Amazing Entrepreneurs Under 14

MainStreet

Not your grandfather's entrepreneur.

With the Internet bringing information to our fingertips anywhere at anytime, standing on the shoulders of giants has never been so easy. Instead of dusty libraries and ad hoc basement workshops, sites like Entrepreneur Connect, StartupNation and PartnerUp allow innovators to share information and collaborate on projects like never before. While creative types of all ages use these services, sites like Young Entrepreneur exist specifically for the younger generation of business owners looking to make it on their own.

More from MainStreet.com

The Best States to Start a Business

The Funniest Product Knockoffs

Success Story: Powermat CEO's Secrets

The result? Kid millionaires. Using computers and the Internet to research new ideas, develop prototypes and market products, a new generation of Web-savvy entrepreneurs is proving that young, creative minds can create smart, profitable businesses.

Nature vs. Nurture

Those who are uncomfortable with the idea of kids making a ton of money may be quick to dismiss the young entrepreneurs, arguing that it's just another example of parents living their dreams through their children. But while parents inevitably play a role in some areas -- arranging patents, incorporating businesses or providing the occasional seed funding -- they more often take the role of providing encouragement and assistance.

Popular Stories on Yahoo!:

In-Demand Jobs That Are Here to Stay

Grim Job Outlook for College Grads

Airline to Start Charging for Carry-Ons

More From Yahoo! Finance

The Self-Fulfilling Prophecy

One thing is certain: our society is fascinated with prodigies, and successful young entrepreneurs capture the attention of the public.

Interviews on TV news programs and profiles in major newspapers create buzz that often paves the way for more venture capital while at the same time generating a market for the product being featured.

Besides the desire to bet on a proven winner, young entrepreneurs are attractive to financiers precisely because their youth gives them an in with the hard-to-target teen and tween market. Investors are always chasing new markets, and it's no wonder that venture capitalists will take a risk on a young entrepreneur with a good idea.

The Next Generation

Neha Gupta

Leading off our overview of young entrepreneurs is Neha Gupta, a 13-year-old from Pennsylvania who started Empower Orphans when she was just 9 years old. Since then, the nonprofit has raised $30,000 for orphans in India thanks to Gupta's fundraising activities: selling handmade greeting cards and wine charms. With a goal of raising $20,000 in 2010, Gupta is well on her way to a successful career in philanthropy.

View gallery

.
samar.jpg/

©albany_tim

Anshul Samar

Silicon Valley has long been a seat of innovation, so it is only natural that one of the most successful child entrepreneurs hails from California's tech corridor. Anshul Samar, now 14, started a gaming company in 2008 to market a role-playing card game that teaches chemistry. After clearing $1 million in revenue in his first year, Samar won a $25,000 grant and is now working to raise $100,000 in venture capital for his company, Elementeo.

Remington Anne Smith

When 9-year-old Remington "Remmi" Anne Smith recognized the growing problem of childhood obesity, she decided to do something about it. Having always enjoyed cooking with her mother, she decided to create Cook Time With Remmi, a cooking show for children to teach them how to prepare simple and healthy meals. The show, which Remmi hosts alongside her mother, is being broadcast on local television, and discussions are underway to expand the program nationally.

Aitan Grossman

At 13 years old, Aitan Grossman takes climate change and the future of the planet very seriously. As evidence of this commitment, he founded the environmental nonprofit KidEarth to raise awareness of climate change. Key to his efforts is the song "100 Generations" that Grossman wrote and has since been used to promote environmental awareness. It has been distributed by school districts around the country and even the United Nations. Grossman donates all proceeds from sales of the song on Amazon.com and iTunes to environmental charities.

Leanna Archer

Leanna Archer, 13, decided to form her own beauty products company when she was 8 after receiving compliments on her hair, which she treated with a unique pomade that was passed down through her family. Today, Leanna's Inc. pulls in more than $180,000 a year selling a range of hair care and beauty products online and in salons around the country.

Anastasia Snyder

For 10-year-old Anastasia Snyder, knitting is more than a hobby. After a year perfecting her technique, the California native started a company, Lovin' It Loops, to sell her purses, cellphone socks and change purses. Priced at $10, $6 and $4 respectively, Snyder's products are featured in a local store and sold online.

View gallery

.
senechal.jpg/

©ginnerobot

Samantha Senechal

The idea for 10-year-old Samantha Senechal's business, Sammy's Dog Treats, came from where so many great ideas do: the library. After checking out a book on how to make biscuits for her Boston Terrier, Senechal started selling the treats to friends and family, and the operation now brings in more than $1,000 a month. With an almost $90,000 investment from her parents, Sammy's Dog Treats is poised to ramp up production significantly.

Making it Work

Kelly Reinhart

Our second group of entrepreneurs features young people a bit farther along the path to making a living out of entrepreneurship; they have capitalized on the ventures from their pre-teen years, and in some cases built business empires on them.

