CARY, N.C. -- Wilson Matsuo, in some respects, is like most 16-year-old teenagers.

He's dealing with lots of homework, school projects and he plays at two athletic teams at Green Hope High School. But there is one big difference between him and his peers.

He is also the founder and CEO of his own business.

It's called Loved By Wilson. The business creates handmade bags that are sold where 100 percent of the profits are given to a group called A Simple Wish. That non-profit aims to fulfill the wishes of children in the USA's foster care system. Reportedly, there are around 500,000 kids in that system.

Wilson's goal is to have an impact by helping others. With his initial foray into the business world, he's planning on continuing that by studying business when he starts college in a couple of years.