Kid Entrepreneurs
By
Kyle Bosch
Story Created:
Apr 11, 2008
Story Updated:
Apr 11, 2008
David Farah – business owner says, “I actually don’t charge by hour, believe it or not, you make more money in the commercial world if you charge by project.”
David knows what he’s talking about… he’s the owner/operator of a brass polishing business that contracts with large companies to keep the sparkle in their buildings.
David says, “Your image to be a great image if you’re a commercial building so brass really adds to the image of the building.”
David capitalized on a key business principle when he founded his company. Find a need and meet it. He got the idea while working as a janitor.
David says, “I looked around and said wow there’s a lot of brass and it’s a pain to do and not very many people like to do it.”
What makes his success story even more astonishing – he’s only seventeen.
David says, “I was looking at typical teenage jobs, working in the mall… I saw the pay there was $7 an hour… I earned probably a little over $50 an hour.”
David’s father is a successful entrepreneur himself. So naturally he’s pleased with his son’s endeavor.
Barry Farah – father says, “It seems he is able to handle as a man what the real live marketplace has to offer, which is tough, it’s competitive, it’s hard, it’s a long process to close just one deal and he’s seen that, faced that.”
How involved should a parent be in a child’s business? Well, they certainly shouldn’t try to take over, or even push them… it’s really just to encourage.
Bob Waliszewski – Focus on the Family says, “If that young person comes as a 10-year-old and says I’m ready to blank, set up my own little business, and you’re like hey that’s a good idea, take it as a step and see how far you can encourage it, but if we come to our 10-year-old and say hey I think it’s about time you set up a lemonade stand on the corner, that’s the wrong approach.”
David believes this business is just the first step for him.
David says, “I’m not planning on doing brass polishing my whole life honestly… I hope to be a president or CEO of a large corporation.”
Tamra Farah – mother says, “To believe in them, believe that they can do what they set out to do, even if they have their doubts in the beginning, just to never stomp on any of those ideas.”