Entrepreneurship: Traits, Characteristics, and Success Story of John Ilhan

Entrepreneurship

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Table of Contents
Introduction...........................................................................................................................................1
Background of an Entrepreneur............................................................................................................1
Entrepreneurial traits and characteristics...............................................................................................2
Opportunity recognition and idea development process........................................................................2
Competitive advantage..........................................................................................................................3
Conclusion.............................................................................................................................................4
Recommendation..................................................................................................................................5
References.............................................................................................................................................6

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Introduction
The term entrepreneurship is termed as a capacity of to create, sort out and deal with
another business in order to satisfy client’s request. The characteristic of business enterprise
is high hazard taking ways and improving new plans to enhance the competitive demand.
Entrepreneurs are the person who thinks of new business venture. They adjust to new
business methodologies so customers could be profited. In this report, one of the Australian
business visionary John Ilhan is considered. The attributes and characteristics he followed in
his success story are recorded. He has planned different strategies so that business activities
could be improved. Each business entrepreneur is remarkable in their own specific manner
and they utilize unique ways to deal with issues and work towards achieving objectives
(Businessinsider, 2018). John Ilhan in one of the successful Australian businessman that has
started up his new business by incorporating values for the society by not motivated to earn
profit. John Illhan is born and brought up in a working class family but he was not concern in
being an innovator. He came up with his own idea of opening up his own mobile phone shop
that was then expanded into one of the Australian biggest mobile company.
Background of an Entrepreneur
The entrepreneur that is considered in this report is John Ilhan, who is one of the
successful entrepreneurs of Australia. He was born in turkey in year 1965 but he migrated to
Australia with his family at the age of five(Zaheer, Breyer, Dumay and Enjeti, 2018).
During his academic career he as diversified interest in sports and was highly passionate
about athleticism and many other team games. His job promoted him to move towards
entrepreneurial move he opened up his own mobile phone store. The mobile phone store was
just a start-up which future expanded to become largest Australian company that is Telstra.
The idea achieved a huge success in the business world (Aziz, 2018). He overcame all the
challenges that are faced in the competitive industry and then became one of the recognized
organisations in Australia. In his entire career he faced various challenges one of the major
suffering was death of his younger brother (Businessinsider, 2018). He was ranked as a first
youngest rich entrepreneur of the country. Later, in year 2006 he expanded the business in
food allergy foundation that promoted the public support by removing the issues and causes
faced by the people in the society. Mr Illhan faced barriers but still has worked in a way to
overcome from all the losses (Durkin and Gunn, 2016). He is the founder of mobile