donny-ouyang.jpg

TheStreet.com:

4 years ago, Donny Ouyang cracked open one of his dad’s old computer science books and began learning HTML code and Web site techniques. This accidental discovery grew into a great entrepreneurial opportunity when he sold his first Web site 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 Web sites - that is, revamping and reselling sites for profit.

But Ouyang isn’t alone. 6 in every 10 teens want to be an entrepreneur, and they can start e-businesses with little or no capital.
Caught in a Web of Advantages

“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. A longtime advocate of youth entrepreneurial training in schools, Walstad is the author of The Entrepreneur in Youth: An Untapped Resource for Economic Growth, Social Entrepreneurship, and Education.

“Today’s teens are more tech-savvy and, as a consequence, are at an advantage when it comes to finding those start-up 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. Continue reading.

Subscribe to my RSS feed! Thanks for visiting!


By Danny Dion - April 10th, 2008 - In Business Opportunities, Small Biz, Small Business Trends.
You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response,
or trackback from your own site.