From the monthly archives:

February 2010

Keith J. Davis Jr. grew up watching his father sell watches, clothing and anything else he could get his hands on.

Following his dad’s footsteps, ten-year-old Keith ventured to a wholesale market, where he bought a dozen hats at a few bucks a pop. He sold them all back for about $10 in profit each. Instead of being satisfied with his success, Keith kept selling: at school, he sold everything from Yu-Gi-Oh cards to magnetic earrings to bubble gum.

Today, Keith is 19 and he’s gone from his middle school’s ‘bubble gum man’ to a college freshman at the University of Houston and an entrepreneur of all trades. He somehow finds time to be a nationally known public speaker, actor, model, newspaper publisher, and author. His newspaper, Fyt Ya (renaming to Idealist Magazine), and his book, Young? So What!, are both aimed towards empowering young people to become successful entrepreneurs.

[click to continue…]

{ Comments on this entry are closed }

Every kid has started a lemonade stand. Usually it’s not front page news. But, at the age of four, Ben Weissenstein was featured on the cover of The Houston Chronicle, touting lemonade for 25 cents a cup. Ben only earned a few dollars that day, but he came away with a thirst for entrepreneurship that motivates him to this day.

When Ben was 14, he helped his mom with a garage sale. She suggested that he could help friends and neighbors sell and organize their extra junk. So Ben and his friend started a business. In a few years, Grand Slam Garage Sales had expanded to offer more services and employ over thirty part-time workers.

[click to continue…]

{ Comments on this entry are closed }

Mark Bao had his first encounter with entrepreneurship in the fifth grade. He used Visual Basic 6.0 to write a simple computer application that managed his homework assignments and helped him write school papers. Then he copied the program onto floppy discs and sold them to his friends.

His first start-up came in his first year of high school. Debateware.com was an event management system for debate organizations. Eventually, Mark and his business partner sold it to the largest debate organization in the United States.

Today Mark is a 17-year-old high school senior and he has already launched 11 web-based companies (and sold three of them) along with three non-profit foundations. Some of his projects include TickrTalk, the Ramamia Foundation, Classleaf, and Avecora – a technology network launching sometime in 2013.

[click to continue…]

{ Comments on this entry are closed }

Today, I am thrilled to present this guest post by Carol Topp, owner of Teens and Taxes. I always get asked the question, ‘how much do I need to pay in taxes?’ and I’ve never known the answer… Until now.

Did you earn money last year by running a business, babysitting, mowing grass or buying and selling on eBay? If so, you are probably going to have to pay taxes. Unfortunately the U.S. tax system doesn’t give tax breaks to young entrepreneurs.

Here you will find everything you need to know about taxes for a new business.

[click to continue…]

{ Comments on this entry are closed }