Archive for Youngest Entrepreneurs – Page 6

Mikaila Ulmer: Saving the bees one bottle at a time

Mikaila Ulmer brainstormed an idea for the Acton Children’s Business Fair and Austin’s Lemonade Day at the age of four. Her family encouraged her to enter the competition, but it wasn’t until a couple strange events occurred before an idea sprung into her mind. While brainstorming an idea, Mikaila was stung by a bee twice, and then her grandma sent a 1940’s cookbook with a special flax-seed lemonade recipe hidden amongst the abundant amount of recipes. It was at this moment that Mikaila decided to sell her grandmother’s lemonade recipe and donate a portion of the proceeds towards saving the honeybees. Mikaila sweetens her lemonade with local honey, which helps promote her efforts to protect honeybees. Mikaila has worked hard to understand the importance of honeybees, and now she works hard to make others aware of how the environment depends on the honeybees’ pollination process. When Mikaila isn’t selling her lemonade, she is leading workshops on how to save the honeybees. She is only fourteen, but she is determined to protect something she loves.

I am impressed by how Mikaila created something important to her at such a young age. Mikaila stumbled across the idea, but research and further thought helped shape the two occurrences that presented themselves into a successful innovative product. On her website, it shares the Mikaila is still developing and adapting her product, which is an example of the material learned in class. Even though one has a good idea, it may need adjusted in order to maintain success. Also, Mikaila used the support around her throughout this process. We learned that bouncing ideas off of other people can generate great success, and that is exactly what Mikaila did with her family. It was the help of those around her that helped create a successful business idea. Mikaila is a great example of a young entrepreneur, and it was cool to see how she created a product from two random events. All it takes is some creative thinking to combine everyday occurrences.

Candela Cosmetics

Erin Alessandra Jung is the 19-year-old mastermind behind the beauty brand “Candela Cosmetics” which is currently expanding from its flagship store in Singapore to the California market.

Erin’s passion for beauty and interest in makeup began when she was just 10 years old. She started a channel at this tender age, but even further challenged age expectations when she started her own cosmetics business at just 17. The inspiration for Erin’s brand was a simple one– personal motivation drove her to recognize and meet a gap in the market. Erin found herself disappointed by the lack of options for her own sensitive skin and decided to take a leap of faith and make her own product.
Erin faced a lot of backlash because of the fact that she was a young woman looking to make it big in the cutthroat world of entrepreneurship in the risky cosmetics market.
Despite everything against her, Erin seems learned on the ins and outs of starting a business– she learned the hard way that you cannot do everything yourself and now has learned to delegate.
She also offered advice to other young entrepreneurs starting out, “Don’t let your fear of failure hinder your progress!”
She is also a driven young woman outside of Candela Cosmetics, pursuing a bachelor’s degree in economics and chemistry. Erin’s determinism and ambition are inspiring to the typical college student– she does college while also helming a successful business!

References:
Article in Today Lifestyle, Elle

Candela Cosmetics Website

Article in the Singapore American School Paper

 

 

Hart Main – Man Can

In October of 2010, thirteen-year-old Hart Main loved teasing his sister over the “girly” scents of candles she was selling for a school fundraiser. Wanting to buy an expensive Trek bike, Main had the idea of starting a candle company that sold more “manly” scents. He bought the necessary supplies for $100, hoping to sell some candles to raise a meager $1200 to purchase his bike. Not only did Main have the idea of “manly” candles, he also decided to put the candles in “masculine” soup cans instead of the typical glass jars. Within one month, he had sold over 20,000 candles from his garage. Hart recalled the days when his house was covered in cans and candle wax.

Though the idea was very unique, Hart had a dilemma: he had way too much soup. In 2011, he decided to start donating the soup to food banks and homeless shelters in North and Central America. Furthermore, he then decided to donate $0.75 of every candle purchase to homeless shelters in Pennsylvania, Ohio, West Virginia, and Michigan.

What are some of the manly scents offered by Man Cans? “Fresh-Cut Grass,” “Campfire,” and “Bacon” are just a few of many manly scents sold by Man Cans. Main uses a team of perfumists in New Jersey to scent his candles. They collaborate and share samples with Main until the perfect scent is found.

What started as a means of acquiring some extra cash has morphed into a company that sells manly candles nationwide. Amazon and Barnes & Noble are just two of many major retailers that sell Man Can candles. Just a little joke about “girly” candles sparked (pun intended) an innovative idea to solve a simple problem: the need for the smell of bacon and two-stroke engines filling the air.

