At some point in our teenage life (if you aren’t still a teenager anyway), our minds wander through the planes of young age fortune. The imagination of becoming a 10-digit income-earner stirs our mind. The exhilarating aura of affording mega-superstar’s luxuries at the pubescent stage tops our thought.
However, living up to teenage fantasies of young wealth is nearly impossible.
Do you know why?
Because our parents are loyalists of societal norms. They’ve believed teenage is all about going to college, performing house routines and solely depending on them for financial resources.
Unfortunately, that’s what trended in the 20th century.That norm is gradually fading in this millennium age.
There is a collection of young chaps who ACTUALLY achieved fortune. Yea, they got it legitimately. They didn’t lose focus on other basic life goals while turning their nascent dreams into success stories.
Perhaps some business ideas have wormed its way into your mind, but the obstacle of risk, coupled with parental disapproval is derailing your astronomical train, then this article is for you.
Joining the teenage fortune bandwagon shouldn’t nerve your parent. Rather, it should form become a pride for them. Well, their opposite views may correlate with their limited knowledge of the business world. Then, you need to devour this content and share the good news with them.
Without further ado, let me introduce to you some of the most successful teenage entrepreneurs in the world.
A 14-year-old, whilst bored in his biology class designed a mobile game – impossible rush. Ben later showed the game to his online friend, an iOS engineer. Together, they whip up the game in a matter of hours and sold it to Carlos Fajardo who launched the game for them.
Shortly after the game got publish on US app store, it hooked many apps users’ attentions and peaked at number 16 on the US App Store; that ranking emanated from its huge number of downloads.
Ben later went on to release another game (Impossible Dial) as well as a social networking app for young people to engage in commerce (Flogg). He later dropped out of school and proceeded to co-found a video chat based app called Monkey.
Ben is currently 19 and now worth over $2 million.
Meet 19-year old Rachel Zietz.
Rachel founded Gladiator Lacrosse at the age of 12. The story of Rachel’s company stems from an intermingle of passion and disappointment. She’s an avid lacrosse player and young game evaluator. Her disappointed with the game quality, cost, and lack of selection of current product offerings was instructional to her business development.
The incidence spurred her on to develop a business model that would provide high-quality lacrosse equipment at affordable prices. Her model was a huge hit and she became the CEO of Gladiator.
By the time she was 15, her company was valued at $1million. Rachel is currently studying Economics at Princeton University. Smart move if you ask me.
The babysitting business has been in season for as long as anyone can remember. But what happens when you conjure up creative ways to link the city’s most fun and engaging sitters and match them to the homes that bond with their personalities? You get a company called Nannies by Noa.
Of course, Nannies by Noa was founded by Noa Mintz . The business evolved when Mintz was just 12 years old. Since then, Noa has been featured in a fleet of media broadcasts, publications, and conferences, all the while growing her company into a giant that dishes her 6 figure salaries every year.
Ever been stung by bees? Nasty feeling, right?
What did you do about it?
I’ll tell you what little mikaila did about it.
When she was little, Mikaila Ulmer received some nasty stings from a couple ‘ol bees. Apparently, this seemed to upset little Mikaila and she developed some fear for them.
Her parents, however, told her that rather than freaking out every time she saw a bee, she should do some research to better understand bees and their effects on the environment.
Fast forward a few years and Mikaila is the CEO of ME & THE BEES LEMONADE, a company that infuses lemonade and honey.
Mikaila went from being scared of bees to giving 10% of her profits towards their conversation.
Running a company at 13 is not easy. That’s why her parents help her manage it most of the time.
That’s a good setup to have seeing as little Mikaila can’t afford to run her company and flunk out of school. OR can she?
Introducing Middle man Benjamin Kapelushnik, or Benjamin Kickz. Benjamin is a 19-year-old entrepreneur who resells sneakers through social media and his website.
At first glance, his entrepreneurship acumen doesn’t seem so impressive. I mean, anyone can sell sneaks, right?
