In a recent study conducted by Skynova, it has been revealed that Gen Z entrepreneurs, those born between 1997 and 2012, are lacking a basic business skill – invoicing. This finding raises an important question about the preparedness of this generation to navigate the complex world of entrepreneurship. While Gen Z is often hailed for their technological prowess and innovative thinking, it seems they have some catching up to do when it comes to the fundamentals of running a business.
Invoicing is a crucial aspect of any business, as it ensures timely and accurate payment for goods and services rendered. However, the study suggests that many Gen Z entrepreneurs are struggling with this essential task. This could be attributed to a variety of factors, including a lack of formal business education or experience. With the rise of the gig economy and remote work, many young entrepreneurs are diving headfirst into business ventures without the guidance and mentorship that previous generations may have had.
It is important to address this issue and provide the necessary resources and support to help Gen Z entrepreneurs develop this fundamental skill. By equipping them with the knowledge and tools to create and manage invoices effectively, we can empower them to succeed in their entrepreneurial endeavors. As the business landscape continues to evolve, it is crucial for the younger generation to possess a strong foundation in essential business practices. With the right guidance and education, Gen Z entrepreneurs can overcome this hurdle and thrive in the ever-changing world of business.