I always wanted to be both an entrepreneur and writer. Which is what led me to start Literary Magic, an online literary magazine. I was only 15 at the time and was heading into an industry known for thick competition and thinner business plans, but I used my verve and love for writing and words to distinguish my creation from the rest. So was born Literary Magic, the first online source for literati of all parts: short stories and literature combined with linguistics and etymology.

Literary Magic is like a story to me. Like my life, it’s had its up and downs. Successes and failures. But now our traffic has grown and our name has begun to establish itself within the minds of literati and bibliophages (people who “consume” books at a ludicrous rate). We receive hundreds of submissions a year and dozens of book review requests. What started as an idea for a website has been transformed into a thriving venture. Now I’m working on turning it into a profitable business, utilizing a three-pronged business model of advertising, consulting and e-commerce.

I first got started with Literary Magic by following my passions. At 12 I wrote my first book. That took three years. My second book took three days. Sound crazy? Well, if there’s a will there is a way. This led to me to explore other aspects of the English language, which birthed Literary Magic. Since then, I have written over 200 articles and reviews on language and business, received the Attorney General’s Triple C Award and won my high school’s English literature award.

But my passions took me further. Only six months after working on Literary Magic, the former New York Times columnist William Safire dubbed me a “word maven.” A few weeks later, I was invited to intern with The McGraw-Hill Companies to work with their Online Media team.

The most important things I have learned from my experiences is to never give up and that while there is no formula for success, one method that works for me is the equation “Idea + Implementation = Success. Ideas are nothing if you do not persist and put in the effort to make it happen.

I have also gotten a taste of the incredible amount of effort that goes into running a website and managing people. However, from this experience I have improved my communication and marketing skills.

Today, as I start college,  I still run Literary Magic as CEO and Editor-in-Chief, with a staff of six editors, two dozen staff writers and a couple of web technicians. It has transformed into Reichman Media, which will serve as my platform for all future web ventures. I’m trying to both build a business model and expand the readership of Literary Magic. I also do marketing as CMO for robotics and electronics startup Narobo. I have interned with McGraw-Hill for 4 years and I am working on my third novel. When I’m not working on business, I write and tap dance.

But to me, entrepreneurship isn’t just a career choice. It’s way of life.

Please feel free to contact me with any questions about writing or entrepreneurship or if you just want to connect. I love meeting fellow entrepreneurs and writers!

Here’s a great story of unexpected success written by our friend Karen Axelton, writer for Small Biz Daily.

Ever since I moved to the Long Beach, California, area years ago, I’ve heard about the gondola rides in Naples – a waterfront part of Long Beach where homes are built on a network of canals like those in  the Italian scene above.  Earlier this year I got to witness gondola rides live when I visited a home in the area. But I had no idea the gondola company was run by an entrepreneur until I read an article about it in my Auto Club magazine, Westways.

Mike O’Toole started Gondola Getway in 1981 when he was still a student at USC. The business was a marketing project, but when he graduated in 1982, O’Toole bought an 18-foot replica gondola, put an electric motor on the back, and started doing cruises on the canals with just one boat.

As the business started to grow, he found a business partner, David Black, and added a second boat. But soon, the business required even more expansion and in 1984, O’Toole went to Venice, Italy, to observe how real gondolas were built. He came back and began building gondolas that would easily be steered by one gondolier with an oar.

Today, O’Toole has 10 gondolas and as many as 30 employees who take passengers on romantic cruises through the canals.

“I didn’t think I’d be doing this for the next 25 years,” O’Toole told Westways about the business he started as a student.

That got me thinking about how many successful entrepreneurs get started by accident. But was it really an accident? O’Toole grew up on the canals of Venice and learned to sail as a kid. He ended up creating a business that enables him to do what he loves.

And lots of other people love it too. When I watched gondolas going by, my first thought was how joyous everyone was. The gondola passengers and their gondoliers were beaming (no wonder, since O’Toole says an average of one marriage proposal a day takes place on the boats). And everyone in the homes up and down the streets overlooking the canals lit up, smiled and waved with excitement whenever a gondola went by.

Some people make fun of that saying “Do what you love, and the money will follow.” I’m not sure how much money Gondola Getaways makes, and it’s not the kind of business that can become the next Starbucks or McDonald’s. But it warms my heart to read about a business owner doing something that makes him happy – and makes everyone else happy, too.

You can find out more about O’Toole at the Gondola Getaway site.

SmallBizDaily is powered by four people with a passion for entrepreneurship: Rieva Lesonsky, Maria Anton, Maria Valdez Haubrich and Karen Axelton. We met at Entrepreneur Magazine nearly 25 years ago, when Rieva hired the rest of us as editors. We’ve been a great team ever since, so when Rieva decided it was time for her to stop talking about entrepreneurship and start living it, she naturally turned to us to be her business partners.

At SmallBizDaily, the writers combine their decades of experience reading and writing about entrepreneurship with their new experience as startup entrepreneurs to share their unique take on the world of small business.