Business ideas
15 min read

10+ Best & Profitable Young Entrepreneur Business Ideas in 2023

Whether you’re a budding entrepreneur looking for a new idea or an existing business owner trying to stay ahead of the curve, it’s crucial to be aware of the latest trends and innovations in the business world. As the global economy continues to evolve, opportunities for young entrepreneurs are opening up faster than ever before. In this article, we’ll look at ten of the most profitable and promising business ideas for 2023 that any young entrepreneur can take advantage of. From creating innovative digital services to leveraging emerging technologies, these exciting ventures are sure to provide plenty of profitable opportunities. Each one offers its own unique advantages, so make sure you do your research and pick the one that's right for you! With creativity, determination, and a willingness to keep up with the cutting edge in business trends, there is no limit to what you can achieve as a young entrepreneur in 2023.

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Updated on:
April 2, 2023
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Table of Contents:

Our List of 10+ Best Young Entrepreneur Business Ideas:

1. Online Tutoring.

Online tutoring is a great business idea for those looking to provide quality educational services to a wide range of students. With online tutoring, students can receive personalized instruction and guidance from certified, professional teachers from the comfort of their own homes. Additionally, online tutoring provides teachers the ability to reach more students than ever before. Here are some key benefits of starting an online tutoring business:

  • Flexible working hours
  • Affordable start-up costs
  • Wide selection of course materials
  • The ability to tailor programs to individual needs
  • Access to global markets
  • Potential for rapid growth and profitability.

2. Virtual Assistant.

A virtual assistant is a contracted employee who works remotely, often to provide administrative, creative, or technical services. As a business idea, a virtual assistant can be appealing because it allows entrepreneurs to get the services they need without having to commit to an on-site employee.

  • Low overhead: no physical office space needed
  • Flexible staffing: hire assistants for short-term projects or specialized tasks
  • Cost efficiency: hire assistants at a lower rate than an in-house employee
  • Access to skills from around the globe: hire experts from different disciplines and countries

3. Online Marketplace For Handmade Goods.

An online marketplace for handmade goods is a great business idea for those looking to sell unique, one-of-a-kind products. By creating an online store that specializes in handmade goods, entrepreneurs can tap into a growing market of customers seeking to buy unique, quality items.

  • Customers seek out handmade goods because they are able to purchase something that is not only attractive and inspiring, but also made with care and quality materials.
  • Online marketplaces for handmade goods provide entrepreneurs with a global outlet to reach customers who may not have access to brick and mortar shops.
  • By offering items through an online marketplace, entrepreneurs can increase their customer base and expand their visibility.
  • The ability to create an online presence allows entrepreneurs to create a personalized shop where they can customize their products and make them stand out.
  • Handmade items are often more special than mass-produced items due to the care and attention put into them, making them highly desirable.

4. Subscription Box Service.

A subscription box service is a monthly or quarterly package of goods delivered directly to a customer’s home. This type of business can provide customers with convenience and the opportunity to discover new products at an affordable price. It makes for a great business idea because:

  • It allows customers to sample and experience new products.
  • It offers the convenience of having items delivered directly to their doorstep.
  • Often customers get more savings than they would buying products individually.
  • It provides businesses with opportunities for repeat sales over a period of time.

5. Event Planning Business.

A event planning business is a business that provides services related to the planning, coordination and execution of special events. This includes everything from corporate events, business meetings, conferences, weddings and engagements, birthdays and anniversaries, brand launches and more. Event planners help clients make an impression by offering custom solutions to meet individual needs. They coordinate all aspects of the event such as venue selection, catering services, audio/visual support, activities for guests, entertainment and decorations.

