What life is really like as an entrepreneur

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Fred Schebesta has come a long way since he began his chasing an entrepreneurial life nearly a decade ago. While he’s successful, healthy and fulfilled these days, it was a different story back in the beginning.

“I was pale, overweight and stressed out. I ate spaghetti most nights and looked sickly all the time. I remember my dentist was even concerned about my health, asking me if I ground my teeth.”

Even today, I constantly wake up at 4am and can’t switch off, so pull out my laptop and start working.

Schebesta says while most people believe that the life of an entrepreneur is one star-studded event after another, the truth is that life can include stages of having no money, lots of stress, struggling to switch off after hours and even bouts of feeling depressed.

Schebesta’s latest venture, Finder.com.au operates online financial comparison sites including CreditCardFinder.com.au, PersonalLoanFinder.com.au and HomeLoanFinder.com.au. And while he’s extremely successful, the early days when he was establishing himself as an entrepreneur were a major struggle, he admits. Continue reading “What life is really like as an entrepreneur”

Mark Cuban’s 12 Rules for Startups

marc-cubanAnyone who has started a business has his or her own rules and guidelines, so I thought I would add to the memo with my own. My “rules” below aren’t just for those founding the companies, but for those who are considering going to work for them, as well.

1. Don’t start a company unless it’s an obsession and something you love.

2. If you have an exit strategy, it’s not an obsession.

3. Hire people who you think will love working there.

4. Sales Cure All. Know how your company will make money and how you will actually make sales.

5. Know your core competencies and focus on being great at them. Pay up for people in your core competencies. Get the best. Outside the core competencies, hire people that fit your culture but aren’t as expensive to pay.

Continue reading “Mark Cuban’s 12 Rules for Startups”

This Startup Makes Finding Lost Items Easy

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Blame it on the dog. When Blake Sohn moved to a new house in Minneapolis, his dog–still wearing tags with the old address–ran away. Sohn, a marketing exec, was eventually reunited with his pet. But the experience led him to develop FinderCodes, a QR-code-based system of waterproof and tear-resistant stick-on labels for items like key chains, laptops, phones and, yes, dog tags.

A stranger who finds a dog (or anything else) with a FinderCodes tag can scan the code with a smartphone. The owner is automatically sent a text or e-mail notifying them that their item has been found and where it is. Then the two parties can arrange to make the exchange. Continue reading “This Startup Makes Finding Lost Items Easy”

Festive workshop business brings success for teenage entrepreneur

229611664A young entrepreneur has set up a festive workshop in Mildenhall and taken more than 100 orders for his handcrafted Christmas decorations during the first 10 days of his business.

Rhys Turnbull-Bester, 13, has been spending weekends and evenings fulfilling orders for the wooden ornaments which have been shipped as far afield as Australia.

He said: “I did not expect it – I just thought it would be through the family.”

With the help of his mum, Clare Bester, Rhys, of Red Lodge, launched the business Wooden Ribbons on social networking site Facebook in the hope of raising money towards his dream of competing in the 2020 Olympics in Tokyo.

The response was phenomenal and his Facebook page, gained more than 1,000 likes within 24 hours.

Continue reading “Festive workshop business brings success for teenage entrepreneur”