Starting a business
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‘Anyone can do it’: This 30-year-old quit her job for a side hustle that now brings in seven figures a year. Here’s how
Yahoo Finance· 2026-01-01 12:15
Company Overview - Jocelyn Elizabeth transformed a $5 church-sale lamp into a seven-figure business, founding Crazy Lamp Lady and NikNax, an online thrifting marketplace with over 5,000 sellers [1] - NikNax generated more than $5.2 million in revenue in the current year, with Elizabeth earning 5% of each sale, totaling $260,000 [2] - Elizabeth's YouTube channel contributed an additional $298,000 in ad revenue, and she currently employs two people and rents two commercial spaces [2] Industry Insights - There has been a surge in business applications in the U.S., with 16 million filed since 2021, indicating a growing entrepreneurial spirit [4] - The cost of starting a business varies significantly, ranging from $3,000 to $500,000 depending on the type and location, with online ventures typically costing between $3,000 and $10,000 [4] - Approximately 20% of new businesses fail within the first year, highlighting the financial risks associated with entrepreneurship [4]
Now is The Best Time to Start a Business: Herjavec
Yahoo Finance· 2025-09-26 23:45
Robert Herjavec, lead "Shark" and executive producer of ABC's Shark Tank, says now is the best time in history to start a business. He tells Romaine Bostick on "The Close" that the power of computing and AI has become one of the greatest enablers in history. He adds that the value proposition for entrepreneurs must be strong because starting a business has never been more accessible. ...