Study Show That Young Entrepreneurs Are More Likely Today To Become Millionaires Before The Age Of 30

  • Young Entrepreneurs are creating profits faster than Fortune 500 companies.
  • They hire for specific tasks, not employees
  • Crowdfunding projects are preferred over Venture Capital

Forbes magazine interviewed entrepreneurs between the ages of 15 and 30 and found that they have a tremendous advantage over older adults with the goal of becoming self-made businesspeople. Young entrepreneurs usually do not have access to the type of funding an older adult may have. Nor do they have the amount of work experience. But young businesspeople today may find this to be more of an advantage to them than a hindrance.

Young Entrepreneurs are finding Crowdfunding easier and faster with Krowdster

What they do have in abundance is energy and access to like-minded young entrepreneurs with skill sets and time on their hands to create content and handle unique tasks like social media management, the medium to communicate to millions of potential customers within minutes.

Young entrepreneurs can run rings around an established business or older entrepreneurs because the tools that are available to succeed are literally in their hands every day. They can create ads, hire talent anywhere around the world for specific tasks, and crowdsource money and ideas within mere hours.

Not only can younger entrepreneurs create a business from thin air, but they have also used the tools to do so since they were first able to hold a smartphone in their tiny hands as kids.

They use tools and apps like Fiverr to hire talent for specific tasks and go to “YouTube University” to learn processes for creating or finding a solution within minutes instead of toiling for years in a school that stretches out the same information to fill a curriculum.

Older entrepreneurs do use these same tools in abundance but not with the speed and confidence of a younger person who grew up using apps for creativity and time management.

Remember, entrepreneurs do not have to worry about the income ceilings of a 9 to 5 job. If they run a business as a side hustle while they work a traditional job, they can reinvest their entrepreneurial income back into their business for growth without incurring loan debt. Also, if they are running a business in partnership with another entrepreneur, the synergy of 2 or more people providing income and creativity to a project provides a solid foundation for extreme growth.

Here are 5 Things Young Entrepreneurs can teach us all about running a business in today’s environment.

  1. Funding is more of a crutch than a helping hand. Young entrepreneurs know that when you borrow money, you’re actually borrowing it from your future self at a high-interest rate. Savvy young opportunists see traditional jobs and crowdfunding as solutions to acquiring or saving money for their businesses.
  1. Young entrepreneurs do not hire employees, they hire talent online for specific tasks to be done within a specific amount of time. They use apps like Fiverr to find talent to make social media ads, create apps for their business, and more. They also use apps like Thumbtack to hire physical task workers to help organize, install, fix, or assemble products or services.
  1. The most innovative and creative mindset of a young entrepreneur is allocating work based on what electronic device can handle it. Anything that can be created, scheduled or allocated using a mobile phone within a few minutes or within an hour is worked on by themselves. Work that takes more than an hour or takes more computer power than a mobile phone or Chromebook is allocated to another talent.
  1. Just because you can do everything yourself in a business doesn’t mean you should. This is pretty much an extension of point number 3 but time allocation is emphasized more than anything else by young entrepreneurs. Bragging about 80-hour work weeks doesn’t sound compelling to them. In fact, it sounds counterproductive.
  1. For a young entrepreneur, businesses don’t fail; they get retooled, repurposed, or re-envisioned. Failure is a weird term for today’s young entrepreneurs. When a business doesn’t sell enough products or services, they retool a component of that business or changes direction to fit the market. Failure to them is just data. With the right amount of data, you can make much better business decisions.
Armand Lucas
Armand Lucas

Serial entrepreneur and writer for Millennial Entrepreneur, RelyOnPros, NY Style Magazine and HomeRestored.com

A Boxing Entrepreneur That’s Winning Hearts & Minds With His Quick Hands And Entrepreneurial Spirit

Corey Marksman won his professional debut match with his father in his corner
  • His unorthodox training made his legs and balance incredibly strong.
  • Corey became a marketing master to make as much as the headliners.
  • His father keeps him aware of the fighting and promoting side of the business.

Corey Marksman

You can’t help but like him when you first meet him. When he talked about his upcoming fight at the time and what it took to get into physical shape for it, you can’t help but notice the enthusiasm and confidence in his voice. This is partially due to his father, Angus Marksman, his personal trainer and manager. I would always see his dad training people on the front lawn of his house with a heavy bag and tons of encouragement.

I live around the corner from Corey and his father. I would see them train together from time to time which reminded me of when I use to train with my dad back in Chicago growing up. I think that’s why I took to

Corey. He was cordial and easy-going but he trained like a beast on a daily basis.

