Ed Hardy and Kit Logan are prime examples of millennial entrepreneurs. At ages 16 and 17 they have created and developed a steady revenue stream based off of an app called “Edge.” This app is targeted towards skiers and snowboarders alike looking for what lift lines are busiest, how far and fast they are going, and the ability to compare speeds with others. This application is connected with Facebook and FourSquare, location based media tools, so skiers and snowboarders can connect with other users.

With this new technology, skiers and boarders can search which slopes are busiest, which lifts are backed up, and also what restaurants are locally available. Lift operators have said that this will aid them in being more efficient as they can use the GPS technology to track lift lines and slope traffic.

As an avid skier myself, I love the idea of being able to forecast which ski runs I should avoid while tracking my speeds and racing my brothers.

Hardy and Logan’s app has already launched in Apple’s app store and has attracted many investors, giving the company plenty of venture capital. Logan stated, “Once we have built enough users, the aim is to become the Waze of skiing.” These young entrepreneurs have clearly established themselves in the ski and snowboard market and are well on their way to entrepreneurial success.

Veronika Scott is a social entrepreneur at her core. While living in Detroit, she realized the astounding number of the population who were homeless. Roughly 20,000 people are homeless and living on the streets of Detroit currently. She began to recognize that many homeless shelters are overwhelmed and many are turned away. She thought to herself, “What can I do?”

Introducing: The Empowerment Plan. A humanitarian project which manufactures coats which are able to transform into sleeping bags, and hires homeless women as the seamstresses who build these coats. The coat is self-heated and waterproof, and the latest version has air-resistant polyethylene on the outer layer which acts as a barrier. The inside of the coat has a Thinsulate and Steelcase fabric to store a person’s body heat. This coat won an International Design Excellence Award from the Industrial Designers Society of America in 2011.

Ms. Scott said, “For revenue, I want to sell them online to individuals who can afford to buy them. Anyone purchasing the coat will automatically be given a second one that can be sent to various shelters and charities anywhere in the world.”

Her mission is to aid in rebuilding the lives of these people trapped in the cycle of homelessness and bring hope to a desolate area of Michigan. She possesses the drive to implement and continue to build this business on the basis of a nonprofit mission. Her passion to serve this often overlooked community is inspiring and encouraging.

Founded in 2010, BeachMint transformed the retail industry. Diego Bardakin and Josh Berman understood how to frame the unique problem of a lack of stylist options in retail and combined that issue with celebrity appeal.

BeachMint allows users to get personal recommendations for BeachMint’s exclusive merchandise. Merchandise within BeachMint include t-shirts, jewelry, skincare, and shoes. Each type of merchandise section relies on a celebrity designer. Some people connected presently with BeachMint include Kate Bosworth, the Olsen twins, Jessica Simpson, and Justin Timberlake. Users can go onto BeachMint’s website, and have a personal e-commerce shopping experience with celebrity endorsement.

These two young entrepreneurs realized the trick to creating a novel approach in the social commerce approach. What is very interesting and inspiring about these two is that they actually have no expertise in fashion or jewelry. By creating an extremely fresh and compelling website with a current twist of celebrity lines within the fashion industry, BeachMints skyrocketed. Bardakin and Berman raised more than $75 million in venture capital from only owning their company 4 years.

In the entrepreneurial field, it is critical to find out what people want, and give it to them. As simple as that. Berdakin and Berman recognized a problem and need in a niche retail industry, and became passionate about their solution. Their success does not define them, though. Their creativity and drive is what is inspiring and admirable for any young entrepreneur.