Meet 5 S’pore Teenpreneurs Who Started Their Own Businesses Before 20
Many young people aspire to reject the path of the company and hope to undertake projects from which they can derive more satisfaction.
Some have funneled their entrepreneurial spirit into home-based businesses, while others have started their own startups.
In addition, Singaporeans are now better equipped to pursue their entrepreneurial dreams.
From home businesses to nonprofits, here are five teens who have started their own businesses.
1. Harsh Dalal, Team Labs
Harsh Dalal was only 11 when he started his first business.
Today, the 19-year-old is the co-founder and CEO of Team Labs, a startup that aims to solve collaboration issues within organizations.
The startup was founded in 2012 by five students and in 2014 it managed to reach a million users.
The Singapore Polytechnic Business Administration student also managed to grow the startup from a five-man team to more than 120 employees today.
More recently, the startup announced $ 8 million in investments. It has also spread from Singapore to many cities around the world including San Francisco, London, Berlin, and Seoul.
2. Pearline Pang, WomenINVEST
WomenINVEST is a platform and community that aims to connect women and enable them to share resources with each other on their investment trips.
It is founded by 19-year-old Pearline Pang, who is currently in his first year at the National University of Singapore.
Pearline and his co-founder discovered that women invest much less than men. They quoted NBC News, which reported that women invest 40% less than men.
Some of the people we know also choose to completely let their partners invest their money for them.
Our core belief is that investing is not an option, but a necessity for us to grow our money, beat inflation and gain financial independence. Therefore, we want to close the gender investment gap to empower more women by ensuring them financial independence.
Pearline Pang, co-founder of WomenINVEST
Four months after the creation of WomenINVEST, the non-profit organization has managed to acquire over a hundred members in a range of nine time zones.
The organization also regularly organizes community bonding events and initiatives. One example includes engaging qualified and inspiring stakeholders to share investment advice with members of the organization.
Pearline also succeeded in assembling a “dedicated and passionate” team of nine people who were able to “make an impact. [women’s investing]”.
3. Ethan Wei, walkers on wheels
The non-profit organization Walkers On Wheels is founded by 19-year-old Ethan Wei.
Walkers On Wheels is committed to helping underprivileged children and families in ASEAN countries who spend hours commuting or who are unable to work and attend school due to inaccessible transportation.
The organization understands that micro-mobility is a solution to promote their “mobility and distance in life”, and thus offers villages micro-mobility options.
Walkers On Wheels receives or buys e-scooters (and soon bikes) at low prices, and refurbishes devices before transporting them to distribution nodes. These distribution sites include a village headquarters, a local NGO compound and village schools.
Each family then has the right to use a scooter to get around.
Ethan told Vulcan Post that the idea for Walkers On Wheels arose during a vacation trip to Bali, where he found out that in North Bali, Tabanan faced these mobility issues.
According to Ethan, the people of Tabanan have to travel 16 to 20 kilometers per day for work and school, and miss out on opportunities like education and health care because of it.
Coincidentally, this was also the period when electric scooters were heavily regulated in Singapore. Many companies were preparing for the sale of 11.11 and faced with a stuck inventory and were considering scraping them as junk.
So, Ethan and his co-founders contacted these companies and offered to buy their scooters at a low price to donate to every family in Tabanan.
In the long term, they plan to expand their operations to other parts of Indonesia and neighboring countries such as the Philippines and Cambodia.
4. Remus Er, HypeMaster
Remus Er is still in high school, but the 16-year-old recently made waves online for raising S $ 30,000 a month selling sneakers.
Students at Geylang Methodist High School source limited edition sneakers such as Nike Air Jordans and Adidas Yeezys, and resell them for a 300% profit margin.
He sells these products on his online store – Hypemaster – and even has three employees working for him.
The sneakerhead was intrigued by a Sega arcade game called Key Master which awards limited edition shoes to those who can insert a key into a lock using a mechanical arm.
He subsequently asked his father to register a company in his name and then bought two of these machines, which are placed in two stores along Orchard Road.
5. Ang Jia Xin, Bobba Sliime
The slime trend started in 2018 and new innovations in the industry keep appearing.
Some slime makers make slimes that look like clouds, snow, or even buttercream; and they make them in various colors and textures.
Ang Jia Xin, 17, is one of the slime creators who jumped on the bandwagon. Her Bobba Sliime store has over 31,000 subscribers and she releases new slime collections every week or so.
On average, she creates about 200-300 jars of slime per week, with each tub costing between $ 4-7.
According to an interview with AsiaOne, Jia Xin is making a profit of about S $ 3,000 per month, and her income has even reached S $ 7,000 at one point.
It’s never too early to start
Despite their youth, these five young entrepreneurs came out of their comfort zone to embark on various businesses.
These young entrepreneurs show us that it is never too early or that you are never too young to pursue your dreams.
Featured Image Credit: WomenINVEST, YP.sg, Money 89.3, Walkers On Wheels, Enterpriser Suite
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