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16 Young And Successful Entrepreneurs Who Prove That Age Is Nothing but a Number

16 Young And Successful Entrepreneurs Who Prove That Age Is Nothing but a Number

Self-employment has been blossoming over the past decade. In this age of internet and technology, people are now more confident to try and sell their ideas and hit the road to success. With even the basic skills like knowing how to create a website[1] or marketing products online, people can reach out to the world and showcase their talent.

A study conducted in the year 2015 revealed that about 14% of the total working population in the U.S. was into running a business of their own and we all know that the numbers have been growing since then.

Each day while we drive, when we shower or go through a boring lecture, our minds come up with some of the most intriguing ideas that can potentially become big business plans, but we tend to ignore them as we are never looking to make anything out of it. Our brains are idea machines, but only a few of us go ahead to make these ideas big.

One of the most common complaints of the people who bloom late and succeed in the later ages of their lives is that they didn’t dare enough to sell their ideas sooner. Ironically, one of the most common excuses among the youth is that they are not old enough to start their own business. It is never too early or late to become successful in your life. You can begin the journey to becoming an achiever at any age, and the young entrepreneurs in the list below will just prove this to you.

1. Mark Zuckerberg: Founder of Facebook

    Of course, Mark Zuckerberg must be on the top of this list. Facebook speaks for all the success the man has achieved by launching it when he was only 19 years old. Within few years of its launch, Facebook became one of the most used social media platforms across the world. Today, Facebook continues to grow and employ thousands of people. An inspiration to a countless number of people, Zuckerberg [2] is estimated to be worth 61.7 billion USD today and continues to progress as an entrepreneur.

    2. Matthew Mullenweg: Founder of the WordPress

      In the year 2005, Matthew founded the company Automattic which later proved instrumental in the creation of the WordPress before he was even twenty. WordPress is one of the leading Content Management Systems out there in the market making it the most used platform for blogging. Who would have thought that a college dropout will take the world by the storm with a simple idea of hosting a blogging platform? The net worth of Matthew Mullenweg today is 40 Million USD.

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      3. Catherine Cook: Creator of MyYearBook.com

        At the age of 15, when people are learning how to write an essay properly[3] for their college applications, Catherine and her brother Dave came up with an idea of digitizing high school yearbooks and putting it online. With the investments of their elder brother, Geoff Cook, Catherine and Dave went on to launch MyYearbook.com which became famous in no time. Catherine and Dave became one of the youngest millionaires around in the prime days of the MyYearbook.

        4. David Karp: Founder of Tumblr

          The year 2007 saw the onset of Tumblr. The micro-blogging website which is now owned by Yahoo was founded by David Karp after he turned 21 years old, whose net worth now is $200 million. Even after all these years of its launch and facing some serious competition from other websites, Tumblr stands its position among the social media platforms.

          5. Varun Agarwal: Author of How I Braved Anu Aunty & Co-Founded a Million Dollar Company

            The author of the book, ‘How I Braved Anu Aunty & Co-Founded a Million Dollar Company,’ Varun Agarwal is also an entrepreneur and a film-maker. Coming from a time in India where parents would force their kids to become future engineers and doctors, Varun also went through the painful drag of completing his engineering. Despite the pressure of the parents and society to follow the crowd and get a job, Varun came up with an idea of selling school merchandise throughout the country and ended up featuring among the top entrepreneurs in the nation. Varun has also worked as a film-maker with the Oscar winner A.R. Rehman at the age of 21 years only.

            6. Pete Cashmore: CEO of Mashable

              The CEO and founder of the top blog Mashable, Pete Cashmore has a net worth of $95 million. The website was found in the year 2005 when Pete was 20 Years old and is popular among people for all the daily news and gossips related to the entertainment world. The popularity of the company can be seen by the 8.82 Million followers of its Twitter account.

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              7. Jon Wheatley: Creator of the DailyBooth

                At the age of 22, Jon Wheatley introduced a photo blogging website called the DailyBooth to the internet world in the year 2009. The site allowed the users to upload their everyday pictures and use captions with them. The simple idea of sharing snaps along with a clean user interface of the website made it famous, and Jon was soon worth a net worth of $1 million.

                8. Blake Ross: Creator of Mozilla Firefox

                  You might not know him by the name, but you surely know him by his work, Mozilla Firefox. At a time when people used to stick with the stock browser of their Operating Systems or go for Google Chrome, Firefox made its client-base with its dedicated users. Firefox is now among the preferred web browsers across different platforms like Windows, Linux, and Android. Firefox was launched when Blake was only 19 years old.

