Archive for Millennial Enrepreneuers – Page 31

Chalk One Up

The issue of uniformity and compatible software has always been of relevance in education and in business alike. William Zhou, the creator of Chalk, invented an Office for teachers. It’s a suite of productivity apps for K-12 educators. Used in over 20,000 schools worldwide, Chalk.com solves the problems of lesson planning, assessment, and collaboration and eases teachers’ pain by facilitating personalized education and driving student success.

William Zhou, co-founder and CEO of Chalk.com, observes, “I had always thought that teaching is an easy job. I thought teachers taught from a textbook and got 3 months off in a year. It wasn’t until I visited my own high school teachers that I realized it’s not the case. They were struggling with an overwhelming amount of work—dealing with lesson planning, assessment, and attendance, in addition to fending off angry parents and bureaucratic administration. I told them I couldn’t help them with the latter two but I could help ease their daily tasks. That’s when I started Chalk.com.” Chalk.com is used in over 20,000 schools and has over 100,000 teachers and continues to rapidly expand throughout schools and administrations throughout the world.

At the young age of 23, William is just beginning his entrepreneurial career  and has already made it into the Forbes list of
30 under 30. His example of immigrant entrepreneurship is inspiring others from his homeland of China to journey to the United States in search of a better life, and a venue for their ideas and dreams. He hopes that one day his motherland will become just as friendly to new companies and ideas as the United States is.

Andrew Mason- Groupon!

Andrew Mason grew up in a family of entrepreneurs. His parents both owning their own business. Andrew seems to have inherited some of his parents genes, at age 15 he started a weekend bagel-delivery service called Bagel Express. He went on to found several more businesses until he hit an absolute gold mine. As he went on to co-found a massively successful business called groupon!

In 2008, Groupon was birthed out of a desire to improve to the concept of collective buying. Collective buying being- a practice in which a group of customers pledges to purchase a product from a vendor and the vendor in turn provides the product to the group at a reduced price. Mason starting the business with two partners. Mason became the company’s chief executive officer, while his partners took on other major roles in the company. By negotiating deep discounts on vendors’ products and services, Groupon sought to link vendors with new customers through its updated new day everyday deal for a spotlighted product or service as well as through other, less-prominent deals. Groupon has some amazing profit margins as it receives up to 50 percent of the retail value of the product or service. Which is pretty crazy.

 

After the  massive success story Groupon has been, in 2010 Google took notice and wanted to buy them! Offering an amazing 6 billion dollars! Mason and his partners turned down the deal ultimately to keep ownership and the business as independently owned. In June of 2011 Groupon went public.

Groupon is a great success story of a young millennial entrepreneur that saw a market gap and had the audacity to capitalize on it!

IdeaPaint

IdeaPaintLogo_4cIdeaPaint is a dry erase paint company that was founded in 2002 by John Goscha as a freshman at Babson College in Massachusetts. According Goscha and its other founders Andrew Foley and William Gioielli, IdeaPaint’s purpose is to inspire and encourage everyone in their creative potential through their primary product which can transform almost any smooth surface into an erasable canvas, giving people the space they need to fully explore their ideas.

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Back in their dorms at Babson College, these entrepreneurs would hang large sheets of paper on their walls to have a better space to think through their ideas. However, they would constantly have to tear it down and put more up every time they ran out of room and they thought, Surely there must be a better way. The team searched for this product but, to their surprise, they found nothing. So they set off on a six year journey to make this product commercially viable. Now they are widely successful and have been recognized by Mashable and Forbes. Goscha says “I look forward to the company bringing great products to market that inspire creativity and innovation in all of our customers for many years to come.”

Elliott Bisnow

 

 

Trying to become an entrepreneur may be difficult without having any idea what kind of product or service you would like to provide for people. To make things even more challenging, is not having anyone to collaborate with and or brainstorm ideas. Often doing so may even lead to even more ideas you didn’t even think of. Well Elliott Bisnow created an organization to do exactly these things.

