Archive for Millennial Enrepreneuers – Page 11

Millionaire House Flipper

Akshay Ruparelia is just your regular 19 year old millionaire from North East London. While moving with his family, he found that commission rates that estate agents charge in London are outrageous, charging up to 2-3% for the sale. Ruparelia wanted to change this, so he did as any 19 year old would do, he made a website. His website, Doorsteps, only charges 99 pounds, compared to an average of 10,000 pounds for an estate agent. After just over a year, the website is now worth 12 million pounds, which is just incredible. His first sale came from someone who just stumbled upon the website in East Sussex, after proving the model worked, the same person sold more land through the website. In total, he has sold 1,500 homes for 120 million pounds, saving people over 1 million pounds in fees.

Ruparelia’s endeavor is definitely proof that there is opportunity everywhere around us. This website was founded simply by him getting an idea while moving houses. The cool thing about this is that it is not an original idea necessarily as there are already estate agents selling property, Ruparelia is just making the process better for the person selling the house. I tend to think that entrepreneurship is strictly creating something brand new that the world has never seen before, but that is not what it is all about as we can see with this story. Entrepreneurship can be making an already known process better, like selling houses in London.

Daniel Fine

Daniel Fine shows that no age is too young to start a business as he created four different companies by the time that he was in college. As a senior in college, Fine has been recognized for his great entrepreneurship by many outlets, including Forbes, TIME Magazine, The New York Times, and even the President of the United States by earning the President’s Volunteer Service Award. While Daniel Fine has made many impressive accomplishments in his young career, he continues to give back to the community in a way that he enjoys.

Daniel Fine started his professional career at seven years old when his brother Jake was diagnosed with Type 1 diabetes. Daniel realized that he could help to give back to the diabetes community by launching Team Brotherly Love, his first business. To this day, Team Brotherly Love has been very successful and has raised over two million dollars towards Type 1 diabetes research.

Fine later launched another company called Match Tutors in an attempt to provide innovation in the tutoring industry. He noticed that when a tutor and student had similar interest, the session usually yielded better results. He decided to create Match Tutors so that any student would be able to find their ideal tutor to “increase engagement and achieve greater results.”

Glass-U, one of Fine’s successful businesses, seeks to market fully foldable sunglasses in a unique way. Daniel Fine took a new perspective on the sunglass industry and created sunglasses that are fully foldable to be even more easily stored. Glass-U’s marketing technique is unique because it appeals to college students. Glass-U is licensed by many different colleges and universities and even extends to fraternities and sororities to make customized sunglasses. Glass-U has been featured in the Rose Bowl, Lalapalooza, and the FIFA World Cup.

Along with Team Brotherly Love, Daniel Fine also decided to give back to the diabetes community by creating his company Dosed. Dosed is a smartphone app that tracks the insulin dosage taken by a Type 1 diabetic. According to the Dosed website “Dosed improves patient compliance by providing direct access to data that can facilitate behavioral modification.”

Sources:

http://www.getdosed.com/

http://www.danielfine.com/

https://www.nytimes.com/2014/12/11/business/smallbusiness/daniel-fine-of-glass-u-decides-that-the-degree-matters.html

College No. Six figures YES!

What started as a plan to earn money for candy, turned into a 6 figure/ year income for a teenager from Colorado. RJ Duarte was 8 years only when he began his entrepreneurial journey, with a red wagon, a lawnmower, and 5 neighborhood clients RJ began his business. Over time the venture grew, and soon he had a whole trailer park worth of clients. At this point RJ could not keep up with the work on his own. That is when a friend named Owen Johnson became the second member of the workforce. Now on weekends RJ could do more work which increased his income.

For marketing RJ relied on a simple “word of mouth” technique to get new customers on board. And in 2014 the two decided they would take it to the next step and create a legitimate business. They named it GreenWorx. After the hire of another employee, and another big season coming up they decided to try a new marketing technique. After many failed attempts, their story was picked up by a local newsletter that was sent to over 19,000 residents in the area. Let us just say it was a good season for them after that!

