Entrepreneurs Achieving Success


Wednesday, November 25th, 2009

Do You Have To Be Crazy To Achieve Success?

Crazy John'sJohn Ilhan founded a company called Crazy John’s, one of the largest privately held mobile phone companies in Australia. The Turkish-Australian entrepreneur grew up in the working class suburb of Broadmeadows in northern Melbourne. His parents migrated to Australia when he was just five years old. Before turning 40, he was one of the few entrepreneurs to achieve success, ranked the richest young person in Australia by the BRW magazine. Tragically, in 2007, Ilhan was walking not far from his home in Brighton, Victoria when he collapsed and died from a suspected heart attack. The very same year, BRW magazine ranked Ilhan as the 126th richest man in Australia, with a net worth of $310 million.

John Ilhan had succeeded in a competitive industry and overcome the challenges of growing up in a poor migrant family to become a wealthy businessman and respected leader in his community and across Australia. Ilhan got his start in 1991 when he opened his first mobile phone store called “Mobileworld” in the Melbourne suburb of Brunswick, offering crazy deals like $1 phones while his competitors were selling the same products for $200. His unusual marketing methods influenced the name change from “Mobileworld” to “Crazy John’s.”

The young entrepreneur worked long hours and overcame numerous challenges to achieve success and become a phone retailer with more than 120 stores and 600 employees in Australia.

Although John Ilhan may have given off the aura of a happy-go-lucky businessman, behind his achievements in building up the Crazy John’s empire was a person who always knew how to close a deal. He was street smart and hungry, and had honed his talent selling cars at Ford Credit, becoming Strathfield’s top mobile phone salesman in his early 20s. All at a time when mobiles were as big as heavy bricks and cost more than $5000 – hardly today’s easily affordable fashion accessory.

A remarkable entrepreneur success story, John began Crazy John’s in the depths of the 1991 recession, when he leased a small shop in Melbourne’s cosmopolitan suburb of Brunswick. All he could afford were a few trestle tables and a stack of brochures to try and sell phones. He had to borrow money from his father just to afford the lease so to stock his store he would buy second-hand phones and pagers from ads in the Trading Post – and re-sell them well below the prices offered by competitors selling new phones. The key was to slash margins and work towards sales volume.

John was the first in Australia to introduce the $1 phone and the first to bundle accessories with a phone. He broke the rules to create a brand that was fun and irreverent – and completely revolutionised the Australian mobile telecommunications model.

Another coup was recognising Australians love for sport – a passion he happened to share– so he aligned the brand with AFL and rugby league. Starting with so little focused his mind in what the customer really wanted.
Better deals. He knew store location was everything and so was a headline grabbing deal that captured the imagination of the customer.

When he began expanding in Sydney he found a site that was a hairdressing salon, so John and his close friend Brendan Fleiter simply arranged to fly to Sydney to meet the owner, did the deal on taking over the lease on the spot and left a deposit on the owner’s EFTPOS machine as an act of good faith. Apparently, the hairdresser’s bank later contacted the owner querying who paid for a $5000 haircut!

John Ilhan was also a generous philanthropist and regularly gave to various charities. He started the “Ilhan Food Allergy Foundation” with a starting $1 million dollar donation after learning that his daughter Jaida had a severe allergy to peanuts.

That’s why Crazy John’s became Australia’s biggest independent mobile phone sellers and how John became one of the pioneers in developing Australia’s mobile phone industry. A man who arrived as a child from Turkey and was able to achieve success as an entrepreneur by building an empire, based on “being Crazy.”

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Thursday, November 12th, 2009

How to Achieve Success as a Spouse

Image by nuttu

Image by nuttu

For many entrepreneurs, the support of a spouse is invaluable and for most, the only reason their business made it in the first place. To achieve success by starting up a new venture and leaving your previous employment while you are married means you have responsibilities and that means you can’t just drop everything and follow a dream without discussing it with the person whose future you will affect.

Without open and honest communication, not only will the venture fail but so will the marriage. Dylan Ross and his wife, Helen, worked on their plan for about a year before they were satisfied. They didn’t expect to make money and achieve success immediately when he started Swan Financial Planning, a financial advisory firm, in December 2005. With no money coming in initially Mr. Ross, 32 believed having a business plan that showed concrete success milestones was critical. And it was imperative Helen sign off on it because, as an operations vice president at Merrill Lynch & Co., she would be the family’s primary breadwinner.

To complicate matters further, the couple was expecting twins when Mr. Ross started his business. The babies were due six months later, and he wanted to be available to help. So, the plan for the business was based on his working no more than 40 hours weekly.

Mr. Ross says they have continued to modify their plan to meet continuing and developing needs and are happy with the progress of the business so far.

When the Levinson’s were struggling to make ends meet, they sometimes turned to family members for short-term loans. Even their dentist allowed them to delay payments.  The couple repaid every loan, and now Mr. Levinson, 45, earns more from his company, Brand Blueprint, than he did as an executive.

If you are married and considering embarking on an entrepreneurial journey, set limits on financial and time investments. The spending limit sometimes is coupled with a timetable showing how long the entrepreneur has to devote to the new venture. That way the budding entrepreneur has a goal in their sights and the spouse has a framework in which to work and manage their expectations and limitation. That way, when things get tough, the entrepreneur can say, we agreed I would have this much more time to achieve success. And perhaps that will give you the breathing room to reach your goals.

