The modern world has enabled young aspiring business owners the chance to make it with nothing more than a big idea more than it has ever done before.
Through social media, crowdfunding and other digital methods it has become more accessible to launch a successful startup and turn it into a global success.
Here are four young Australian that took the plunge and created business empires.
Emma & Tom’s co-founders Emma Welsh and Tom Griffith.
The health and wellness industry has become a retail juggernaut in recent years, growing into a $4.2 trillion global industry.
But childhood friends Emma Welsh and Tom Griffith were well ahead of that curve, deciding to create their own business together back in 2004.
The overarching theme was that their enterprise had to make feel better, in every regard.
The actual line of products are foods and drinks that are preservative, concentrate and artificial flavour free and high in natural vitamins, minerals and antioxidants.
It is widely stocked in major supermarkets and all ingredients are largely sourced locally with a strong collaboration with Aussie farmers and small businesses.
Over $100,000 worth of products are donated annually to community groups, charity events and fundraisers such as Pink Ribbon, Second Bite and the St Kilda Mission, while the pair also run a social enterprise “Unite Projects’ to help fight youth homelessness in Australia.
“My first boss was actually an American woman — and sort of a tough person. She always had to fight her ground. So, I sort of learnt about having a good manager and a collaborative approach to working with people,” – Emma Welsh
Movember Foundation co-founder Adam Garone
Charity organisations had always been a fairly sombre affair, as they tackled issues and illnesses that were grave by nature.
Men’s health is no different, but Adam Garone wanted to put the fun back into FUNdraiser when he created the popular Movember movement.
Challenging men to raise money by growing terrible facial hair, this has blossomed into an enormous annual movement – and it is not only men taking part.
Women are tattooing moustaches onto their fingers to take part in the fun and raise money for a vital cause, all through a little innovation on a very traditional industry by Adam Garone and his team.
“I gained a lot of skills in the military, particularly in leadership. But to be honest, the experience at Melbourne University and my new job broadened my perspective on life.” – Adam Garone
Grace Loves Lace founder Megan Ziems
Wedding dresses have long been about tradition and as a result there has not been a lot of variety across the centuries when it comes to “The Dress”.
Megan Ziems saw an opportunity to market “The Dress” to the woman wearing it, instead of the stereotyped bride and worked to disrupt the industry.
The power of social media handed the company its first big break in 2016 when the Hollie 2.0 dress was ‘pinned’ on Pinterest more than 2.5 million times – the most pinned dress of the year.
That led to the first European Showroom opening in London in 2017, but it was online the Grace Loves Lace has made its mark with the e-commerce side of the business reaching 65 countries.
“International headlines have spread our brand message to a broader audience than we could ever reach on our own,” – Megan Ziems
Looking to start your own business or the grow the one you have to the next level? Contact Morris Finance today on (03) 5223 3453 to speak to one of our finance specialists.
