Foundation encourages young entrepreneurs - - Columbia, South Carolina

Foundation encourages young entrepreneurs

Joshua Eaddy shows off his business at young entrepreneur's conference Joshua Eaddy shows off his business at young entrepreneur's conference

The next CEO of a Fortune 500 company may be here in South Carolina.

Some young professionals at a conference in Columbia Saturday are making thousands of dollars.  And they're not even old enough to drive.

One of those money makers is Florence native Joshua Eaddy. He owns Cakes by Josh.

The 15-year-old is following his passion he discovered at age 7.  But it he said it was often overshadowed by his behavior.

"I heard a lot of people in my life say 'You ain't going nowhere,'" said Eaddy. "'You're bad.' This that and the third."

He said he misbehaved so badly, for Christmas his parents gave him a sheet of paper with instructions.

"I was like, 'What is this? A recipe? Mom, where my presents at?'" he said.

It was a recipe for red velvet cake. Disappointed, he baked it anyway.

"I took it to my family and they said it was the best cake ever," he said. "So from that became a business."

A business he's showcased two years in a row at Auntie Karen's Young Entrepreneur's conference.  It's a workshop geared toward empowering youth to start or enhance their business, while learning the importance of saving and investing.

Karen Alexander is the founder.

"Our kids need to see models today," said Alexander. "People that look like them, their ages, doing great things."

And making bank.

Joshua's mom said he brings in $500 a month, proving to doubters he's no failure.

"I can look at them and say 'Look at my success now,'" said Joshua.

He's not the only one. The Foundation honored Lee Livingston with the 2012 Entrepreneur of the Year Award.

His canine search and breeding business is five years old and profitable.

"I've made $7,000," he said. "You don't do it for the money. You do it for the love of the animal. If you're passionate about something, never give up on it."

Livingston won a $300 dollar scholarship from the Auntie Karen Foundation.  He wants to become veterinarian.

Click here for more information on the Auntie Karen Foundation.

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