What are some good side hustles for young entrepreneurs?

Some of the highest paying side jobs are social media management, online tutoring, and personal training.

What percentage of new businesses fail?

Around 60% of small businesses fail within the first three years.

How do you start a new business?

Come up with a profitable business idea and draft a business plan

Final Word

According to a Small Business Trends survey — and countless leaders in the entrepreneurship sphere — the best way to learn about entrepreneurship is to start a business. Take your time to pick a business that’s both profitable and something you're passionate about, but once you’ve decided, get out of your head and take action.

Raising sufficient amount of funds is a crucial component of starting your own business. You might like to explore the most recommended startup business loans on our list to find out more.

Best Startup Business Loans

About the Author

Amalia Santa Maria

Amalia Santa Maria

Personal Finance Content Writer and Editor

Copywriter and content creator writing technical articles on finance that allow an average person to easily understand and connect with financial concepts.

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