What did you do when you were 11? This kid earned Rs 1 lakh by launching his own sweets business
How much money did you make when you were in school? This enterprising 11-year-old boy earned £1,000(Rs 1 lakh) by setting up his own sweets business.
Luke Scotney, who hails from Peterborough, had been long frustrated with the severe nut allergy that prevented him from eating many varieties of sweets.
He was also unhappy with the lack of sweets available in the market for those with his condition.
This is where the 11-year-old stepped in to fill the gap in the market. Luke launched his own brand of sweets.
The business is now reportedly making £500 a month, according to reports.
Luke had good business acumen from an early age. He used to regularly pitch ideas to his mom for news businesses.
The breakthrough, however, happened in October 2022 with his sweet venture.
“I have a severe nut allergy, and it's been impossible to find pick-n-mix sweets that are safe to eat. I pitched the idea to mum and we looked and couldn't find anyone doing something similar - so we launched the idea ourselves," said Luke.
"We're currently on our third restock of sweets having sold out twice before. We've made about £1,000 - but we are on track to make more," he added.
Luke's mother, Michelle, helps to run the business from her family home. She said that her son's ideas are always great.
"He’s allergic to peanuts and tree nuts so he knows what it’s like not to be able to have pick and mix. So I lent him the money and together we launched Sweets4mysweet.com," she said.
The mother and son are 50-50 partners in the business.