If you are looking for the best business ideas for young adults, you're in luck!
In this blog post, we will discuss some of the business ideas for young people just starting out in the world of entrepreneurship.
We will cover a variety of industries, so there is something for everyone. So what are you waiting for? Read on to learn more!
How To Succeed if You Are A Young Entrepreneur
There are tons of examples of young entrepreneurs whose companies succeeded. They didn't need tons of experience or to be old to have a profitable company. What mattered was their passion.
Starting a business when you are young, or a teenager may seem impossible, but you can do it with the right planning and execution.
There are many things to consider when starting your own business, such as what type of business to start, how much money you will need, and what legal steps you need to take.
Here are some tips for starting your own business while you are still young:
Do your research
Before starting any business, it is important to do your research and figure out what type of business you want to create. Look into the market for your product or service and make sure there is a demand for it. Also, make sure you understand the costs associated with starting and running your business.
Create a business plan
A business plan is a document that outlines your business goals and strategies. It is important to have a business plan in order to track your progress and make sure you are on track with your goals.
When starting a business, it is essential to stay organized and on top of your finances.
Make sure you have a system for tracking expenses and income and create financial projections so you can keep an eye on your budget.
Network with other entrepreneurs
One of the best things about owning your own business is the networking opportunities it provides. Get connected with other entrepreneurs in your area and learn from their experiences.
Owning your own business can be a great way to achieve independence and financial security. By following these tips, and with the best business ideas for teens, you can start your own business while you are still young and achieve success!
With a carefully thought strategy, success is possible. If you can adapt to daily changes, you will achieve your goals.
Get Approved For A Loan Today and Start your Business
Entrepreneurship Ideas For Teens and Young Entrepreneurs
To start a business, you need to add value with a product or service, a strategy, and an action plan to develop it (and resources to start and make it grow)
I know, firsthand, some of the options on this list, some others are recommendations of experts in these circles.
But if your future business is not included here… go ahead! Remember that you need a strategy, an action plan, and resources. Do not let anything stop you.
Do you think E-commerce is the future?
E-commerce is a continually growing industry. If you want to start an online store business, it’s essential to know specific guidelines on how to sell online
You could sell your own products, retail other products, or build online stores for other businesses. Young entrepreneurs tend to succeed when it comes to E-commerce.
Can you develop software?
This is a field with exponential growth and high demand. And it’s very profitable.
Some companies may not be able to hire you permanently, but only for specific projects. This allows you to work for different companies throughout the year, or join a team of developers with work overload that may need your services.
Software development offers exciting opportunities that will help you grow professionally.
Have you ever heard of commercial intermediation?
It is about contacting a seller, finding a buyer, and earning a commission.
You can talk to all kinds of businesses: entrepreneurs who want to get rid of their stock, sellers overwhelmed by their low capacity, companies that need to delegate the selling to a professional… the list goes on and on.
Are you skilled at gardening?
Around you, there are many gardens that need maintenance. Their owners (due to lack of time or old age) want to see them taken care of, but can’t do it themselves. Others don’t want to pay for gardening tools.
You can help these people and amortize the price of the tools by using them in various gardens.
Are you good at drawing?
You can work for magazines, newspapers, or publishing houses by making illustrations or cartoons. Also, you can draw personalized portraits or personalized comics.
Social networks, word of mouth, and the publication of your work will be your best ambassadors.
Nowadays, and thanks to the internet (and sites like Patreon
), young entrepreneurs, that are illustrators, make a living using their artistic abilities.
Are you a designer?
All companies need marketing to promote their products and services. You can start a design agency that creates logos, web designs, promotional videos, and more!
You don’t need expensive resources, sometimes your knowledge and a computer are enough. Use and monetize your creativity!
And if you’re not an expert in specific fields, you can hire employees (or freelancers).
Are you a good cook?
What about having your own business? That’d be great, right? And it’d be better if you could take it anywhere you go. Starting a food truck is a great idea. These mobile restaurants have gained a lot of popularity in recent years. Take advantage of this.
Starting a food truck is not very expensive
, and you can move from place to place, city to city, from customer to customer.
Can you offer specific services?
You can open a company to offer your services. There are hundreds of markets to exploit; it all depends on your knowledge and skills.
For example, if you are a nurse, you can supervise patients, offer timely care, take care of older people, etc.
If you’re a personal trainer, you can offer your services in different gyms, or at the client’s place.
