[h=1]13-Year-Old Makes $100K Reinventing the Scooter Wheel[/h] By Gabrielle Karol Published September 13, 2013 FOXBusiness Nicholas Pinto may be one year away from high school, but heâ€™s already doing big business. The 13-year-old says heâ€™s always loved scooters, but was frustrated by how quickly the wheels would break. â€œAs you develop your skills, like landing on the scooter harder when youâ€™re going off of a ramp, what you want is for the parts not to break,â€ says Pinto, who lives with his parents and three siblings in Cranford, New Jersey. He says he was spending a lot of money replacing the wheels every few weeks. â€œI was saying, â€˜Wow, this canâ€™t be!â€™ I was trying so many wheels, I thought I better make my own and help the world,â€ says Pinto, who enjoys competing in scooter competitions. Over a year ago, the entrepreneurial eighth-grader began researching manufacturers who could reinvent the wheel, so to speak. He says he finally located a manufacturer in California to make a durable, polyurethane wheel that would be tougher than the breakable plastic wheels found on most scooters. â€œI made a step-by-step design with all of the dimensions and they did it,â€ says Pinto, who borrowed $2,000 from his parents to create 500 wheels, bringing his fledgling company LB Scoots to life. â€œThe LB stands for â€˜Little Boy.â€™ Itâ€™s the name of my dog, a chocolate lab,â€ says Pinto. Once the wheels were made, Pinto says he built an e-commerce website with the help of Youtube tutorials and his mother, who had created a website herself for her own small business, a modeling and acting agency. From there, Pinto says he started selling wheels thanks to word of mouth, showcasing his new wheels at skate parks and competitions. â€œWe went to competitions and had a big banner there. We were giving out stickers and saying, â€˜Everyone check us out online!â€™â€ says Pinto. Within a year, Pinto was receiving orders from all over the country, and even as far away as Australia. â€œWe made about $100,000 in the first year,â€ says Pinto. Pinto says heâ€™s going to stick to LB Scoots for now, but isnâ€™t ruling out the possibility of branching out down the road. â€œAs I grow up, I want to keep having LB Scoots, and I would also like to start other companies,â€ says Pinto. Heâ€™s also mentoring his little sister, whoâ€™s an entrepreneur in her own right. â€œShe makes duct-tape wallets and paintings and sells them online,â€ says Pinto. And with three years on his little sister and experience running a $100,000 business, Pinto€™s got a lot of advice to share. â€œSheâ€™s 10 â€¦ I help her out a lot,â€ he says.