Australia's Emerging Entrepreneurs
Entrepreneurs tend to be thriving in Australia.
In fact, Australia ranks second in the world amongst developed nations to those looking to start a new business, according to the Global Entrepreneurship Monitor. The first nation is the United States. Australia also ranks second in the world for women entrepreneurs, again sitting only behind the U.S.
So who are the best up and coming businessmen of Australia, and what makes them so successful?
Nick D’Aloisio – Summly
Are you familiar with the app Summly?
It condenses news articles to make them easier to read on smaller tablets and smartphones.
D’Aloisio created the app at just 15 years of age, and became 30 million dollars richer when Yahoo! purchased it.
Matt Barrie – Freelancer
Similar to oDesk or Elance in the United States, Freelancer is a job board for people seeking freelance work.
With the growth of the internet, there are millions of jobs out there for people talented in writing, editing, design and more.
Barrie created Freelancer with the hopes of it becoming “the eBay of jobs,” and with his incredible work ethic and commitment to the company, it’s well on its way.
Richard Chua – Talent100
Talent100 was created by high school student Richard Chua, now 27, to help high school students score well on tests and get into the college of their dreams.
You tell the company what score you need to get to be accepted into your desired college, and Talent100 breaks this down into achievable goals. The ‘100’ means that the company is 100% committed to you and your results. So far, the company has brought in more than 1.5 million dollars.
Amanda Lintott – Career Driven
Career Driven is a recruitment company specializing in the car and automotive sector, including sales. They go above and beyond just finding candidates for the job; they find the right person with the right experience that will fit in with your business’ particular environment.
The key to being successful is being extremely specialized, which is just what Career Driven has done. They are hoping to break into motor shows in the years ahead to continue growing their business.
Sarah and Emily Hamilton – Bellabox
Monthly subscriptions to beauty boxes are huge in the United States and are getting big in Australia, too.
Sarah and Emily Hamilton created Bellabox – similar to the U.S.’s Birchbox – back in 2011 and have seen incredible success thus far. They are hoping to turn the company into a worldwide business in the coming years.
To be a successful entrepreneur in any country you must be extremely driven.
Most entrepreneurs have start-up money or investors willing to help out, but that doesn’t have to be the case.
There are millions of opportunities for success by simply starting an online business, which doesn’t cost much of anything upfront. You must enjoy what you’re doing and be incredibly passionate about your line of business.
Most entrepreneurs aren’t geniuses – they’re regular people with an idea and a drive to see it succeed.
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About the Author
Sarah Brooks is a freelance writer living in Glendale, AZ. She writes on time tracking software, small businesses and personal finance.
Seo JungJin: Who is EY’s World Entrepreneur of 2021?
Seo JungJin, founder of biopharma firm Celltrion, which most recently developed an antibody treatment for COVID-19, has been named the EY World Entrepreneur of the Year 2021, becoming the first South Korean in the award’s 21-year history.
Regarded as one of the world’s most prestigious business awards program for entrepreneurs, the EY Entrepreneur of the Year celebrates visionary and innovative leaders from across 60 countries who are transforming the world and fostering growth.
JungJin, who is now honoroary chairman of Celltrion Group, was up against a worthy cast of entrepreneurial competitors, taking the crown from among 45 award winners across 38 countries and territories.
Speaking during the virtual event, JungJin described his own interpretation of entrepreneurship as something that brings together “a group of people toward a common vision, embracing challenges as opportunities and committing oneself to contribute to the greater good”.
Why was JungJin crowned King Entrepreneur?
A South Korean native and now 63 years of age, JungJin founded biopharmaceutical firm Celltrion in 2003. In the nearly two decades since its founding, Celltrion has lived up to its goal of advancing health and welfare for all by developing ground-breaking drugs to treat autoimmune disease, various forms of cancer and, most recently, COVID-19.
The company, which JungJin started with just US$45,000 and five of his colleagues, has since growth to more than 2,1000 employees with sales permits in more than 90 countries and revenues exceeding US$1.69bn.
According to the panel, JungJin’s story is a shining example of the power of an unstoppable entrepreneur to change the world with the pandel moved by both his incredible story and his purpose-driven leadership, innovative mindset and entrepreneurial spirit.
Described by the chair of the EY judging panel Rosaleen Blair as “representing everything an unstoppable should be” from taking on the world’s biggest health care challenges to consistently creating long-term value for his company, JungJin’s story is one of incredible tenacity and perseverance that the judging panel felt most represented the entrepreneurial spirit.
“He’s taken breathtaking risks, both personal and professional, to found Celltrion and grow it into one of the world’s leading biopharmaceutical companies,” says Stasia Mitchell, EY Global Entrepreneurship Leader. “His passion for creating affordable, life-saving health care and flair for tackling global problems has led to many treatments that have helped millions of people worldwide and was especially evident this past year through the creation of a COVID-19 antibody treatment.”
How did JungJin get there?
JungJin's entrepreneurial journey started at an early age when he worked as a taxi driver to get himself through Konkuk University in Seoul, South Korea. After studying industrial engineering, he rose through the ranks of Daewoo Motor Co. before losing his job amid the carmaker’s financial troubles following the 1997 Asian economic crisis.
Following this, JungJin started collaborating with colleagues to explore business opportunities in different industries, though none delivered lasting success. The turning point came after he attended a talk hosted by renowned scholars, which inspired him to focus on the biopharmaceutical sector.
And so he founded Celltrion with just US$45,000 of his savings. The launch of Remsima, credited with being the world's first antibody biosimilar, quickly moved Celltrion up the ranks of the country's fairly underdeveloped pharmaceutical sector. Celltrion followed this success with the launch of drugs for breast cancer and lymphoma that today are being used worldwide.
With ambitions to be the world’s first in different areas, Celltrion has pioneered numerous uncharted areas to great success over the past two decades, most recently responding to the global pandemic by successfully developing an antibody treatment for COVID-19 and working to ensure a timely supply of the safe and effective treatment.
“When I first started, my vision was to help patients gain access to safe, effective and affordable medicines and thereby enhance the quality of people’s lives,” explains JungJin. “The success of Celltrion has enabled me to expand on this while finding new ways to fuel my entrepreneurial drive.”