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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Entrepreneurship

Entrepreneurship

Promising Billionaires before the age of 25

Kenan Pala young entrepreneur- Image from facebook
Kenan Pala young entrepreneur- Image from facebook Kenan Pala young entrepreneur- Image from facebook

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Starting the entrepreneurship journey while young can be advantageous. Being financially free at the age of 25 is more than a blessing. We have many young entrepreneurs who own great companies. Before they attain the age of 25, some of them will be billionaires. Let’s look at the achievements of each  young entrepreneur:

Brandon Martinez, 15, and Sebastian Martinez, 13

In an interview with the entrepreneur, the two said they have always engaged in disagreements. Sebastian founded ‘Are you Kidding” with Brandon, his older brother. Coming up with a decision at a time is difficult. So on many occasions, all their ideas will add up before doing something.

Sebastian was obsessed with a patterned sock while still a kid. After finding boring socks in the market, he decided to put his hands-on practice. His mother was very supportive, so they decided to set up a small manufacturing company. His big brother became the sales director.

It’s through a complementary skill set that keeps the brothers working together. They have sold socks that have earned the company $1 million. Due to high demand, they moved their offices to larger areas to accommodate the pressure. The two brothers managed to make their way to Good Morning America. Last year, they decided to offer thousands of socks to charitable organizations.

Although at some point they regretted not having a contract with those charitable organizations. They complained because the board did not do as expected. So they urged any company with the need to help an organization to ensure they sign a contract before anything else.

They are still working on collaborating with retail partners. Brandon continued, “We want to make T-shirts, hats, shoes,”

Kenan Pala, 17

Kenan Pala was born with a kind heart. He has always been motivated by charitable work. He grew up in San Diego where he could attend beach cleanups. At times, he was chased out of such meetups. 

San Diego has many non-profitable charity organizations which have volunteered to help society. But when it comes to involving children, some organizations don’t like that. You must be above 18 else you get kicked out.

Out of curiosity, the generous boy founded Kids4Community. This was an organization that could allow kindhearted children with a motive to help get a chance to do so. He said all their meetups are open to any kind of person, however small you are. 

Through his brand, he had managed to collect almost $51 million from donations, charitable events, and grants. He has managed to engage more children to help with 5K runs, backup drives, and dinner services. Pala joined the college but still runs the organization.

He wants to hand over the organization to his 12-year-old brother, Aden. The younger brother is also passionate about the charitable organization. ‘He wants to focus more on setting up other companies after college graduation.

Riya Karumanchi, 18

The young entrepreneur was very eager to come up with better ways after seeing her friend’s grandmother guessing her ways to move to the house. The simple white and black cane did not have a great impact on visually impaired people. 

While in fourth grade, she taught herself how to code. This gave her a chance to compete in Toronto’s innovative programs for many years.

Although the white cane could notice objects on the ground, the twigs and branches were unidentified. Using ultrasonic sensors, she builds a smartCane that alerts the user of any obstacles near them through vibrations. The sensors are very accurate in identifying dangers, while the navigation system keeps a safe plot.

She gets help from four part-time employees. They have raised almost $85000 from Inertia Engineering, Arrow Electronics, and Microsoft. She has praised those tech companies for helping her achieve her goals.

For sure the Smartcane has managed to hit the market despite the effects of the pandemic. She said her focus is helping a billion people over earning billion dollars. 

Langston Whitlock, 19

The young opera singer and each master got an app idea while in a community outreach event. He learned about some problems that their community faced over a period. One veteran told them about the transport issue. It’s difficult for homeless people to make medical appointments due to this issue.

Two years later, Langstone and his friends decided to launch SafeTrip for elderly and homeless people. The ride-sharing app accommodates also caretakers, healthcare providers, and patients. You can book cheap transport mode anywhere. They accept almost all available insurance in the country. In 2019, the startup managed to earn an annual revenue totaling $3.4 million. They also raised $2 million to expand the business/

They have employed other ten board members with Whitlock being CIO and Jean serving as CEO. Langstone has a great bond with the rest because he is still a child.

In addition, he created a feeder program to help high school students to learn defensive driving. The young entrepreneur graduated in 2020 and now has plans to start another company. 

