11 Investment Tips for Online Entrepreneurs

11 tips to help you make the most with your investment ventures:

#1. Learn Before You Get Started

First, if you want to succeed with your investments, you need to know what you are doing. The biggest mistake you can make as an entrepreneur is putting your money into an investment without understanding what’s really going on. You wouldn’t go skydiving if you didn’t know how to operate the parachute, so why would you invest without knowledge?

Finding information isn’t difficult in this era of the Internet. You have plenty of resources to help you out and even reading financial publications, such as The Wall Street Journal, can provide you with a bit more knowledge.

#2. Protect Your Assets

It is crucial that you protect your business, as well as your investments, from creditors. You need to structure your business and your investments properly to ensure that if something goes wrong, creditors won’t be able to access your assets.

Investing is a good way to guarantee your financial future is secure even if something goes wrong with your business adventure. Therefore, you need to make sure that creditors won’t be able to access your personal investments and savings in case things go awry. This ensures you sleep soundly at night!

3. Create a Sound Strategy for Your Business

Naturally, your business also needs to have an investment strategy. In an Inc.com article on steps to take to grow your business, the recommended strategy is all about the 80/20 rule. This means that 80% of your resources should go to core business opportunities and 20% to new adjacency opportunities.

In practice, this means that you focus most of your efforts to your customer base and invest in maintaining their loyalty. But you also want to keep the adjacent opportunities in mind. These are new investing ventures and growth strategies to explore and which can help your business look to the future.

4. Make It Impossible to Touch Your Investments

One of the biggest investment mistakes to make is all about changing and tweaking your investments too often. You should have some of your investments tied into funds and portfolios that are almost unreachable to prevent you from doing this. This ensures that you don’t make decisions too quick and in the heat of the moment.

The truth is that majority of investments fluctuate a lot. If you withdraw your investments every time they go down, you’ll end up loosing a lot more than if you just stick to your plan. Of course, you want some investments easily accessible, but majority of your money should be kept away from reach.

5. Reduce Risk by Diversifying

You don’t want to put your eggs in one basket, but spread them around a little. Even if you are investing into something with a relatively small risk, like property, you still don’t want it to be your only investment venture.

Try to find at least a few different ways to invest. This guarantees that if one venture goes sour, you don’t end up loosing all of your money. The Money Advice Service’s guide to diversifying is definitely worth a look.

6. Understand Your Pain Threshold

Although there are many options that provide you a relatively safe way to invest your money, there are ventures that might just see your investments disappear. You need to, not only understand the risk of losing your investment, but also understand how much you are able to lose.

Investing is more about controlling losses than it is about making a profit. You need to set yourself clear limits for losses that you don’t want to cross. Sometimes withdrawing from an investment with a small loss might be better than sticking it to the end only to lose more money.

7. Get on Top of the Tax Code

When it comes to investing, you want to make sure you don’t end up losing a chunk of your profits in taxes. Tax efficient investing is one of the first things you want to learn about before you start making money with your investments.

It is also important to understand the taxation, as you don’t want to end up doing anything illegal with your investments. You can find plenty of tips from websites likeMoneyWise, to guarantee your investments are tax efficient.

8. Learn From the Legends

There are some big names in the investment world that you need to know about. Giants such as Warren Buffet and Jim Slater can teach you a thing or two about investing your money and making it big.

But learning from the legends doesn’t mean that same as copying other people’s advice mindlessly. Even the big names make mistakes and provide advice that might not bear fruit. Don’t expect to look at their portfolio and then get rich by just copying it.

You want to read their interviews and understand their investment methods, but ultimately you need to learn to make your own choices. You are the only one who can make it work in your own circumstances.

9. Remember To Save

Naturally, you shouldn’t just invest your money to different funds and assets. You also must start saving your money as well. Saving is a great way to guarantee your financial future is secure even if your projects and your investments don’t provide the hoped end-results.

Saving for your retirement is one of the most important things you need to do as an entrepreneur. So, you want to look around for different ways to save and invest to ensure you have a comfortable pension waiting for you once you are ready to retire.

10. Find Your Niche

Although you want to diversify your investments, you should still find a niche in investing where you excel. Perhaps you are interested in commodities or maybe you’d like to consider private equity investing.

Having an investment niche helps you in two ways. First, it allows you to direct your energy into gaining knowledge in that specific field. For example, if you are interested in private equity, you can check platforms like the one at Dealmarket to find news and tips regarding private equity investing. As already mentioned, this extra knowledge is essential to guarantee you make the right choices.

