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Bret Unger asks two pint-sized customers what kind of chips they’d like with their hot dog. He stands behind the counter in cargo shorts and an orange and yellow t-shirt banded like candy corn. His black cap is tilted up and to the right so you can’t see the smiling hot dog logo.

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‘My insistence on moving out at 23, to a vibrating apartment above a sandwich shop, is the single best move I ever made for my bank account and career,’ writes 26-year-old Danielle Kubes

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The 22-year-old, who is studying small business and entrepreneurship at Toronto’s Seneca College opened a restaurant, Bite Me Supreme Foods, last month. After presenting his father with his business plan, his father loaned him $100,000.

“Growing up, I always had the mindset that I would never work for anybody,” Mr. Unger says.

Generation Y may be the most entrepreneurial generation on the planet. Parents have raised their children to value independence, personal aspirations and meaningful work. Rather than wait for the ideal job in a competitive job market, many graduates are charting their own path and finding ways to fund their aspirations.