In the past three years, more and more people have decided to risk it all to make it as an entrepreneur. The U.S. Small Business Administration reported that a record 5.5 million new business applications were filed in 2023 alone.
During the pandemic, with jobs moving fully remote and companies having no choice but to reduce their workforce, people realized it didn’t take going into an office every day to create income.
For Provo-based Tanner Yarro, the creation of his company happened all within the comfort of his own home. Yarro Studios sells gaming goods and allows Yarro to have a creative outlet and be his own boss.
“Once you taste the freedom of not having to work for somebody,” Yarro said, “I really think it's impossible to go back, how could someone go back to that?”
Utah was recently ranked as the ninth-best state for a budding entrepreneur to start a business. The Beehive state was placed as the second-best state for job creation, fifth for consumer spending growth and 13th for its corporate tax rate.