Second, finding your niche can help you stay passionate. If you focus on investing things that you are passionate about, you are more likely to yield bigger returns. You’ll have more energy to keep up to speed with your investments, when you don’t just care about the amount of money you make, but you are passionate about the results as well.

11. Be Patient

Finally, the unfortunate truth is that you most likely won’t be able to hit it big overnight. As an online entrepreneur, you know that it takes time and effort to succeed in business and this applies to investing as well. Some investment ventures may be able to provide you quicker returns, but in general investing can take a while to truly start producing you the returns you want.

Patience is one of the key characteristics for making it as an entrepreneur, as well as succeeding in investing. You don’t want to rush your investments. Just focus on what you want to achieve and work hard to achieve it.

5 Reasons to Start an Affiliate Marketing Business

Everyone knows that starting a new online business nowadays is tough. Raising the initial capital, working on product development and hiring the right team can seem like an impossible pipe dream to some people.

If you want to start working for yourself, but haven’t got the resources to start big, then affiliate marketing could be the right avenue for you.

Take a look below at my 5 reasons for starting an affiliate marketing business over the next year.

5 Reasons to Start an Affiliate Marketing Business

#1. Low Startup Costs

Unlike other startups, you don’t need to spend 6 months raising a large capital investment from investors or crowdsourcing sites such as Seedrs.com, or even investing in stock before your business can function.

In fact, in affiliate marketing, you only need to spend $3/month on hosting plus $7 for a domain in order to launch a website (sometimes you don’t even need a website!).

Check out our full list of startup resources.

From then on, your only true costs are content (which you should be able to write yourself), choosing a nice CMS and website design (you can use wordpress, which is free) and then writing a blog to help generate traffic and sales to your site.

Even once you start earning an income with your site, your overheads will still remain low. You don’t need to hire an expensive office to meet clients in, you don’t need to hire anyone to deal with customer support (like you would in an ecommerce venture) and you don’t have live with costs such as chargebacks and credit card fraud, and if you use accounting software such as Quickbooks.com then you don’t have to pay for an accountant either.

#2. Earn An Income Relatively Quickly

Retireat21.com is full of entrepreneurs’ stories of how they made their money. However, in a lot of cases people spent 6 months to a year before they started making a profit and re-investing in their business.

With affiliate marketing, you can literally start making money almost straight away.

If you work in niches such as igaming for instance, then you can earn $100-$500 for every customer you refer to a casino. You only need to refer a few customers every month to make $1,000. This is how I started my own affiliate marketing business around studying at college. I then kept re-investing and doubling my income to the point where I was making enough money to pursue it full time as a career. It really can scale quickly once you start to see your first sales.

Remember, you don’t need to provide any ongoing support or services to your referred customers. Once you’ve referred them, the operator/merchant will take care of the customer loyalty and upsell marketing campaigns.

You also have the freedom to choose and promote different operators in a given market. If you’re operating in a competitive market where operators are hungry for a listing on your website then you can even start to charge fixed-fee listings or distribute your own media pack. This also helps to automate the process of generating an income on your site.

#3. You Can Make Millions From Affiliate Marketing

One of the misconceptions of affiliate marketing is that it’s only for small businesses. However, there are plenty of cases where affiliates have gone on to build multi-million pound brands and ventures.

Mark Pearson launched MyVoucherCodes.co.uk in 2006 for example and sold it last month for £60 million. Mark, aged 27 at the time, set up the website linking to deals for different vendors. It was all set up as an affiliate marketing operation that quickly scaled into something incredibly successful.

There are many other cases of affiliates scaling their operations into million pound ventures such as Money.co.uk, OddsChecker.com, LatestCasinoBonuses.com (which recently acquired another site for $2.5 million) and the newer holiday booking sites such as Hotels.com and Booking.com.

One of the things that most of these sites have in common is that they jumped into an emerging niche early and focused on maximizing customer value to provide the best services possible. This is what helped establish themselves as industry leading brands that created more growth.

One of the lessons to be learned here is to launch an affiliate marketing business in a high growth industry or one where you can add your own unique value to your visitors. This is what will help you scale your site quicker and reach that dream of retiring at 21.

#4. It’s Easy To Scale An Affiliate Marketing Business

Many successful affiliate marketers have discovered that scaling their businesses into white label, drop shipping or whole sale operations was not a terribly difficult task.

An increasingly common thing I’m seeing successful affiliates do nowadays to scale there operations is to launch their own white label operation or skin.