By the end of 2016, Green Worx was 300% bigger than the year before. Going into 2017, Green Worx has expanded its team, adding two new labor consultants to help with increasing demand. At this point the two were making six figures a year and growing. After more than five years of working with Green Worx Landscaping, Owen decided to part ways with the company in order to go off to college, but RJ had other plans. He had built something far more than that young 8-year-old in need of candy ever imagined. He decided not to go to college and stuck with the business.

Now with four trucks, and fifteen employees during season the company is bringing in annual revenues close to $750,000/ yr. Thanks to his work ethic, and some strokes of luck, RJ has built a business that will support him for years to come.

ManCans! Manly scented candles

 

Another young entrepreneur out of Ohio is Hart Main. Hart Main is a 13-year old that came up with the idea of manly scented candles. “Why don’t people make candles with scents that everyone likes?” Hart Main asked, while smelling the overly perfumed candles his sister was selling for a school fundraiser, he thought about guys who did not want their bedrooms to smell like, lavender soap. Although his sister did not expect him to fully pursue the manly scented candles idea himself, he did, and the idea has turned into a nationwide success. But before this success, before the company started, Harts’ wheels began turning, and the entrepreneur in him began to come out. He saw the opportunity right under his nose, the young entrepreneur combined his passion for helping his community with his interest in making a different sect of candle by donating to local soup kitchens and using the empty cans to hold his extraordinary scents. Main put in an initial investment of $100, his parents put in $200, and they all worked together to develop the candles as a group. Hart and his family work together to craft these handmade soy-wax-blend candles that possess the kinds of familiar smells from around the house that no man (or woman) would turn their nose up at. Hart’s current candles includes scents like dirt, fresh cut grass, sawdust, campfire, pizza, and coffee, bacon, Grandpa’s Pipe, and more. Each comes individually packed in a gift box. Today, ManCans candles are in over 60 stores across the country and have sold about 9,000 units. Main looks forward to improving his business, as well as moving into other entrepreneurial ventures, “I like the fact that I have control over things and can make decisions and see what’s actually happening,” he says.

 

https://www.huffpost.com/entry/hart-main-mancans-13-year-old-entrepreneur_n_909300

How did you Blog today

Ever notice when going to post on this blog, “Millennial Entrepreneurs” for assignments, what you log in through. Well it is WordPress, founded by Matthew Mullenweg when he was in college in 2005. Today it is used as one of leading, and most successful websites to upload and create blogs worldwide. How ironic that the cite we use to talk about all the entrepreneur’s in the world, is one created by a millennial entrepreneur.

Like most college kids, Matt was struggling keeping up with his grades. He also didn’t feel he was in the right spot, and college wasn’t his thing.  So he wanted to vent those feelings to kids in the similar situation, but noticed there was no way to connect and do that. He did however, realize the World Wide Web was on the rise and the new place to be, so why not there. He created WordPress to connect with kids who didn’t “fit in/like” college and started a blog. Little did he know it would take off and blow up how it did. Today, there are about 60 million blogs on WordPress alone, one of which is ours. He saw a way to take venting and expressing his feelings to the next level. He knew, the only way to do it before was write it down, and save it and share with friend if you were brave enough. He wondered about making it better and in real time by allowing blogging to happen at your finger tips, and be published when you want.

WordPress and millennial entrepreneur is one thing I never expected them to go together. I never saw us talking about entrepreneurs and writing about their success and what they did, on their platform. It is a small word to say the least, and very ironic that it comes together how it does.

 

Airbnb

Airbnb, also called “Air Bed and Breakfast”, is a well-known company that allows people to rent out people’s living spaces to travelers. In 2007, two men, Joe Gebbia and Brian Chesky, founded Airbnb. The company started off an email, from Gebbia to Chesky, about a design conference convention happening in their town. Chesky and Gebbia were roommates in San Francisco and could not afford rent at their apartment. Gebbia knew hotels would be booked out for the convention and many designers would need a place to stay. He emailed Chesky and decided to create a space in their apartment for an air mattress, a small desk, wireless internet, and breakfast every morning. Two men and one woman paid $80 to sleep on an air mattress in Gebbia and Chesky’s apartment. After realizing how much potential this idea had, they welcomed their old roommate, Nathan Blecharczyk, into their business. That’s how airbedandbreakfast was born. After founding Air Bed and Breakfast, they tried to create Roommates.com but it was already founded by Bryan Peters. Air Bed and Breakfast was changed to Airbnb because people were confused with the air mattress concept.

