1 Support from family
The family of the 25 youths no doubt about their children's ambitions. The mostly young boss received emotional support rather than economic. To start a business, they also borrowed money from family but quick repayment. A youth got 10 dollars from my parents to buy domain names. And Emil Motycka, 21, signed a mortgage lawn mower $ 8000 price. Both were paid off within a year.
2 Starting from something easy to do
They started with the idea can be implemented as blogging or mowing the lawn. This gives confidence and maintain a good reputation with customers. "I think the work you are now more realistic. They start from small things to build a name in the business world "- Nick Tart comment.
Juliette Brindak - 21 years old, the site's founder MissOAndFriends.com - had received funding from Proctor & Gamble after eight years to maintain the site. Her company now worth $ 15 million.
3 Diligent and not discouraged
Most business people have more stumbles before success. 25 young millionaires in no exception. Adam Horowitz, 18-year-old entrepreneur, has established 30 sites in the three years before the success. He eventually sold the product worth up to hundreds of thousands of dollars. Three months ago, Adam thought of a product can be lucrative $ 1.5 million in three days. This could not happen without fail 30 times before.
4 Sacrifice childhood
The young people what it takes? Normal childhood just like those of the same age, but they are lucky to have the freedom to do what they like, including business. Emil Motycka remember repeatedly refused the enticement of friends went swimming to work mowing the lawn. Emil friends do not understand and teased him for taking the time to work instead of fun. What worked Emil has paid off. He owns a house that is often asked friends to play.
5 There is motivated
Most of the 25 young millionaires interviewed had not been encouraging friends and teachers. Catherine Cook, founder of MyYearbook.com, each site is sure she never has more than 3 million members. And she proved that prediction wrong. Her current website has 22 million registered users, which is enriching knowledge.
6 Distinguish between work and private life
Both 25 young millionaires are not using their real names in the business. That is the way to preserve their identity and private life kept private. Catherine silently working on his website after his roommate went to bed. She wants to keep her own career and personal life separate from. Young business people wealthy do not want people to know they earn millions by fear of the people you "not true" advantage.
7 Born to business
An enrichment of young millionaires are set apart from a very small business. Michael Dunlop began by selling Pokémon card. Keith J. Davis sold gum chewing though classmates during class is a taboo. Andrew Fashion turned mechanical pencil of the toy rocket launchers and then sold for profit.
