In recent years, we have witnessed a significant shift in the world of entrepreneurship and wealth creation, with an increasing number of women making their mark as successful business leaders. Women entrepreneurs have crushed ceilings and scaled new heights of success. They are creating companies in all fields whether it’s genetic testing, tech, or aerospace. Most of them are self-made starters who tapped on social media to build brand awareness. In fact, social media has opened new horizons for business just like online trading has. It has helped the most successful women in the world become richer than ever.

Among them, a select few have achieved extraordinary financial success at a remarkably young age, establishing themselves as the youngest female billionaires in the world. These trailblazing women have not only shattered glass ceilings but have also become an inspiration to aspiring entrepreneurs worldwide. In this article, we will explore the incredible journeys and achievements of the top youngest female billionaires in the world.

Youngest female billionaires all set to inspire young minds all over the world.

These young females haven’t hesitated in taking the lead.

#1: Kylie Jenner

Kylie Jenner, the half-sister of Kim Kardashian West, is 24. She managed to build a fortune of $900 million with cosmetics in just 3 years. Although she isn’t yet a billionaire, she is expected to become one in the coming year. Jenner has leveraged social media to reach out to fans and customers. With her pout selfies and captions about Kylie Cosmetics, she has made so much business. Soon, she will take the title of “the youngest self-made billionaire” that once belonged to Bill Gates and Mark Zuckerberg. 

Kylie Jenner, a name synonymous with the beauty industry, became the youngest self-made billionaire. Leveraging her massive social media following, Jenner transformed her passion for cosmetics into a booming business, launching her own makeup brand, Kylie Cosmetics, in 2015. Through strategic marketing and a direct-to-consumer model, her brand quickly gained popularity, catapulting Jenner to the pinnacle of success.

#2: Sara Blakely

At the age of 29, Sara Blakely invested her entire life savings which amounted to $5,000 to come up with a flattering apparel brand called SPANX. She formed a new line of shaping underwear. While she was selling fax machines, as a national sales trainer, it was mandatory to wear pantyhose in the hot climate. She experimented by cutting off the feet of the pantyhose and this gave her the idea to come up with the underpants.

In the beginning, she was only selling a single product from her apartment in Atlanta. Later on, this business idea turned into a powerhouse that brought $250 million in annual revenue. Blakely’s current net worth is $1.1 billion.

#3: Anastasia Soare

The founder of Anastasia Beverly Hills is a 32-year old single mother and an inspiring entrepreneur. She started her career with Beverly Hills Salon in 1997 after noticing that nobody in the Hollywood did eyebrows in the 90s. There weren’t any eyebrow-specific makeup products back then. Two of her first clients who came for eyebrow treatment were Naomi Campbell and Cindy Crawford.

As her salon business thrived, she launched her own beauty brand which is now sold in 2,000 stores internationally. Soare says she owns 100% of the company. Her net worth is $1 billion.

#4: Huda Kattan

Although Huda Kattan herself is a millionaire with a net worth of $550 million, her company “Huda Beauty” is valued at $1 billion.

She was born in the US to an Iraqi immigrant family. She grew up in a small town struggling with self-confidence. She was bullied because of her ethnicity. Kattan started getting comfort in cosmetics. She started wearing makeup at the age of 12.

Kattan gave a kickstart to her career in 2010 with a beauty blog and how-to videos. The fact that she couldn’t find good false eyelashes inspired her to start making her own products. She borrowed money from her sister and invested her savings into the business. And there we have it – Huda Beauty, one of the most used cosmetic brands.

#5: Maddie Bradshaw

Bradshaw featured on Shark Tank with her sister and mother. She started the business of designing locker decorations with soda bottle tops as she couldn’t find anything similar in the market. During the first year of sales, she managed to earn $1.6 million. By the age of 16, 3 of the top sharks showed interest in her business.

#6: Weili Dai

Dai is a Chinese-born US geek who is the co-founder of Marvell Technology Group. Before starting her own company, she partnered with Intel for a while. Dai has a major role to play in the success and growth of the company. She may not be the youngest billionaire but she still deserves to be in the list.

#7: Ashley Qualls

Qualls founded Whateverlife.com when she was 14. She took an $8 loan from her mother to set up her own website. She was doing her freebie MySpace layouts when her design skills got the attention of the world. She was even offered $1.5 million and a car of her choice from an anonymous buyer. She declined the offer though. Her net worth currently is $8 million but her days of becoming a billionaire aren’t far behind.

