

Millennials who start their own businesses are more interested in growing their influence on their local communities than their parents were, but many also have altruistic motives: They want to use that influence to improve those communities.

That’s according to HSBC Private Bank’s “Essence of Enterprise” report, which finds 26 percent of entrepreneurs in their 20s set up their business with a view to making a name for themselves, compared with 17 percent of over-50s.


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.