SAN FRANCISCO, CA — December 20, 2017 — According to a recent online survey conducted by Ipsos on behalf of Veem, the leading multi-rail global payments platform for businesses, the future generation of business leaders is global in nature and intent on running their businesses beyond the US borders. With 48 percent of small business owners ages 18 to 34 currently selling their products outside of the US compared to just 7 percent of business leaders age 55 and up, the future is global.
“Millennials are leading the way when it comes to technology and globalization,” said Marwan Forzley, founder and CEO at Veem. “Business leaders of all ages are open to using new technology, like blockchain, with an overwhelming majority of Millennials being open to trying new technology even when it comes global payments, one of their most critical business functions.”
Business leaders of all ages are open to using new technology, like blockchain, with an overwhelming majority of Millennials being open to trying new technology even when it comes global payments, one of their most critical business functions.
Results from the survey, which was conducted among 500 small business leaders who are the owners of companies with up to 30 employees illustrate that although business leaders are generally confident about doing business and taking advantage of global opportunities, there are some major differences that emerge across demographics.
Millennials vs. Baby Boomers:
Future businesses leaders are bringing a global perspective to their business. They are the first generation to have internet access from childhood and social media has been a way to connect as long as they can remember. Technology has had a profound impact on how this age group does business compared to generation in the past. “The way the future generation does business is different than older business owners. They have always been and will always be global thanks to the removal of barriers by technology.” continued Forzley.
“We’re a company of five and we’ve been able to grow our business in a way that wouldn’t be possible if we were limited to just doing business in the US,” said Ronald Renshaw, President at Jupiter Lighting Group, LLC. “Many of our customers are in China, Taiwan and Hong Kong and it’s been such a positive experience for us to work internationally. We’re proud to be an American business that works across borders.”
The survey comes at a time when many important issues are up in the air. Will the new tax laws be good or bad for small and medium businesses? Will the US remain a part of NAFTA? Only time will tell but it’s positive to know that the future generation of business leaders are confident in what they are doing.
To learn more, please visit https://www.veem.com.
Trusted by more than 700,000 businesses in over 100 countries, Veem is the market leader in automating accounts payables and receivables for businesses. Started with the intention of making business payments as simple as sending an email, Veem has revolutionized the way businesses pay and get paid around the world by empowering business owners, accountants, and finance professionals to take control of their payment processes. Veem levels the playing field by providing enterprise-level payment tools to small businesses. Designed with data security and privacy in mind, Veem adheres to strict compliance, privacy and data protection practices and holds all required federal and state licenses.
These are the findings from an Ipsos poll conducted September 28 – October 10, 2017, on behalf of Veem. For the survey, a sample of 508 adults over the age of 18 from the continental U.S., Alaska and Hawaii was interviewed online, in English. In order to qualify for the survey, respondents had to be employed full-time or self-employed for a company that employs 5 to 30 employees, and identify as being the owners of the business. The precision of Ipsos online polls is measured using a credibility interval. In this case, the poll has a credibility interval of ± 5.0 percentage points for all respondents surveyed.
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