Teen Entrepreneurs | Part One

Teen Entrepreneurs | Part One
Watch the first segment in this series about teens who started their own businesses.

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32 thoughts on “Teen Entrepreneurs | Part One

  • December 30, 2012 at 9:57 pm
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    pt2 But in my line of Business, knowing about upcoming technology & huge websites like Google & Facebook isn’t really helpful at all. Perhaps as something additional I can invest for the fun of it. But then, look at Facebook, it became HUGE!!! And then just recently went Public like less than a year ago. Meaning you couldn’t invest if you wanted to. All you could do is know about it. So yeah.. depends.. I’m not into selling Technology products either. What do you do if you don’t mind me asking

  • January 1, 2013 at 12:42 am
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    1)
    Sorry my comment was not detailed enough.

    I did not mean to invest in the companies directly but to be aware of the tools that are available and the level of engineering that would all such systems.

    If you had of been aware of face in advance you could build apps for such a system that is the type of example I meant.

    Just to look ahead say to 2025 when there will be rapid manufacturing systems were shops and retailer can make product in store such as clothing like a wet suit to size.

  • January 1, 2013 at 12:46 am
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    2)

    I will make it more basic imagine you had an understanding of the engineering that would enable the internet and you planned ahead so that you use this medium.

    There are technologies coming around the corner that have already been engineered.

    “internet of things” will be a huge development were by physical object such as cars and household appliances will be networked to produce a grid.

    This is only the tip of the iceberg were 2 billion new people will be coming online by 2020.

  • January 1, 2013 at 9:41 am
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    hmm.. well the business of developing apps etc.. that is an industry that was impossible a few years ago, and like most things internet will all most likely be free apps at some point & be hard to profit from being an app developing company. Aim for things way more firm than Apps dude.. To Aim as high as to be in the Technology business, you have to hit it Hard dude! Be on point. Cause Technology moves so fast! Not even worth making commercials for the products cause how rapid the industry is

  • January 1, 2013 at 10:30 am
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    It only appear to fast and random if the underlying engineering mechanisms are not appreciated.

    For example how much computational power is needed for google to exist or what bandwidth levels are required for facebook to exist.

    It may seem random but it is quite mathematical. This does not mean you need to be an expert in mathematics but understand its applications.

    How computing power is required for driver-less cars or for internet TV take over standard broadcast.

  • January 1, 2013 at 10:35 am
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    These types of developments are not magic or anything.

    What will happen when rapid prototyping is available in shops to create custom clothing.

    What will happen when XBOX Kinect type sensors are used to measure peoples body for clothing all from there homes.

    What will these engineered systems enable business or people that see these development coming.

    What is your area of business.

  • January 1, 2013 at 12:21 pm
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    Wow! Never thought of that! I actually can’t wait for that Technology.. I hate shopping for clothes! haha.. However, that seems like such a BIG project, and such a Long shot, and so far down the line.. It’s also possible to do Business right here & now. And you don’t have to Invent anything in order to be in Business. And you don’t have to wait for any Technology to come out, or exist first etc.. True Entrepreneurship is taking advantage of present opportunities. What’s within arms distance now!

  • January 1, 2013 at 12:23 pm
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    What I just said in the previous comment are thoughts of my own. And they were confirmed when I heard an Entrepreneur speaking on stage. He said almost the same thing. Was recommending not to try to invent something, that’s way too risky, & so hard to do etc.. You can always sell a Product or Service that already exists. You don’t need to invent a product or Service in order to be in Business. You can later though! Once you have a business of selling something that already exists..

  • January 1, 2013 at 12:27 pm
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    pt3, Like I said before, you either sell Products or Services. I chose to sell Products. I don’t really want to get into the specifics of what it is I do.. for good reasons I’m sure you can imagine. To be Broad.. I started retailing product in a particular industry. And from there really grew to know & understand the industry & then started doing business in all kinds of different ways in the industry & it’s related industries. We Wholesale & Retail product. And I love it! Super fun & Exciting!

  • January 1, 2013 at 1:12 pm
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    There are high end bra shops in the UK that have laser scanners to measure women’s body shape.

    The way to look at it is there is hotel that is planned for 5 years down the line just prepare yourself and be the first of the line or get in when it make sense. But at the same time use the hotels that are available.

    Having pre knowledge of these systems can give a massive advantage on many levels and it can also mean that you can prepare your current business to be prepared.

  • January 1, 2013 at 1:15 pm
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    You are correct you do not need to wait but be prepared for the next radio, TV or internet.

    Do a simple study of the subject technology acceleration and this can give a massive advantage. This concept was used by google, facebook and twitter just to name a few.

    The were able to plan the types of services that they could offer before most people were aware.

    There are whole fields of computing coming down the line. Do a search on youtube for IBM watson to see future search engines.

  • January 1, 2013 at 1:20 pm
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    When I meant what area your business was in was it physical product sale face to face and are the objects easily sold online was my interest in knowing.

