You are just 20 years old and in 2006 your revenues were $24 Million. What are your ambitions forBizChair.com now? In 2007 our revenues grew to $38 million. This year our goal is to reach $50 – $54 million in sales. We have very ambitious sales goals and are expanding our wholesale and retail programs aggressively. By maintaining our position as a market leader, we are able to focus on our growth and continue to expand our business with an excellent selection of products and customer service. Tell me, what does a 20 year old entrepreneur spend his money on? I like to think that I live a relatively modest lifestyle. My one splurge was a 2008 Range Rover Supercharged. Other than that, I don’t spend much money (other than for college tuition). I enjoy trading stocks with what money I have left. You have over 75 Employees, What do your employees think about working for someone so young? I think most employees think that it is “cool” to have a young boss. We have a more relaxed work environment and it is not as stressful. Employees are also less intimidated with a younger boss and are more likely to come to me with ideas and their true feelings which ultimately help the company.
Employees are also less intimidated with a younger boss and are more likely to come to me with ideas and their true feelings which ultimately help the company.
I understand that you study business at Emory University and at present your stepfather oversees day-to-day operations – seems like a very good arrangement to me. Tell me, how does the THEORY of business compare with the practical side of business that you have experienced creatingBizChair.com? It’s a great arrangement–but don’t think that I don’t spend any time working while I’m at school! Much of the theory that I’m learning deals more with aspects that I don’t really know. For example, I never knew how to properly read and create a balance sheet or income statement or how to create pro-forma financial statements. These are all things that I’ve come across while in school those have helped me ultimately run the company better. Needless to say, I don’t think I’ll be taking the entrepreneurship class!