Bisnow founded the company Summit, which is really more of a community than a company, that helps bring entrepreneurs, innovators, and thought leaders together in a collaboration rich environment. In which they can strive to make a positive impact on the world. Among these people are the World’s best nonprofit leaders, entrepreneurs, artists, scientists, athletes, and change makers.  All attendees are brought together through large scale annual events called the Summit Series.

Bisnow’s purpose for the Summit series is to create these environments that help immerse people in unique experiences that will result in long lasting relationships. Bisnow’s drive to use the power of collaboration for good is already starting to make an impact. The Summit series events have helped raise millions of dollars towards business, philanthropic, and environmental ventures.

Just two years ago Summit purchased Powder Mountain, which is located in Utah’s Northern mountain range, to create a permanent home for the Summit community. The Summit Powder Mountain community is a ski resort that will be the central site for all upcoming annual and year round events for the Summit Series.

Elliott Bisnow has created a service that will help the leaders around us to create positive growth.

 

SIRUM – “the Match.com for unused drugs”

Every year in the United States, $5 billion (yes, billion with a ‘b’!) of unused and unexpired prescription drugs are destroyed.  At the same time, 50 million Americans don’t refill their prescriptions because of the cost.  A group of Stanford graduates wanted to find a way to easily connect the surplus and the need.  In 2009, Kiah Williams, Adam Kircher, and George Wang created SIRUM (Supporting Initiatives to Redistribute Unused Medicine), a non-profit dedicated to deliver unused medicine to people in need.

SIRUM works in 4 easy steps.  SIRUM first gets companies and hospitals to stop destroying unused medicine.  This is fairly easy because the companies often have to spend a large amount of money to have the drugs destroyed.  Instead, donating the drugs is free and less of a hassle.  The company or hospital then enters the surplus via SIRUM’s technology.  The company packs up the unused medicine and adds a pre-paid shipping label.  SIRUM picks up the package the next day and distributes it to those in need.  The company or hospital is then able to track the package door-to-door.

This entire transaction is a win-win for everyone involved!  It is much easier and cheaper for hospitals or companies to donate the surplus medicine than to destroy it.  And people who need affordable or free medication can easily get it.  Like cofounder Kiah Williams said, SIRUM is “like the Match.com for unused drugs”.  SIRUM was able to meet the needs of two different groups, with no downside to either group.  To learn more about SIRUM, click here.

14 Year Old Draws Attention in the Real Estate Business

In September of 2011, Florida was in a catastrophic housing recession causing several homeowners to foreclose. With all the families moving out with no money to spend, houses were left empty at low prices waiting for a profit. March 2012, 14 at the time, Willow Tufano took up this opportunity and begins selling some of her belongings on Craigslist. After months of saving, Willow buys her first home for $12,000. She is not made of money, she simply took advantage of Florida’s weak market.

By October of that year Willow bought a two bedroom, one bath home for $17,500 to add to her investment portfolio. After she renovates her homes she rents them out to collect profit. She mentions in interviews that it is difficult for renters to take her seriously due to her age. She speaks of renters refusing to pay her and leaving with no warning in the middle of the night.

Willow has created quite a stir in the real estate market because she is so young and willing to take risks in an unpredictable business. The vulnerability of the market opened the door to Willow being successful at just 14.

Watch Willow on Ellen: https://youtu.be/GTTczC27fko

Clemence Wurtz

Clemence Wurtz is the co-founder and CEO of the new French startup SmartRent. Wurtz is a french millennial entrepreneur who has took the tech world by storm since 2013. At Start Up weekend in Paris in 2013, her name became known to the world as she beat out all 23 other tech-oriented companies at the age of 24!

Wurtz is not a fan of the current French culture. She is voicing for many old traditional ways to be done away with and a new process of thinking to be brought into the field to freshen things up. Starting with education, internships, and many other vital systems to a modern flourishing culture. Stating that many people in France are no longer seeking opportunity in the business world and have lost sight of believing in the possibilities that entrepreneurship brings.

Two quotes she has stated are absolutely great and love.

“Everything I do is about feeling.”

