Imagine a teenage daughter who earns enough money from her job to hire her mother as an employee. This situation may sound like a strange movie, but it is the experience of Ashley Qualls (or AshBo, as she calls herself), a teenage Internet entrepreneur.* At age 14, she started a website to share web layouts that she designed for personal pages on social networking sites like MySpace. The website was a hit with teenage girls. Within two years, up to 375,000 people visited the website on a daily basis. There are increasing numbers of young people like AshBo, who are growing highly successful Internet businesses, even before they grow into adulthood themselves. Business success can result in major adjustments to a young person’s life. The effects on these young entrepreneurs are financial, academic, and personal.