Sanil Chawla, 21

Chawla is the co-founder and CEO of Hack+. Sanil was interested in technology at a tender age. He learned a lot of programming techniques as a hobby. While in high school, he decided to launch a web development startup to monetize his skills. Since he was below 18 years old, Sanil could not get a bank account nor file any legal paperwork in case of any problem.

He dint give up, he researched other ways to cut a niche in the market. He fell on fiscal sponsorship. The young entrepreneur was supported by the organization for all his small projects. They also vowed to apply for any legal matters.

First, he came up with unique software for fiscal sponsorship. It was able to automate all paperwork and bring scalability to the company. Sanil continued to work with the company. He is currently a student at Southern California university. He set up a non-profit organization Hack+ which became a department in fiscal sponsorship. It offers free service to those young teenagers and students who come up with charitable organizations.

Together with his team of 12 members, Chawla has managed to help more than 926 students launch their small startups. In each startup, they always raise more than $1 million for pre-seed support. Hack+ is collaborating with Stripe Atlas to launch another comapny where they will support profitable startups.

R.J. Duarte, 21

After much effort in high school, he got a chance to join Colorado University but he declined. In an interview, he said College had no space in his life. At the time, Duarte was earning a lump sum of six-figure dollars. So, he decided to stick to his business.

When he was 8 years old, he worked in Golden Colo, cutting grass in the compounds for a smaller fees. He had motivation and energy. Every year as he grew older, he made sure his salary tripled. He joined the middle school and invited his friend to indulge in more work. They started a company called Green Worx. Years later, his partner joined college and life took another angle.

He decided to abandon the small clients to focus more on bigger opportunities. He rebranded the company as a Premium Landscape Maintenance Company. The young entrepreneur wanted more profit margins. But this meant many headaches. But nothing comes easy at long last.

Currently, the company has managed to employ 15 new board members. They have four tracks to help with manual work. His response about college is always funny. Most times, people question him about college, here is his response. “That’s the way society is: They want to hear about your degree, not your company.”

The company makes almost $750,000 annual revenue. 

Maya Penn, 21

While 8 years old, she talked to her mother about fashion and entrepreneurship. Her mother was ready to offer full support. “Figure out how to do that and what you need to accomplish that goal.” The positive response gave her motivation to work hard in school. 

She created scarves and headbands from old clothing from their homes. Through the family computer, she learned web development technologies. She developed an online website for selling her products. Currently, her fashion line, Maya’s Ideas has managed to employ 10 people. She serves customers around the world. Her first feedback from the sales was very crazy. It’s a good thing when people notice about you while still young. It keeps you moving.

Maya is now 20 years old. Over the years she has also managed to nature other talents within herself. Before the pandemic, she launched a non-profit organization, Maya’s Idea 4 the Planet. The organization distributes free sanitary items to ladies in third-world countries. 

At one point, she came up with a digital shortage to push the agenda in Congress to create a national women’s museum in Washington DC. Then, the idea brought up another, coming up with an animation studio.

The young entrepreneur has been praised by Oprah and managed to give three TED Talks. She also writes a lot. Maya is almost launching the second book of her life. 

Through engagement speaking and her business, she has earned more million dollars. Through angel investors, her company raised $500,000 to expand the various businesses. In a man’s speech, she advises people to put themselves first before any other, self-love.

It’s better to figure out why you were born. Self-identification will open many opportunities for you. She continued “You have to find ways to calm yourself. Take a walk. Read a book. Stay grounded. Taking care of yourself makes you a better entrepreneur.”

Erin Smith, 21

Erin Smith has had a passion for the healthcare industry since her childhood. The science enthusiast conducted many experiments in their home using the available resources. She built a diagnostic mode app known as FacePrint. The app can capture facial changes in patients to find out some disorders such as Parkinson’s. 

The algorithm developed has an accuracy of 88%. She has raised some financial capital from the Michael J.Fox foundation and other pharmaceutical companies. The FacePrint was approved by Stamford University and is ready to monitor and diagnose certain diseases.

Erin has high hopes that her business will hit the market in the coming two years. She has already set up the company but there are minor testings still ongoing.

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