The best-known young entrepreneurs we can name were Mark Zuckerburg of Facebook and Microsoft’s Bill Gates, who became self-made billionaires at ages 23 and 21, respectively. However, this is a trend that is becoming more and more common.
It’s a prevalent fallacy (and perhaps an excuse for some) that successful entrepreneurship takes years of hard work, long hours, and vast experience to develop. However, an increasing number of aspiring young entrepreneurs are demonstrating that neither is necessary in order to launch a lucrative endeavour. Before they have even graduated high school, this burgeoning group of aspiring young entrepreneurs starts firms from their bedrooms. Consider Zoe Sugg, the founder of Summly, who at the age of 17 sold her news app to Yahoo for a cool $30 million. Check more small business news Australia here.
The British beauty blogger, who started her own YouTube channel in 2009 and now reportedly makes $100,000 per month, and after Australian entrepreneur, Melanie Perkin’s Journey From A Design Teacher To An Entrepreneur, a wave of the so-called “startup generation” has emerged, which has inspired many Australian small businesses. Rather than partaking in the usual teen activities, these young entrepreneurs are well on their way to earning their first million, demonstrating that there is no better time than the present to realize your entrepreneurial aspirations.
Being a free-thinking entrepreneur has many fantastic benefits, one of which is the ability to discover inspiration anywhere. Inspiration for a brilliant idea might strike anywhere and at any time, but it only succeeds if you’re paying attention and setting yourself up for success.
Similarly, 12-year-old “Bella Tipping” found out that hotels aren’t really kid-focused and primarily care about their adult guests when on a family vacation in the USA.
How It Started
In order to turn her entrepreneurial vision into a small business in Australia, Bella needed to locate a financier who would be open to seeing the possibilities in her business plan. Her parents agreed to invest $80,000 Australian dollars after she produced formal business plans that described the functioning of the website, who would be engaged, and an exit strategy in the event that her venture failed. Even though it wasn’t cheap to set Kidzcationz up, Bella wasn’t just given the money. She had to put in a lot of effort to win over her investors with her passion and commitment.
Bella’s Recent Interview
Describe Kidzcationz in your own words
Kidzcationz is a travel review website for kids. It’s a place where kids can share stories about their holidays and review hotels, restaurants, and attractions they have visited.
What encouraged you to start your own business?
I never considered myself an entrepreneur. In fact, at 11 years of age, I didn’t even know what an entrepreneur was. I just had an idea that I wanted to develop and did my best to make it happen. It wasn’t until the site was launched that I heard the word “entrepreneur” for the first time. I just considered myself a kid who wanted to help other kids and learn about business along the way.
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