In April 2009, they received a $600,000 seed investment to help build their company. In 2011, Airbnb was in 89 countries and surpassed 1 million nights booked. There were some downsides of people renting their houses or apartments to strangers. Some would come home to find their place trashed and have to clean up the mess. They implemented a coverage policy and a cleaning fee when booking a rental property. They provide rentals all over the world and have over 30,000 tiny houses, 5,000 castles, and 3,000 tree houses to rent. Who knew?!

Their multimillion-dollar business started from not being able to pay rent. They have transformed their business into letting others rent out their own apartments, townhouses, houses, etc. to strangers.

https://www.businessinsider.com/how-airbnb-was-founded-a-visual-history-2016-2#they-created-a-simple-site-airbedandbreakfastcom-bought-three-air-mattresses-and-arranged-them-in-their-loft-5

Cleveland Cornhole Co.

Cleveland Cornhole Company is a small business specializing in custom cornhole boards and rustic style furniture. Started by Chad Gerzeny a few years ago, as a way to make a little cash on the side, morphed into a legitimate business opportunity. These cornhole boards are high quality, and are highly customizable, they take him days to finish because of the intricacy that goes into each individual board. Currently the boards are made by Chad Gerzeny at his own house, but he plans to transition into a retail store within the next few years.

Growing up playing the game of cornhole was the true inspiration for Cleveland Cornhole Co. Initially Chad started with a single set of boards that he made for himself out of his garage. After enjoying the work so much on the first boards it began to feel almost therapeutic to him. As others saw the quality and craftsmanship of the boards, Chad began to receive individual orders from friends and family friends. As he graduated college and time went on he utilized social media to reach a broader market. And now he is at the point to where he cannot keep up with the orders because of his day job.

Cleveland Cornhole Co. also makes rustic household furniture, from coffee tables to farmhouse tables. Chad Gerzeny has made most of the furniture in his current home, and it will be interesting to see how moving into a retail store impacts his business.

Timothy Armoo – Fanbytes

Fanbytes CEO Timothy Armoo displays that in the world of entrepreneurship, age is truly just a number. He began his professional career at the age of fourteen by creating a tutoring company and later sold another media company at seventeen years old. Armoo’s experience in that company exposed him to various social media platforms and the advertising on them. This helped him to formulate a unique buisness idea: advertising on social media platforms.

Timothy Armoo created Fanbytes at the age of twenty years old with the intention to innovate upon the advertising industry. In an interview with Forbes, Armoo stated “for too long ads have represented an interruption or intrusion on our daily lives rather than a seamless part of them.” Fanbytes aims to target younger audiences by promoting advertising on social media platforms. They also use the popularity of social media influencers to enhance the effectiveness of their ads. When asked why he focuses on social media for his advertisements, Armoo stated “for me and my age group, our smartphones are where we get all our information, so deciding what industry I wanted to be in was a pretty easy decision.”

Socially Challenged: Timothy Armoo of Fanbytes on community engagement | The Drum

Timothy Armoo, CEO of Fanbytes

Fanbytes has been very successful at reaching younger audiences through social media. They currently advertise for large companies such as McDonald’s, Warner Brothers, Tidal, and more. Their primary areas of social media influence extend to Snapchat, Instagram, and most recently Tik Tok. Forbes shows that 60% of people skip native Snapchat advertisements. Fanbytes boasts a 90% completion rate when they are involved with Snapchat ads. Timothy Armoo said in an interview with Forbes that many companies are giving up on advertising in Snapchat while he sees opportunity in that area, simply stating “their mistake.” Fanbytes hopes to take on AR (Augmented Reality) in the future by aiding companies with advertising on the platform. Armoo finished his interview with Forbes by saying “we are a group of 19-22 year olds who are reversing the code of Snapchat and are building a large underbelly business on it.”

