Small Business Startup News

Next Generation Of Entrepreneurs Already In Business

Written by Jenna Weiner
Published: 4/14/2010

Some of the nation's best young business owners could be the influential entrepreneurs of the near future.

Forbes magazine has profiled some of the country's top up-and-coming young entrepreneurs.

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The magazine points out that entrepreneurial kids have a number of advantages over earlier generations. The most obvious is access to the information available on the internet, but other factors, such as encouraging parents, also play a role.

The Network for Teaching Entrepreneurship is a nonprofit organization that educates kids from disadvantaged communities. Its founder, Steve J. Mariotti, says that the trend of very young people starting their own businesses is good, and necessary.

"To get out of the current financial situation," he told Forbes, "we have to significantly raise the start-up rate over the next 20 to 30 years. The government and large businesses alone won't be able to recreate wealth."

Among the young business owners profiled by the magazine are 13-year-old Jacob Cook from California, who owns a computer support company; 12-year-old Lane Sutton from Massachusetts, who started his own "Kid Critic" website; and 14-year-old Ali Broshar, who makes and sells her own jewelry.

The upswing for young small business owners is good news for entrepreneurs like 15-year old Shea Gouldd of Shea's Bakery in Florida. Gouldd was recently named the Young Woman Entrepreneur of the Year by the National Association of Women Business Owners in South Florida.

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