Corey would also roller skate down the street as if he was born with skates to work on his balance and leg strength. As I said, he is easygoing but serious about his training.
From time to time, I would see him running to cut weight or taking time out to train with a neighbor. What I couldn’t see at the time was his commitment to building a fanbase. Most athletes just concentrate on training and performing. Corey had bigger plans.

Corey concentrates on his training along with his business

His Nickname is “Smooth” For a Reason

It takes courage to walk up to a neighbor and ask for money in exchange for tickets to an event. But Corey’s approach was way smoother than that. One day, I flagged him down when I saw him skating down my street as if he were in a music video. He laughed and told me that it was all part of his training, and skating helps him relax when he becomes too excited thinking about his upcoming boxing match. He paused to see if I would ask a question, and when I did, he smoothly took out his phone and said, “I’ll give you a heads up on my IG. The venue is off the chain and if you’re interested, you can buy tickets directly from my DMs. By the way, there will be MMA fighting as well as boxing at the
same event”. —– I was SOLD!
At this point, I realized I wasn’t dealing with a boxer. I was introduced to an entrepreneur. He recognized an opportunity and he went for the knockout. Another set of tickets sold.

I thought I was the teacher. Then I realized I was the student. I come from a marketing background and ran a few businesses here in Central Florida and in Chicago. I thought I would take this young 20-year-old under my wing and show him the “real world” of marketing oneself.
What I didn’t realize, is that Corey had developed his own unique marketing skills that I needed to learn. Before I even got a chance to “mentor” him, he had already paid himself by selling almost 25 percent of the tickets sold for his upcoming event and he already made a nice percentage off of each of those tickets. In retrospect, he was already paid even before he put on his gloves to fight.

Corey Marksman’s Millennial Entrepreneur Magazine Story

Corey realized that he was the underdog when it comes to dealing with promoters.
When you are starting off in any venture, you are going to be the underdog. The promoters of the fight set the parameters of how much a fighter can make. Lucky for Corey, his father realized the potential of dealing with a promoter that allowed the potential to make as much money as he can by selling tickets to your event and sharing in that revenue.

He developed his own marketing to expand his reach
With every new person, Corey meets, he listens to where this person is coming from and if he can find common ground. Corey comes off as humble and rarely starts a conversation about himself unless he’s asked about it. Once common ground is established, he exchanges social media info. Once his new fan checks out his posts about the upcoming fight, they’re, hooked!

How much did Corey Marksman make on his first-ranked fight?
Tickets to the event ranged from $40 to $150 depending on seating. Corey sold a mixture of seating options through his social media posts and in person. Undisputed Boxing Promotions shared 20% of the ticket price with the fighter who sold the ticket. Corey sold tickets to roughly 25% of the crowd. Bringing in almost as much revenue as the title fighters. The venue was massive and was able to hold 2 rings. One was for MMA fights and the other was for boxing matches.

Positioning himself to be the negotiator and not the pawn. Most first-time fighters get paid as little as $200 to take a fight because they

don’t have any leverage to negotiate. Smaller promoters are smart enough to know that they can spend less on promotions if fighters bring in the crowd through ticket profit sharing. The smarter fighter proves himself by bringing in a large amount of crowd with their own marketing engine. Promoters of all sizes will have to negotiate with these self-marketing geniuses just to survive and thrive in the cut-throat world of fight promotions.

Keeping his options open

Corey is keeping his options open. His father, Angus has shown him how to handle the hustle culture and Corey’s success in and out of the ring gives them a lot to think about.
With his fan base ever-expanding and his social media skills on fire. Corey

has a lot of options and very few limitations. I will keep up with Corey and

his dad to see where they land in the next several months.

Armand Lucas
Armand Lucas

Serial entrepreneur and writer for Millennial Entrepreneur, RelyOnPros, NY Style Magazine and HomeRestored.com

An Investor That’s Trading Sweat Equity For Sweet Profits

  • Smart investing is like a muscle. Don’t attempt to lift more than what you’ve trained for.
  • Prepare to lose almost as much as you gain. You only have to gain a little more than what you lose in the market.
  • Starting a micro-business gives you more freedom to re-invest your market earnings.

Nana Yaw Ampofo

“Smart Investing is not a skill, it’s muscle memory. You could read all the books written by gurus that talk about investing and you will still suck at it until you develop and train your reflexes to the market.

You train by getting started, even if it’s a few extra dollars. You will have your ups and downs. That’s why, in the beginning, you need to invest small amounts because if your goal is to live off your investments within a few years then you need to learn how to track market trends and not jump because of good or bad news cycles.”

