
W
ho are America’s top young entrepreneurs? Where do they live? How
much money do they make? What products do they sell? These are just a few
of the questions YoungBiz magazine editors set out to answer in
searching for America’s Top 100 Young Entrepreneurs. The statistics,
trends, and reports collected during months of research are now being
released in our first annual Top 100 Report on Youth Entrepreneurship.
The YoungBiz Top 100 are very powerful and resourceful young
people who, combined, earned a total of almost $2.9 million in 1999. The
#1 winner, Anand Shimpi, reports almost $1 million in revenue, and our top
four winners all had six-figure incomes, averaging $432,500 each. The
overall average income for the entire list was over $28,000 per year.
Did everyone make that much money? No, but the statistics show that at
least 60% of our winners made well over minimum wage for every hour they
spent on their businesses. These and other statistics in our report prove
beyond any doubt that youth entrepreneurship is a wise investment and a
beneficial alternative to standard employment. Our conclusion? Young
entrepreneurs are winners!
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A cool new word to describe tomorrow's best and brightest teens in
business. An abbreviation of "entrepreneur," 'treps are
those whose
outlook and business-savvy are fresh, funky, and
financially rewarding. Variation: eTreps, those whose main
storefront is on the Net. |
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| #1 Anand Shimpi, 17, Anandtech.com, Raleigh, NC:
Read it here. |
| #2 Joshua Motta, 16, Net-Avenue.com, Olathe, KS: In 1997, Josh
began an online shopping mall at Net-Avenue.com, then began
Merchantfront.com, which helps online merchants set up an e-commerce site.
Since then, Josh has done work for companies like LeonARTo.com and
recently became the youngest person ever to be employed by Microsoft®. |
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#3 Brad Ogden, 17, Virtual Webpages, Detroit, MI: Brad Ogden is no
normal high-schooler. At 17, he owns and operates Virtual Webpages, a Web
design company based in Detroit, MI, that has an annual income of $540,000.
While he enjoys an occasional Friday night football game and loves
going to parties with friends, Brad spends most of his time in his home
office or with one of his numerous clients.
Brad has designed pages for many types of businesses, including a
tanning salon, a racecar driver, and a law firm. He has now become
interested in networking as well, which allows him to offer another
valuable service to his customers.
His pages tend to be heavy with graphics and photographs, but Brad says
this will pay off in the long run, for most businesses and now home
computer users are beginning to see the value in high-speed networks.
Several examples of Brad’s work are available to view at www.virtualwebpages.com.
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| #4 Will Thurston, 16,
Paybar.com, Sacramento, CA: Will began Paybar,
a small box featuring rotating advertisements in the corner of Web surfers’
screens. It allows advertisers to pay Will, who then pays users $1 for
each five and a half hours online. At $20, they receive their paycheck. |
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#5 Christopher Short, 17, C.S. International, Inc., Cape Creek, AZ:
Christopher publishes two community classified ad flyers, brokers print
jobs for area businesses, and is worth nearly $200,000 after four years in
his field.
The idea to publish an advertising flyer started when he and his
younger sister wanted to advertise their Red Cross-certified babysitting
skills. When their grandmother showed them a local flyer, Chris realized
the potential in having other people pay him to advertise. In their first
issue, Chris and Jennifer sold 11 ads at $9 each. Chris delivered the
flyers on his rollerblades to over 1,000 homes in their community and, the
second time around, their advertising and circulation doubled.
These days, The Rancho Review boasts 50-60 advertisers each month and
an estimated 11,500 readers and Chris plans to invest in his own printing
press.
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#6 Alex Rampell, 18, Rampell Software, Palm Beach, FL:
Alex Rampell
has a simple business philosophy: "If something annoys me, it
probably annoys others too. If I can fix the problem, I can sell the
solution."
That's the secret to the success of Rampell Software, a company Alex
formed in 1998 to create and market software solutions for annoying
business problems. In 1999, Rampell Software sold about $80,000 worth of
these programs to businesses and home computer users.
Alex, 18, is a freshman at Harvard University who began creating his
own games and programs by the fifth grade, selling a screen-saver he wrote
as shareware. Now, his most popular product is AlwaysONline, a program
that keeps America Online customers from being logged off due to
inactivity.
Customers can get information and download all of Alex's products from
his Website, www.rampell.com/software.
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| #7 Jennifer Ambrose, 12, Jenni’s CoolStuff, Great Falls, MT: To
help pay for her figure skating, Jenni launched www.jenniferambrose.com,
which sells Beanie Babies and prepaid phone cards. In 25 months, she
helped Amazon.com launch their auction site and has sold over 10,000
Beanies. |
| #8 Chad Hogan, 18, The PC Investigator, Mission Viejo, CA:
For two
years, Chad repaired computers for free, but has since expanded into a
business that nets over $50,000 annually. |
| #9 Cameron Johnson, 15, MyEZMail and
MyEZShop, Roanoke, VA: Cameron’s
online shopping mall has provided many users with hours of Internet
shopping fun. He has also constructed MyEZMail, an email forwarding
service which provides Web surfers with the privacy they need. |
| #10 Andre L. Harris, 18, Cliq Entertainment, Wilmington, DE: Andre
founded Cliq to help those starting entertainment careers. Today Cliq
includes a record label, event planning, promotions, and security and
Andre makes over $50,000 annually. |
| #11 Aaron Greenspan, 15, Think Computer, Shaker Heights, OH: Aaron
brought in $45,000 last year offering hardware and software repair and
training services to over 120 business and home computer users. |
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#12 Brian Schnerr, 17, Schnerr Enterprises, Inc., Trenton, NJ: Four
years ago, Brian was repairing a mower in his grandmother's backyard when
a neighbor appeared with another broken lawnmower. After fixing them both,
word quickly got around that Brian had a talent for repairing things. His
business was born.
