Youngsters applying business skills
4 Successful Entrepreneurs Still in High School
by Stacy Hilliard
How to Create an Outside Science Wall
Raising Creative Kids on a Budget
There's no way to deny that the business market is getting younger and younger. With a stagnant job market, outrageous education costs, and rising poverty numbers in this country, many teens and even pre-teens are discovering that you don't have to wait until graduation to take your future in your hands. USA Today estimates that over 400,000 young people, ages 16-24, are self-employed, a number which has risen by five percent in the last decade. The success stories behind some of the most successful entrepreneurs of the new millennium might make you feel unaccomplished, since many of them came up with winning business plans before they passed the tenth grade. Here are some recent examples of kids who are taking the market by storm.
1. Maddie Bradshaw
At the age of 10, Maddie Bradshaw was given 50 bottle caps by her uncle. She put magnets on them and used them to decorate her locker, which got the attention of her friends at school and inspired her to create Snap Caps, necklaces with bottle caps and metal pendants designed with initials, fairy tales, celebrities, and other things intended to reflect a young girl's individuality. She made her first million at age 13, and currently her necklaces are found in over 6,000 retail outlets. Now 16 years old, Maddie's company still rakes in $1.6 million a year.
2. Drew Scott
Drew Scott's business began with a YouTube channel dedicated to scrapbooking that he began at age 13. The channel reached 9,000 subscribers and nearly 2 million views, and it inspired him to start an online business called Scrappy Happiness. The website features lifestyle blogs, fashion and photography, craft products and DIY projects, and even scrapbooking lessons taught over Ustream. At age 17, he's getting ready to attend fashion school and making around $150,000. He plans to continue blogging and expanding his business during college.
3. Greyson MacLean
In 2010, nine-year-old Greyson MacLean was frustrated that the stickers that came with his Lego sets were permanent, and he couldn't change his mind about where to stick them. He founded BrickStix, a company that designs and creates removable stickers to decorate Legos and other building blocks. His family invested $20,000 in the business, and they made all of it back plus a hefty profit in just the first year. BrickStix are now sold in over 300 retail locations throughout the United States and Canada as well as online. Greyson is now 13 and wants to go to college for engineering.
4. Lizzie Marie Likness
Lizzie Marie asked her dad to help design her cooking website, Lizzie Cuisine, when she was only six years old. The videos she posted of her cooking healthy recipes led her to becoming a spokesperson for the American Heart Association, and she was asked to speak at events around the country. Now, at age 13, she intends to expand her brand to cookbooks and a line of cookware. She's starred in videos for WebMD's Fit Channel and hopes to have her own television show one day. That could be why the media has hailed her as the next generation's Rachael Ray.
These days, parents are embracing the idea that it's okay to teach your kids about money from a young age and encourage their ambitions. You never know when they'll come up with something that could spark a huge interest in the business market. The CEOs of the future could be heading straight from the playground to the boardroom.
Stacy Hilliard loves writing about entrepreneurs and how they developed their ideas into a reality. If you have ideas for business ventures get the training you need to succeed at Northeastern University with a MBA degree.
Share your thoughts about this article with the editor: Click Here
We're still paying off last Christmas and worry how we'll afford the holidays this year without charging it again! Tell us: Yes, we could use help getting out of the debt trap we're in! or No, debt is not a problem for us but I'm always looking for ways to trim my family's expenses further!
More Money-Saving Tips for Families
- Best September bargains for thrifty shoppers
- 5 big bills you can cut fast
- 5 frugal ways to expand your living space
- 4 steps to a simpler (and more frugal) life
- Selling kids clothes hassle free online
- Keeping kids' extra-curricular costs down with creative financing
- 5 financial tips for large families
- Raising a self-sufficient teen
- This week's Readers' Tips