Sources:

https://fanbytes.co.uk/about-us/

https://www.forbes.com/sites/montymunford/2018/01/31/fanbytes-cracks-the-code-for-snapchat-ads-and-augmented-reality/#2c7c5c895f63

https://www.forbes.com/sites/edmundingham/2015/10/02/meet-the-millennials-at-fanbytes-redefining-how-brands-market-to-other-millennials/#1acefee172de

 

 

Dustin McBride – Zambikes

After a mission trip to Zambia, millennial entrepreneur, Dustin McBride, began brainstorming ways to meet a few critical needs that he experienced there: access to transportation as well as sustainable employment. This eventually lead to the formation of Zambikes, a company that builds and sells bikes in Lusaka, Zambia. This company meets the needs of many Zambians by providing job opportunities in an environment that encourages financial and personal development and by providing greater access to one of the most affordable and practical mode of transportation in Zambia.

McBride is driven by his love for God and his desire to serve Him by meeting the needs of others. This passion, along with the many entrepreneurial traits he displays, has allowed his company to be successful. McBride began by identifying a problem that Zambians were facing, and then addressing the problem in a way that appealed to the people’s needs. Then he took an idea that was already established and started innovating to develop new ideas. He noticed that the most common form of transportation among Zambians were bikes, because very few could afford cars. However, bikes were also in limited supply and many families did not have access to bikes. In addition, there was a great need for ways to transport goods to and from the market to sell, as well as ways to transport sick people to and from the medical center. With this in mind, McBride developed two bike attachments to meet these needs. One was a cart designed to haul goods and the other was a cart designed to carry people to and from the medical center. This is a great example of innovating a current product to better meet the needs of the people.

McBride is a unique example of an entrepreneur because he is not only in the business of improving a product, he is also in the business of improving lives. Zambikes improves the quality of life for Zambians by providing transportation that is less time consuming that walking, which allows them to be more productive with their time. It also allows for more direct access to health care by providing quick and safe transport. Most importantly, Zambikes provides vital employment opportunities to the community that go far beyond earning a respectable wage. The company empowers their employees by providing them with skills training, opportunities for advancement, an environment that encourages personal development as well as spiritual growth, and the ability to create sustainable businesses themselves. Zambikes is truly changing Africa one bike at a time!

Sources:

https://www.trendhunter.com/trends/dustin-mcbride

https://www.facebook.com/zambikes/

The Story of Joshua Dziabiak: Founder of Media Catch

A little history to his story:

Dziabiak was born in Freedom, Pennsylvania, in 1987. He lived on a 20-acre farm from where his parents ran their own septic-cleaning business.

Dziabiak was first introduced to technology when his family bought a computer when he was 12 years old. After this, he begged them to get Internet after one of his friends asked him if he had a website.

He left school during his freshman year of high school to further invest in his business, turning to home schooling where he taught himself using CD ROMs.

Media Catch Career:

Dziabiak began his entrepreneurial career at the age of 14. He used a dial-up connection to surf the Internet and designed his own personal website. When he was this young, most companies didn’t have Internet and didn’t know how to make a website to promote their business. He took advantage of this situation and started charging companies a couple hundred dollars for him to make a website for their organization.

This idea exploded by the time he turned 16 and made enough money that he could hire 14 full-time employees. He named the company Media Catch and got his name out into the business world.

This company was such a hit that he sold it for a million dollars, making him a millionaire before the age of 18.

He used the money from Media Catch to start some other companies, but the focus of this post is on Media Catch.

What makes Joshua Dziabiak different?:

Dziabiak is unique in the fact that he took advantage of the start of the Internet and created a company that was in high demand.

Dziabiak’s was interested in technology every since he was a kid and used this interest to drive him to create a million dollar company.

He took an idea that he had and acted on it, unlike most people who try to start their own company. Most people are afraid of failure which blocks them from some of their most creative ideas.

Dziabiak’s impact on me:

His story showed me that age is just a number when it comes to entrepreneurship. I, like many other people, have always thought of entrepreneurs as people who are older and more educated on business principles.

Dziabiak shows that a good idea can take you to many places if you are willing to put in the work and believe in your idea.