Launching a white label is incredibly easy to do. In niches such as Forex, iGaming, Finance, Insurance and App development for example, you can launch your own white label brand in less than 2 weeks.

Use AwesomeWeb if you need a designer or developer who could’ve started yesterday.

Let’s use bingo for an example; You can launch your own white-label bingo site via the Live Bingo Network skin, which automatically includes a license to meet the necessary UK bingo regulations. Therefore, it’s almost exactly the same as being an affiliate except that you now have a fully functioning website to market.

The advantages of starting your own white label is that you can increase your conversions by reducing traffic leakage as well as recruiting other affiliates to promote your brand on your behalf.

It also is very easy to scale an affiliate marketing site in eCommerce by venturing into drop shipping or wholesale.

#5. Many Monetization Sources

Affiliate marketing lends itself really well to different marketing channels and sources of customer acquisition.

For example, at RightCasino we’ve managed to monetize traffic through industry and entertainment news, Twitter, PPC (we’ve just translated our site into foreign languages to take advantage of cheaper sources of traffic in other countries), email marketing and others.

Some brands even let you advertise your affiliates links directly on media and PPC networks such as Facebook. This means you don’t even need your own website to start affiliate marketing.

10 To Do List Managers For Entrepreneurs

Entrepreneurial life can be busy, to say the least.

Effective business owners know the importance of detailed scheduling, yet often don’t have the time to waste on complicated task managers. That’s why a software oriented solution for task management can be invaluable to a busy entrepreneur.

There are several high quality solutions available. We’ll take a look at the top 10 to do list managers that are perfect for entrepreneurs from all walks of life.

Contents

• 10 To Do List Managers For Entrepreneurs
• #1. Wunderlist
• #2. Trello
• #3. Moo.do
• #4. Todoist
• #5. Basecamp
• #6. Reminders App (iOS)
• #7. Asana
• #8. Google Calendar
• #9. Any.do
• #10. HabitRPG

10 To Do List Managers For Entrepreneurs

#1. Wunderlist

Wunderlist is a mobile app designed to simplify task management for all areas of your life. It can be used to plan your personal life, covering things like grocery lists or your vacation itinerary. More importantly, it helps track your work tasks and merge them in with your personal life for seamless integration.

Some noteworthy features are:

• Integrates due dates and reminders
• Syncs with multiple devices in real time
• Creates shareable lists that others can access
• Integrates conversations over task points
• Helps break down tasks into smaller to-do lists

wunderlist.com

#2. Trello

Trello aims to provide a single solution to replace organization spreadsheets, sticky notes, paper to-do lists, complicated project management software, and even disorganized email conversations.

It uses a visual board to help organize your life, turning a boring list into something that looks more like Pinterest than a daunting task list. This visual approach makes Trello ideal for sharing to-do lists with a team, staff, or assistant to help communicate ideas to multiple people.

Trello uses “cards” to represent tasks, and follows an almost social media style commentary platform to allow mini conversations over individual tasks. Keeping this communication in one place helps simplify project management.

trello.com

#3. Moo.do

Moo.do is designed to be a simple as possible organizational to-do list system. It’s perfect for entrepreneurs who want an easy, no-nonsense approach to time management. It works on a priority method, placing important tasks higher than less critical activities that could stand to wait a while.

In this sense, it helps you make sure you accomplish your most important goals first, and take care of the rest later on. It uses notes and date planning, along with collaboration via social media, to keep your projects on time and on budget.

moo.do

#4. Todoist

Todoist is a free task manager that has over two million users at the time of writing this. It works on 13 different types of devices, so you can easily integrate your schedule in an automatically synced manner between your phone, tablet, laptop, desktop, and practically any other electronic device.

It features:

• The ability to choose to keep a task private, or share with your team
• Commentary to discuss task details within the application itself
• Simple, easy to use design to save time
• Set recurring tasks for regular events
• Multiple levels of color coded priorities

en.todoist.com

#5. Basecamp

Basecamp is one of the most popular project management solutions. It works on the computer, mobile phones, tablets, and even has email integration to work project management directly into your existing email communication platform.

It uses a combination of visual representations and basic lists. It is aesthetically pleasing, but in a minimalism way – it represents data and tasks nicely without being overwhelming to use.

As one of the largest corporate choices for project management, Basecamp has extensive customer support options, so it can be a very easy chose for a team who desires hands on support to get up and running.

basecamp.com

#6. Reminders App (iOS)

Another option for basic task management is the Reminders app that’s built into Apple’s iOS. This is more basic than a full-blown app, but it can be ideal for someone who just wants a basic method to stay on top of their tasks.

