Entrepreneurial boy, 11, is founder and CEO of his own clothing accessories company (photos)

- An 11-year-old boy proves that it's never too early for entrepreneurship as he founds his own clothing accessories company

- With the help of his mother, he personally designs at least five bowties a day

- He is now looking to hire assistants due to increasing demand

An 11-year-old boy in Buffalo, New York, has proven that it's never too early for entrepreneurship—he has founded and is CEO of his own clothing accessories company.

Shelden Gibbs at the launch of one of his bowtie designs

Shelden Gibbs founded his company, Classic Knots, last year when he was only 10 years old after noticing that there were limited designs of bowties in the market.

With the help of his mother, he personally designs and sews at least five bowties, neckties or matching handkerchiefs per day.

Sheldon Gibbs personally designs and sews his clothing accessories

Shelden's mother, Rhonda Woods, is teaching him to be patient: "I teach him the first couple of years, you won't see this significant profit. But as long as your product is becoming better and your customers are happy, eventually your hard work will pay off."

Now Shelden is demand for his designs increase as his accessories line grows into the mainstream fashion market. He is therefore looking to hire a few employees to help him cope with the demand.

For the young CEO, the sky is the limit.