The definition of Millennials:

Millennials, also known as Generation Y. They are one of the most discussed generations in current business literature. They were born in the 1980s or 1990s. Today, millennials constitute one of the largest and fastest-growing segments of the luxury consumer base. Beyond their age, the characteristics of Millennials are what make this consumer segment so important for luxury brands.

With the Great Resignation, the COVID-19 pandemic has affected the American workforce. Millions of workers are quitting their jobs, but quitting does not imply that millennials will never work again. Instead, they are regaining control. Ninety-one percent quit their jobs to make more money, 82 percent are rethinking priorities in the face of the pandemic, and 81 percent want to pursue another passion or career path and are reskilling accordingly.

Here are seven things millennial business owners should think about.  Each tip has been examined in greater depth.

Keep an eye on your credit.