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Young Entrepreneur Series – Explorer Gloves

Nathaniel Tung was 10 years old when Explorer Gloves was invented. Nathan was a kid inventor in the Wild Planet Kid Inventor Challenge contest. He invented Explorer’s Gloves which consist of six tools; a compass, signal lights, a watch and other handy accessories. Gap Kids was so impressed with Nathan’s gloves that they created a partnership with Wild Planet for Nathan’s products and sold them attached to a light-weight jacket.

“I invented the Explorer’s Gloves because I enjoy playing with gadgets and wanted one easy way to carry them all,” explained Nathan.

Though Wild Planet manufactures several kid-invented toys, the Explorer’s Gloves are the first kid-created item the company is offering through an exclusive retail partnership and the first kid-invented product to be sold at GapKids stores. (An awesome achievement!)

Nathaniel was able to make a change in a large, well-known clothing company. Where can you leave your mark? Go to www.smckids.com/learnandearn for some great business tips from Warren Buffet.

Young Entrepreneur Series – GlobalTek Solutions Inc.

Shazad Mohamed was 12 years old when GlobalTek Solutions Inc. was invented. Shazad Mohamed first sat in front of a computer at age 3. At 8, he started to really focus his attention on computers, and at 12, he founded his company, GlobalTek Solutions Inc., an e-business solutions provider in Carrollton, Texas.

This business-savvy teen set up shop in 1999 and now expects several million in sales for 2002. With all this success under his belt, Mohamed has no intention of slowing down. Currently seeking venture funding to expand his service offering, he wants to turn GlobalTek Solutions into a multibillion-dollar company in the next decade. He also plans on obtaining an MBA from Harvard.

Take a look at what he had to say in this interview.

Q: What does GlobalTek do?

A: We provide software solutions for the healthcare industry, for patient charts, prescriptions or management of patient information. We deliver solutions essential to help healthcare companies automate, digitise and manage their patient information and their prescriptions.

Q: What inspired you to start GlobalTek, and what were your initial concerns, especially as a minor?

A: Obviously at 12, you’re going to be hampered by legal issues. My parents had to take over signing contracts and cheques. Other than that, I really didn’t face that many obstacles. I largely focused on merit, and tried to convince clients that our company would provide the best solution at the best price.

Q: As a 12-year-old, you must have faced scepticism over your professional abilities?

A: No, not personally. In fact, people were very interested in engaging with GlobalTek, perhaps because they saw in me a fresh perspective on technology and innovative solutions. I was coming from a background where I had no bias nor slant on anything. That may also have translated into an advantage for our customers. My age may not have been a help, but it was certainly not a barrier.

Read More

If you’ve got a great idea for a business or you know a kid with great ideas, get involved with the Secret Millionaires Club Grow Your Own Challenge. Visit www.smckids.com/learnandearn to learn more.

What do you think is Shazad’s greatest contribution through his company?

Check back soon – the Semifinalists will be announced shortly!

Young Entrepreneur Series – Elemento

8th grade entrepreneur Anshul Samar began his entrepreneurial career by seeking an alternative to boring study. He created Elementeo, a card game based on chemical elements in which players battle to reduce their opponents’ electrons (and ultimately their in-game IQ) to zero.

“Entrepreneurship is cool, and so is chemistry! Both are full of actions, reactions, explosions, experiments, and most importantly, they both give the joy and excitement of creating something new!” says Anshul of his Elementeo game and of his passion for entrepreneurship.

Samar started his company with a $500 grant from the California Association of the Gifted. By founding and becoming the CEO of Alchemist Empire Inc., Samar has already fulfilled his 4th grade dream of becoming a CEO of his own business.

When he is not working on his business, Anshul chats up venture capitalists and lawyers, talks to parents and teachers, gives presentations at conferences, talks to the media, and, of course, finishes his homework.

You can read more about Anshul in his New York Times article – and if he inspires you to build your own business, we’d love to see you enter the Secret Millionaires Club “Grow Your Own Business” competition.

Young Entrepreneur Series – The Victorian Hands Foundation

Nadia Campbell founded the Victorian Hands Foundation when she was 18 in memory of her late aunt, Victoria. After watching a television special on elder abuse, she decided that she wanted to help the seniors in her community.

The organization teaches volunteers how to properly interact with the older population, by familiarizing them with current issues, “terms to know” and role playing.  TVHF volunteers visit and spend time with residents of nursing homes.

Through the organization, youth volunteers work to make seniors feel loved and appreciated through programs like “Adopt a Grandparent.” The program has made a tremendous impact on a lot of people.

Nadia saw a problem and looked for a way to solve it. You can do it too! Visit Secret Millionaires Club Learn & Earn to watch webisodes where a team of kids identifies problems and learns how to solve them, with help from their friend Warren Buffett.

Young Entrepreneur Series – Kids Helping Kids

In 1997, a year after being diagnosed with a brain tumor, Mischa Zimmermann established Kids Helping Kids. After his first brain surgery, he was in what he called a “locked-in” state. While he was recovering in the hospital, he gave another sick child a video tape and saw how it brought such joy. He came up with the idea to simply help other kids.

He recruited his friends to start working to help bring comfort to sick kids. A nonprofit volunteer organization run by teens to benefit teens and children affected by catastrophic illness or injury, KHK provides support with peer interaction, mobility equipment, and special wishes while also raising awareness of the life changes these individuals and their families face. The teens who are a part of KHK often help with event and activity planning, learning the value of contributing their time and developing a profound sense of commitment to something bigger than themselves.

While helping kids with illnesses or injuries, the organization also does something important for the volunteers. They learn lessons in social entrepreneurship – like how to run a business, how to make a profit, and how to allocate resources.

You can do it too! Visit Secret Millionaires Club Learn & Earn to watch webisodes where a team of kids identifies problems and learns how to solve them, with help from their friend Warren Buffett.

Maybe you can make a difference in the lives of kids the way Mischa did. Sadly, he died from his illness in 2005. His legacy lives on, empowering kids to help other kids every day.

Answer this: How have the kids that you know (either individually or as a group) helped others? Let’s hear your comments!

We want to hear your stories!

We certainly have many wonderful stories about young entrepreneurs and we’re sure that you do too! You must know someone who has put his our her young mind to good work and accomplished something that others haven’t.

Let us know about them. Leave a comment below this post to share and celebrate the entrepreneurial spirit in kids!

 

Biz Kid Nic and his idea – Tic-Tac-Tag

Hey, this kid won one of our competitions AND he is doing something smart with the money he earned. Take a look at what Nic is doing with his windfall.

He came up with his idea in the Sports Authority Move it Challenge and was the Grand Prize Winner.