Teenage entrepreneur nominated for national award - and he expects to turn over £2m by next year

Ollie Forsyth recently met Sir Richard Branson
Ollie Forsyth recently met Sir Richard Branson

A determined young businessman has had the last laugh over his school bullies after he was nominated for a national award.

Ollie Forsyth, 17, has been listed for the Young Entrepreneur Award as part of the Great British Entrepreneur programme.

The dyslexic teenager started his own online shop aged 13 and is adamant he will become a millionaire by the time he is 20. The shop turns over £30,000 annually and is doubling yearly.

Ollie, who studied at the Peter Jones Academy in Rugby, said he was badly bullied at a school in Dorset, but since building his business empire, he has received job requests from former classmates.

He said: “I had a very difficult time at school but it was that experience that drove me to become successful. I thought to myself, ‘I am going to be a millionaire one day and those bullies will be working for me’.”

The inspirational teen has now been shortlisted for an entrepreneur award. The criteria for Ollie’s award states: ‘This young entrepreneur will have exceptional achievements for their age. They will be able to provide details of their journey to success including overcoming obstacles and identifying new opportunities. This entrepreneur should be an inspiration for other young entrepreneurs.’

Ollie said: “This was totally unexpected as thousands had applied. I have never won an award, so this might be the time that happens.”

His latest venture is University Bell, an online student exchange where university 
students can buy or sell products at university campuses.

Ollie, the co-founder, expects to turn over £2 million from advertising.

Go to www.tbemagazine.com for more information.