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Young entrepreneurs: Ollie Forsyth, Ollie’s Shop

The 18-year-old who’s defied the bullies to launch two businesses and plans to be a millionaire by the age of 20…

Name: Ollie Forsyth
Company: Ollie’s Shop and The Budding Entrepreneur Magazine
Age: 18
Website: www.ollieshop.co.uk, www.thebuddingentrepreneurmagazine.com

Having suffered at the hands of bullies, leaving school at 16 with severe dyslexia, no qualifications and being branded a “failure”, Ollie Forsyth was determined to prove everyone wrong – and we think it’s safe to say he’s doing just that.

The now 18-year-old has already launched two successful businesses and has another “really exciting project coming to market in June” – but his first was started when he was just 13. Forsyth noticed his teacher’s “very expensive” friendship bracelet and spotted an opportunity to sell them for a lot cheaper.

From humble beginnings flogging his wares for £10 each from a plastic box at summer events, cricket and tennis matches, Ollie’s Shop has grown into an online jewellery store for teenagers turning over thousands of pounds a year.

After his early success, Forsyth wanted to find a way to inspire the next generation of entrepreneurs. He launched The Budding Entrepreneur Magazine: an online magazine offering advice, tips, stories and resources to support aspiring entrepreneurs and to help give back.

Forsyth isn’t modest in his ambitions – and nor should he be: the teen entrepreneur plans to be a millionaire by the age of 20 and IPO his mysterious third business in 10 years. He has strong views on university too: “We need to stop thinking about all these university degrees”, he says, “Qualifications are not everything […] anything is possible without them, you just have to work pretty hard”.

And the young entrepreneur is certainly evidence of that. Driven by a steadfast determination, Forsyth has certainly proved the naysayers wrong and one day hopes to hire those who bullied them… As cleaners. This is one entrepreneur to keep a close eye on.

Henry Williams
Henry Williams

Henry has been writing for Startups.co.uk since 2015, covering everything from business finance and web builders to tax and red tape. He’s also contributed to many of our industry-renowned annual indexes, including Startups 100 and Young Guns, and created a number of the site’s popular how to guides. Before joining the team, he reviewed films for a culture website, and still harbours ambitions of being a screenwriter.

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