                  9. Richard Ludlow: Founder of Academic Earth

                    Richard Ludlow saw the potential of the internet becoming a learning place, and he managed to achieve it through his website called Acedemicearth.org. The non-profit website aimed at bringing quality education among students and that too free of cost. He rejected an offer of a full-time job and admission in an MBA course to come up with the idea of Academic Earth at the age of 22. Richard certainly proved that entrepreneurship is not all about the money and some good cause too.

                    10. Fraser Doherty: Founder of the Super Jam

                      Fraser Doherty is another brilliant entrepreneur who went on to become a millionaire starting to work at the age of 14. Using his skill of making Jam, that he learned from his grandmother, Fraser started selling his self-made Jam to the Waitrose stores as a teenager. He named his company as the Super Jam and is currently a net worth of 2 million dollars.

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                      11. Sean Belnick: Founder of Bizchair

                        Sean Belnick started selling furniture on his website bizchair.com when he was 14. Since the year it was set up (2004), the company’s sales went on to grow and were generating a revenue of more than 40 million USD at a point in time.

                        12. Joshua Dziabiak: Founder of Media Catch

                          Born in the year 1987, Joshua made his first million at the age of 18 when he sold his first company Media Catch. He later went on to find few more companies including ShowClix and the Zebra. The current estimated worth of Joshua is said to be more than 9 million USD.

                          13. Ryan Block: Product Manager of Engadget

                            With an estimated $30 million worth, Ryan Block is among the most wanted tech experts around. Ryan was an ex-editor of Engadget and became popular when he found a tech community site gdgt when he was 26. He returned to his previous workplace Engadget and worked as the product manager for few years after it.

                            14. Aaron Levie: Co-founder of Box

                              At the age of 19, Aaron came up with an idea of providing file storage spaces online to different businesses. He later co-founded the company- Box which is now a premium file storage and content management service for businesses hubs. In the year 2015, Aaron had a worth more than 90 million USD.

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                              15. Alexander Levin: Co-founder of ImageShack

                                Levin is the co-founder of the world’s largest image hosting website- the ImageShack, which was launched when he was 19. With a net worth of more than 50 million USD, Alexander makes it to our list of the top young and successful entrepreneurs. ImageShack today stands firm among all the image hosting services and has not lost its popularity over the years.

                                16. Justin Bieber: Singer and Performer

                                  Coming into the music industry from the popularity of the YouTube, Justin Bieber managed to catch the eyes of the world with his talent when he was 15. Bieber became a worldwide sensation at a very young age, and you can find him among the singers in the top music charts almost every time. Capitalizing on this popularity, Bieber has used his earned money into investing in some startups like ‘Shots of Me'[4] and has a nail polish line of his own called ‘The One Less Lonely Girl.’ The net worth of Justin Bieber last year was $200 Million.

                                  You can succeed too, you really just have to begin to do something.

                                  At a time when the usage of internet and social media is at its peak, it is probably the best of times to be an entrepreneur as it is easier to reach out to the world. Businesses for services like VPN Kodi VPN, TunnelBear etc., SEOs and E-Commerce are budding like never before. People are coming up with all sorts of ideas into the market, and we never know what idea might go on to become a trend. It seems everyone has a business idea.

                                  The entrepreneurs in our list had the vision in them to make these ideas succeed. Do you have it in you?

                                  Reference

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                                  Erick Clifford

                                  Journalist

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                                  1 How to Prevent Decision Fatigue From Clouding Your Judgement 2 5 Less-Known Reasons Why Less is More 3 10 Smart Productivity Software to Boost Work Performance 4 How to Take Good Notes at Work: 6 Effective Ways 5 3 Techniques for Setting Priorities Effectively

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                                  Last Updated on July 8, 2020

                                  How to Prevent Decision Fatigue From Clouding Your Judgement

                                  How to Prevent Decision Fatigue From Clouding Your Judgement

                                  What is decision fatigue? Let me explain this with an example:

                                  When determining a court ruling, there are many factors that contribute to their final verdict. You probably assume that the judge’s decision is influenced solely by the nature of the crime committed or the particular laws that were broken. While this is completely valid, there is an even greater influential factor that dictates the judge’s decision: the time of day.

                                  In 2012, a research team from Columbia University[1] examined 1,112 court rulings set in place by a Parole Board Judge over a 10 month period. The judge would have to determine whether the individuals in question would be released from prison on parole, or a change in the parole terms.

                                  While the facts of the case often take precedence in decision making, the judges mental state had an alarming influence on their verdict.