If you enjoy and are good at taking care of children, you open a day-care.
Remember, young entrepreneurs that are agile when it comes to emergencies and last-minute calls (you can form a team of experts in your small business to help you) will always have work.
Do you love cars?
Many people lack the time to take care of their cars (check-ups, gasoline, oil, cleaning, taking it to the mechanic, etc.). Owners are very willing to invest significant amounts in the maintenance of their cars. But finding a trustworthy person can be hard.
You can offer all those services! In addition, your business idea can even specialize in a specific type of car (classic, sports, etc.).
Could you share your skills and knowledge?
The essential ability nowadays is “Learn to Learn”.
As a young entrepreneur, you can help students in difficulties, by accelerating their learning and, by extension, their motivation and performance.
If you are a musician, an expert in digital subjects, a teacher, or if you excel in languages, you will find a massive market of clients who want to accelerate their learning.
You can do it at home, go to the client’s place, or go to companies. You can offer group or individual classes, either for children or adults. There are hundreds of options and business ideas. You can even form a team of specialists and open an academy.
Do you have extensive knowledge of social networks?
You can be a Community Manager and offer your skills to any type of business. It could be a large company or a smaller one. They all need a social media manager.
You can start a small Social Media agency and offer your services to businesses that don’t know how to use social platforms but want followers.
Are you a photographer?
The photography field is enormous, young entrepreneurs can take advantage of this. Photos are always necessary; everyone needs and wants them, for example, pictures of products, facilities, equipment. And that’s not it; you can also offer your freelance abilities for family events, such as weddings. Another niche for this business idea: pet photography.
Do you write?
It’s hard to make a living as a writer, but self-publishing your publications and selling them online is simple and easy. Besides, the costs are very reasonable.
You can even find print-on-demand companies: you can only print the books you sell. This eliminates the risks of having an unsold stock.
Do you have a property you’re not using?
With the right marketing and comfortable furniture, you can rent the space for freelancers that do not want to work at home, like a co-working space. You can also set up a small education academy, or rent it on Airbnb. There are tons of possibilities.
What about a restaurant franchise?
There are many restaurant franchise options
. If you’re a young entrepreneur, keep them in mind, mainly because many do not require a significant investment.
If you are sure of your business idea's success and don’t see it on this list, remember that you don’t have to discard it: these are just recommendations.
Just remember to have a Plan B, don’t be kamikaze.
One great business idea for young adults is to start a tech company. In today's digital age, there are many opportunities in the tech industry. You could start a website design company, develop apps, or create software. If you have coding skills, this is definitely the business for you!
Pet Sitting Business
Another great business idea for young entrepreneurs is to start a pet sitting business. This is a great option if you love animals and want to work from home. As a pet sitter, you would take care of pets while their owners are away. This business is growing rapidly, so there is plenty of potential for success.
A short-term mindset is not a good business partner. Think about the long-term feasibility of your idea and how much you can improve it.
Get Approved For A Loan Today and Start your Business
- Start a social media marketing agency that helps businesses to improve their online presence.
- Create a blog and/or YouTube channel that offers tips and advice on how to use social media for business purposes.
- Design and run social media campaigns for small businesses free of charge in order to build up experience and a portfolio.
- Offer social media training courses to help people learn how to use these platforms effectively for marketing purposes.
- Develop creative content ideas for brands and help them to create engaging posts that will attract attention.
- Manage Facebook, Twitter, Instagram, LinkedIn, and other accounts on behalf of clients.
- Analyze data from social media channels to identify trends and insights people can use to improve marketing strategies.
- Becoming a social media influencer is one of the great business ideas for teenage entrepreneurs, you can sponsor your favorite brands while you get extra money!
Online Business For Young Entrepreneurs Ideas
- Start a blog or online magazine
- Design and sell digital products, like fonts, graphics, or templates
- Sell handmade crafts or goods on websites like Etsy
- Offer freelance services, like design work, writing, or consulting
- Create a marketing or social media campaign for a business
- Start an online store and sell products from home
- Become a virtual assistant or task runner
- Develop an app or your own website
- Provide professional services, like accounting or legal work, online
- Start a tech support business
- Create an online course or tutorial
Other Simple Business Ideas for Young Entrepreneurs
A photography business can be a great way for young entrepreneurs to get started.
They can offer portrait sessions, pet photos, and even newborn photo shoots.
