Children: New billionaires - BBC News

Summary

The video showcases young entrepreneurial prodigies turning ideas into businesses at an early age. It highlights 15-year-old Thomas, who develops apps and is innovating 3D printing technology to be faster and more reliable. At the Incubator School, children as young as 11 are encouraged to start their own companies, like the 12-year-old team selling school supplies under 'I Supply.' Another featured young CEO, Kawa, aims to make her boo boo brand a household name while pursuing a career in zoology. The story emphasizes that creativity, ambition, and business acumen can flourish even in children, offering sage advice for a new generation of leaders.

Takeaways

• 😀 Thomas, a 15-year-old self-taught entrepreneur, is developing apps for smartphones and Google Glass.
• 😀 Thomas plans to revolutionize 3D printing, aiming to make the process 10 times faster than current printers.
• 😀 Thomas has applied for a patent to improve the speed and reliability of 3D printing technology.
• 😀 The incubator school encourages kids to start their own businesses, teaching them about entrepreneurship from a young age.
• 😀 Kids are more creative because they aren't limited by conventional thinking and societal expectations.
• 😀 Arman, Logan, and T, all 12 years old, run I Supply, a business selling school supplies to their classmates.
• 😀 The founders of I Supply believe kids are uniquely positioned to create innovative products because they think outside the box.
• 😀 A 7-year-old entrepreneur made history as the youngest person to appear on *Shark Tank*, pitching her invention.
• 😀 The pint-sized CEO views entrepreneurship as a path to freedom, allowing her to follow her own vision rather than take orders from others.
• 😀 Despite their young ages, these entrepreneurs aim to make a big impact, balancing business aspirations with personal dreams, such as becoming a zoologist.

Q & A

What is Thomas working on with 3D printing technology?

Thomas is working on making 3D printing faster and more reliable. He aims to print 10 times faster than current generation 3D printers and has recently applied for a patent to improve the technology.

How did Thomas learn business and coding?

Thomas is self-taught when it comes to both business and coding. His school also encourages students to develop entrepreneurial skills from a young age.

What is the main advertising strategy Thomas uses for his projects?

Thomas uses social media as a device for advertising. He leverages it to promote his projects and build his presence online.

What is the focus of the incubator school mentioned in the transcript?

The incubator school encourages students, starting from age 11, to create their own companies and develop entrepreneurial skills during school hours.

What is the goal of the 12-year-old entrepreneurs at 'I Supply'?

The young entrepreneurs at 'I Supply' aim to sell school supplies to their classmates, believing that kids have a unique advantage in creating new ideas because they haven't yet been limited by conventional thinking.

Why do the young entrepreneurs believe kids are better at creating the next big thing?

They believe kids are more creative because they haven’t been 'boxed in' by societal expectations. Kids can still think freely and imagine possibilities without being limited by predefined ideas.

How did the 7-year-old CEO of Boo Boo Brands get involved in entrepreneurship?

The 7-year-old CEO considers herself a lifelong inventor. She became an entrepreneur because she wanted to create her own path and not follow someone else’s orders.

What is Kawa’s dream, and what business is she working on?

Kawa’s dream is to become a zoologist, but she is also focused on making Boo Boo Brands a household name while balancing her entrepreneurial activities.

What is the key message regarding children as entrepreneurs?

The key message is that kids are still kids, even when they are entrepreneurs. Their creativity and fresh perspectives allow them to think and create in ways that adults might not, which can lead to innovative solutions and businesses.

What does the transcript suggest about the future of young entrepreneurs?

The transcript suggests that young entrepreneurs are shaping the future of business by using their creativity, self-taught skills, and entrepreneurial spirit. As more kids are encouraged to think outside the box, they are likely to bring fresh ideas and innovations to the market.