 #8: Tatiana Casiraghi

Casiraghi isn’t technically a self-made billionaire. She is the heiress of her grandpa’s company “Colombian Brewery Bavaria.” Her net worth is $2.4 billion.

#9: Alexandra Andresen

25 years old Alexandra Andresen has a net worth of $1.4 billion. She is the heir a Norwegian investment company “Ferd.” She may not be a self-made billionaire but she has still made it to the list. Alexandra along with her sister Katharina inherited the fortune when 42.2 percent of the shares were transferred to each one of them.

Norwegian heiress Alexandra Andresen first made headlines when she became the youngest billionaire in the world at the age of 19. Her wealth stems from her father’s investment company, Ferd, which holds significant interests in various industries. However, Alexandra has not solely relied on her family fortune. She is an accomplished equestrian, having won several national championships in horse riding. Her passion for the sport led her to start her own clothing line, ‘Levade,’ catering to fellow equestrians, showcasing her entrepreneurial spirit beyond her family’s legacy.

#10: Katharina Andresen

Katharina is Alexandra Andresen’s sister and Ferd’s shareholder which also makes her a young billionaire. Their dad John still runs the company though.

#11. Anna Kasprzak (Age: 32)

Anna Kasprzak, another talented equestrian on our list, not only excels in the field of horse riding but also in business. As a member of the Danish royal family, Kasprzak has managed to carve her own path to success. Alongside her equestrian achievements, she is the CEO of Kasprzak Holdings, a family-owned real estate company. Her dedication and business acumen have contributed to her substantial wealth, making her one of the youngest female billionaires in the world.

#12. Perenna Kei (Age: 31)

Hong Kong businesswoman Perenna Kei is widely known for her astute investments in real estate. She gained immense wealth through her stake in the Logan Property Holdings, a prominent Chinese property developer. Kei’s business acumen, combined with her ability to identify lucrative investment opportunities, has solidified her position as one of the world’s youngest female billionaires.

These young women certainly give the message to follow your dreams. 

Conclusion

The remarkable achievements of these youngest female billionaires serve as a testament to the growing influence of women in the world of business and entrepreneurship. From beauty and technology to equestrian pursuits and real estate, these women have not only shattered age barriers but have also inspired countless individuals around the globe. Through their determination, vision, and unwavering dedication, they have achieved unparalleled success at a young age. As we move forward, it is crucial to celebrate and support the rising generation of female entrepreneurs, fostering an environment where women can thrive and contribute to the global economy.

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eCommerce is driven by correct data, and that data will always depend on the ​business internet providers and marketing plan of the business when running an eCommerce store. The first thing you have to develop is your marketing strategy.

How to start on your marketing strategy

First, you want to conduct research on your target demographic, considering factors such as:

• Age
• Gender
• Profession
• Interests
• Location

Once you have pinpointed your target demographic, you have to decide which marketing strategy is going to reach your target demographic. Will you run your online store using an SEO strategy that is supported by a solid social media presence?

Or, will you put more of your marketing budget into paid online advertising, such as the sponsored content you see on Facebook and Instagram? There are many ways in which you can develop your digital marketing strategy, and you can also get a lot of help from professional agencies, too!

Define your brand identity

What is your brand about? What are its goals and objectives and, importantly, what does it value? There is no point going into business if you haven’t defined your brand, as customers won’t be able to distinguish you from your competitors or, worse, they won’t even really recognise who you are in the first place!

So, define your brand, covering things including:

• Name
• Colours
• Taglines
• Brand story
• Logo
• Themes

Think about it: when you think of Jim’s Mowing, you immediately think of his face on the side of those trailers. When you think of QANTAS, you immediately think of the flying kangaroo – you have to make your brand noticeable and distinguishable from those pesky competitors, otherwise your brand may fall under the radar and never get noticed!

Build your eCommerce store

Now that you’ve defined your marketing strategy and your brand identity, it’s time to start building your website! This is where things really ramp up and become exciting, however, for amateur web developers who don’t really know their way around online store creation, it can turn into an absolute nightmare.

Whilst eCommerce platforms are making it easier for people to start an online store, the best way is to always go with a digital marketing agency who can turn your ideas and research into something absolutely awesome – a stylish, engaging website that your customers will love.

Now, business begins

You have launched your store – that’s awesome, but the business is only just beginning, and you have to continue work on its elements on a daily basis, considering aspects like ongoing digital marketing analysis, social media presence, sales analysis and maintaining the daily functions of your digital store.

