Young Entrepreneurs Banking On Their Tech Savvy

Entrepreneur.com:

Four years ago, Donny Ouyang cracked open one of his dad’s old computer science books and began learning HTML code and website techniques. This accidental discovery grew into a great entrepreneurial opportunity when he sold his first website less than a year later.

Now 16, Ouyang is making more than $6,500 a month as CEO of Kinkarso Tech–all while playing basketball, piano and guitar in high school. That’s because his business has advanced into SEO consulting and “flipping” unwanted websites–that is, revamping and reselling sites for profit.

But Ouyang isn’t alone. Six in every 10 teens want to be an entrepreneur, and they can start e-businesses with little or no capital.

“This trend of more teen businesses has a lot to do with the internet giving easier access to the resources they need to develop their business ideas,” says William Walstad, an economics professor at the University of Nebraska, Lincoln.

“Today’s teens are more tech-savvy and, as a consequence, are at an advantage when it comes to finding those startup resources.”

And because online social networks like Facebook and MySpace and other technologies have become so integrated into teens’ lives, many discover big online business ideas before seasoned entrepreneurs do.

Photo by Kinkarso Tech.

« Previous Post

Next Post »