Starting your own business can feel overwhelming, especially if you are young and just beginning to explore the professional world. You may have a groundbreaking idea, a passion to solve a problem, or a vision for change—but doubts and fears often get in the way. If you’ve ever thought, “I’m too young,” “I don’t know the market,” or “I don’t have enough resources,” you’re not alone. Many aspiring entrepreneurs share these same fears. The good news is, starting your own business is not about being fearless—it’s about learning, taking action, and growing through the process.
The Myths That Hold Young Entrepreneurs Back
Before you can take the leap, you need to recognize the myths that keep so many from starting their own business. One common misconception is that you need to know everything before you begin. The truth? No one starts with perfect knowledge, a flawless plan, or unlimited resources.
Think of it like learning to play the piano. You can study music theory for years, but until you sit down at the keyboard and practice, you won’t truly improve. In the same way, you can read hundreds of business books, but nothing replaces the experience of putting an idea into motion.
Many young adults delay action because they feel unprepared. But entrepreneurship is not about waiting for the “right moment.” It’s about creating opportunities and learning as you go.
Why Starting Your Own Business Matters for Young Adults
Research backs up the fact that young people are eager to pursue entrepreneurship. The Global Entrepreneurship Monitor (GEM) reports that people between 18 and 24 show some of the highest entrepreneurial intentions worldwide. In fact, 20% of them want to start businesses, and nearly 19% already have. However, the same group also faces high business closure rates, around 6.2%.
The European Union also found that while 46% of young people between 15 and 30 would consider starting their own business, only a small percentage actually take steps to make it happen. What’s stopping them? The main barriers include a lack of capital, fear of financial risk, and not knowing enough about business management.
Yet the desire is there. AXA UK’s research revealed that 60% of young people want to be their own boss by age 30. Clearly, the entrepreneurial spirit is alive. The challenge is moving from intention to action.
Taking the First Step Is the Hardest
The biggest hurdle in starting your own business is often the first step. Fear of failure can overshadow the excitement of building something new. But failure isn’t the end—it’s part of the learning process. Every successful entrepreneur has faced setbacks, mistakes, and uncertainties. The difference is that they kept going.
When you decide to take that first step, you begin a journey of growth. You’ll gain skills you can’t learn in a classroom: managing finances, building customer relationships, designing marketing strategies, and handling real-world problems. These challenges are not obstacles—they are the experiences that shape you into a stronger, more capable leader.
Lessons from Young Entrepreneurs
The best way to understand what’s possible is to look at people who have already walked the path. Gabriel Oliveira and Fernanda Ferreira are two young entrepreneurs who turned their passion into a thriving business. Together, they founded Aspas, a company that connects entrepreneurship and language learning.
Their early days were full of challenges—uncertainty about financial management, difficulties with marketing, and the struggle of finding customers. But instead of letting fear stop them, they pushed through. The lessons they learned during their time at Cumorah Academy gave them both the confidence and the tools they needed to keep going.
Their story highlights three key lessons:
- Overcoming Hesitation – The courage to take the first step is what separates dreamers from doers.
- Learning by Doing – Skills like finance, marketing, and customer relations only become real when you put them into practice.
- Perseverance Matters – Challenges are guaranteed, but resilience allows you to keep building despite setbacks.
Their journey shows that starting your own business doesn’t require perfection—it requires commitment, creativity, and the willingness to grow.
Building Skills That Lead to Success
If you want to take entrepreneurship seriously, you must recognize that it’s not only about having a good idea. It’s about developing the skills and mindset to bring that idea to life. That means:
- Understanding the market – Research your audience, competitors, and trends.
- Managing finances – Learn to budget, track expenses, and build sustainable revenue.
- Creating value – Your business must solve a real problem or meet a real need.
- Networking – Connections with mentors, peers, and professionals can open doors.
- Adapting to change – Flexibility allows you to pivot when the market shifts.
None of these skills is innate—you build them step by step by engaging with real-world experiences.
How Cumorah Academy Prepares Young Entrepreneurs
Starting your own business requires both knowledge and courage. At Cumorah Academy, young adults receive not only training in leadership, business, and communication but also the opportunity to put ideas into practice. Students don’t just learn theories; they test business models, build real ventures, and gain mentorship from professionals who have walked the same path.
That’s why so many alumni leave with more than just confidence—they leave with purpose. They’ve discovered that they are capable of much more than they believed, and they’ve learned to turn their vision into action. In fact, as of our last semester, 100% of our Business graduates had revenue in their business while still on campus.
Your Future Starts Now
If you’ve been waiting for the “perfect time” to start your business, let this be your reminder: the perfect time doesn’t exist. The most successful entrepreneurs are those who begin before they feel ready.
Your story is yours to write. Starting your own business is not just about making money—it’s about creating impact, shaping your future, and proving to yourself that you are capable of more than you imagined.
At Cumorah Academy, you’ll find the tools, training, and community that will support you every step of the way. You’ll learn to push past fear, develop practical skills, and build a business that reflects your vision.
Take the Leap
Don’t let fear or uncertainty hold you back. Starting your own business is challenging, but it is also one of the most rewarding decisions you can make. The lessons you learn, the resilience you build, and the impact you create will stay with you for a lifetime.
Are you ready to take control of your future? Join Cumorah Academy and start building the life you’ve always dreamed of.
Written by Fernando L. Ferreira Jr.
Supervision by Kamila Uberto Fullmer
