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Overcoming Fear to Succeed: Nick Molnar's Entrepreneurial Journey with Afterpay

   

Added on  2019-10-30

10 Pages1988 Words647 Views
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Running head: ENTERPRENERSHIPEntrepreneurshipName of the StudentName of the UniversityAuthor Note
Overcoming Fear to Succeed: Nick Molnar's Entrepreneurial Journey with Afterpay_1

1ENTERPRENERSHIPTable of ContentsIntroduction......................................................................................................................................2Background of the entrepreneur......................................................................................................2Entrepreneurial traits.......................................................................................................................3Opportunity recognition and idea development process.................................................................4Competitive advantages...................................................................................................................6Conclusion and Recommendations..................................................................................................7Reference.........................................................................................................................................8
Overcoming Fear to Succeed: Nick Molnar's Entrepreneurial Journey with Afterpay_2

2ENTERPRENERSHIPIntroductionThe aim of this current assignment is to provide a biographical Overview of NickMolnar, who is currently one of the famous and popular entrepreneurs in Australia. In the year2014, he established the organization of Afterpay, which is the famous E-Commerce businessfirm, offering innovative payment to the customers that can help them to buy online products.Nick is also currently the CEO of Afterpay. The Current report will discuss the social and educational background of Nick Molnaralong with his entrepreneur traits. It will also focus on the opportunities that are developed due tohis business ideas along with the competitive advantage that can be gained due to the same.Finally, recommendations are also provided that can help to improve upon the business ideas thatare developed by his Entrepreneurship traits. Background of the entrepreneur Nick Molnar is a young 27-year old entrepreneur with extensive experience in onlineretailing. He is the CEO and co-founder of Afterpay Holdings Limited, which is an Australianretail payment gateway and one of the fastest growing companies. It facilitates bridging betweenretail margins and their customers by offering them a new buy take now and pay later service. Itdoes not require any end-customer by making them enter into an upfront fees payment,traditional loan system or interests. It is a new payment system where shoppers can buy now andcan pay over months. Currently, after pay has a million customers and retail merchants over5000. It is listed on the Australian securities exchange in the year 2016 (van Weele et al. 2014).
Overcoming Fear to Succeed: Nick Molnar's Entrepreneurial Journey with Afterpay_3

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