What Millennial Moguls Are Doing Differently
Millennials got the short end of the stick in the generation game. But they pushed through all of the negativity thrust upon them and they’re actually thriving despite predictions to the contrary.
And while everyone is focused on how millennials are slowly destroying everything, millennials themselves are actually building businesses and making money. And they’re becoming some of the most notable business people this side of the last century mark.
But then, millennials are doing things differently than their disgruntled parents. Not only are they refusing to watch their dreams die as they’re forced to work in environments and with people who suck their souls dry, they’re building something. They’re baking their own cake, as it were.
Who are these millennials changing our world and what are they doing differently? Let’s take a look.
Tifanny Pham, CEO of Mogul Knows Millennials
Mogul is a digital hub. It’s a platform meant to connect women of every type, especially other business-minded women. The company spans 196 countries, 30,470 cities, and it’s all possible because of one woman.
Tiffany Pham, while the founder of Mogul, she also took on the mantle of CEO. And she now manages a team of millennial staff.
Now, you might think that managing millennials is like herding cats. And sometimes it is. But when you’re running one of the most successful women’s networks in the world, you figure out how to wrangle cats, because most of those women are millennials too.
Here are some things that help Tifanny do things differently.
Network Even When You’re Eating
As a manager and CEO, Tiffany never eats alone. If you’re an introvert, this might be a tough one to embrace, but it’s how you build relationships in such a busy world.
If she’s not having lunch with a fellow entrepreneur, she’s grabbing one of her employees and connecting with them. Not only does she want to connect with other entrepreneurs, she also wants to help her own employees feel connected. Nobody should be left behind in her opinion.
Never Pass Up an Opportunity to Celebrate a Win
Yes, the long-term goals are important. But it’s the short-term successes that ultimately keep people going. It’s how video games work and why shouldn’t it be how life works too?
Millennials have a hard time working without feedback. And if you’re left alone to fend for yourself, you’ll eventually act paranoid and wonder if anyone above you cares. Tiffany Pham works to avoid this paranoia below her.
When her team makes a win, she celebrates that win. When they need feedback, she gives it and makes her feedback constructive.
And she schedules feedback. Every Friday, she brings her team in either for a feedback session or a celebration. Often, it’s a celebration.
Find Your Passion and Apply It to Work
One thing Tiffany has noticed: if an employee has a passion of any sort, it should be utilized in the company. This is where she thinks millennials operate differently. They want their lives to be passion-filled.
This means that if she sees an employee’s personal goal, she taps into that passion for Mogul. This, of course, isn’t always possible. But prioritizing passion is one way she thinks millennials succeed where other generations failed.
And even when she can’t use someone’s personal goal to further the company, she’s shown an interest in her employees, making them feel valued.
Be Present, Don’t Hide
The old way of doing things included cubicles. You would hide away from your fellow employees so you could “get work done.” But employees often trespassed these boundaries and stood up or walked around their forced barriers to talk to other employees.
Now, if you walk into any office, cubicles just don’t exist. Millennials have done away with cubicle culture in favor of a more open and organic office structure.
And millennials like Tiffany take full advantage of this open structure.
While millennials are known as the generation always buried in phones and devices (a stereotype that’s just as true about boomers now), they prefer face to face contact rather than phone calls. I can attest that most of my friends prefer either text or a visual call rather than the tinny, disconnected sound of my voice on a phone.
Pham uses this to her advantage as a CEO. She walks around the office and finds out exactly what her employees are working on. When she needs someone, she goes and finds them rather than calling them.
When I worked in an office, I can tell you this method was much more effective at getting me to pay attention and remember than a call from your office. Even if you did call me, I’d probably just walk down the hall to talk to you further.
But Millenials Do Use Technology More Efficiently
While, yes, millennials prefer one-on-one contact, they use technology, especially mobile tech, for everything. Paper is no longer in vogue. You’d be hard-pressed to find a printer in an office such as Mogul’s headquarters in NYC.
While former generations had to struggle with reams of spreadsheets and physical checkbooks, financial planning apps for millennials are the bread and butter of life in the start-up world. Machine learning and mobile technology save millennials hours of grief their parents knew all too well.
It’s the connected nature of the millennial generation that will help them build in incredible future for all generations ahead.
Despite the Flaws
No generation is without some sort of flaw. And yet despite the millennials generation’s many flaws, they’ve learned to plug-in to their strengths and leverage those to make money and change the world.
If you’re a millennial just starting out as an entrepreneur, take heart. Your peculiarities aren’t a sin. Learn to harness your quirks to push forward and make the rest of the world stand up and notice.
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