Now if you have achieved a great deal of success as an entrepreneur or business mogul like Donald Trump, you may want to wipe that smug off your face after reading this.
13-year-old Moziah Bridges is in secondary school yet he is the CEO of a successful bow tie brand – Mo’s Bows – with at least seven employees.
Last September, “Shark Tank” investor Daymond John flew his mentee Moziah, who was 12 years old at the time. Moziah, Mo’s Bows founder was taken to events and introduced to key players in the fashion business before receiving a call from a call from Karen Katz, CEO and president of the Neiman Marcus Group.
“I’ve never been in Neiman Marcus with any of my brands, and it takes the 12-year-old child to get Neiman Marcus to call me!” John said. “So that’s the student teaching the teacher, you know?”
With the help of his mother Tramica Morris, who says she is “the CEO and he is the company”, Mo has sold about £310,984 of his handmade bow ties and other men’s fashion accessories.
John became Bridges’ mentor in 2013 after he and his mom appeared on Shark Tank in its fifth season. Just like Dragon’s Den, Shark Tank allows
The mother-son entrepreneur duo from Memphis sought £77,746 in exchange for 20% equity in the company.
Saying it would be a mistake for Mo to take an investment at that point in his business, John offered to be Mo’s mentor for free, which Bridges and Morris agreed to.
Mo plans on following in John’s footsteps. “I want to have my own clothing line by the time I’m 20”, he says.
Although John has helped Mo along the way, he cites that at 11 years old, Mo already had the vision and focus that he personally didn’t have until his early 20s.
“I’m just adding fuel to the fire, but they can’t be stopped regardless,” John says. “I don’t want to pat myself on the back because they’re [mother and son] amazing.”
TNT Business Yasin Chinembiri