10+ Best & Profitable Young Entrepreneur Business Ideas [2023]

If you're looking to become a young entrepreneur and make your mark in 2023, here are 10+ of the most profitable business ideas to get you started. Discover what it takes to launch and succeed at your own entrepreneurial endeavor.

By Nick Cotter
Updated Feb 07, 2024

Image of young entrepreneur business ideas
This page may feature products from our affiliate partners, which could influence the products we discuss due to potential compensation. Despite this, our evaluations are impartial, based solely on our independent analysis. The content here is intended for informational purposes and should not be seen as legal advice. For professional guidance, consulting with a legal expert is recommended.
What are you waiting for?
Quit that job & start your business with ZenBusiness today.

Hey there, future moguls! Are you ready to take the entrepreneurial world by storm? As we step into 2023, the business landscape is ripe with opportunities for young, vibrant, and ambitious minds like yours. If you've been toying with the idea of starting your own venture but are unsure where to begin, don't worry. We've got you covered!

Remember, being an entrepreneur isn't just about making money. It's about passion, innovation, and making a difference. It's about turning dreams into reality and shaping the future. And guess what? The future is now! So, let's dive in, shall we?

Whether you're a college student, a fresh graduate, or a young professional looking to break free from the 9-5 grind, this article is for you. We've curated a list of over 10 profitable business ideas that are not only perfect for young entrepreneurs but also promise a high return on investment. So, buckle up and get ready to be inspired. Your journey to entrepreneurial success starts here!

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.
image of a Online Tutoring

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
Featured Business Formation Partners
image of ZenBusiness logo
Turn your business vision into reality with ZenBusiness's streamlined LLC formation and expert support services.
Newfoundrz Rating ★★★★★
image of Northwest Registered Agent logo
Northwest Registered Agent
Secure your business's future with Northwest Registered Agent's personalized LLC formation and privacy-focused expertise.
Newfoundrz Rating ★★★★★
image of Bizee logo
Kickstart your business effortlessly with Bizee's comprehensive LLC services and free first-year registered agent support.
Newfoundrz Rating ★★★★★

Examples of successful 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

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.

More resources:

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.

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

Related business ideas:

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.

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

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

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.

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.


Founder and CEO

I'm Nick, co-founder of newfoundr.com, 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.