Young Galaxy

At 16, it's fair to say that Kody Yates knows more about business than most people twice his age.

The young Fort Myers entrepreneur's company, Galaxy Distributing, posted sales of $350,000 last year. He buys tech gadgets ranging from MP3 players to cell phones directly from Chinese manufacturers and he resells them to wholesalers, pocketing a tidy profit with each sale.

Business is so brisk that Yates has no time for the typical high school foolishness. The straight-A student does have an expensive habit, though: Formula Kart racing.