3 entrepreneurs who built multibillion-dollar brands share their best business advice for new graduates

Many young people want to start their own business one day.Getty Images

• College and university graduation ceremonies took place across the United States this spring.
• Prominent leaders, including entrepreneurs, were invited to give commencement speeches to graduates.

As millions of college students graduate this month, many are considering starting businesses instead of entering the workforce.

After all, there's been a record number of new businesses—about 9.8 million—started in the last two years, according to US Census Data. Additionally, entrepreneurship experts say the Class of 2022 is graduating at one of the best times to start a business.

"Just as you are entering the world, our world is reentering history," said Daniel Lubetzky, the founder of Kind Snacks, who gave the commencement address at High Point University in North Carolina on May 7. "And you can help write its most epic chapter."

Lubetzky was among the leading entrepreneurs who gave commencement speeches this graduation season. Here's their advice for young business owners entering a new phase of their lives.