13-Year-Old World’s YOUNGEST Successful Entrepreneur?!

Summary

Jack Bruno, a 13-year-old entrepreneur from Boulder County, started Jack Stands, a lemonade stand business, at just eight years old to fund his Lego Star Wars Death Star. After earning $900 in profit, he expanded his business and created Teen Hustle, a youth-focused delivery service that empowers teenagers to work and gain entrepreneurial skills. Jack's journey showcases the importance of initiative, responsibility, and community support. With his diverse interests in business, fitness, and helping others, Jack is committed to sharing his entrepreneurial lessons with fellow kids, fostering a culture of youth entrepreneurship.

Takeaways

• 😀 Jack Bruno, a 13-year-old from Boulder County, started his own business, Jack Stands, after being inspired by wanting a Lego Star Wars Death Star.
• 😀 Jack's first entrepreneurial venture was a lemonade stand at a local farmers market, which earned him $2,000 in revenue and $900 in profit after 12 weeks.
• 😀 Jack used his profits to buy the Lego Death Star and decided to expand his lemonade stand business to four other farmers market locations.
• 😀 Initially shy, Jack gained confidence through the guidance of his father and the farmers market manager, who helped him understand business concepts like revenue, expenses, and profit.
• 😀 Jack created JackStands.com to offer kids the opportunity to operate lemonade stands and marketplaces, giving them valuable business lessons.
• 😀 Jack emphasizes teaching kids how to greet customers, handle payments, track sales, and work in teams to operate the stands effectively.
• 😀 Through his business, Jack aims to help kids become more responsible, earn money, and learn life lessons that will benefit them in the future.
• 😀 Jack started a new venture, Teen Hustle, inspired by the rise of delivery giants like DoorDash and GrubHub, aiming to create opportunities for teenagers to work in delivery services.
• 😀 Teen Hustle allows customers to place orders via the app, and teenagers (known as 'team hustlers') deliver the orders using electric scooters or bikes.
• 😀 Teen Hustle focuses on supporting youth entrepreneurship and fostering personal connections between local teens and their community.
• 😀 Despite balancing his business, school, and extracurricular activities like Ninja Nation, Jack remains motivated by his desire to help kids and spread entrepreneurship.

Q & A

What inspired Jack to start his lemonade stand business?

Jack was inspired to start his lemonade stand after he wanted to buy a $400 Lego Star Wars Death Star, and his dad told him he would need to pay for it with his own money. This motivated him to figure out a way to make money, which led to the creation of his lemonade stand.

How did Jack's lemonade stand evolve into a larger business?

After successfully earning money from his lemonade stand, Jack expanded to operate at multiple farmers market locations. He also created Jack Stands, a website to help other kids run their own stands, which turned into a broader marketplace for young entrepreneurs.

What was Jack's initial experience in running his stands?

Jack initially struggled with shyness but learned a lot in his first year. His dad and the farmer's market manager helped him understand the details of running a business, including revenue, expenses, profit, and customer service.

What does Jack teach other kids when they work at his stands?

Jack teaches kids how to greet customers, take orders, handle cash and credit card payments, track sales, and manage shifts. This provides them with valuable lessons in responsibility, business operations, and customer service.

What did Jack learn through his first year of business?

Through his first year, Jack learned important life skills such as responsibility, time management, and how to handle financial transactions. He also realized how beneficial these lessons were and wanted to pass them on to other kids.

What is Teen Hustle, and how did it come about?

Teen Hustle is a delivery service founded by Jack when he turned 13. Inspired by the success of delivery companies like DoorDash and GrubHub, Jack wanted to bring back opportunities for teenagers to run their own businesses. Teen Hustle allows teenagers to deliver orders from local restaurants using bikes or electric scooters.

How does Teen Hustle operate?

Customers can place orders through the Teen Hustle website or app. Orders are then dispatched to local restaurants, and teen hustlers receive the delivery instructions via their app. They deliver the orders using bikes or scooters, providing a personal touch to their service.

What differentiates Teen Hustle from other delivery services?

Teen Hustle differentiates itself by focusing on supporting youth entrepreneurship. Teen hustlers are local teenagers who care about their community and provide a personal connection with their customers.

How does Jack balance his businesses with other activities?

Jack manages a balance between his businesses, his training at Ninja Nation, and school by finding a good rhythm. Despite the challenge, he ensures that he maintains focus and manages his time effectively across different areas of his life.

What is Jack's motivation behind his entrepreneurial ventures?

Jack's motivation comes from the desire to help other kids learn the valuable lessons he gained from his experiences. He is passionate about spreading entrepreneurship to young people and empowering them to start their own businesses.