                                  As the day goes on, the chance of a favorable ruling drops:

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                                    Image source: Proceedings of the National Academy of Sciences

                                    Does the time of day, or the judges level of hunger really contribute that greatly to their decision making? Yes, it does.

                                    The research went on to show that at the start of the day the likelihood of the judging giving out a favorable ruling was somewhere around 65%.

                                    But as the morning dragged on, the judge became fatigued and drained from making decision after decision. As more time went on, the odds of receiving a favorable ruling decreased steadily until it was whittled down to zero.

                                    However, right after their lunch break, the judge would return to the courtroom feeling refreshed and recharged. Energized by their second wind, their leniency skyrockets back up to a whopping 65%. And again, as the day drags on to its finish, the favorable rulings slowly diminish along with the judge’s spirits.

                                    This is no coincidence. According to the carefully recorded research, this was true for all 1,112 cases. The severity of the crime didn’t matter. Whether it was rape, murder, theft, or embezzlement, the criminal was more likely to get a favorable ruling either early in the morning, or after the judges lunch break.

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                                    Are You Suffering from Decision Fatigue Too?

                                    We all suffer from decision fatigue without even realizing it.

                                    Perhaps you aren’t a judge with the fate of an individual’s life at your disposal, but the daily decisions you make for yourself could hinder you if you’re not in the right head-space.

                                    Regardless of how energetic you feel (as I imagine it is somehow caffeine induced anyway), you will still experience decision fatigue. Just like every other muscle, your brain gets tired after periods of overuse, pumping out one decision after the next. It needs a chance to rest in order to function at a productive rate.

                                    The Detrimental Consequences of Decision Fatigue

                                    When you are in a position such as a Judge, you can’t afford to let your mental state dictate your decision making; but it still does. According to George Lowenstein, an American educator and economy expert, decision fatigue is to blame for poor decision making among members of high office. The disastrous level of failure among these individuals to control their impulses could be directly related to their day to day stresses at work and their private life.

                                    When you’re just too tired to think, you stop caring. And once you get careless, that’s when you need to worry. Decision fatigue can contribute to a number of issues such as impulse shopping (guilty), poor decision making at work, and poor decision making with after work relationships. You know what I’m talking about. Don’t dip your pen in the company ink.

                                    How to Make Decision Effectively

                                    Either alter the time of decision making to when your mind is the most fresh, or limit the number of decisions to be made. Try utilizing the following hacks for more effective decision making.

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                                    1. Make Your Most Important Decisions within the First 3 Hours

                                    You want to make decisions at your peak performance, so either first thing in the morning, or right after a break.

                                    Research has actually shown that you are the most productive for the first 3 hours[2] of your day. Utilize this time! Don’t waste it on trivial decisions such as what to wear, or mindlessly scrolling through social media.

                                    Instead, use this time to tweak your game plan. What do you want to accomplish? What can you improve? What steps do you need to take to reach these goals?

                                    2. Form Habits to Reduce Decision Making

                                    You don’t have to choose all the time.

                                    Breakfast is the most important meal of the day, but it doesn’t have to be an extravagant spread every morning. Make a habit out of eating a similar or quick breakfast, and cut that step of your morning out of the way. Can’t decide what to wear? Pick the first thing that catches your eye. We both know that after 20 minutes of changing outfits you’ll just go with the first thing anyway.

                                    Powerful individuals such as Steve Jobs, Barack Obama, and Mark Zuckerberg don’t waste their precious time deciding what to wear. In fact, they have been known to limiting their outfits down to two options in order to reduce their daily decision making.

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                                    3. Take Frequent Breaks for a Clearer Mind

                                    You are at your peak of productivity after a break, so to reap the benefits, you need to take lots of breaks! I know, what a sacrifice. If judges make better decisions in the morning and after their lunch break, then so will you.

                                    The reason for this is because the belly is now full, and the hunger is gone. Roy Baumeister, Florida State University social psychologist[3] had found that low-glucose levels take a negative toll on decision making. By taking a break to replenish your glucose levels, you will be able to focus better and improve your decision making abilities.

                                    Even if you aren’t hungry, little breaks are still necessary to let your mind refresh, and come back being able to think more clearly.

                                    Structure your break times. Decide beforehand when you will take breaks, and eat energy sustaining snacks so that your energy level doesn’t drop too low. The time you “lose” during your breaks will be made up in the end, as your productivity will increase after each break.

                                    So instead of slogging through your day, letting your mind deteriorate and fall victim to the daily abuses of decision making, take a break, eat a snack. Let your mind refresh and reset, and jump-start your productivity throughout the day.

                                    More Tips About Decision Making

                                    Featured photo credit: Kelly Sikkema via unsplash.com

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