“I don’t know how other people just comply, comfort zones are boring, when you try and change something, you are alive.”

-Clemence Wurtz

Her business idea came to her when she was studying in New York City! When she returned to France, she immediately did a trial run and knew the future was in capitalizing the market in Paris. A apartment furnishing company for short-term apartment residents! Starting out in her parents garage, assembling and disassembling all the furniture herself. Her company is simply a service. You come to Paris to live, and need a place to live, with all furnished apartments expensive and out of most people’s price range. A complete hassle takes place as you are faced with a dilemma of only living there for a few months and a unfurnished apartment with no furniture, and in a short while being faced to sell and move it all out again.With SmartRent, use their service and select a package of your desire based on your space and other details and they will deliver and assemble it for you! When you leave, they will disassemble  and move it out for you! This company is simple and charges a simple monthly rental fee that in most cases only costs a monthly internet bill. Impressive and Ingenious Thinking!

Arjun Rai: Teen Battling Google

When we hear the word “Google” most people think of the monopoly that runs the internet. In a lot of cases this is true, they have complete dominance in the industry of web browsing and most of the advertising. Who would think that an 18 year might combat this multi-billion dollar company? Well, Arjun Rai did just that. After working with and becoming the COO of an online advertising company, Arjun had gained enough experience to start his own online advertising company. This business venture led him to create a company named odysseyAds. OdysseyAds is an online network with a focus on catering to 21st century marketer needs. As a young entrepreneur myself I find this story to be very inspiring just because of the fact that we do have people out there who aren’t afraid of these market dominating companies.

Mobile Monopoly

Adam Hortwitz, a 15 year-old high school sophomore, grew up in the Pacific Palisades and discovered a mean-spirited gossip blog that become extremely popular throughout his school and with his classmates. However, concerned parents took down the site only weeks after it was set up. Adam, being the clever young entrepreneur that he is, had a newfound desire to find online success in the world of business.

Adam’s started Urban Stomp, a website where he posted music and the locations of parties in the area he lived. He made a minor profit by selling clothes through affiliate links but this was just the start of his creativity in the online world. Adam proved too successful as Urban Stomp drove over 800 people to one party, which led him to shut down the site only 2 weeks after it kicked off.

Learning from these mistakes and taking inspiration from other, more positive sources, Adam now teaches people age 15 and older how to make money online. His online information courses, Mobile Monopoly and Cell Phone Treasure, teach readers how to use tools like cellphones to create a steady cash flow on your own time. Adam’s program has taught thousands how to turn their cellphones into a treasure that generates hundreds of dollars each and every day. In fact, his programs are so effective that each of these companies earn well over $200,000 a year in direct sales alone.

So for a kid that likes to play Call of Duty and ride a skateboard, Adam Horwitz is doing pretty well for himself. It just goes to show that anyone can be innovative their own way to be successful with the tools in our world today!

13-Year-Old Bow Tie Connoisseur

Mo's Bows
(Image from mosbowsmemphis.com)

I’ve loved Moziah Bridges ever since I saw him on Shark Tanka few years ago. He’s thirteen and he has his own bow tie company. He started it when he was nine under the supervision of his mom, Tramica. The thing I love most about his company is how cool the brand is. Everything about it, from the story to the bow tie designs to the way his website is set up, seems to flow together to form one coherent brand that is totally his own. He’s been successful, too. This year alone, he’s projected to make $250,000 in revenue. He sells mainly through his online store but has branched out into shops and boutiques across the United States, too.

I think his story is inspiring because he’s a perfect example that all you need to start a great company is a vision and a support system. He had no experience with the fashion industry when he got into it at nine years old, just a dream and a helpful mom. It’s grown into something huge, just because he had the courage to start.

Moziah still has a lot of dreams he’s chasing after. His goal is to be in college with his own clothing line by the time he’s 20. He also wants to get more involved with charities. Right now, he’s donating money from his business to help his local community center in Memphis.

I think Moziah’s story is fantastic. It’s a simple and classic example of what can happen when you have good intentions and a vision for where you want to go. We can all learn a lot from him.