Entrepreneurship is the engine that drives all prosperity in any market-based economy. Children, as the saying goes, are indeed our future. When you put the two of them together — children and entrepreneurship — you have a powerful combination. We’ll discuss that in our Thought of the Day. And later in our interview segment, we’ll hear from a very successful entrepreneur who was very young when she started, and still is! She is already an author and podcast host aside from her… regular job. That and more on today’s show.
Bob’s Thought of the Day
- Cameron Johnson was just nine years old when he started his first business, a greeting card company, with $50 and a home computer. At age eleven he started selling Beanie Babies on eBay, and by age thirteen he was the second-largest Beanie Baby retailer online, netting $50,000 that year. He made his first million before graduating from high school.
- When I spoke to a group of middle school students recently, I emphasized that making money isn’t the most important reason for starting a business. Rather, it’s knowing that you’re doing something productive, adding value to others, and creating good habits.
- It’s also an excellent way for a young person to develop skills and habits that will benefit the individual for a lifetime.
Interview with Gabrielle Jordan
- Gabrielle started her business at age seven. She had always loved her Mom’s jewelry, so she learned how to make jewelry from a YouTube tutorial, sought out suppliers on the internet, and began selling jewelry to other kids.
- Gabrielle is now fifteen years old and owner of Jewelz of Jordan. She is an author, speaker, frequent media guest, and co-founder of ExCEL Youth Mentoring Institute.
- A proper mindset is vital because that’s where your success begins. If you don’t have a strong mind, you won’t be successful and reach your goals.
- Even if you’re not in love with your product or service, you can still learn from the process and appreciate the opportunity to learn and grow.
- It’s important to create a business plan and establish your mission and goals. Every young person should have a plan for what they want to accomplish and how to get there.
- Beware of “dream killers,” people who believe you’re going to fail and will tear you down. When other try to kill your dreams with their words, you have the power to decide whether it means something and has any effect on you.
- Take the initiative to find role models and mentors. Don’t be afraid to ask others for help or tips. It’s up to you to find people who can help you.
- ExCel Youth Mentoring Institute
- The Making of a Young Entrepreneur