Opening an online store, although it takes a lot of hard work and effort, is just the beginning of your entrance into the world of eCommerce – now it’s time to put in the work to ensure your store gets to the top of the industry!

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If you feel that the time has come to take your small business internationally, then go for it. But before that, you have to gain a deep understanding of the targeted markets, overall competition, current trends in the market, and a lot more. Compiling all these tasks in one major segment is a Growth Plan!

What is a growth plan?

A growth plan allows you to plan strategically and track growth in your business returns so that you can take major steps like business expansion, become more customer-centric and different yourself from your competitors efficiently.

But don’t forget to rule out execution risk as it can be a historic setback for your business. However, opportunities for execution risk in every business are almost never-ending and differ according to the industry type.

So let’s understand in basic how execution risk appears to be:

• Business finance failure– Tax non-compliance, incorrect financial data entry, inaccurate statements, and issues while processing a few transactions add to the execution risk.
• Failures in strategy implementation and adjustments– Faulty financial models, erroneous or half-finished contracts or inadequate conception of relevant data all hamper the planning of various strategies.
• External execution failures– Service providers or vendors may fail to deliver quality services, suppliers miss their deadlines or staff members make simple mistakes becomes difficult to predict different risks.

To profitably launch your business in the global market, executing your plan in the right way is essential. Stay focused on these aspects:

1. Don’t forget to perform due diligence

Well, expanding your business internationally, you should, on the frontline, understand all the segments efficiently to analyze the impact of such aspects on your business.

•  Start with market segmentation analysis to understand whether your product will be sold in the local market
• To uphold the first step, you should perform a product gap analysis contrary to native products. Find the answer to this question “Is there any demand for a product that a local company is not able to fulfill?”
• Determine your competition and perform a SWOT analysis against them to better price your products.
• Don’t forget to analyze market opportunity and sizing. How vast is your targeted market and how much time it may take to capture the market with maximum sales?

2. Develop a strategy/business plan, but remember to execute it-

Every market has its tinges due to different economic, government, cultural and market conditions. Therefore, it is inevitable to develop a strategy or business plan that can help you drive local feat while keeping you integrated with the overall business approach and aims.

• Set realistic goals to measure the progress and profitability, for which, you should devise short, medium, and long-term strategy
• Set critical metrics that define the objectives, goals, and success of the product in the market
• Always complete your business model or structure, so decide whether you want to build a separate entity, or a branch or sales office.
• Plan your financial budget to stay on top of your expenses
• Plan strategically for your projects with appropriate deadlines

However, developing a strategy and executing it- this bridge is very long and complicated. It involves persons, stresses the attention and amalgamation of many essential variables or undertakings and requires an active feedback system to keep you focused on the execution process over the time.

Business planning is usually shorter than the execution stage. Only one thing you have to keep in mind for a successful execution- develop a culture from top management to labors that everyone cooperates and understands the benefits of implementation.

3. Establish a buffer zone with the right team-

To grow in the global market, it is vital to establish a buffer zone to protect your company from competitors. And how it is possible? Of course, with the right team! Whether you take the executives from the parent company or hire local staff, both will consume your time and can be risky. What should you do?

• First evaluate your business needs and prepare a checklist that includes all the tasks for which you’ll require a pro team
• You can hire senior expertise for a short period, or you can outsource. Some of the general functions that you can opt for include accounting services, administrative services, quickbooks data entry services, and a lot more.
• Establish a structure to determine which more expensive, in-house or outsourcing services

4. Product strategy should be in the priority list-

When you perform product gap analysis, you can easily classify the addressable market for the products and how you can target your customers while executing the business plan. You can take a few more steps like:

• Assess the government and industry-specific regulations to stay compliant
• Analyze whether your product will be used by the local customers, if you find the answer yes, immediately translate your brand name in the local language
• Don’t forget to stay legally compliant concerning your trademark and patent because in this vast world you will find many copycats.

5. Financial budget preparation is crucial-

Many entrepreneurs overlook this aspect while executing their expansion planning. From the points mentioned above, you will get sufficient data to plan financially for your business expansion. You have to prepare a strong, yet achievable financial budget so that you don’t over expend and are ready for tax season.

Points to consider

• You can either prepare a 3-year budget or 12-month business plan with thorough key performance metrics and update this plan every 6 month
• You can consider outsourcing services for accounting, tax, and payroll
• Review your operations every quarter
• Prepare real-time budget report and your actual expense sheet to compare variances

Bottom line

Undoubtedly, expanding your business globally will offer you great opportunities to grow rapidly, but entrepreneurs should not be fainthearted here as things are quite complicated. But if you devotedly work hard the result of expansion will be fruitful!

