11-year-old Jason O'Neil recently became the youngest person to receive the Young Entrepreneur Award.
The 2007 winner was given the award by the Young Entrepreneurs of America, a nonprofit organization dedicated to educating and motivating young entrepreneurs.
He turned a simple craft, which he calls Pencil Bugs, into a business when he was 9 years old.
He makes colorful, buglike pencil toppers by hand with help from his parents, along with matching laminated bookmarks and custom T-shirts; and has a book and video game in the works.
Photo by Young Entrepreneurs Of America.