By age 10, Kelly Reinhart had invented her first product, sold her first company and started a nonprofit to teach entrepreneurship. Her design for the T-Pack, a variation on the fanny pack that is worn on the thigh, went on to sell for $1 million and her success inspired her to start the Kelly Reinhart Education Initiative to teach entrepreneurship to other children. Now 18, Reinhart writes children's books.

Ben Casnocha

Building on a technology class project that he developed at age 12, Ben Casnocha founded Comcate Inc., a software company that provides solutions to public agencies looking to improve customer service and increase staff efficiency. Now 19, Casnocha maintains a busy schedule lecturing on entrepreneurship at schools and organizations worldwide while he runs the company that now has annual revenues of $750,000.

Juliette Brindak

Making money was far from Juliette Brindak's mind when, at age 10, she started a Web site for tweenage girls aimed at building self-esteem and positivity. The site, Miss O and Friends, has risen to become one of the most popular Web sites for girls aged 8-14, with millions of unique visitors every month. Now 20, Brindak is a successful author and continues to run the site, valued at more than $15 million.

View gallery

.
gray.jpg/

©DrFarrahGray.com

Farrah Gray

It's hard to imagine being a millionaire at age 14, but that is exactly what Farrah Gray achieved after starting his own business selling homemade body lotion and bookends at age 6. The following years saw Gray embark on numerous ventures, both for profit and for charity, with success building on success. Now 24, Gray has his own real-estate brokerage, his own online magazine and publishing company and an impressive list of books he has authored on entrepreneurship and empowerment.

Abbey Fleck

An innovator in the purest sense, Abbey Fleck saw the need for a way to cook bacon in a more healthy way and at age 8 designed a product to do just that. The Makin' Bacon microwave bacon cooker was a smash hit, with an initial deal to sell in Wal-Mart stores across the country. Now in her 20s, Fleck still co-owns the company that brings in more than $1 million in revenue every year.

Suhas Gopinath

After starting a local discussion Web site in his native India, Suhas Gopinath came to the U.S. to start a company at age 14, because Indian law prevents minors from starting companies. Now 21, Globals Inc. employs 400 people in 11 offices around the world and produces Web sites and software for a variety of clients under Gopinath's leadership. Already a workaholic, Gopinath shows no signs of letting up in his quest to run a successful business.

Rates

View Comments (0)

Recommended for You

  • Tycoon buys 30 Rolls-Royces for Macau hotel

    A Hong Kong tycoon has placed the biggest ever order for Rolls-Royce cars, agreeing to buy 30 Phantoms to chauffeur guests at a luxury resort he's building in the global gambling capital of Macau. Stephen Hung's $20 million purchase surpasses the 14 Phantoms bought by Hong Kong's Peninsula Hotel in…

    Associated Press
  • Four Things That Can Send Your Resume to the Trash

    We asked recruiting managers and career experts about resume errors that cause them to crumple and toss a resume - their answers may surprise you.

    AdChoicesMonster.comSponsored
  • Tycoon's arrest sends shock wave through Russia

    Tycoon's arrest sends shock wave through Russia MOSCOW (AP) — The arrest of a Russian telecoms and oil tycoon has sent shock waves through the country's business community, with some fearing a return to the dark days of a decade ago, when the Kremlin asserted its power by imprisoning the country's…

    Associated Press
  • Before You Buy Alibaba, Check Out 4 Top China Stocks

    Before You Buy Alibaba, Check Out 4 Top China Stocks While investors gear up for Alibaba Group 's (BABA) hotly anticipated initial public offering, don't forget about other Chinese stocks that are worth keeping an eye on. Today's Young Guns Screen of

    Investor's Business Daily
  • As Fed takes baby steps, Cramer's trick for profit

    In turn, Cramer says making money in the market, involves looking at the environment through the lens of the Fed. "The trick is to remember that they speak for the common person," Cramer said. "The Fed wants the common person to make money." With that backdrop always in mind, Cramer says it becomes…

    CNBC
  • "The Retiree Next Door": How successful retirees stretch their savings

    "The Retiree Next Door": How successful retirees stretch their savingsBy the time she hit her late 40s, Toni Eugenia wasn’t sure she would ever be able to retire. Eugenia, 56, a pharmacy technician who lived in Houston, was nearly $200,000 in debt and

    Yahoo Finance
  • CNBC Anchor Calls Out Fed-Hater Bill Fleckenstein In Startling Shouting Match

    CNBC Bill Fleckenstein of Fleckenstein Capital appeared on CNBC's Futures Now program on Tuesday. Futures Now host Jackie DeAngelis came out swinging, asking Fleckenstein right at the top if he was willing to admit that he had misunderstood monetary policy. Sounding taken aback, Fleckenstein…

    Business Insider
  • Beanie Babies creator's sentence debated in court

    Beanie Babies creator's sentence debated in court CHICAGO (AP) — Federal prosecutors seeking to put the billionaire creator of Beanie Babies in prison for hiding millions in Swiss bank accounts told appellate court judges Wednesday that the toymaker's sentence of probation threatens to erode the…

    Associated Press
  • Fall means cool savings at Sears.com

    Save big on appliances, apparel, lawn and garden, tools and more. For fun in the sun or a project in the shade, start your search at Sears.

