Young and Rich
On August 10th, 2007 we did a profile of Fraser Doherty. At the time he was an 18 year old student a Strathclyde University and entrepreneur. His company, SuperJams, had already a million dollars in sales and he was only looking forward to greater success.
Forbes recently caught up with Fraser to get his advice to young entrepreneurs on how to make a million dollars before turning 20. What did the 19 year old have to say? “Have an attitude of adventure, and enjoy the journey.”
Other young entrepreneurs were also asked for their advice. Cameron Johnson ran Surfingprizes.com which paid web browsers $0.20 per hour to surf the Internet with a browser which contained advertising.
“I was 15 years old and receiving checks between $300,000 and $400,000 per month. Before my high school graduation, my combined assets were worth more than $1 million.” The company was later sold to an unidentified buyer. Cameron’s advice? “Put yourself out there. Don’t be afraid of rejection. Don’t be afraid to ask anything.”
Do you have a million-dollar idea? Why not check out the Young Entrepreneur Forums and get some help to build it?
Some interesting ones that people are talking about already are:
- Math Celebrity - a fully automated math tutoring site that also shows you the line by line homework
- T.U.L. clothing - a clothing line in need of advice and financing to successfully take off
- Webucation - a direct sales entrepreneur with $185k in profits and an 18 year old owner
What is your million-dollar idea?
Evan CarmichaelYoungEntrepreneur.com Blog Manager
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3 Comments so far
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I remember watching a TV show about Fraser and how he started out. He has done immensely well.
very inspiring. you can’t have wild success without taking risk. when you are young is the perfect time to take on risk. you don’t have as much to lose, and you have plenty of time on your hands to bounce back if something does not work out. a lot of people i know think that playing it safe when young is the best way to go. i think this is a mistake. personally, i’d like to see a spirit of adventure from more people.
Ideas like this should be posted on ideablob. I find it helpful to get advice and comments on the idea with the opp to win 10,000 bucks.