It has now evolved to include small appliances and vacuum cleaner sales
and repair. Brian averages about 35 repairs a week, and, in 1998, Schnerr
Enterprises was New Jersey's largest volume sales dealer for Regina vacuum
cleaners.
Schnerr Enterprises employs three other workers two sales clerks
and an additional repairman. The shop is located in the basement of
Brian's grandmother's house, which has a separate entrance at ground
level. With only a year left in high school, though, plans for the future
have already begun and blueprints for a new building have been created.
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| #13 Melissa Sconyers, 16, Ativity.com, Austin, TX: Melissa
started her first business at the age of 10. She learned HTML almost
immediately and opened a design business called Ativity.com and now also
runs eBiz4Teens, which helps other teens set up e-commerce sites, with two
friends. |
| #14 Stephen Saine, 18, Saine Communications, Old Hickory, TN:
Stephen offers his customers services as diverse as Web design, hosting,
and consulting. He also co founded the online Christian music site,
ChristianSales.com. |
| #15 Andrew Schneider, 14, Mystifying Magic, Houston, TX: Andrew
markets his magic shows directly to children and, from 4-5 performances a
week, mostly at birthday parties and corporate events, makes up to $31,000
a year. |
| #16 Jonathan Mabry, 15, Princeton Lawn Care, Princeton, IL:
Offering services for mowing, snow and stump removal, tree and hedge
trimming, and hauling, Jonathan’s landscaping company handles over 60
yards each week during the summer. Since he started four years ago,
Jonathan has employed his brother and two friends to help with the
overload. |
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#17 Deanna & Jana Thies, 18 and 15, The Veggie
Patch, Glasgow, MO: Deanna started her business in 1996 as part of
an FFA business project. An avid gardener, she discovered an untapped
business opportunity in her own community. Deanna found two local senior
citizens with overgrown plots of land, then convinced them to let her grow
a garden in exchange for upkeep and a portion of her crops. Several of her
relatives also agreed to let her use some of their land.
Deanna eventually decided to grow 30-40 varieties of fruits and veggies
to sell at nearby farmer’s markets. In her second year, she accidentally
discovered a niche when she grew the Cucuzzi squash, which has gained a
loyal following in her town’s ethnic communities.
Her sister, Jana, joined the enterprise last year, its fourth year, and
business is thriving. They recently added a greenhouse and are planning to
buy more land and a cooling unit.
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| #18 Jasmine Jordan, 16, Tools for Living Magazine, Bronx, NY:
Jasmine’s magazine, which provides teens with information about looking
and acting professionally, started in March 1996. She now has a
circulation of approximately 25,000, and, from it, makes about $25,000 a
year. |
| #19 Matt Barnes, 18, Blue Ribbon Produce, Selmer, TN: Matt farms 40
acres and makes an average of $25,000 profit from a once-a-year harvest of
approximately 20,000 pumpkins. |
| #20 Brad
Hackleman, 18, SimplTech, Ventura, CA: Brad began
SimplTech to aid the fastest-growing market of computer users senior
citizens who often don’t know how to use new technology. He
generates a $21,000 annual income helping others. |
| #21 Amanda Lujan, 15, Rocky Mountain Horse Resort, Cleveland, NM:
Read it
here.
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#22 Mallory Gollick, 14, Mallory Gollick’s Jungle Beans, Denver,
CO: Upon visiting Costa Rica on a family vacation, Mallory struck a deal
with a young coffee shop owner. Coffee would soon be on the way to Mallory’s
hometown and Mallory Gollick’s Jungle Beans would become the local brew.
Soon, the Costa Rican coffee filled a room in Mallory’s house and she
was in business. Flyers were made to advertise her new venture,
word-of-mouth spread, and the business began to thrive. Mallory devotes
about an hour each day working at her business in addition to school and
sports.
Now that Jungle Beans has been operating for almost three years,
Mallory sells an average of 40 kilos of coffee per week, but has stopped
importing the beans from Costa Rica. Instead, she utilizes another local
coffee house called Café Cartago, which helps her keep costs down. All
profits from the business go to Mallory’s college savings account.
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| #23 Shea Allen, 13, Flyer Delivery Service, Destin, FL: Shea began
his flyer delivery business with the help of his younger brother nearly
four years ago and now their service delivers to about 2,000 homes each
week, and they occasionally assemble and distribute custom doorknob bags
featuring several businesses. |
| #24 Jay
Betancourt, 13, Pixbay Image Hosting Service, Hayward, CA:
Jay noticed the need for an online hosting service when auction sites like
eBay and Amazon.com began gaining popularity. He now also offers counters
for users’ auctions. |
| #25 Eryn Ozanne, 17, Clothes for the Soul, Binghamton, NY:
Eryn Ozanne had always had a talent for sewing and a flair for
style, but her idea blossomed into Clothes for the Soul two years
ago when she saw a far-too-expensive dress in a store. She realized
she could make a similar dress for much less, and the business was
born. Read
it here
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'Treps 26-50
Revised: August 18, 2003.
Copyright © 1998-2000 by YoungBiz.com.
All trademarks or product names mentioned herein are the property of their respective
owners.
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