“I’m a day trader of currency, and yes, interesting news can turn the market upside down TEMPORARILY but what newcomers fail to realize is that you can ride trends in micro-movements that may happen in less than 3 minutes. Fortunes have been made and lost in that small window of time.”

I myself made and lost tens of thousands of dollars in that short amount of time but you have to step back and look at your trading as a whole. Losing half of your $200 investment in a few minutes can be painful but losing $20k in that amount of time is crushing.”

Who’s Afraid Of The Big Bad Trend!
As a seasoned trader of British Pounds, Euro, and other currencies with large movements in the market, where I can lose and gain 20k is part of the job. Once you build enough muscle memory that triggers your recovery reflex, your emotional reaction to market waves becomes trivial.

What happens in the case of a bad market move where you can’t recover? – I’m still working on inoculating myself from going all in. One thing I have is continuous income from my moving helper business.

The steady income allows me to make market moves others can’t because they need to pull income from their trading instead of positioning themselves for a trending move.

Smart Moves

“I’ve created a business that gives me cash flow outside of my currency trading. I make bold moves, so, the last thing I need to worry about is cash flow.

“It doesn’t matter if you are trading stocks, currency or cryptocurrency, If you have to live off your investments, you invest differently. When your back is against the wall, you invest in desperation. Creating continuous cash flow gives you the freedom to invest wisely and not make desperate trades.”

“You can have a number of micro-businesses that bring in just $500 a month. They can seed your investments or keep the lights on.”

You can read more about Nana Yaw Ampofo in the Investment Issue of Millennial Entrepreneur

Armand Lucas
Armand Lucas

Serial entrepreneur and writer for Millennial Entrepreneur, RelyOnPros, NY Style Magazine and HomeRestored.com

CL KID & Be the Reason * Never Give Up, Always Give Back

What does it take to make a difference?  Is it money?  Is it being there when called upon?  What about acts of random kindness?  Do they qualify as giving back to your community?

The truth is, it ALL matters.  Change comes in many forms.  CL KID, a recording artist and producer from Orlando, FL, believes strongly that anyone can create a better situation for others in society.  So why wait?

Be the Reason is a non-profit organization co-founded by CL KID (Charles Martinez) and Johnny Ruiz.  Together they bring positive change to their community using financial education and on-going events.  We got in touch with CL KID to discuss music, being an entrepreneur in 2022, and his goals for Be the Reason.

You’re a music artist and producer.  What made you want to start a non-profit?

I love giving.  There’s no better feeling.  I love my home.  Orlando has been my home for a majority of my life.  I was born In Springfield, Massachusetts.  I’m not sure if you’re familiar with that town, but it’s known as the birthplace of basketball and hosts the Basketball Hall of Fame.  It is the birthplace of Dr. Seuss, as well.  It is the location of America’s first armory and home to the first American-made automobile.  Springfield is known as the “City of Firsts”.

You would think that would equate to a beautiful city with character and prominence.  In many ways it is just that.  However, it is heavily poverty-stricken and has one of the highest crime rates in the country.  My parents grew up in New York City.  I love the northeast.  I love the people there and the way of life.  Even so, I am highly aware of the needs of the communities there.  I was raised within them.  Now that I call Orlando home, I want to try my best to meet those same needs here in my community.  My father has always been there to help those around him.  Through that exposure, I’ve always loved doing the same.  Be the Reason allows me to have the platform to do just that.

What are some initiatives Be the Reason looks to achieve in Orlando?

Our first event was based around helping the homeless.  Thanks to donors and others in our community, we were able to put together care-packs that were given directly to those in need throughout the city.  This was a huge success for our organization and we look forward to completing a similar event in the future.

Our overall direction is financial literacy.  Both myself and Johnny Ruiz are well-versed in business and the stock market.  Mr. Ruiz is a licensed trader with years of experience in the market.  We aim to give that knowledge back to the youth by creating Investment Clubs in local high schools.  Through these clubs, students will learn how to navigate the market, place trades, handle portfolios, and other advanced skills in investing.  This is in the process and there should be updates in the near future.

Does your music reflect what you are trying to achieve with Be the Reason?

Not intentionally, no.  My music is something I enjoy on a personal level.  I love being creative.  I love writing and producing.  Music works as therapy for my mind and allows me to be creative with any emotions I’m feeling or have felt in my past.  One way I will say my music connects with my community goals is by bringing attention to mental health awareness.  I can admit I’ve been depressed.  I’ve had bad anxiety.  I’ve felt alone in my path.  Sometimes these feelings can be a launching pad for success.  Other times they can make you feel trapped in life and afraid of each day.

