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Top Start-Ups From the Land Down Under

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Australia is quickly proving to the rest of the world that they are a country of entrepreneurial masterminds. Many start-ups that have seen exponential growth in the past few years have roots in places like Melbourne, Sydney, and the Gold Coast. The country’s relatively small market makes it an ideal place to start out a new venture, as there is less competition than start-up hotbeds like California’s Silicon Valley. Here are some of the most inspiring and lucrative success stories – everything from loans to shoes.

Melbourne Business

Catch of the Day

Founded in 2006 by brothers Gabby and Hezi Leibovich (who was named #6 on Business Review Weekly’s Young Rich List for 2013 with a $190 million fortune), this online retailer takes excess stock and offers them for reduced prices. The site’s overwhelming success has proved that Australians love a good deal on the internet, and the company has expanded to operate other bargain websites such as Scoopon and Grocery Run. Last October, Catch’s chief executive estimated the business was worth $600 million.

Freelancer

Another online success story is that of Freelancer, a global outsourcing marketplace where employers post jobs and users bid to complete them. Founded in 2009, the site now boasts millions of registered users all over the world and has completed over four million projects. Matt Barrie, founder of Freelancer and worth an estimated $185 million, was named one of the most influential people in tech by business news source SmartCompany and has contributed to growing Australian investment in technology stocks.

Nimble

This company has provided a solution to short-term financial difficulties. Founders Greg Ellis and Sean Teahan concocted the concept of ‘Smart Little Loans’: fast cash for those who are in a bit of a pinch, without the hassle and paperwork of long-term loans. Nimble allows users to borrow between $100 and $1200, lets them set up a payment plan (weekly, fortnightly, or monthly), and gets them the cash within an hour. Since its beginnings in 2005, Nimble has written more than 418,000 loans and raised $9.8 million in 2013.

Shoes of Prey

For all the footwear fanatics out there, this internet shoe retailer is for you. It allows users to custom-design their perfect pair of shoes, with a range of styles, colours, and materials to choose from. Co-founder Jodie Fox, who trained as a banking and finance lawyer, partnered with two ex-Google employees Michael Fox and Mike Knapp to launch Shoes of Prey in 2009. They are such a hit online that they are planning to open up shop soon in the Westfield mall in Bondi Junction, Sydney.

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Trump Comments on Stock Market’s latest drop – says it’s ‘peanuts’

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Trump says Tuesday’s market drop is ‘peanuts’

President Donald Trump played down the stock market’s losses on Tuesday as “peanuts” when compared with the importance of striking a good deal with China and the gains since his election.

The Dow Jones Industrial Average “was about 16,000 or 15,000 and now it’s almost at 30,000,” Trump said at the NATO summit in London. “It’s going to be at 30,000.”

“If the stock market goes up or down — I don’t watch the stock market. I watch jobs. Jobs are what I watch,” he added. Today’s move is “peanuts compared to — we have picked up record numbers so that’s OK. That’s the way I feel.”

The major stock indexes slid Tuesday after Trump said he thinks it would be a good idea to delay signing a trade deal with China after the 2020 presidential election. The Dow Jones Industrial Average fell more than 450 points at its lows on Tuesday, led lower by trade-vulnerable AppleCaterpillar and 3M.

“In some ways, I like the idea of waiting until after the election for the China deal, but they want to make a deal now, and we will see whether or not the deal is going to be right,” Trump told reporters before U.S. markets opened Tuesday. When asked if he had a deal deadline, he added: “I have no deadline, no. … In some ways, I think it is better to wait until after the election if you want to know the truth.”

Despite his assurances that he doesn’t watch the market’s daily moves, Trump often tweets within hours of when the U.S. equity market reaches an all-time high. He has tweeted the keyword “stock market” 107 times since his inauguration

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11 kids quotes we’re all feeling

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Ok so there’s always that time when you just wish so bad you could straight up say whats on your mind, but you know you really shouldn’t, so you don’t. Well leave it up to kids to say exactly what you’re feeling, no hesitation or regret. Check out these kids quotes that say everything you wish you could!

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THIS IS A WHOLE (FOOD) MOOD.

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Saturday savagery (submitted anonymously) #savage

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Why do kids say the darndest things? Comment with your favorite!

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How to become a better businessman in 6 steps; Priceless advice from Entrepreneurs

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Become a better businessman in 6 steps following this priceless advice from accomplished entrepreneurs.

  1. “Do something you’re very passionate about, and don’t try to chase what is the hot passion of the day.”

    Jeff Bezos accentuates having passion for what you are doing, because if you don’t love it you are much more likely to give up. It’s hard to take an idea and turn it into reality, especially by yourself or when people whom you respect tell you it can’t be done. The passion and love you give to your project will determine it’s success rate over time.

    Jeff Bezos Become a better businessman

  2. “Don’t let people who you may respect and who you believe know what they are talking about tell you that it can’t be done.”

    Pierre Omidyar continues to say that often they will tell you it can’t be done and that’s only because they don’t have the courage to try it.

    Pierre Omidyar become a better businessman

  3. “If you know exactly who you want to be, you need to spend as much time [as possible] with people that are actually that already.”


    This advice from Gary Vaynerchuk is actually priceless when it comes to success in the business world. Think as well “It’s not what you know but who you know,” and surround yourself with people you look up to. Human’s adapt to their surroundings quickly, and soon you won’t just want to be an entrepreneur, you will also know how to act like one.

    Gary Vaynerchuk

  4. “Come up with 10 new ideas every day.”


    Coming up with at least 10 new ideas every day will keep your “idea muscle” in shape, which is critical for an entrepreneur in order to keep going and stay ahead of the fast paced business world. James Altucher continues to say that once you’ve done this for about 6 months you will be an idea machine. New ideas keep passionate projects alive and ensure growth in every direction.

    Read Next: Working for yourself; Pros and Cons

    James Altucher become a better businessman

  5. Realize that, “naturally, nobody is interested in your ideas. You have to persuade them, and you have to show them that you are the one person out there that can do it.”



    Robert Greene, an American author known for his books on strategy, also says that “no one is really going to help you or give you direction.” Realizing this sooner than others will give you a head start and the ability to stop looking for recognition in others. Instead, you can focus on your passion project and make it perfect, and the world will not be able to ignore it.


    Robert Greene


    More about ‘Mastery’ by Robert Greene

  6. “Don’t think about ‘how do I get big fast.’ That will happen if you build something meaningful and important.”




    How to encourage teamwork in your organisation


    Danae Ringelmann’s advice is not something to skip. If you rush your ideas or your product you will be relying on luck more than anything to create success for you. While luck is certainly involved in alot of things, relying on it or betting on it to ‘get big fast’ doesn’t help you become a better businessman. Being proud of what you create, instilling passion into your work, and working hard will ensure success more than anything.


    danae ringelmann

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