Although in some cases it’s a good idea to build up some experience and contacts before striking out on your own, sometimes a great idea and hard work is all you need for success. These teenage entrepreneurs are proof that it’s never too early to start your own business.
1. Ben Towers
Ben Towers, founder of Kent-based Towers Design, was a finalist in the 2014 Startups Awards, and his company is expected to turn over £500,000 in 2015. He started his business at the age of 13 after he spent two years working as a freelance web designer for family friends. His company, with a staff of 15, provides online services for small and medium businesses on a budget.
2. Nina Devani
Nina Devani established computer security software company DevaniSoft at the age of 14. The first app launched, Prompt Me Nina, provides username and password prompts without compromising account security. Nominated in 2014, Devani is the youngest person to date put forward for the NatWest Everywoman Awards. Her company has a staff of five and she works with 10 consultants.
3. Justin Bieber
You may be surprised to learn that Justin Bieber is a successful entrepreneur. In addition to his musical career, Bieber is an angel investor for technology startups, having made his first tech investment in 2009 and investing in numerous small companies, including Spotify and Shots, since. He has also launched clothing and fragrances. Although he is a millionaire entrepreneur, his humble beginnings as a YouTube star make him worth mentioning.
4. Nick D’Aloisio
Nick D’Aloisio, born and raised in London, invented a summarisation app, Summly, which he sold to Yahoo for $30 million in March 2013. This internet entrepreneur began coding at the age of 12 and received venture capital from a billionaire at the tender age of 15. He currently attends Oxford University.
5. Fraser Doherty
Edinburgh native Fraser Doherty established his SuperJam business at the age of 14, making jam from his grandmother’s recipe and selling it to delicatessens and at markets. He began supplying Waitrose in 2007 and now supplies more than 2,000 supermarkets worldwide. The company has won numerous awards, and Doherty has published several books. He is also the founder of Envelope Coffee and co-founder of Beer52.
6. Madison Robinson
At 15, American Madison Robinson launched her own line of flip-flops, FishFlops, featuring designs that appeal to teens. The response to her product was overwhelmingly positive, and her philanthropic and social media activities helped her brand and company grow. She soon diversified into clothing, accessories, and apps, and the company remains successful.
7. Dominic McVey
Londoner Dominic McVey started his first business at the age of 13 and was a millionaire by the age of 15. He imported micro-scooters from America—the favourable exchange rate meant that they were cheaper than the products available locally. At the age of 18, the Queen appointed him a ‘Pioneer for Britain in Entrepreneurism.’
If you have a great idea and the passion needed to make it work but you’re not sure whether now is the right time to start your own business, contact Business Owner Coaching for advice today.