Tuesday, December 15, 2009

A Budding Young Capitalist

I was reading a trade journal yesterday at work about the owners of the candy.com website. In the journal, their was a side story about a young entrepreneur who they named as their first "Candy Kid."  He sounds like an impressive young man.

The young man is Miles Louison is an 8 year old from Aurora, CO. He has started his own business called The Dessert Company and he makes candy sushi from candy, fruit roll ups, and rice krispy treats.  He started his part time business in March of 2008 at the ripe old age of 7 years old.

For being named their first Candy Kid, Miles received a $500 shopping spree to stock his business with supplies.  He has also been recognized as 2009's Young Entrepreneur of the Year by the Minority Business Development Agency.

One of the things that impressed me about the story isn't so much the early success that Miles is having.  He seems to have a pretty good head on his shoulders.  His parents make sure that he uses the proceeds for anything he sells to purchase his own supplies.  Other profits are put in the bank towards his college fund.

He also has the makings of a young philanthropist.  In the first year of operating his business, he took $30 of his profits and donated it to earthquake victims in China.  At a recent local fair, he took $42 of his proceeds and donated to the Susan G. Komen foundation.

In an era where we decry the youth of our day, it is always good to find a nice story about a kid.  Miles is learning valuable life lessons at an early age on what it takes to run a business.  His parents should be commended for the job they are doing with him. Let's hope capitalism is still thriving in this country when Miles graduates from college.

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  1. Thanks for this story on such a young entrepreneur.

    I think there would be even more of these kinds of kids if we, as parents, didn't assume kids have to wait to learn business skills until they are older. Also a lot of parents wouldn't know how to help their kid to be a business owner in the first place.

    That's why I was so happy to see that a young mother in Arizona has taken it upon herself to create Biz in a Boxx, a fun educational tool that teaches kids and teens how to start and run their own businesses.

    I bought one at www.bizinaboxx.com for my 11 year old son who now is making his own money and has learned not only business skills, but life skills that will carry him throughout his life. And, I didn't have to be a business genius to help him. As a matter of fact, he did it all by himself by following the hands-on guidelines in the Biz in a Boxx workbook.

    This product helped my son in ways I couldn't. And, I could be happier.

  2. Biz in a Boxx sounds pretty cool. It is always nice for kids to get a taste of responsibility at an early age

  3. Thank you for the kind blog about my son! I appreciate the kind words. And I agree with Lou, we as parents need to take the time to listen to our children's cues. I could have easily missed his interest when he first started talking about his two years ago.

    I hope more of our children have the same opportunity and the same chance to go after their interests even if they might be thought of as too young to understand. Thanks for listening and again for the nice words!



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