13-Year-Old CEO Builds $200K Bow Tie Business

When it comes to chasing dreams, or achieving success the world loves to say “it’s never too late.” This 13-year-old entrepreneur serves as an example that ‘it’s never too early either.’ They say beauty is in the eye of the beholder, but wealth is something that can be measured and numbers don’t lie. With $200,000 in sales and five employees on payroll Moziah Bridges is living the American Dream, but it seems that the skies the limit. Four years ago Bridges decided to start his own bow tie company, Mo’s Bows, at the age of nine. Appearing on CNBC last year (2014) he’d tell them that he loved dressing up, but could never find the right bow ties. In order to fix the problem, his grandmother taught him how to sew, and the rest is history.. Originating from Memphis, the young entrepreneur has been featured on Shark Tank, Vogue,GQ, and Oprah Winfrey’s O magazines. Most people will recognize him for his recent job as an NBA fashion analysis for draftees during the latest NBA DRAFT. How does a young kid run such a successful business and go to school you may ask. “_Since I’m the CEO I can do it when I feel like it,” he says. “I have employees — my grandmother she’s about like 80, and my mom works for me, and I have three more seamstresses.” The bow ties retail for $50, and are already available at 15 stores across six states. He says that his goal is to have his own fashion line by the age of 20, and from the looks of it he is on the right track. Last September, “Shark Tank” investor Daymond John flew his mentee Moziah Bridges, the then 12-year-old founder and CEO of bow tie company Mo’s Bows, to New York City for Mercedes-Benz Fashion Week. Besides taking him to events and making introductions to power players in the industry, John accompanied Bridges on a morning taping of CNBC’s “Squawk Box.” Later that day, John got a call from Karen Katz, CEO and president of the Neiman Marcus Group. He assumed the call was for him, he tells Business Insider, but it was for Bridges. “I’ve never been in Neiman Marcus with any of my brands, and it takes the 12-year-old child to get Neiman Marcus to call me!” John says, laughing. “So that’s the student teaching the teacher, you know?” Black Boys Rock! 13-Year-Old CEO Builds $200K Bow Tie Business After Appearing On Shark Tank Posted March 27, 2015 by Bossip Staff Share on WhatsApp SMS BOWS 13 Year Old Builds Successful Bow Tie Business With Help Of Shark Tank Yesterday, we featured a brilliant little girl who built a deliciously successful lemonade business with the help of ABC’s hit show Shark Tank. Today, we feature another young entrepreneur who managed to take his love for high fashion men’s accessories to a money making bow tie brand! Via Entrepreneur reports: Last September, “Shark Tank” investor Daymond John flew his mentee Moziah Bridges, the then 12-year-old founder and CEO of bow tie company Mo’s Bows, to New York City for Mercedes-Benz Fashion Week. Besides taking him to events and making introductions to power players in the industry, John accompanied Bridges on a morning taping of CNBC’s “Squawk Box.” Later that day, John got a call from Karen Katz, CEO and president of the Neiman Marcus Group. He assumed the call was for him, he tells Business Insider, but it was for Bridges. “I’ve never been in Neiman Marcus with any of my brands, and it takes the 12-year-old child to get Neiman Marcus to call me!” John says, laughing. “So that’s the student teaching the teacher, you know?” MOBOWS Today, the precocious CEO is 13. With the help of his mother Tramica Morris (“Mo is the CEO of the company, but I’m the CEO of Mo,” she says), he’s sold about $200,000 of his handmade bow ties and other men’s fashion accessories. He has seven employees — including his mom and grandmother. John became Bridges’ mentor in 2013 after he and his mom appeared on “Shark Tank” in its fifth season. The mother-son entrepreneur duo from Memphis sought $50,000 in exchange for 20% equity in the company. Bridges had the idea for Mo’s Bows when he was just 9 years old. His grandmother, a retired seamstress, taught him early on the importance of dressing sharp. He asked her to teach him how to sew, and soon he was making bow ties and selling them online and to several stores in the South. By the time he taped the “Shark Tank” segment, he’d sold 2,000 bow ties he made by hand with his grandmother, bringing in $55,000 in revenue. Kevin O’Leary offered a deal for the $50,000 in exchange for a $3 royalty per tie sold, which Mark Cuban and John advised Bridges not to take.