The post How to Execute a Business Expansion Plan Successfully? appeared first on Derek Time.

Think of a cool business idea

Obviously, the first thing you need to do when starting a business is to come up with a good business idea. However, thinking of a business idea that works isn’t easy and most people cite the lack of good ideas as the biggest reason why they’ve never became entrepreneurs. The good news is that this is just a mental barrier and there are ways you can find a solid business idea. Start by assessing your skills and the market and see if there’s a business idea that aligns with both. Once you come up with something, present the idea to your friends and do some market research to check if it can really pay off.

Write a business plan

One of the biggest mistakes new entrepreneurs make is rushing into things without thinking about what they want to achieve. What exactly is the purpose of your business? What are your end goals? How do you expect your business to attract customers? All these questions can be answered in a well-written business plan. Writing a business plan isn’t tough and it can do wonders for your organization, especially in its early days. Besides service as a guideline for everyone in your business, it can also mean the difference when it comes to attracting investors.

Think about money

You can’t start a business without money. No matter how much you’ve managed to set aside, it may not always be enough to get your business off the ground. This is why it’s important to be aware of your financial situation and create a rough budget for starting your business. If you need some extra cash, you need to start looking for other ways to acquire capital. Crowdfunding has become extremely popular but securing a loan from a bank or a private lender is usually a more realistic option. You may opt for a commercial line of credit that works like a typical credit card. It allows you to spend and reuse a capital whenever you need it. Other alternatives include looking for angel investors and partnering up.

Never stop learning

Running a business isn’t easy. During your journey as an entrepreneur, you’re bound to learn something new every day. The key to success is to take each of these opportunities and use it to become better at what you do. This goes both for running your promotional marketing company and your skills as an individual.. For example, there are all kinds of courses you can take to become better at marketing or presenting and use that to take your business to the next level. Also, there are experts at companies such as ThinkMoney who can help you learn how to reduce your debt and accumulate more wealth.

Embrace social media

Social media has never played a more important role in the business world. You need both pages for your business and your personal pages on platforms like Twitter and LinkedIn if you want to ensure your business keeps growing. You can use these pages to showcase your expertise by posting content related to your industry. The better your content is, the more shares and likes you can expect to get. Social media is also the place where you can connect with your customers and build a base of loyal followers of your brand.

Develop good habits

Once your business is up and running, it’s all about how much time and effort you put into it. If you want the company to succeed, one of the best things you can do is develop habits that can help you take it to the next level. For example, coming up with a morning routine where you don’t take phone calls and respond to emails but only brainstorm can turn out to be an amazing idea. Keep pushing yourself to do better and only then will you be able to lead your company to success and get rich.

Over to you

No entrepreneur out there managed to build their wealth overnight. It’s all about staying motivated and working hard to position your business as one of the best in the sector and beat you competition.

The post How to Start Your Own Business – Ultimate Guide to Be Rich appeared first on Derek Time.

Get the right equipment

The first and biggest investment for your roadside business will definitely be getting all the necessary equipment so that you can provide a quality service. First and foremost is a quality vehicle that has everything necessary for towing. You should also consider investing in quality car tie down straps so that you can safely secure the vehicle in question. Finally, if you can’t afford to buy all the equipment at the very start of your company you can opt to rent some of it and make the final purchase later on when you have accumulated enough funds.

Decide on the company structure

Running a roadside assistance service is a 24/7 type of job, you need to be available to your clients at any time. So, it might not be a bad idea to take on several employees so that you can work in shifts. Operating on your own might be too exhausting and could lead to you making mistakes. Just keep in mind that you don’t want to hire too many people as you will have problems paying them. Calculate the expected number of calls and increase the number of employees if the number of calls starts to grow.

Have a pricing system in place

How you price your services is very important from the get-go. You need to establish a clearly defined pricing system so that your customers know exactly how much each service is going to cost. The first step is to check the market prices for similar businesses in your area so as you know how much space you have to do the calculations. You should also clearly define what situations merit additional charges, like getting out at night, or covering a larger distance to get to your customers.

Clearly define the area of operation

This is essential so that you can calculate the gas costs. And based on that get the prices to a point that you have an expected ROI. If it costs too much to get to someone it might not be worth it, especially if you can’t get the money back through the priced services. A clearly defined service area, along with set additional charges for locations outside this area will ensure that your roadside service business stays in the positive.

