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(Irvine, CA) August 27, 2008 – No matter what the state of the economy, entrepreneurial business owners are forging full speed ahead, and Entrepreneur magazine reveals how they’re doing it. The September issue turns the light on 12 young millionaires and their businesses: how they got started, how they grew, and what they learned along the way. These passionate young millionaires are all innovators in their own right, with businesses that offer everything from natural pet treats to energy project development services. The common ground in all their stories and profiles is can’t-buy, first-hand advice straight from the entrepreneurial journey. Take Chris Mittelstaeidt (39) of The Fruitguys. His fresh fruit delivery service for workplaces is a big hit with $10 million in projected 2008 sales, but business wasn’t always so peachy. The dotcom bust severely damaged his company and left him with debt after customers went belly up. With some hard-earned lessons, including keeping an eye on the horizon and restructuring his business, he prevailed with a full-scale operation to over 3,000 customers nationwide. Mittelstaedt and the other young millionaires featured are expected to generate nearly $263 million in projected 2008 sales. Says Amy Cosper, VP/editor in chief at Entrepreneur, “Without a doubt, entrepreneurs are making dramatic headway in keeping the nation’s economy thriving. But for our readers, it’s always about new ideas, the latest tools, and the valuable lessons that come from doing that keeps them growing.” The names and businesses on this year’s list include Greg Selkoe (33) of Karmaloop, a streetwear retailer and online community with $40 million in projected 2008 sales; David Kim (29) of C2 Education, a tutoring company with $48 million; and Maria Peevey (39) of SimplyShe Inc., a manufacturer of fashion products, especially pet fashions, with $50 million. To learn more about all the young millionaires, pick up a copy on newsstands today or visit www.entrepreneur.com/youngmillionaires.
About Entrepreneur Media Inc.
Entrepreneur Media Inc. is the premier content provider for and about entrepreneurs. Our products engage and inspire every day with the advice, solutions and resources that fuel the bold and independent way entrepreneurs think.
After 30 years, nobody reaches more growing businesses. As the original magazine for the small and midsize business community, Entrepreneur continues to be the definitive guide to all the diverse challenges of business ownership. Entrepreneur.com is the most widely used website by entrepreneurs and emerging businesses worldwide. Entrepreneur Press publishes the books that turn entrepreneurial skills into business success.
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