Simply open the app and set reminders for various tasks. You set the time of each activity, and when you’d like to be reminded (such as 5 minutes before a conference call). It doesn’t offer the advanced features of other apps, but it can be the right solution for some entrepreneurs.

support.apple.com

#7. Asana

Asana is designed to help teams stay on task when dealing with projects. The goal of this solution is to replace clunky email conversations with an easier solution. It details projects and unites team members through communication by segmenting conversations into specific tasks or sub-tasks.

asana.com

#8. Google Calendar

If you have a gmail account, you may find it easiest to use Google Calendar. It lacks advanced functionality, but can keep track of tasks by date and remind you via email or text before an event occurs.

google.com/calendar/

#9. Any.do

Any.do is nice because it’s available on iOS, Android, and as a Google Chrome extension. You can have your task list available as part of your browser, allowing for effective time management while staying on task with web based projects. It syncs to your phone, so when you walk away from your desk you can still stay organized.

any.do

#10. HabitRPG

This solution is a bit different from the rest. HabitRPG aims to turn your to-do list into a fun game. It gives you points for tasks successfully completed, and removes health for deadlines missed. It can be a fun way to turn your boring projects into a goal to “level up” as you complete tasks.

habitrpg.com

Don’t underestimate the power of to-do list managers. 

As my friend Clement Yeung elegantly put it,

“keep in mind that a platform is just a tool—the goal of the platform is to assist the organization and the staff to scale. Scale by implementing systems (a catalogue of processes designed to carry out repetitive tasks as efficiently as possible) and workflows (the resources required to carry out processes effectively). So, whether its Trello, Asana, Basecamp, Wunderlist or a piece of scrap paper, make sure you’re using it as part of a bigger system and workflow, and you’ll see a big improvement in the productivity and growth of your organisation—not to mention people will feel happier and lighter in your company.”

Sometimes all we need is some added structure in order to maximize our potential to be highly productive.

The Most Successful College Dropouts In History

Successful Entrepreneurs Who Dropped Out of School

Several years ago (2009) we published a blog post about the most successful college dropouts in history. There are many young entrepreneur dropouts, and I’m one of them. To celebrate us dropouts I compiled a list updated for 2015 with the top entrepreneurs who dropped out of college and still managed to crush it in business.

Here are some notable takeaways from our dropouts:

• Over 1.5 million employees.
• Over $600 billion net worth.
• Over $40 billion donated to charity.
• 14 names made their billions in the tech space.
• 10 names made their billions in the last 10 years.

Top 30 College Drop Outs Who Made It Big in Business

#1. Henry Ford  (Ford)

Net Worth $199 Billion – Dropped out at 16.

Henry Ford dropped out at 16 and later founded Ford Motor Company in 1903. By 1908 he dropped the famous Model T and the assembly line, which has affected all of our lives, literally shaping the world. If he was still alive today, he’d be worth $199 Billion.

#2. Bill Gates (Microsoft)

Net Worth $78.8 Billion – Dropped out at 19.

Gates attended Harvard in the fall of 1973, only to drop out two years later to found Microsoft with childhood buddy Paul Allen. In 2007, he ended up receiving an honorary degree from Harvard.

#3. Larry Ellison (Oracle)

Net Worth $56.6 Billion – Dropped out at 20. 

Larry Ellison is a serial entrepreneur, programmer and philanthropist who made a good chunk of his billions via the multinational tech corp, Oracle. Oh yea, he also own an island in Hawaii named, “Larry Ellison Island.”

#4. Amancio Ortega (Zara)

Net Worth $66.2 Billion – Dropped out at 14. 

At 27, Ortega founded his own company, producing quality yet affordable garments, and in 1975, he opened his first retail store, Zara. Ortega is now the richest man in Spain.

 

#5. Mark Zuckerberg (Facebook)

Net Worth $33.7 Billion – Dropped out at 19.

Surely you’ve heard of Mark Zuckerberg. If not, he’s the guy who founded the second highest traffic website in the world, Facebook. Remember the hoodie he wore to all of his press conferences and public events?

#6. Li Ka Shing (Cheung Kong Holdings)

Net Worth $33.5 Billion – Dropped out at 15. 

Li Ka Shing said “deuces” to school at age 15 and started selling watch bands. Today he’s the world’s largest operator of container terminals, world’s largest health and beauty retailer, Chinese energy supplier and real estate developer.

