Mehdi Farsi, Reza Farsi and Eric Ferguson didn’t send out resumes seeking a corporate job after they graduated from Arizona State University a few years ago.
Instead, the longtime friends and avid cyclists turned their hobby into a business, launching State Bicycle Co., a maker of fixed-gear bicycles in Tempe, Ariz. Since its start in late 2009, sales have more than tripled, it has opened three retail stores and it employs nearly 25 people.
Now the three owners are part of a national movement to drive the Millennial Generation to become entrepreneurs and start their own businesses — rather than wait for more jobs to open up in today’s rough economy.
“It looks bleak for a lot of people out there. Jobs are hard to come by,” said Mehdi Farsi, 27. But “there is another way to make it right now. You take matters into your own hands.”