Start early developing your entrepreneurial ideas, teen author and entrepreneur advises

Entrepreneurship Book Panel

The key to being an entrepreneur at any age is measuring your value “not by how busy you are, but what you do with your time.” That's the message from the 16-year-old co-author of a book of wisdom from industry leaders advising young entrepreneurs and a veteran public radio executive.

Teen entrepreneur Fenley Scurlock, co-author of just-published book "Down to Business: 51 Industry Leaders Share Practical Advice on How to Become a Young Entrepreneur," and former National Public Radio CEO Ken Stern told the audience at a National Press Club Headliners book event in the NPC Ballroom on March 6 about seizing the moment. For Scurlock, the moment was the COVID-19 pandemic.

Much of the book was written during the COVID-19 pandemic lockdown and social isolation period. Scurlock and co-author Jason Liaw were 12- to 13-year-olds at the time. They started reaching out to business leaders for their advice on being successful in business endeavors.

The result is a compilation of stories and wisdom of 51 entrepreneurs across a wide range of ages, demographics and focus. The book aims to help entrepreneurs of all ages, but especially young people, understand both the practical and personal steps one can take toward achieving entrepreneurial success.

Scurlock, a Congressional Award recipient, recognizing youths for notable contributions in areas including voluntary public service and personal development, spoke about what he has learned from personal experience about entrepreneurial excellence. His collaborator and co-author Liaw, in an ironic twist, had to miss the event because he came down with COVID-19.

Both Scurlock and Liaw had started businesses by the time they started middle school.

“My primary piece of advice for young entrepreneurs is to start early,” Scurlock said. “Every young entrepreneur we spoke to wished they had started earlier. The earlier you start, the earlier you develop these skills, and they’re important even if you don’t end up being an entrepreneur.”

Former NPR CEO Ken Stern makes an observation. Photo: Nancy Shia
Former NPR CEO Ken Stern makes an observation. Photo: Nancy Shia

Stern said that a new cultural movement treating entrepreneurs as celebrities has changed the way that people, especially younger generations, think about entrepreneurship.

“I don’t think that entrepreneurship was in the water in the same way it is today,” he said. “When I was Fenley’s age in 1979, just to date myself, the business leaders weren’t stars. There wasn’t Bill Gates or Steve Jobs. The biggest companies were legacy companies … like oil companies, car companies, and steel companies. The idea of starting a business was fairly foreign.”

“Entrepreneurs are a lot easier to look up to than they used to be because they’re not as obscure,” Scurlock added.

But this celebration of entrepreneurship thanks to celebrity entrepreneurs has plenty of positive impacts. Thanks to entrepreneurs who do good, it has shined a light on the potential usefulness of entrepreneurs, and even larger corporations, in contributing to and championing social causes.

“That is so driven by corporate culture,” Scurlock said, speaking of this attitude about entrepreneurship as a new angle for doing good. “We see that businesses have such a big influence on our daily lives that we know subconsciously and consciously that businesses have the power to change the world, and we want to do that, and need to.”