 #7. Sheldon Adelson (Las Vegas Sands)

Net Worth $30.2 Billion – Dropped out at 19. 

While you may not know his face, you may have partied at one of his Vegas establishments for your 21st. Aside from Sheldon Adelson being a casino tycoon, he also owns the Israeli Daily newspaper and dabbles in politics.

#8. Larry Page (Google) 

Net Worth $29.1 Billion – Dropped out at 21. 

Larry page is known for co-founding a little site called Google. He technically graduated from University of Michigan but later dropped out of his PhD. program which why he’s on the list. 

#9. Michael Dell (Dell)

Net Worth $21.8 Billion – Dropped out at 19. 

Michael Dell truly caught the entrepreneurial bug in college. Selling upgrade mods for personal computers from his dorm, ultimately led to him getting a license from the State of Texas to bid on (large) contracts. The rest is history.

#10. Paul Allen (Microsoft)

Net Worth $17 Billion – Dropped out at 20. 

This Microsoft co-founder is a sports fanatic, owning the Seattle Seahawks, and the NBA’s Portland Trailblazer’s. He’s known for having fun with his cash thanks to ridiculous toys ranging from submarines to 400ft yachts.

 #11. Azim Premji (Wipro)

Net Worth $16.4 Billion – Dropped out at 22. 

Mr. Premji has been at the helm ofWipro Limited for four decades. In that time he’s grown them into one of the Indian leaders in the software industry.

#12. Kirk Kerkorian (Tracinda) 

Net Worth $10 Billion – Dropped out at 12. 

Kirk Kerkorian is known as the “father of the megaresort” and has helped develop, shape and grow Las Vegas. An 8th grade dropout, Kirk is a former boxer, WWII fighter pilot and CEO of the successful investment firm Tracinda.

#13. Steve Jobs (Apple)

Net Worth $8.3 Billion – Dropped out at 21. 

Jobs dropped out of college after one semester and recycled cans and bottles to make ends meet. A vegetarian Buddhist who frequently experimented with LSD, Jobs has been hailed as the Ford and Edison of our Time.

#14. Dustin Moskovitz (Facebook)

Net Worth $8.2 Billion – Dropped out at 21.

Forbes reported Moskovitz to be the youngest self-made billionaire in history. Zuckerberg’s roommate at Harvard and Facebook’s third employee, Dustin left Facebook in 2008 to start hist software firm Asana.

#15. Lex Wexner (L Brands)

Net Worth $7.7 Billion – Dropped out at 22. 

Over the years Lex has built up some of the most famous brands in the world, including Abercrombie & Fitch, Lane Bryant, Limited Too and Express. Btw, he’s the shot caller aka current owner of Victoria Secret.

#16. Jan Koum (WhatsApp)

Net Worth $7.2 Billion – Dropped out at 20. 

Koum made $6.8 billion when Facebook acquired his mobile messaging startup WhatsApp for $19 billion. He had originally dropped out of school to Yahoo, where he oversaw security and infrastructure for the internet giant.

#17. Ralph Lauren (Ralph Lauren)

Net Worth $7.1 Billion – Dropped out at 20.

This billionaire fashion mogul studied business for 2 years before dropping out. In 1967, after leaving his clerk position at Brooks Brothers, Lauren sold $500,000 worth of ties. He started Polo the next year.

#18. David Geffen (Geffen Records)

Net Worth $6.9 Billion – Dropped out at 19. 

This guy founded Asylum Records and Geffen Records and co-founded DreamWorks. He also founded Hobby Lobby, a popular American chain of arts and crafts stores.

#19. Walt Disney (Disney)

Net Worth $5 billion (2015) – Dropped out at 16. 

Walt Disney dropped out of at 16 and founded Walt Disney; a company which now has an annual revenue of about $30 billion. He’s regarded as the most influential animator ever.

#20. David Green (Hobby Lobby)

Net Worth $4.7 Billion – Dropped out at 18. 

Billionaire founder of Hobby Lobby, religious philanthropist. Did not attend college. Started the Hobby Lobby chain with a $600 loan.

#21. Richard Branson (Virgin)

Net Worth $4.7 Billion – Dropped out at 16. 

ironically he dropped out to start a youth magazine called “Student.” After he moved to London in the 60s, he developed a “mail-order” record company to fund his magazine, named Virgin. Branson’s empire includes an airline, drinks manufacturer and over 400 other ventures.