    My business is in analysis of technical systems and health care and I have a growth plan that will hopefully allow me to retire to Monaco in my 40s.

  • January 1, 2013 at 10:24 pm
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    Oh ok, the Wholesale customers usually call us and place their orders and order from us online, and email, and walk in. Retail is mostly all online. How old are you now? If you don’t mind me asking. That’s cool then! You know what you’re talking about.. There are different kinds of Entrepreneur’s.. There are those Silicone Valley types, that create Technology, Software, Electronics, lots are Billionaires. Those kinds I think are usually more smart engineers than they are Business People

  • January 1, 2013 at 10:26 pm
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    But I guess they are Engeneers in such a new field that it’s so hard not to create things that don’t already exist. And by default I guess they come up with inventions & ideas for inventions. And By Default I guess a lot of them see Going into business for themselves not only seems like the only way to follow through with that Awesome thing they created, but also a really cool option. Like Zuckerberg.. I don’t think he would have been an Entrepreneur no matter what..He just happened to create FB

  • January 1, 2013 at 11:42 pm
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    I am 39 year old.

    You are correct that some of the silicone valley types are more engineer who either have a very cleaver product or they team up with people to build their business.

    There are some then who are also entrepreneurs and they would have a limited technical understand.

    Having an overview of technology growth that ranges from communications, biotechnology, computing and other fields can give you an upper edge.

    what will driver-less cars do to transport and logistics.

  • January 2, 2013 at 3:08 am
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    haha good point! Welp, be sure to Practice! There is Theory & there is Practice. I Recommend a book called “You call the Shots” by Cameron Johnson. Great book! Read it. Make sure the Risks you take are “Calculated Risks.” Ones you are very confident in before taking them. There are lots of creative ways to get started, just make sure you do!Maybe more than half people that buy an Entrepreneurship book will even take any steps.A Group of 5 friends told me about Rich Dad Poor Dad, & none practiced

  • January 2, 2013 at 7:45 pm
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    I do not seem them as risks only.

    Nor do I just invest in a business with expectation of divides alone. Most of my investment I have a direct hand of management upon.

    Not all will succeed some have already failed by my success rate has allowed be to absorb these losses.

    The key is to understand when the engineering of such will be possible to include cost and technical ability to work. And then would be desire such.

    For example will driver-less cars be desired or personnel medicine.

  • January 2, 2013 at 7:57 pm
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    One field were there will be massive growth is personalized medicine.

    This a Guaranteed field of growth I have made small investments in this field and the risk is minimal.

    Personalized body scanners will also open up a massive field of business. The equipment needed to do this will be very cheap and will be on every Laptop or a plug in device. And every clothing shop will have this.

    Gearing business towards this at the right time will be cheap and market leading with minimal investment

  • January 3, 2013 at 8:46 am
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    Wow! haha I wish my friends knew this kinda stuff, would be cool to bring up over some BBQ haha.. That is interesting man! Look, you seem real smart. And you seem to also have that Business Gene, you’re probably more of that Professional you are than a Business Person which is why you took the path you’re on. You should read books & Biographies by people like you. Engineers & Experts that start their own Business. Bill Gates, Steve Jobs & maybe a good portion of Software companies

  • January 3, 2013 at 1:02 pm
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    I do the financial management for all of my business interests and I also have started Quite a few of my own business.

    I would consider my self an entrepreneur with a medical/science back ground.

    But belief is that people can gain a good science background with compromising their business interest.

    I do not read allot of business books or biographies but some of the people you have listed I will read about at some point.

    Do some research on technology trends and acceleration.

  • January 5, 2013 at 11:36 am
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    Man.. I’m so busy with what I do that I don’t really have the time to read about an industry that is way outside of the Industries I do business in. I need to use any free time I have on real life stuff like spend time with my Loved ones. Thank you though man! Cool talking to you!

  • January 10, 2013 at 3:42 pm
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    Not trying to convince you or anything.

    But beware that the technologies I have mentioned will impact upon all businesses and the people that are prepared and read to make the right choice will survive.

    There is a reason why the likes of kodak went into bankruptcy.

    Kodak invented the digital camera and that technology bankrupted them because they did not understand the speed at which the whole field developed at.

    Just a warning.

  • January 13, 2013 at 9:09 pm
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    hmm..Also just saying.. for Entrepreneurs like me, that are in fields other than Technology & Electronics field, I think we can just continue to focus on our Industry the way we do, dominate in our business etc.. and all these little changes can come & take place & we will still be doing what we do, just now there’s cool technology now too.. I think to know about them, have interest in them, and invest in them would be a side thing that one can do, but other business’s will be business as usual

  • January 17, 2013 at 3:29 pm
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    I am not saying that you need to go out and gain a PHD in engineering or anything to extreme.

    But more of an awareness of such technologies and there impact.

    Every business uses technology every product is actually technology of a form.

    There will be entrepreneurs that will use technology to get a head start on others.

    Every field of business will be effected by technology.

    It all depends as well on how far you want your business to go and how resilient it will be to change.

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