Lauren Bush: FEEDing Millions

Lauren Bush, granddaughter of former President George W. Bush, was born in Denver, Colorado but was raised in Houston, Texas. She grew up in the spotlight, earning an internship with the NBC sitcom, Friends, and modeling. After graduating from Princeton University with a B.A. in anthropology and a certificate in photography, she signed with Elite Model Management. Although she loves modeling and fashion, her heart was pulling her in a different direction.

At the age of 26, Lauren Bush launched FEED Projects, which is a social enterprise. Emerging after Lauren traveled the world with World Food Programme, FEED believes what people choose to buy has the power to change the world. FEED offers everything from accessories to home goods, while working directly with artisans to provide sustainable lives for the partnership and families.

As of October of 2017, FEED Projects has donated over 100 million meals through their sales and fundraisers. Through her work with FEED, Lauren Bush was the first National Lady Godiva Honoree and in 2013, she accepted the Advocacy Award from the World of Children Awards. She was also named Fortune‘s 2009 Most Powerful Women Entrepreneurs, the 2010 Accessories Council Humanitarian Award, 2011 Stevie Award for Best Non-Profit Executive, and named Forbes’ 30 Under 30 Social Entrepreneurs.

Lauren Bush has impacted lives worldwide; she understood not only how to directly help feed hungry children worldwide, but how to create jobs for artisan individuals to provide an income for them and their families. She took two causes that she felt passionate about and figured out how to provide for both of them within one business.

Many young women looking to make a difference in this world can look to Lauren Bush. While incorporating her passion for fashion and feeding the hungry, she has helped to change the lives of many while being an inspiration for young, loving entrepreneurs everywhere.

Quizlet- Andrew Sutherland

Have had a last-minute cram? Tried to Google answers to a quiz (not that any Grover would)? or Tried needed to make and catalog flash cards online?

At 15 years old Andrew Sutherland started Quizlet. This online, and now app-based, service allows students to create, share, and view series of flashcards. These cards can be grouped be class/course number as well as a general topic title. As the service has grown- several subscription services are available to both remove adds and not limit content. Sutherland furthered his education by attending MIT for three years. Sutherland dropped out to further his venture. Quizlet, now approaching 40 Million Users, raised $30 Million in it’s last round of financing.

The new ‘Quizlet Pro’ gives users unlimited access and storage for a fee of $20 a year. This platform continues to expand, now offering ‘Quizlet Full’ in seven languages.

I find this platform intriguing as, aside from serves, the company does not have large physical assets- rather, the information and content is created and cataloged by users themselves. This self-perpetuating model is scale-able and long-term, as the more users, the more content, more content means appealing to more users, so on and so forth.

 

 

 

Cory Nieves: Mr. Cory’s Cookies

Mr. Cory's Cookies

https://mrcoryscookies.com/

Cory Nieves is a started his business at 6 years old back in 2010. His business came about because he wanted to stop taking a school bus to school. Instead, he wanted to have his mother drive him. There was one problem Cory and his mother faced with what Cory had proposed; his mother did not have a car. Cory got creative and decided to raise money by selling hot chocolate in his hometown: Englewood, New Jersey. His mother Lisa kept encouraging him as she saw his drive to succeed in this business. She told him that he should continue selling his hot chocolate so that he may be able to go to college. Cory took those words to heart and then began to expand his business. He started selling lemonade and homemade cookies, which took months in order to learn.

Eventually, Cory and his mother Lisa found the perfect cookie and that launched his entire business to where it is today. Their pitch; all their cookies are all-natural and made from high-quality, ingredients. Cory and his mother have since expanded the line of cookies offered which now include Double Dark, Oatmeal Raisin, and Sugar cookies. They plan on making move kinds of cookies in order to reach a wider verity of customers.

Cory has been able to succeed due to his hard work, determination, and the help of quite a few other companies. This very impressive list includes Aetna, Barney’s, Bloomingdales, Citibank, J. Crew, Macy’s, MercedeCombo: 2 Dozen Cookiess-Benz, Pottery Barn, Ralph Lauren, TOMS, Viacom, Whole Foods, Williams-Sonoma and now our partner, Mr. Marcus Lemonis. However, Cory has not stopped there as he is also partnered with non-profit business such as Children’s Aid Society in New York City in order to help those less fortunate than himself. He is a true inspiration to entrepreneurs and people everywhere.

