15 tips for raising a young mogul

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Sixth-grader Gabrielle McBay discovered she liked making sugar cookies from scratch at summer camp in Desoto, Texas. The following school year she filled Valentine’s Day orders for her classmates.

“At first I just charged $1 or something, because my mom stopped buying the groceries for me,” recalls McBay, now a freshman at Texas Christian University and a seasoned entrepreneur. Crumbs by Gabrielle now churns out eight varieties of cookies, including chocolate-chip and oatmeal-raisin. Renting space at a nearby cake bakery, McBay has pulled in a modest $8,000 in sales thus far, including a chunk from her school’s foodservice provider. But she has far bigger plans: a chain of “cookie lounges” that are a combination of a bakery and a coffee house.

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