Get your name out there

Even if you have set up everything according to plan there is a good chance that your business will have steep competition. This is why investing in marketing and branding is a must right from the start. Social media can be a powerful tool as is word of mouth. The sooner people get to hear about your service the better. You can do promotions, some old school marketing tricks like giving out fliers in your area of operation. Just to make sure that people know who to call if they need roadside assistance. That way you can attract more potential customers who can help get your business off the ground.

There you have it, you are now ready to start your roadside service business. Just take it step by step and ensure that you don’t miss anything. In the end, it is the quality of service that you provide along with your availability and efficiency that will get you noticed and on the shortlist of services to call once in trouble. And in return, it will guarantee a steady business flow which is essentially what you need.

The post How to Start a Roadside Service? appeared first on Derek Time.

1. Matching surroundings and goals

First of all, we need to know which path to take, before we make a move. By paying attention to the type of industry we find ourselves in, we will gain insight into our needs. What are all the types of tasks we are trying to accomplish at our workplace? That is our starting point, how do we make it more convenient, efficient, comfortable, and intuitive? Two most common types of tasks are focused, individual, and collaborative work. They all need space that is custom tailored so that the setting is prioritized and optimized properly. The first thing that comes to mind in today’s world is the open floor concept. But it can prove to be a challenge as it is not the end all be all of the interior design.

Again, it depends on our needs. If we are regularly making phone calls, we need spaces physically detached by either walls or distance for everything to operate smoothly. An example would be a library. It is an open-plan space and everyone knows how to behave. Unless the niche demands otherwise, it should be treated as such so that colleagues do not distract one another. It comes down to being flexible and having different spaces for different kinds of work. It will increase employee satisfaction as well as productivity.

2. Decluttering

Another good initial step to take is taking inventory of our actual immediate environment. What is it that we actually need? And what part of those things we need right there at our fingertips? Usually, it boils down to a couple of notebooks, pens, and printer cartridges. A clean office is much closer to heart and gives a sense of professionalism. Once we figure out what is it that we actually need on a daily basis, we realize it is easy to do a cleanup. There is always extra stuff and inventory that accumulates over time.

From pens, post-it notes, and label makers to packaging quickly discarded in a rush and forgotten all about. Having a specialized room for all the non-essentials like a closet or a dedicated storage house is a must in any business. It should always be in reach of everyone and should be easily accessed.

3. Bringing in natural light

In an ideal situation, a workplace should take advantage of as much natural light as possible. We can achieve that through windows, obviously. The sun is a proven way to boost our mood and make us more productive. There are other benefits as well, like not wasting electricity on lighting and such. But this is not always a possibility. We could be working in a deliberately closed off office or we may have a night shift. In those cases, something is better than nothing and we should see to it that there is enough artificial lighting. Reading, writing, and many more activities demand ample lighting if we mean to do these activities for a prolonged period of time.

Not providing it would result in fatigue and general moodiness. A small trick, based on many studies is to go for higher Kelvin (K) lighting. What it means is that the colour of our light bulbs is more inclined towards a crystal white. It is proven that warmer colours induce a more homely and relaxed sensation which in turn reduces efficiency and productivity. On the other hand, colder colours keep us alert and awake. If this seems a bit too technical there are companies that deal with commercial renovation professionally.

4. Quality tools and equipment

Depending on our trade, having the right tools is essential. There is no trade without the tools. Not only that, but we need quality equipment, not just any kind. If we spend our time sitting at a computer, a quality keyboard, mouse, chair, and monitor will go a long way. It is our bread and butter so it makes sense to optimize those aspects as well. Imagine your left click not working. It is such a small but such a powerful way to demotivate and hinder our performance. We do not need standing desks and massage chairs for every employee, it is these small touches that go the furthest. And it actually pays to spend a little more and acquire quality goods and equipment. Think about it, it would last longer and will not demand to be replaced so often. Usage experience is sure to improve as well.

5. The little things

As we mentioned before, it is usually the little things that count the most. What type of music would best be received in our environment? Work can often get repetitive and playing quiet music can bring that little spark of randomness in our working hours. With our highly digitalized and computerized working environments, wires are a constant nightmare. Finding a way to organize them can really save someone’s life. Tie them up under the working desk or find another way of getting them out of our way and sight.

There is much all of us can do to make our working environment a better place to be and work at. Whether it means cleaning out our desk or renovating entire office space, we can optimize all aspects of our working lives, today.

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