3 Smart Business Ideas for Millennials

| May 12, 2017

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Millennials face financial barriers when trying to start a business, including higher student loan debt and lower starting wages than previous generations. These challenges, cited in a 2016 survey by business services firm EY and policy organization Economic Innovation Group, are making it difficult for young people to become entrepreneurs. Less than 2% of millennials were self-employed as of 2014, compared with 7.6% for Generation X and 8.3% for baby boomers, according to the U.S. Small Business Administration. But entrepreneurship is still possible for millennials, defined in this article as adults under 35: Here are three smart business ideas that match up well with the skills, interests and passions of many in this generation along with the experiences of a few who have used them successfully.

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