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Saturday, July 10, 2021

New Zealand Entrepreneurs Research | Business Studies

For our last 2 classes for Business Studies for term 2 which were on Thursday & Friday, we have been looking around different Entrepreneurs and how they are unique and different from us. We researched who they were, what made them popular, how did they get widely known, what barriers they overcame and what made them so different from us. We were given the task to research 2 New Zealand Entrepreneurs, I have written all my gathered information in a document, I chose to do Sam Morgan, founder of TradeMe & Phillip Mills, founder of Les Mills & PureAdvantage. Here is my work.

Sam Morgan


Born in 1975 at the age of 46, Wellington Sam Morgan, also known as the founder of Trade Me, now New Zealand's largest online auction site, which he later on in 2006 sold to Fairfax, an Australian media company for over $700 million. How he came around the idea of making such a site was when he was 23. In 1999 he was in a zone where was frustrated and had difficulties buying a heater for his chilly flat. He realised that websites online didn’t work for the kiwis, at this point of time where he realised he could offer New Zealand a better website. 


During the research he came up with the idea of online auctions for New Zealand, trademe is now a successful auction, property, cars, & jobs website. Stating the fact that Sam Morgan is unique in his way, he had the ability to take action, some people spend the majority of their time talking about it and not solving the situation. While on the other hand Sam Morgan went ahead and took the problem in his hands and fixed it, Morgan’s net worth presently sits around $290 million. (Morgan)

Bibliography

Celebrity Wiki. “Sam Morgan Entrepreneur.” Biography, Celebagewiki, no information found No info 2020, https://www.celebsagewiki.com/sam-morgan-entrepreneur. Accessed 2020.


Reference:


Phillip Mills

Phillip Mills, born on the 13th of February 1995, age of 66, Auckland he is a former track and field athlete. Also a businessman in New Zealand, he is the founder, former chief executive & executive director of Les Mills national. The Les Mills fitness company has become internationally successful while still proudly owned and operated by New Zealand. He is also a founder of another business called PureAdvantage, which was founded in the year 2011. PureAdvantage is a registered charity led by many business leaders which are supported by a bunch of collective researchers & writers. Also supervised by the board of trustees and community leaders across New Zealand.


In 1979 Phillip took some leadership roles in the Les Mills fitness club which was founded by his parents, he continues to function in the Les Mills gym business within New Zealand. Early in the 1980s Mill then decided to develop an exercise-to-music choreographed set of exercises, meaning dance-related sets of exercises as well. Mills opened his first gym in 1968 and gave its name, Les Mills International which he named after his father, Les Mills.


Some backstory on how music and exercise came together in Phillip Mills business, he spent a year in a music business where he managed his brother-in-law’s rock band. Although he realised it was thrilling but somewhat unhealthy. During his loss of both of his brother-in-law’s who died young due to physical abuse that they put their body through. A year passed and that's when he found his passion for fitness and got back into the gym industry. Overall the business was going pretty decently but he wanted to make the most out of it, he talked about more excitement needing to be involved. He developed some workout music and launched them in an Auckland club and it became quite a successful and popular company now known globally. He owns 85 per cent of Les Mills NZ and 62-63 per cent of Les Mills International, which gives him a net worth of about $70 million. (Mills)

Bibliography

Mills, Phillip. “The Success of Failure.” Les Mills, Les Mills International, - - Unknown, https://www.lesmills.com/instructors/instructor-news/phillip-mills-on-failure/. Accessed No Info Information not found 2021.

 

Reference:

1 comment:

  1. Thank-you for sharing your ideas with us. I am pleased to see that you have practiced your citations for the sources of the information you have used. Finding out about these successful entrepreneurs highlights not just what makes them different to us but also how they are the same. I bet that when they where sitting in their Year 9 and 10 class at high school they would not have been any different to you are Ranit! As you get more confident with using citations you could begin to practice and master your in-text citations. This will help you provide your teachers in Year 11 the evidence of your research that they need to be able to award you the grades your efforts deserve. Well done and one day I think business classes may be researching you.

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