Kylie Jenner: The World’s Youngest Self-Made Billionaire

Kylie Jenner has become the youngest self-made billionaire in history at only 21 years old. She owns 100% of a cosmetics company that is worth over $900 million. Her self named company, Kylie Cosmetics, was started solely by her and defies all presuppositions of economic theory.

Jenner was born into fame by being a member of the Kardashian family and she used that platform to her advantage in her business ventures. When the family’s reality show, “Keeping up With the Kardashians”, first aired in 2007, Kylie was only 10 years old. As the show gained traction and Kylie got older, she grew more and more famous in the world of reality TV and social media. She used this following to jump start her cosmetic business at only 17 years old. She used a small sum of money she earned by modelling to pay a company to produce 15,000 lip kits and began selling them for $29. Her product was marketed through her social media accounts such as Twitter, Instagram, and Snapchat with hundreds of millions of combined followers. The start up costs were cheap and the marketing was free and she has since sold over $900 million worth of makeup and other products. She pays seven full-time and five part-time employees and outsources manufacturing and packaging. Between Kylie Cosmetics and other small business ventures, such as her clothing line with her sister, Kylie is worth well over $1 billion.  Although Kylie was famous just because of her name, her fortune is entirely self-made. She was not born into a family business, but she used her situation and the resources around her to launch a business idea and grew it into a nearly billion dollar company by herself.

Gladiator Lacrosse and Rachel Zietz

Rachel Zietz was only 13 years old when she created her company, Gladiator Lacrosse. While she had been playing she has found that her equipment was extremely expensive and not that durable. So she set out to do something about it. While attending the Young Entrepreneurs Academy in Boca Raton, Florida she pitched her idea of inexpensive and durable lacrosse gear to investors. She received $2,700 for the development of her idea! After her first year of being in business she achieved over $200,000 dollars in sales. And after two years, she had reached over $1 million in sales. This is an awesome idea in which I can very well relate too. I have been playing lacrosse for many years and one of the main barriers that stop new players from joining is the expensive price of lacrosse equipment. I hope that Gladiator Lacrosse can continue to help with taking down that barrier and inviting many new players into the sport.

Image result for gladiator lacrosse

Akshay Ruparelia

Akshay Ruparelia is an impressive 19 year old entrepreneur who has spent alot of time studying for his A-levels. He has accomplished a lot in his academic career but the real interesting thing about Akshay is he has done this studying while setting up a multi million dollar real estate company. At 19 he set up Doorsteps.co.uk which aims to revolutionize what he refers to as the “archaic and backwards” UK housing market by offering up to a 97% discount on home-selling. His passion began when he was young and had moved houses. He was disgusted by the absurdly high commission which real estate agents were charging for a very simple task.

His website cuts overheads massively, allows buyers to take more control of the process and involvement, including hosting viewings, and save money on what a typical agent would charge. Akshay charges £99 upfront and there is no commission on the sale of any properties made via the site. This idea came to Akshay before he was able to drive and he would get rides from his sisters boyfriend to visit properties. He plans to attend Oxford and before he was even a college student his company was valued at £12 million pounds.

 

 

Akshay Ruparelia Doorsteps.co.uk

Mr. Cory’s Cookies

Most of us think back to when we were six and we remember playing outside and just goofing around. Not Cory Nieves also known as “Mr. Cory”. At six he was dreaming of making the world better for everyone he knows. In 2010 he told his mother, Lisa, that he wanted to buy himself a car because he was sick of taking the bus to school. He said to raise money to buy the car he would sell hot cocoa in his neighborhood in the town of Englewood, New Jersey. After realizing that her son had extreme his dedication to his new business, Lisa encouraged him to continue his business and try to save enough money for college. So that’s what he did

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He expanded to selling lemonade and cookies alongside the hot cocoa per request from loyal customers. After trying to find the perfect recipe Cory and Lisa found it and took that recipe and made a whole variety of exciting flavors. There cookies are made with all-natural flavors for his health-conscious customers and include flavors like: Double Dark, Oatmeal Raisin, and Sugar. He has worked with companies like Aetna, Barney’s, Bloomingdales, Citibank, J. Crew, Macy’s, Mercedes-Benz, Pottery Barn, Ralph Lauren, TOMS, Viacom, Whole Foods, Williams-Sonoma and now our partner, Mr. Marcus Lemonis. Cory has a born intuition for entrepreneurial things. He plans to continue his business to save up for college and much more. I for one cannot wait to see where he goes!