The Profit

This 13-year-old CEO provides his tips for budding young entrepreneurs

Most 13-year-olds are worried about getting good grades, but Cory Nieves has other goals in mind, like running a successful baking business to support his mother.

Cory started his all-natural cookie company, Mr. Cory's Cookies, when he was only six years old. Since then, the company has grown tremendously and has been featured on the Ellen Show, as well as an upcoming special episode of The Profit.

So, what advice does this 13-year-old have for entrepreneurs to maintain a successful business?

First, he believes you should have "sticktoitiveness". Stick to what you have and what you know, is a motto Mr. Cory lives by and feels entrepreneurs should do the same.

He also believes you shouldn't start a business just to make a buck. With smarter and smarter consumers in the market these days, they will know how genuine you are and determine if you are just after their money.

And his last and possibly most important tip: "Have fun."

Learn more about Cory Nieves and his business Mr. Cory's Cookies on a special episode of The Profit Tuesday, December 19 at 10P ET/PT