'I like making money': Teenage entrepreneur forecasts big profits
Meredith MacLeod, Special to CTVNews.ca
Published Monday, May 16, 2016 11:17AM EDT
Last Updated Monday, May 16, 2016 11:28AM EDT
At an age when many teen boys are thinking about homework, video games and girls (probably not in that order), a Winnipeg 17-year-old has opened his second phone repair shop and is eyeing national expansion.
Kyle Jagassar went from fixing smashed mobile phones in his bedroom three years ago to opening his second location of Mobile Matrix.
“I like doing this a lot and my focus has always been business really,” the high school student told CTV Winnipeg. “I like making money, obviously, and I like marketing.”
Customer Kevin Miller, who didn’t know the store was owned by a teenager, called it “top notch.”
“It’s a good service. Everybody needs it. Everybody is smashing a phone every now and then.”
The last year the teen worked out of his bedroom he took in $100,000 in revenue. This year, he’s projecting a profit of $500,000.
Jagassar takes inspiration from his idol, the late Apple founder Steve Jobs.
“He looked for a new way to do what was already done. That’s what I’m trying to do. The cell phone repair, the whole industry, had already been done. We are trying to do it differently.”
He says he’s merged two markets, repairing phones and selling unlocked phones, under one roof.
He has plans to open stores across Canada, after he does his homework and graduates, of course.
With a report from CTV Winnipeg’s Beth Macdonell