Pet Grooming Business
Another great business idea is a pet grooming business.
This could include services such as nail clipping, brushing, and bathing.
Many young people have talents in the arts. They could start an art lessons business where they teach painting, drawing, or sculpting.
For those with a knack for organization, starting a delivery service could be the perfect option.
This could involve delivering groceries, taking laundry to the dry cleaners, or dropping off packages at the post office.
Gift wrapping service
Gift wrapping service is always in demand during the holiday season.
Young entrepreneurs could start a gift wrapping business and offer their services to local businesses and individuals.
Graphic Design Business
Start a graphic design business. This could include creating logos, graphics for websites, and even print work such as brochures and flyers.
Offer tech support services to local businesses and residents.
This could include setting up and maintaining computers, networks, and other electronic devices.
Start a house-sitting business. This could involve caring for pets, watering plants, and taking out the trash while the homeowners are away.
Launch a cleaning service
Cleaning homes or offices can be a great way to make money on your own schedule.
Being a craft fair vendor it's a great small business idea if you’re good with arts and crafts, this is a great way to make some extra cash on the side.
Walking Pet Services
Offer dog walking services. This is a great way to get some exercise and make some money at the same time.
Start a leaf removal business. If you live in an area with lots of trees, this could be a great way to make some extra cash.
Lawn Care Services
Starting a lawn care business is another way for teens to make some extra money. They can offer basic services such as mowing, edging, and weed-eating or go all out and offer additional services like leaf removal and fertilization.
A pet photographer is another great option for teen entrepreneurs. You can start this type of business on a shoestring budget and don’t require a lot of equipment.
Teens can capture beautiful photos of pets in their natural environments or during special occasions like weddings and birthdays.
Personal shoppers are in high demand, especially among busy moms. If you are good at organization and multitasking, you can start your shopping service.
They can help clients save time by doing their grocery shopping, picking out clothes for special occasions, or even ordering birthday gifts.
Starting a recycling business is a great way to help the environment and make some money at the same time.
Teens can collect recyclable materials from their friends and family members and then sell them to local recycling centers.
Video Gaming Business
Many teens are passionate about video gaming. Why not turn that passion into a business? There are many ways to make money from video gaming.
Teens can stream live gameplay on Twitch or YouTube, create gaming videos, or design and sell video game mods.
These are just a few business ideas for teenagers. There are many other options out there, so be creative and think of something that you’re interested in and passionate about.
The most important thing is to get started and take the first step!
Opportunities for Young Entrepreneurs
I hope this article has been useful to get some small business ideas for teens and young entrepreneurs. Remember that beliefs modify perception (science says it!). Don’t assume that a business “will not work” or “will definitely work.”
Stop, think, design a strategy and action plan that you can review continuously to prevent disasters.
You might find this article useful: How to start a vending machine business
Good luck, and if you decide to start some of these entrepreneur ideas, count on us!
We can help businesses that need financial support. At Camino Financial, we are proud of our motto, “No Business Left Behind”. Contact us, and we will review your case. We can help you with financing and resources to start and grow your entrepreneurial dreams.
Become a part of our family and join us!
Get Approved For A Loan Today and Start your Business
FAQs on Good Business Ideas for Young Adults
What are some business ideas?
You could start a business that helps people with their taxes, one that organizes closets and bedrooms, or one that provides dog-walking services.
The important thing is to think about what you're good at and what you enjoy doing, and then find a way to turn that into a business.
There are also plenty of online resources available that can help you get started with your own business.
For example, the Small Business Administration (SBA) has an excellent website with lots of helpful information on starting and running a small business. You might also want to check out websites like Entrepreneur.com or Forbes.com, which have tons of articles on starting.
What kind of business can I start at a young age?
There are a lot of businesses you can start at a young age. Here are a few ideas:
- A kid's party planning business
- A dog walking or pet sitting business
- A lawn mowing or snow shoveling business
- A tutoring service
- An online store focused on selling products made by teens and tweens
What businesses can a 20-year-old start?
A 20-year-old can start any business except for those that require a license to operate. For example, a 20-year-old cannot start a hair salon or a law firm because they require licenses.
However, a 20-year-old can start a pet sitting business, a consulting business, or any other type of business.
The best way to find out what businesses are available to start is to do some research online or speak with an entrepreneur in your community.
There are also many books and articles available that provide information on starting your own business. The key is to do your homework and make sure you choose a business that matches your skills and interests.