I have multiple songs which connect with these emotions deeply.  “Revelation”, which was released in 2019, lyrically discusses my battle with anxiety.  It’s my favorite song of mine.  I have a line in there which I say:

“My thoughts inside me, remind me, that I’ll be, alone, on my own, as they talking beside me.  Grabbing me, dragging me, back to my agony, struggling managing putting behind me” – CL KID

Revelation Official Music Video

That song really allowed me to express how I felt in those moments of my life.  I have made other references to mental health in various songs.  “Invisible/Lonesome”, a project I completed in 2020, utilized a visual storyline of a homeless man.  The video used a split-screen to show the story of a man who had a home with a loved one, then lost it all and ended up homeless and forgotten.  The video itself lent itself to homeless awareness.  However, the lyrics were more biased towards mental health awareness.

Invisible/Lonesome Official Music Video

One long-term goal of Be the Reason is to create a hub of communication for those struggling with mental health issues.  Covid shutdowns helped shed light on mental health complications.  It allowed people to feel comfortable with speaking-out about what they’re feeling without fear of judgment.  Be the Reason aims to one day be in a position to further help those who struggle with their mental health.

If you had one message to connect with your audience, be it through CL KID or Be the Reason, what would that message be?

Always be patient, humble, and empathetic.  You never know what people are going through.  You never know what difference you can make, even in the quickest moment of interaction.  Stay positive in your own mind and always try to believe in your path.  You will get to your destination when you are meant to.

“Every challenge is an opportunity for growth, designed to strengthen your character…not change your personality.  Always be you.” – CL KID

If you wish to connect further with CL KID and Be the Reason, visit them online at:

Christian Hathaway
Christian Hathaway

Social entrepreneur and writer for Millennial Entrepreneur and RelyOnPros,

Quickly Raise Your Home’s Value By Upgrading The First Thing Buyers See

We’ve all heard that kitchens and bathrooms are places within a home you should zero in for upgrades. A number of fixer-upper shows on TV push the narrative that to sell a home fast, you need to spend thousands of dollars on these upgrades. Ranging from $10k to 80k depending on your square footage and taste. But there’s a problem with that, your taste in cabinetry, appliances, and sinks, may not be the taste of someone else who may be interested in buying your home.

“Homeowners selling their home, sometimes overlook the golden rule,” says AJ of AJ Homes And Construction in Sanford, Florida. “You want to wow them the moment they pull up to your home with their real estate agent.” “It’s what they see first that seals the deal.”

Landscaping Seals The Deal

“I’ve been in the remodeling business for years and people who flip homes for a living in Central Florida understand that landscaping gets home buyers to fall in love with their homes, site on scene.”

AJ has seen it from both sides, as someone who has worked with both contractors and sellers directly. “Contractors will try to get you to spend tens of thousands of dollars on projects that may not get the best return on investment.”

AJ further elaborates. “Landscaping with a bed of flowers, manicured trees, and bushes, power washed driveways and touch-up paint around windows and doors can cost a small fraction of any upgraded kitchen or bathroom.”

AJ is right. Seasoned home investors know you have to concentrate on the least expensive upgrades before you factor in more expensive ones.

Don’t Gamble With Expensive Upgrades

Diana Sumpter, a 49-year-old real estate agent in Orlando, says that “flooring is the first thing I notice when I walk into a home, but if the lawn looks as if it needs work, I find myself making excuses for the seller’s landscaping before I can even do an indoor walk through with my client.”

Upgrading a kitchen can cost tens of thousands.

“Upgrading your kitchen is a big gamble.” It’s a great selling point for me but a lot of the time, my clients see potential in making changes to the cabinets and tabletops that reflect their own taste.”

AJ agrees, “If you spend $30k or more upgrading a kitchen and/or bathroom, you may be cutting your margins down to a slim profit.” The real estate market is in a flux right now. If more real estate becomes available within the housing market soon, which may happen because of the home-building frenzy we are seeing now, you may find yourself upside down on your investment.”

Get feedback on what buyers are looking for.

Upgrade The Feedback

Diane simplified it even more for us. “If you’re going to make changes to the kitchen, upgrade the appliances. A beautiful refrigerator and stove is pretty much all you need. Let the new homeowner take out a second mortgage to upgrade their new kitchen cabinets.

AJ adds one more piece of advice, “Start with the golden rule, invest from the outside in first, then put your home on the market at your asking price and get feedback.” Let real estate agents know that you’re interested in feedback from potential buyers. Only upgrade what is often mentioned. “You’ll sell your home much faster with a fatter profit margin.”

Armand Lucas
Armand Lucas

Serial entrepreneur and writer for Millennial Entrepreneur, RelyOnPros, NY Style Magazine and HomeRestored.com