Teenager making $480,000 a year babysitting, forced to hire CEO to meet demands
A US teenager who has
made more than $480,000 from her babysitting business has hired a chief
executive to handle day-to-day business matters while she's at high school.
Noa Mintz, 15, founded her child care agency Nannies by Noa three
years ago and now has 190 clients, the New York Post reports.
The teen entrepreneur charges a 15 percent agency fee of a nanny's
initial salary of around $64,000 to $100,000 and a flat fee of $5 an hour for
The agency has 25 full-time nannies and 50 babysitters who
reportedly work an average of 15 hours per week.
Ms Mintz started her business at 12 when she became fed up with
her own babysitters.
"For what you're paying, your kids should be more
stimulated," she told the media outlet.
"At 7, I would tell my mum, 'You need to get more bang for
your buck.' It would drive me insane!"
She worked with her investment banker father who went guarantor
for her business and recently hired Allison Johnson as the company's chief
executive. Ms Johnson, 26, is a trained social worker who had first applied to
Nannies by Noa for a nanny position.
"It was a little bit of a challenge at first,” she told the
media outlet, referring to taking orders from a teenager and negotiating her
"She was 14! [But] I’m a feminist, and I really support women
who do things for themselves and get their visions out there.
"We’re in touch every day — phone and email,” she continues.
“She’ll get back to me during study hall. She can’t shut off."