Report on Australian Entrepreneur

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Added on 2020-02-23

Report on Australian Entrepreneur

Added on 2020-02-23

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Running head: ENTREPRENEUREntrepreneurName of the Student:Name of the University:Authors Note:

1ENTREPRENEURTable of ContentsIntroduction:...............................................................................................................................2Background:...............................................................................................................................3Entrepreneurial Traits:...............................................................................................................3Opportunity recognition and Idea development:........................................................................4Nature of Businesses Developed and Competitive benefit:.......................................................6Recommendations:.....................................................................................................................7Reference....................................................................................................................................8

2ENTREPRENEURIntroduction:In this report, an attempt is made to analyse an Australian Entrepreneur who haveaccomplished success in business venture. Entrepreneurship is a method of scheming andoperating a business in the unique way to gain profits in the most effective manner.Entrepreneur is an individual who commenced a business operation that usually assisted bysmall amount of fund that is the capital of the business to run the whole operation of thebusiness. Naomi Simson is one of the brightest entrepreneurs in Australia. She commencedher entrepreneurship journey in 2001 with a second hand computer and $ 25,000 to startRedballon that is a retailer of gift that is based in Australia. These have served more than 3.5million customers. She was in the list of Top 30 entrepreneurs female in Australia on the yearof 2016. Figure 1: Red balloon(Source: red balloon.com)Background:Naomi Simson born on 1964 in Australia is a founding director of Redballon venturethat is based on Online retailing of gifts that is established in Australia. This is under the Big

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