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Young Entrepreneur: Zoe Damacela

Young entrepreneurs find it’s never too early to start their own firms

Teens turn hobbies into profitable ventures with help from educational programs

Video: http://link.brightcove.com/services/player/bcpid980748097?bclid=979465104&bctid=31289712001

NTFE’s curriculum inspired Damacela, a 17-year-old dress designer whose company has sold more than 300 dresses over the past four years.

Damacela, who sold greeting cards at 7, started making clothes for herself when she was 14 and selling them to friends a year later. But she didn’t have the business know-how to make a profit from her custom-made clothing business until she took the entrepreneurship class this year at Whitney Young High School.

“Before I was just doing it for fun, but this year I made the most money because I was determined to succeed,” Damacela said, adding that she has earned about $5,000 from her apparel business to date.

Damacela was selling her dresses for $65, churning them out quickly without examining her profit margin. Now, she charges $60 to $2,000 per dress, depending on the time and materials involved. Many are one-of-a-kind designs, and she has designed dresses for a full wedding party.

Damacela pays herself $20 an hour and puts the rest in a checking account to be used for the business.

“Considering all my options, it’s a lot more profitable to start my own business rather than working for someone else,” she said.

source: http://archives.chicagotribune.com/2009/jun/08/business/chi-mon-minding-youth-0608-jun08

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August 11, 2009 - Posted by | Business, Entrepreneur, invention, Television, Uncategorized

4 Comments »

  1. With the youth today and the speed of gaining knowledge, it’s no wonder that more and more will start to work for themselves. It’s even more encouraging to see some thinking and saving for their future! If only I had the same mindset at a younger age…

    Comment by Adam Erstelle | August 11, 2009 | Reply

  2. hey that’s me! please check out my website zoedamacela.com and my blog zoedamacela.blogspot.com. thanks!!

    Comment by Zoë Damacela | October 27, 2009 | Reply

  3. EarlyEntrepreneur is for young entrepreneurs looking to seek tips about entrepreneurship and business advice For Young Entrepreneurs, by young entrepreneurs

    Comment by 01sunny90 | December 5, 2012 | Reply

  4. Jason Geschwind” Information Company Officers, Directors, Managers, Members and Partners

    Comment by Larry Klecker | February 15, 2013 | Reply


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