Four Aussie Entrepreneur Success Stories That Prove Anything’s Possible
Sure, this one isn’t exactly advertising related, but if you’re after some motivation then it’ll tick all the boxes. In a guest post, Alan Manly (pictured below), founder of Group Colleges Australia and author of The Unlikely Entrepreneur, takes a look at some wonderful Aussie success stories and the humble beginnings in which they were born…
Entrepreneurs and the famous often appear in our lives oozing success. However, like anyone will tell you, success rarely happens overnight and there are often fascinating stories behind them. So, what can we learn from four of Australia’s most high profile? Let’s take a look.
It’s never too late
Few folks in their seventies feel like getting involved in a startup. There is one great Australian that did just that. Len Ainsworth is recognised as one of Australia’s great success stories. He was the driving force behind the Aristocrat poker machine empire, when at the age of seventy two, was advised that he had one year to live. It goes without saying that is a traumatic situation. Len divided his fortune into nine equal portions and distributed to his seven children, ex-wife and current wife. As fate would have it Len made a full recovery from his illness. So there he was at seventy two years of age alive and well and decided that he would start again. The result of that decision was the new poker machine company Ainsworth Game Technology that was recently sold for $470 million. Now at 94 years old Len is still Chairman of the company. If ever there was proof that you are never too old for a startup Len Ainsworth is living testimony.
Girl Power
Many have dreamed of inheriting the family fortune. Blessed with a famous family name and a legend of a father being Lang Hancock of mining industry fame, Gina as the only child ultimately inherited the bulk of the family fortune. Along with the fortune came a mountain of debt and an aggrieved step mother. Being rich, deeply in debt and famous the story made headlines for years. To add a further challenge it would be readily agreed that the mining industry is hardly top of the pops for a girl wishing to build a career. In a classic quote Gina declared where she was coming from. “There is no monopoly on becoming a millionaire. If you’re jealous of those with more money, don’t just sit there and complain – do something to make more money yourself.” Fate blessed and cursed Gina with a complex situation that only pure determination could overcome. The Forbes Australia billionaires report lists Gina as the wealthiest woman in Australia.
Never say die
A dinner party story John Symond loves telling (which I’ve been present for) is that during a lower moment in business narrowly avoiding bankruptcy, he visited the David Jones store in Parramatta. Upon selecting a tie he tendered his credit card as payment. The nice girl behind the counter scanned the card, took out a pair of scissors and in full public view cut the credit card in half. It always gets a laugh from those sitting around the dining table for 20 in his 100 million dollar mansion. After the tie cutting event John borrowed money from his brother and worked long hours offering after hours home loans consulting to purchasers. He built an empire by offering something the banks were disinterested in offering. Home loan applications service in your home. Aussie Home Loans call sign of “we’ll save you” worked for his customers and saved John from any risk of further financial troubles. John eventually sold Aussie Home Loans to the Commonwealth Bank.
If you can’t make, it fake it
Dick Smith is a famous Australian often heard in the media declaring his views on issues that affect Australia. Having started his business in 1968 with $610 (approximately $4000 in today’s money) he took an idea form overseas, being self-service in shops as opposed to counter service. This innovation was a boom for his business as clientele of electronic hobbyists could browse and not require staff interaction. This was a breakthrough in the late 1960s. Business success sometimes requires a nudge in the form of a public relations event and Dick really hit the PR jackpot by getting major media attention for towing a fake iceberg into Sydney harbour. The cost of the barge covered with plastic and white firefighting foam was minor compared to the total radio and TV coverage. Dick Smith became a big name in the community long before serious financial success was realised.
These entrepreneurial journeys involved events and experiences only a few steps more daring than the average punter. The takeaway? A brave approach, and maybe a little pretence of more confidence than usual, and your aspiration for success may be one big step closer
Latest News
Choose A Path Less Trodden This Cannes In Cairns
Don’t be basic. Think creatively and you shall reap the benefits of Cannes in Cairns. “We want brands!” “We want the CMOs!” We heard you and we acted. The content slate at this year’s Cannes in Cairns, presented by Pinterest, is packed to the rafters with some epic brands and top marketing talent. But that’s […]
Cannes In Cairns MC Keeva Stratton Shares Her Top Session Picks
Self-professed nerd and one of four top Cannes in Cairns, presented by Pinterest MCs, Keeva Stratton has a front-row seat to some fascinating minds and fierce debates. But who should you put on your must-see, must-hear list? Here, B&T grabs five with the Quip agency founder, who will be helming the lecture in the Rainforest […]
Here Are The Agencies That Made AFR’s Best Places To Work List And What The Industry Can Learn From Them
Did your office not make the list? Make sure your boss shouts at least two schooners at office drinks come Friday.
Get Ready, B&T’s Best Of The Best Is Back With The Top Holding Company Executive Leaders – Creative!
Want to know who the Grandest of the Grand Poobahs in the industry are? Look no further than this exhaustive list.
How A Glittering Campaign Helped The Australian Museum Sell 400,000 Tickets
B&T thoroughly enjoyed the Ramses exhibition at The Australian Museum, despite thinking we were going to the Archibald.
TV Ratings (30/04/2024): A “Shoey” Straight From A Fish’s Mouth Launches The Cheap Seats Into 2024
Last night's TV saw horny farmers beat Lego nerds, who beat fame-obsessed home cooks, who beat a chap with a large fish.
Spotlight Extends Partnership With Starlight Children’s Foundation
B&T always happy to promote the excellent work of the Starlight Foundation. Less so the Starfish Fanciers Foundation.
