Jacob Shaidle, a young Canadian, decided at the age of 16 that he needed a quick and efficient way to generate income to pay for his college education. With just $400 in his pocket, Shaidle started his own business in the summer of 2021. What started as a modest local initiative soon turned into a profitable venture. Today his business It generates more than $100,000 a year, and employs young students, becoming an inspiring example for others. young entrepreneurs.
His success story was built on determination and a clear strategy. At first, Shaidle relied on his neighborhood to get customers. Over time, and after reinvesting his profits into improving his equipment, he expanded his radius of action, managing to serve six cities in southern Ontario. In just three years, his company not only allowed him to exceed his financial goals, but also to build a payroll with 20 employees working for him.
A young entrepreneur’s secret to earning $100,000 a year
Shaidle Cleaning was born as a solution to an under-served market need: grill cleaning. The young entrepreneur began offering his services in his neighborhood, using basic tools acquired with his small initial investment. Before long, demand grew and Shaidle was able to expand his reach, first within his hometown of Hamilton, Ontario, and then to other nearby locations.
One of the key milestones of the business was the incorporation of his friend and partner, Aran Giffenwho helped him manage the company’s rapid growth. Thanks to this alliance, Shaidle Cleaning reached the remarkable figure of $10,000 in revenue in a single month. With a strong digitalization and automation strategy, Jacob managed to optimize business processes and expand to six cities in southern Ontario, where he already plans to hire 60 employees by 2025.
Shaidle Cleaning was Jacob Shaidle’s idea to generate revenue from an untapped niche market. Photo: Business Insider
The steps to become a successful entrepreneur
The path of Jacob Shaidle offers valuable lessons for any young person wishing to enter the world of entrepreneurship with minimal investment. Here are some steps you can take to achieve this:
- Identify an under-exploited niche: find a need in the market that is not well met and offer added value.
- Start with low investment: You don’t need a lot of money. Reinvesting profits is key to progressive expansion.
- Taking advantage of technology: use digital tools such as SEO, social media and software to automate and optimize the business.
- Finding Mentors and Partnerships: Having the support of experts can avoid mistakes and help you grow faster.
- Delegate and form a team: Hiring employees will allow you to focus on business strategy and expansion.
SEO writing is an important skill to excel in the digital field during 2024. Photo: Los Creativos
What businesses can you start with little money?
If you are looking for Entrepreneurship for young people with little investmenthe digital marketing is an excellent choice. With skills in SEO or social media management, you can help small businesses improve their online presence, all with minimal investment. Another possibility is the sale of handicraft products such as jewelry or candles, which require a low investment in materials and have a high demand in the market.
He garden maintenance It is also a profitable business with little initial investment, as only basic tools are needed to get started. On the other hand, offering tutoring or private classes It is ideal if you have knowledge in academic areas, allowing you to generate income quickly without large expenses. These ventures allow you make a lot of money with little investment and follow the path of the young entrepreneurs successful.
