A Brisbane high school student has turned a homework assignment into a thriving tech business that has already attracted customers around the world.
Along with a bunch of school friends, Year 11 student Scott Millar has launched BOP Industries, and says he wants to prove that young people can start and run their own businesses and that they should be taken seriously.
โWe encourage other young entrepreneurs, if theyโve got an idea to go and try,โ Millar tells StartupSmart.
โYouโre never too young or too old to start a business.
โYou will reap the rewards if you work hard.โ
Millar says the mission of BOP Industries is to learn about bleeding edge technology being createdย in cities like Silicon Valley and make it more affordable and accessible for people in towns like his.
It started asย a Year 9ย โbusiness ventureโ project, where students wereย given the opportunity to develop business plans and pitch for a $100 investment.
After the strong uptake of their first product,a hashtag key-ring, Millar and his team have moved to a new product – a hologram display device.
โWe thought wouldnโt it be cool if we could do this full-time,โ he says.
But entrepreneurship isnโt something Millar has always dreamed of.
โInitially, I was really into the arts and I loved performing,โ he says.
But when he started to learn about business and sawย the possibilities, something clicked.
โThere was something addictive about the whole startup culture,โ Millarย says.
In the classroom, Millar and his team learnt about price points, market research and ways to sell a product.
They then used $2000 mostly generated from key-ring sales to develop their latest product, a low-cost hologram device that can be used at events like product launches.
He says they have sold hundreds of products to customers around the world, using platforms like Etsy and eBay.
โWeโre always reinvesting money back into the business,โ Millarย says.
The team isย also in talks with businesses wanting to use the hologram device at expos and other events, and are working on bringing it into the classroom.
Millar says BOP Industries isย currently developing an accurate version of the human body to make classroom biology more interactive and realistic.
โWeโve been really fortunate to get connected with [co-working community] Little Tokyo Two,โ he says.
โTheyโve all been really helpful with mentoring us through the process.โ
The young entrepreneur says that one of the best lessons he’s taken away so far is to try to meet five new people every week.
โHearing others’ story and hearing about what they do is really inspirational for us and it also give us new opportunities for the business,โ Millarย says.
With a big vision of making cutting-edge technology more affordable and accessible to people around the world, Millar says he also wants to continue inspiring his peers about the possibilities of entrepreneurship.
โWe can do more than just have part-time jobs, we are learning awesome things at school,โ he says.
โIt also shows that we can make a difference.โ
Follow StartupSmart on Facebook,ย Twitter,ย LinkedInย andย SoundCloud.
Comments