    AdChoicesSearsSponsored
  • Play

    Citi, Bank of America Offer Discounted Mortgages

    Citigroup and Bank of America will offer mortgages at discounted interest rates to help borrowers with low incomes or subprime credit. AnnaMaria Andriotis joins MoneyBeat. Photo: Getty.

    WSJ Live
  • Apple to unveil new iPads, operating system on Oct. 21 : report

    The company plans to unveil the sixth generation of its iPad and the third edition of the iPad mini, as well as its operating system OS X Yosemite, which has undergone a complete visual overhaul, the Internet news website said. Trudy Muller, a spokeswoman for Apple, declined to comment. The iPad is…

    Reuters
  • Margaritaville casino owners seek bankruptcy

    The owner of Biloxi's Margaritaville casino has filed for Chapter 11 bankruptcy protection Tuesday, only hours before a hearing where the landlord aimed to seize the property. The filing by MVB Holding LLC in U.S. Don Dornan, a lawyer for landlord Clay Point LLC, said the company had planned to ask…

    Associated Press
  • Embraer to sell 50 E-175 jets to Republic in $2.1 billion deal

    Brazil's Embraer SA, the world's third largest commercial planemaker, said on Wednesday it booked a firm order from U.S. The deal, which will be included in Embraer's order book for the third quarter, is valued at $2.1 billion, the planemaker said in a securities filing. The planes will be operated…

    Reuters
  • Gilead Stock Is Falling On These Drug Setbacks

    Gilead Stock Is Falling On These Drug Setbacks Gilead Sciences (GILD) shares are backsliding Wednesday on news that the patient drop-out rate for hepatitis C drug Sovaldi is quadruple that of clinical trials. In addition, the biotech's Phase 2 study results

    Investor's Business Daily
  • Here's What Mark Cuban Wishes He Knew About Money In His 20s

    Cuban is the owner of the Dallas Mavericks basketball team. Billionaire investor and entrepreneur Mark Cuban is generous with his advice. When we asked him what he wishes he'd known about money in his 20s, he said:

    Business Insider
  • Costco Stores in Canada to Stop Taking American Express

    “The credit card relationship between American Express and Costco Wholesale Canada will not be renewed when it expires” on Dec. 31, the company said today in an e-mail to Canadian customers. The message was attributed to Lorelle Gilpin, vice president of marketing and membership for Costco…

    Bloomberg
  • SHOE COMPANY: Our CEO Just Disappeared And Most Of The Money Is Gone

    "and like that: he's gone." This is an actual headline from a company press release: "CEO and COO disappeared, most of the company's cash missing." (Via FastFT) In a statement, German-based shoe company Ultrasonic said its CFO,  Chi Kwong Clifford Chan, has been unable to reach the company's CEO,…

    Business Insider
  • Billionaire Investor Says Chinese People Work Harder And Western Companies Could Face Deep Trouble After Alibaba IPO

    Michael Moritz, the chairman of VC firm Sequoia Capital, is a huge fan of Chinese internet companies and reiterated his enthusiasm for the Chinese market in an interview with The Wall Street Journal Wednesday. The billionaire investor described the Alibaba IPO as a “major landmark event” that is as…

    Business Insider
  • Play

    What the Fed Meeting Means for Bonds

    Janet Yellen & Co. are expected to hint at their timetable for raising interest rates. Here's how investors should prepare ahead of the meeting.

    WSJ Live
  • Top Analyst Upgrades and Downgrades: AEP, BHP, GE, Incyte, 3M, Tyco, Under Armour and More

    Top Analyst Upgrades and Downgrades: AEP, BHP, GE, Incyte, 3M, Tyco, Under Armour and More Stocks were firm on Wednesday morning ahead of the FOMC meeting outcome. Tuesday’s rally may have sparked higher interest again, and investors are looking for bargains

    24/7 Wall St.
  • 6 Things Debt Collectors Wish You Knew

    The work debt collectors do is not popular, and has become increasingly derided by those who don’t like what we do or simply don’t know the facts about debt collection. Too often, debt collection is painted with a broad brush to create a portrait that isn’t accurate, and doesn’t properly educate…

    Credit.com
  • American Express® Cards

    Earn Cash Back, Travel, or Points. Find the Card That's Right For You!

    AdChoicesAmerican Express®Sponsored
  • Boeing may have outfoxed Musk, but it could have bigger problems

    Elon Musk is arguably one of the greatest entrepreneurial minds of the 21st Century, but he was outsized an old school aerospace giant. Boeing won the bulk of NASA’s contract for a space taxi.  One of the other companies vying for the deal is SpaceX, the company headed by Tesla’s Musk, will get a…

    Talking Numbers