Entrepreneurship has helped to make America what it is today. Between our many innovators who have helped transform our lives, to the freedoms we enjoy that allow for creativity and outspokenness, America has produced some of the most well recognized and successful thinkers, inventors, and business people.
You might be surprised to learn that 14% of the total working population in the U.S. are entrepreneurs who own and operate their own businesses. More interesting is that some of these folks were quite young when inspiration struck.
Below, we are going to look specifically at a few of these young entrepreneurs of America who found and followed their passion. Hopefully, by the end of this article, you will realize that you can do it too!
Evan Moana of the EvanTube channel on Youtube started reviewing toys in the fourth grade with the help of his parents. Now at the age of 14, he is one of the youngest millionaires on the video sharing platform. The success of his channel has also meant success for his parents and sister who also operate their own Youtube channels. Basically, he and his family saw something that was missing from the platform and created a solution to help give honest and fair reviews for what toys they should be considering, then used that success to find even more success. Smart move, Moana family.
At the age of 15, Catherine Cook, with the help of her brother, Dave, 17, came up for the idea of an online platform where people could share their school yearbook online. After securing money from their eldest sibling, MyYearBook.com got off the ground and running. At its peak, it had more than 3 million members and generated millions in revenue. Later, the website merged with another platform and became MeetMe.com. The Cook’s tapped into people’s nostalgia and took advantage of the interconnectedness of the internet to reconnect thousands of long-lost classmates and make money while doing it.
Mark Zuckerberg is one of the best known young entrepreneurs. Facebook.com, an online social media platform, was created by Zuckerberg at 19, along with his friends in his dormitory at Cambridge university. Zuckerberg left college after his sophomore year to work on Facebook full-time, and later took the company public in 2012. In many ways, Facebook and Zuckerberg built upon what other social media platforms were trying, but they found a way to do it better. Today the company is worth hundreds of billions of dollars.
In March of 2018, Forbes reported that Kylie Jenner was the world’s youngest self-made billionaire. Owed in large part to the success of her cosmetics line, Kylie Cosmetics, fame gained from the television show “Keeping Up With The Kardashians” and “Life of Kylie,” partnerships with major retail brands, her social media presences, and her own line of merchandise, Kylie has built a small business empire. In November of 2019, Kylie sold her a majority stake in her cosmetic line for $600 million; she will remain the face of the company moving forward. Kylie is a good example of how creating a successful social persona can be leveraged into success in business; make sure you know what your fans want, then go after that market.
From the age of 11, Mikaila Ulmer wanted to share her family’s lemonade recipe that is made using flaxseed and honey. So she founded the Me & the Bees Lemonade company. Thanks to investments from Shark Tank and NFL players, the company has expanded and is now sold in Whole Foods Market, restaurants, and other locations. Now 14, Mikaila Ulmer remains the CEO of her company while also attending school, and finding time for family and friends. Many people have found success in selling their family recipes at local markets, but Mukaila shows that with the backing, you can turn your product into something that reaches people across the country.
If you want to take control of your life, entrepreneurship is the way to go. Not everyone is lucky to get that spark of inspiration at such a young age, but you shouldn’t give up. It has been suggested that the best time to start a business, if not in your youth, is later in life. Being older is great because you have more life experience, and you may have fewer family obligations when your kids are out of the house.
So don’t fret if you haven’t achieved what you have wanted quite yet. There is still time to strike out on your own and find success.