Amazon’s Advertising Quarterly Revenue Soars To $11.8bn
There are so many Amazon couriers visiting B&T headquarters at the moment our office dog doesn't know who to maul first.
VML Wellington Welcomes Jacob McGregor As Pou Ārahi Māori
McGregor set to lead cultural competency and safety at VML Wellington in important new gig.
“They Grow Up So Fast”: Simon Fowler On Five Years Of ABEL
Abel's CEO talks lessons learned from the agency's first five years. Including staff nicking all the Nespresso capsules.
Kyle & Jackie O Urge Melbourne To Pick A Side
Who can stop Kyle & Jackie O's indelible march into Melbourne radio? Is Peter 'Moony' Moon waiting by the phone?
Future & Taika Waititi Feature In Striking New Global Belvedere Campaign
Not only does drinking vodka make you cool like these dudes, it also has great weight loss properties for the bone idle.
The Fall Of Bonza: A Case Study In How To, And Not To, React In A Crisis
Does the collapse of yet another budget airline hark back to a gentler time of 17 hours spent on a Greyhound bus?
Opinion: Agencies, Be Unique – Stop Using The Word “Unique!”
Trinity P3's Ellie Angell says agencies are overusing the word unique. You could add omnichannel & holisitic to that.
Ex Marketing & Advertising Exec Releases Melanoma Memoir
Ex-adlander Anne Gately has penned a tome to skin cancer. Which is a handy reminder to check your moles, people.
Mamamia Appoint Danni Wright As New Head Of Strategy
Danni Wright takes up Mamamia's strategy reins with a feng shui expert called over positioning of office chaise lounge.
From The Bureau: Championing Competency & Cross-Industry Collaboration
The IAB's Jonas Jaanimagi calls for more specialisation in adtech. Meaning you'll understand it less than you already do.
Rumble Nabs Renee Park From Cutting Edge
Rumble has recruited Renee Park as one of its new sound designers. And it's only right to make some noise about it.
iD Collective Teams Up With City Of Parramatta To Amp Up NRL Fan Experience
Adland's often lampooned for never going further west than Surry Hills. So this Parramatta news is welcome indeed.
Slew Of New Hires At The Company We Keep
The Company We Keep announces new hires. Here's hoping it doesn't impact the RBA's interest rate decision.
UnDigital Announces Brand Refresh Helping Clients Achieve More Than 600% Sales Increase
Warning - this headline comes with some obscene bragging. Much like the B&T editor's 5/8 in the weekend footy tipping.
Microsoft Advertising: “We Make The Complicated Simple”
Microsoft ads wants to make the complicated simple. The total opposite to Korean restaurant menus & the recent Yes vote.
TV Ratings 29/4/24: Farmer Wants A Wife And Lego Masters Lock Horns In Overnight’s Battle
Who won the battle of the big guns - Lego or Farmer Wants A Wife? One thing's for sure, it wasn't Great Train Journeys.
Nielsen Data Reveals Brands Spending Big To Attract Aussie Tourists
Nielsen Ad Intel data has revealed that the travel and tourism industry spent more than $153 million on advertising in Australia in Q1, 2024 – an increase of 8 per cent from the previous quarter, with TripADeal the biggest spender, followed by Virgin Australia, then the Flight Centre-owned Ignite Travel. As many Australians return from […]
IAS Awarded New Responsible AI Certification From Trustarc
Integral Ad Science tossing up over the mahogany or teak frame after being awarded TRUSTe Responsible AI Certification.
AWARD Calls For Hall Of Fame Nominations
B&T's noms for AWARD Hall of Famer includes Louis The Fly, Chums' talking Scottie dog & Mumbrella's coke dealer.
Havas Red Wins PagerDuty PR Account
Havas Red wins PagerDuty's PR. And judging by B&T having to Google PagerDuty, it could probably do with some help.
ACA Poised To Release Results Of 2023 Create Space Census
The Advertising Council unveils date for its census results. Hey, why not coincide it with an office lamington drive?
Why Fear Is Essential To Fernando Machado’s Creativity
If there's anyone B&T loves to chat to, it's fabled marketer Fernando Machado. Although the 5am time difference sucks.
Superdry Drafts AFL’s Patrick Lipinski For New Campaign
B&T fast regretting that poncho we just bought, as it appears the puffer jacket returns as winter's hottest trend.
Elon Musk vs eSafety: Legal Experts Warn That ‘Rogue Operators’ Like X Are Unlikely To Win Federal Court Battle
If this legal stoush boils down to who can afford the better lawyers, B&T's backing Mr Musk every single time.
Amy Poehler Presents First Look At Inside Out 2 At Vivid Sydney 2024
Vivid isn't about freezing your arse off while looking at lights on a wall, as you'll learn with this Amy Poehler news.
Mutinex Launches DataOS Improving Data Warehousing & Quality For MMM Marketers
Work in marketing? Does your data warehousing resemble a teenager's bedroom? Here's a Marie Kondo-approved read.
IMAA Celebrates Three Years Of Group Trade Credit Insurance Deal
Are you a struggling indie? Thinking of firebombing the building for the insurance money? IMAA has you covered here.
Adam Sandler Seemingly ‘Slams’ Ukraine In Pro-Kremlin Campaign
Host of A-list celebs caught slamming Ukraine's president. Thankfully it does have the Milli Vanillis about it.
New Marketing & Comms Agency For Defence & Aerospace Industry Takes Flight
As painful as this is to say, judging by current world events, the bomb & tank industries must be in rude health.
I think entrepreneurial journeys is a none stop fun. Yes, you will be down a few times but, It all worth it.
Don – introducer.com.au