Shane Krider – Polaris Media Group

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Wednesday, November 11th, 2009

Australians Achieve Success with Video Games

Achieve success In Australia alone, the video games industry is worth about $1.5 billion a year, a figure estimated to rise to $2.2 billion by 2013. As computer games migrate from the pricey games consoles (Microsoft’s XBox, Sony’s Playstation and Nintendo’s Wii) to the mobile phone, Australian developers are in the perfect position to achieve success from the industry’s worldwide explosion.

More than 2 billion applications have been purchased from the digital store since it opened for business in July last year creating a huge market virtually overnight. The technological advances in home computing means, an entrepreneur with a great idea and some creative vision, can create a multi-million dollar idea from their bedroom.

The reason Australian gaming entrepreneurs are making more money than ever before?

They no longer have to work through middlemen, the publishers, to market and distribute their games. A lot of local developers started out with a fee-for-service arrangement with international companies and consequently Australian developers didn’t own the rights to the games, nor did they stand to benefit substantially financially.

The launch of the App Store, which allows developers to publish their own games, has revolutionised the games world. An online user rating system markets the product and through social networks like Facebook and Twitter the word of mouth factor is boosted guaranteeing major earning potential if it gains popularity.

According to Film Victoria Chief Sandra Sdraulig, online and wireless games are growing exponentially, especially in the Asia-Pacific region. So much so, Sdraulig hosted an international conference at Federation Square last month dedicated to digital distribution – the selling of games online or on mobile phone networks, rather than in stores.

And Film Victoria is fanning the flames of the gaming gold rush by announcing at last month’s conference the $500,000 Downloadable Games Initiative, which will provide funding of up to $75,000 per project to support the development of prototype games for online and wireless distribution.

The fact that a user has to be committed to a game to pay the $50 or so a typical console game costs, has put the new breed of gaming entrepreneur ahead of the existing pack from the outset.   Thanks to smart technology, buying a game for an interactive phone is relatively easy. A few taps on the touchscreen keypad and within moments you’re shooting zombies or landing aeroplanes to the sound of “GoodShow!” and racking up high scores. By survey it is a far more entertaining and spontaneously rewarding experience for the user than a trip to a shop.

Jeremy Ray, presenter of ABC-TV’s cult show Good Game, is of the opinion that while the Australian development scene has had a rollercoaster of ups and downs in the past few years, digital distribution opens brand new exciting doors and opportunities. According to Ray the greatest recent success story comes out of Melbourne in the form of video game developer Infinite Interactive. Steve Fawkner’s team created the worldwide hit Puzzle Quest, and it’s with the smaller, casual games that there’s massive potential.

But it’s not only the small guys who are exploding. Tony Lay, the chief of Southbank-based IronMonkey Studios, says that despite the economic downturn they have more than doubled their staff in three months from 20 to 44 positions.

IronMonkey’s sucesses include work on Sims 3, one of the App Store’s highest grossing games, and Lay expects more to follow, both for IronMonkey and other Australian developers to achieve success. And as the market expands and technology advances, the gaming gold rush grows.

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Saturday, October 17th, 2009

Parents Instrumental in Kids Achieving Success

Achieving successSome parents instil in their kids a sense of confidence and a feeling that they are able to achieve anything through hard work.

Child experts say parents may sometimes unwittingly foster their child’s entrepreneurial drive from an early age, resulting in them achieving success.

Not all children can be entrepreneurs. You’ve got to be creative to achieve success in business and parents play a big part in developing the level of determination and confidence these kids have. Sometimes all they need is encouragement.

Mike Jarocki is a gifted young entrepreneur. Unsure of what he wanted to do with his life he was at a loss. He wanted to be an actor, then a professional snowboarder, followed by a musician. Anything that came to mind was fairly short-lived. Eventually, he treated the Internet like a video game. To beat the first level, he set a goal of making $10 solely online.

He learned quickly and moved on from small dollar and cents spam operations. He started Credit Card Finder, a service for comparing and applying for credit cards, at the age of 18.

Since he began working, editing and improving the site, revenue has increased by approximately 2400%, and growth is set to continue.

His family were saying he had to get a degree but he felt that not everyone that was successful had been to uni. And he is right. Hard work and business intuition meant he not only started but also grew his business through one of the most difficult economies in history. His parents felt that achieving success hinged on him going to uni and yet he is a natural entrepreneur. I am not saying everyone should go out and quit uni! I am merely saluting entrepreneurial spirit.

Shannon Lavenia- Polaris Media Group

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Sunday, October 4th, 2009

Born to Achieve Success

Achieve successDerrius Quarles is a 19 year-old freshman at Morehouse College campus in Atlanta, Ga. He is slick, streetsmart and incredibly intelligent. A young man who favours tailored suits and hands out business cards emblazoned with the words Student/EntrepreneurLeader.” But it wasn’t always this way. He was flat-out told that he would never achieve success.

His route to higher education has been a rocky one. His father was stabbed to death when Quarles was four, while his mother struggled with drug addiction. He spent the rest of his childhood with relatives or in foster homes. At times he and his older brother would steal food from nearby convenience stores. By the time he turned 17, Quarles was living on his own.

According to Quarles he had people tell him he would never amount to anything. He says that after so many people put him down he was all the more determined to prove them wrong and achieve success.

He enrolled in Chicago’s Kenwood Academy High School and by the end of his junior year he was earning straight A’s. Quarles won a full ride at Morehouse, a Gates Millennium Scholarship worth $160,000 and two others worth $20,000 each.

He reckons he’s got no time to play around. He wants to be all the things people said he never would be. And if his plans to attend medical school and eventually become U.S. surgeon general are anything to go by, he will prove them all wrong and achieve success.

And you know what?  I want him to be right!

Shane Krider- Polaris Media Group

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