However, considering the fact that most of his clients are celebrities (the likes of DJ Khaled and many others), you’ll find that Benjamin really earned his Sneaker Don nickname.
Benjamin essentially acquires coveted and rare sneakers and sells them to high-profile clients. He is currently estimated to be worth over $1 million.
Rose Dyson hit a crossroads a couple of months ago. While her friends packed their bags and left Barnsley, South Yorkshire, for the top academic institutions in the country, Rose had a different idea brewing.
On top her full time studies, Rose Dyson runs her beauty product business, Pure Cosmetics. The business evolved when she was 15.
Her idea? Make quality, ethical beauty products at affordable prices that anyone, irrespective of age, could afford.
Rose began with lip balm, and since then has recorded huge progress in her enterprise, so much so that she was recognized by TransferWise as one of their “20 under 20” (Britain’s 20 most promising young entrepreneurs), and awarded a whopping 10,000 pounds to invest in her business.
At the age of 11, Ben Towers was challenged by a family friend to whip up a website.At the time, this seemed impossible as he had no idea how websites worked not to talk about building one.
He did, however, have the internet, and consequently used YouTube as his learning resource.He succeeded in building the site and was given 50 pounds as appreciation for the work he had done.This incentive led him to find more ways to build websites for money.
By 13, Ben created Towers Design. Initially, he built websites for clients, but as the business grew, Ben began to outsource projects to freelancers.
Ultimately, Towers Design got so big that Ben began employing these freelancers and the rest they say is history. Now 20, Ben is a widely recognized ambassador, speaker, investor, and widely regarded as one of the most prominent entrepreneurs in the world.
Although no longer a teenager, Christian Owens exemplifies rare teenage entrepreneurial success.
When Christian was 14, he launched his first software company (Mac box Bundle), which in a matter of months, started raking in revenue streams exceeding the $1 million mark.
At age 16, he dropped out of school to focus on business startups and got involved sounding Branchr, an advertising pay-per-click company which turned out to be a massive hit.
At the time, Branchr distributed 300 million ads per month on over 175,000 websites, raking in 500,000 pounds in its first year.
Now, Christian manages his software company Paddle, which is reported to be worth in excess of 100 million pounds.
- NICHOLAS D’ALOISIO
Nicholas D’Aloisio is a British computer programmer and internet entrepreneur.
He is the founder of Summly, a mobile app which automatically summarizes news articles and other related material. The mobile app was acquired by Yahoo for a whopping $30 million.
Nicholas was just 15 at the time and became the youngest person ever to receive a round of venture capital in technology.
Currently, Nicholas is the CEO and founder of a startup called Sphere, which has raised in excess of $30 million till date. He balances his entrepreneurial acumen with his Philosophical studies at Oxford University.
Little Moziah isn’t even a teenager yet, but his business is already worth over $150,000.
At the age of 9, Moziah Bridges started Mo’s Bows, born out of his immense love for bow ties and his dissatisfaction with the selection available for kids his age.
His Grandmother proceeded to teach him how to sew by hand and how to use the sewing machine, using scraps to create beautiful pieces of his favorite neckwear.
Within a few months, Moziah’s bows began to gain some traction and he began to expand his range of bowties to cover a range of trends.
Soon Moziah was raking in orders from Facebook and selling on his own Etsy Store. Now little Mozia is 12 and running a company that employs 5 people (including his mother and grandma) and garners revenues exceeding 6 figures.
The stories of these young entrepreneurs push the barriers of what’s possible. There’s a pattern in the young success stories that’s worth noticing, however. They had a passion and recognized a lack. They then took tangible steps to exploit these lacks, intertwine them with their passions, and then create their business models around these. These little teenage stories are exemplary of tenacity, risk, and determination: some of the winning recipes to succeed as an entrepreneur. I hope these young stories motivate someone to take make that plunge and take that step today. You never know how far a step can take you.
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