Advice for running a business from 10-year-old Caine Monroy (of Caine’s Arcade):

  1. Be nice to customers.
  2. Do a business that is fun.
  3. Do not give up. (This he underlined three times.)
  4. Start with what you have.
  5. Use recycled stuff.

Last April, the world went crazy over Caine’s Arcade, a short documentary featuring Caine Monroy, an excitable and inventive 9-year-old who created an entire arcade out of cardboard, running it out of his dad’s auto parts store in Los Angeles. Filmmaker Nirvan Mullick happened to be Caine’s first paying customer, an experience that inspired him to film Caine’s story, and views after views after views later, the rest is history.

Within days of Nirvan posting the film online, Caine’s Arcade was an Internet phenomenon, and now Caine and Nirvan are TEDx’ers.

In a particularly poignant moment during their talk, Caine, now 10, shared the five things he’s learned from running his arcade — something that’s gained him so much attention that Forbes predicts the young entrepreneur will be a billionaire in 30 years.

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