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March 1, 2007

The make-up of the next generation of entrepreneurs is changing, according to a new study. Marc Smith investigates what the future looks like and asks what family businesses should be doing to keep up with the new competition

Marc Smith is deputy editor of Families in Business.

Yesterday they were middle-aged, white males born in a place you could find on a map. Tomorrow they are more likely to be under 25, female and hail from anywhere in the world. These are the entrepreneurs of the future and, if you're thinking that your industry isn't going to change much in the next 20 years, they could be your biggest competitors.

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