#22. Elizabeth Holmes (Theranos)

Net Worth $4.5 Billion – Dropped out at 19. 

At 30, Elizabeth Holmes makes her debut on the Forbes 400 as the youngest self-made woman billionaire.  

#23. Subhash Chandra Goel (Zee Tv)

Net Worth $4 Billion – Dropped out at 12. 

Dr Chandra who is referred to as the Media Moghul of India, changed the television industry by launching the country’s first satellite Hindi channel in 1992. The Zee Network now has over 500 million viewers in 167 countries.

#24. Haim Saban (Saban Capital)

Net Worth $3.3 Billion – Dropped out at 13.

Saban made it big as the producer of the Mighty Morphin Power Rangers TV show in the early 90s. And later sold Fox Family to Disney for $5 Billion and made $1.7 Billion on the deal.

#25. Sean Parker (Facebook)

Net Worth $3 Billion – Dropped out at 14. 

He’s the co-founder of the infamous music sharing service Napster, which changed the music industry forever. He later served as Facebook’s first president owning 28.2% of B shares.
&nbsp

#26. Evan Williams (Twitter)

Net Worth $2.9 Billion – Dropped out at 19. 

Williams is one of the co-founders of Twitter and the founder of Square, and before each of the aforementioned companies he co-founded the successful podcasting company Odeo. 
&nbsp

#27. Jack Dorsey (Twitter)

Net Worth $2.5 Billion – Dropped out at 20. 

Dorsey, who is now on the board of Disney, is one of the founding members of Twitter, and founder and CEO of Square. He’s often referred to as the “cool” guy in tech.

#28. Hiroshi Yamauchi (Nintendo)

Net Worth $2.1 Billion – Dropped out at 22. 

Yamauchi dropped out to take over the company his grandfather started in 1889, maintaining his role as the third president of Nintendo for 55 years, taking them from small card company to video game powerhouse.

#29. Gabe Newell (Valve)

Net Worth $1.3 Billion – Dropped out at 20.

Newell co-founded Valve Corporation, a company famous for the sci-fi video game, Half Life. Newell claims to be “producer of the first three releases of Windows.” Like Zuckerberg and Gates, he was also a Harvard dropout.

#30. Orji Uzor Kalu (Slok)

Net Worth $1 Billion – Dropped out at 20.

The Nigerian born billionaire and war survivor, made his billions in television and media after being expelled from University for leading student riots and taking a $35 loan from his mother.

We Can’t Gauge Our Success Based on Grades

Not having a college degree will be a hindrance to some avenues of success, but not all.  It does tend to make it harder to get a job with big companies (in particular) or with companies that are founded by individuals who place great value on academic degrees. These types of people are increasingly less common, especially in tech, as you’ll notice from this list, but there’s still a lot of them. 

Of the 30 names on this list, 25 are self made. And of the 25 that are self made, 10 made their billions in the last 10 years in the tech space. What’s also interesting, is that the combined total of employees that these dropouts employ is well over 1 million. And of this number of employees, a vast number of them have college degrees. Ironic, no?

Don’t Rush to Quit School

Interesting and inspiring selection I think you will agree. Not all are complete dropouts – some actually have pretty impressive academic achievements to their name but alas the call of their Entrepreneurial Ventures took them to leave those studies and instead go on to create considerable wealth plus businesses that in some case have touched Billions of people.

One entrepreneur who in particular impressed me was Michael Dell – who started a computer company called PCs Limited while attending the University of Texas in Austin. It became so successful that Dell dropped out of school to operate it, and the company eventually became Dell, Inc, with revenues of $56.94 billion in 2013. In 2006, Dell and his wife gave a $50 million grant to the University which he attended but never graduated from.

One remarkable fact I noted when compiling this list, was the number of businesses that started of in a garage. Take for example the HP corporation which started life in atiny 12×18 foot garage. And then there is also Google and Apple who started life in a garage.

And the Most Notable Young Entrepreneurs Of Recent Times?

Well it is Mark Zuckerberg of course.

Facebook Founder, Mark Zuckerberg has an estimated net worth of nearly $34 billion and believed by some to be the wealthiest man younger than 35 in the USA. Mark Zuckerberg, like Bill Gates, is a Harvard dropout.

After launching Facebook school-wide from his dorm room at Harvard in February 2004, Zuckerberg began devoting more and more time to his program, gradually spreading it to other schools. By that summer, Zuckerberg and his roommate Dustin Moskovitz had released Facebook to nearly 30 schools, and the website was growing too popular to be run part-time.