Michael Dell, Founder and CEO, Dell Computers, made his first million by the age of 19. According to Kiplinger, his advice for entrepreneurs is: “You’ve got to be passionate about it,” he said in an interview with the Academy of Achievement. “I think people that look for great ideas to make money aren’t nearly as successful as those who say, ‘Okay, what do I really love to do? What am I excited about?’”

Catherine Cook, Founder, myyearbook.com, made her first million by the age of 18. According to Kiplinger, her advice for entrepreneurs is: “Stop just thinking about it, and make it happen. When you’re young is the best time to start your own business, as you do not have the responsibilities you will have when you’re older. The worst that can happen if you fail now is that you have firsthand experience to make your next venture a success.”

Jermaine Griggs, founder of Hear and Play Music Group, made his first million at age 23. According to Kiplinger, his advice for entrepreneurs is: Understand the power of selling, not just things, but yourself and your ideas. Study business. Study those who have come before you, and find people with the same dreams and aspirations as you.”

Matt Mickiewicz, founder of Sitepoint, 99designs and Flippa, made his first million by age 22. According to Kiplinger, his advice for entrepreneurs is: “People who say it takes money to make money are using the worst excuse ever. . . Create massive value for others by providing a solution where no other exists.”

Juliette Brindak, Cofounder/CEO, MissOandFriends.com, made her first million at 19. According to Kiplinger, her advice for entrepreneurs is: Find a solid support team who believe in your idea. “If someone starts to doubt your company and what you’re doing, you need to get rid of them.”

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01. High standards of personal ethics.
02. Big people, without pettiness.
03. Guts under pressure, resilience in defeat.
04. Brilliant brains — not safe plodders.
05. A capacity for hard work and midnight oil.
06. Charisma — charm and persuasiveness.
07. A streak of unorthodoxy — creative innovators.
08. The courage to make tough decisions.
09. Inspiring enthusiasts — with trust and gusto.
10. A sense of humor.
- David Ogilvy

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