  • Much of the work can be done virtually
  • Helps clients create memorable experiences
  • Competitively priced services
  • Requires minimal startup capital
  • You can showcase innovative ideas every day
  • Caters to a wide market
  • Opportunities to create long-term relationships

6. App Concept And Development.

A app concept and development is the process of creating software applications for handheld devices, such as smartphones and tablets. It involves analyzing the client’s needs, deciding on a design and layout, developing the code for the application and testing for quality assurance. It can be an excellent business opportunity as it can provide potential customers with convenience, much-needed services, convenience of use and more. Here are some benefits of creating an app concept and development business:

  • The potential to reach a larger market than with traditional advertising strategies.
  • Ability to increase sales or revenue by providing customers with access to additional features.
  • The ability to offer customers higher levels of service.
  • Cost savings can be achieved by avoiding expensive printing costs.
  • Opportunity to increase brand visibility by providing customers with easy-to-use access to products or services.
  • Opportunity to create loyalty by sending customers notifications about new products or services.

7. Organic Skincare Products Business.

Organic skincare products are natural skin care products which are produced with natural ingredients instead of synthetic compounds. Organic skincare products can include lotions, soaps, serums, toners and more. The benefits of these natural products include that they are often hypoallergenic and can be gentler on the skin than conventional skincare products. As a business idea, organic skincare products have a lot of potential due to the consumer demand for natural and organic options.

  • Organic skincare products can be made from plant-based ingredients
  • Organic ingredients may be gentler for sensitive skin types
  • They are produced without harsh chemicals or animal byproducts
  • Organic skincare business owners have the potential to make a significant profit margin
  • There is an increasing demand for organic and natural skincare potions

8. Professional Organizing Services.

Professional organizing services provide help to individuals, families and businesses with organization of physical spaces, filing systems and calendar management. It is a great business idea for those who have an eye for detail and like helping people be more efficient with their organizing projects. Professional organizing services can include:

  • Decluttering closets, pantries, garages etc.
  • Creating filing systems
  • Setting up storage solutions (shelving, bins, cubbies)
  • Organizing offices and desks
  • Developing organizational tools and processes
  • Teaching organizational skills and habits

9. Graphic Design Services.

Graphic design is a creative process that combines art and technology to communicate ideas. It can be used to create visuals such as logos, brochures, business cards, websites, album covers, posters and much more. Graphic design services make a great business idea because:

  • It can provide an ongoing source of income for creative entrepreneurs.
  • It can be done remotely and with the use of technology.
  • The high demand for graphic designers allows for charging competitive pricing.
  • Service providers can specialize in certain areas to cater to specific customer needs.

10. Online Blogging.

Online blogging is a form of content creation that allows individuals to share their thoughts and ideas in the form of written content. It involves creating blog posts that are posted on the internet and can be viewed by anyone who has access to a computer or mobile device. Blogging can make a great business idea as it can help you generate an income while also providing value to readers. Here are some of the benefits of starting an online blog as a business:

  • It allows you to reach a wider audience.
  • You can generate passive income from advertising, sponsorships and affiliate links.
  • It gives you the opportunity to build your brand and establish yourself as an expert in your field.
  • It helps to cultivate relationships with other bloggers and potential customers.
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Successful Examples of Young Entrepreneur Businesses:

Young entrepreneurs have been integral in the development of a variety of businesses that have achieved success. Here are some examples of companies that have been started by young entrepreneurs:

  • Amazon
  • Google
  • Facebook
  • Apple
  • Spotify
  • Airbnb
  • Uber
  • Dropbox
  • Pinterest
  • Blizzard Entertainment
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Related Business Ideas

Below are some more business ideas you can epxplore as options.


Founder and CEO

I'm Nick, co-founder of, dedicated to helping aspiring entrepreneurs succeed. As a small business owner with over five years of experience, I have garnered valuable knowledge and insights across a diverse range of industries. My passion for entrepreneurship drives me to share my expertise with aspiring entrepreneurs, empowering them to turn their business dreams into reality.

Through meticulous research and firsthand experience, I uncover the essential steps, software, tools, and costs associated with launching and maintaining a successful business. By demystifying the complexities of entrepreneurship, I provide the guidance and support needed for others to embark on their journey with confidence.

From assessing market viability and formulating business plans to selecting the right technology and navigating the financial landscape, I am dedicated to helping fellow entrepreneurs overcome challenges and unlock their full potential. As a steadfast advocate for small business success, my mission is to pave the way for a new generation of innovative and driven entrepreneurs who are ready to make their mark on the world.