How A Young Aboriginal Entrepreneur Sold His First Startup While in High School for $50,000 – Here’s How He Did It
2018

 
 
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On today’s show, 

We hear how Darug man, Dylan Mottlee sold his first business at 17 for $50,000 and is now expecting to turn over $300,000 this year in his new business.

Quotes:

  • “Everyone has a reason to keep going forward, regardless of your circumstances and regardless of your age. Don’t define anything by normal social standards, reinvent the wheel.”
  • “It’s very plain and simple, university does not teach you anything for entrepreneurship. You can come out with a degree in entrepreneurship and not have a single clue how to effectively manage your business.”
  • “I’m just super-passionate about business and entrepreneurship that to me it wasn’t really around what keeps you motivated, this was my life now and this is what I’m doing on a daily basis like professional sportsmen.”
  • “Step up to the plate and get some work done. I can tell you right now, if you don’t and in a years time you look back, you probably won’t have much to show for it but if you put your head down and you concentrate I can guarantee you when you look back in a years time you’re going to be so much happier.”

Notes:

  • Dylan talks about his first business and how it sold it for over $55,000 when he was only 17 years old and continued to receive royalties for three years after selling. [0:48]
  • How and why he invested the money from his first business into other businesses. [2:20]
  • His new business that sells technology products and is predicted to turn over approximately $300,000 this year. [3:00]
  • Why he developed a computer algorithm via Python to grow his business through Facebook. [4:15]
  • Where Dylan finds talented employees to help grow his business. [7:20]
  • How he started developing an entrepreneurship mindset from the age of 13. [9:26]
  • Where the motivation comes from to overcome challenges and run a growing business. [11:09]
  • Why community is a big factor and how Dylan become a volunteer Director of his local Aboriginal Council. [12:30]
  • Despite being only 23 years of age, Dylan beliefs age is just a number in the world of business. [14:33]
  • The amazing talent within First Nations communities and how one girl developed an algorithm for Qantas that saved them $12,000,000. [20:00]
  • Biggest challenge that he needed to overcome in business and why you need to sacrifice to achieve success. [21:33]
  • Looking for information or courses to learn how to become an entrepreneur? Listen to Dylan as he talks about the only information you need to become successful in business. [24:10]
  • Do you need to go to university to be an entrepreneur? [25:20]
  • How to manage your time even if you run three businesses. [28:00]
  • Improving business operations through technology to optimise and increase sales. [32:36]
  • Why the Minimum Viable Product (MVP) is important for your business and how to do it yourself. [35:54]
  • How Dylan is breaking negative stereotypes in Australia through his success in business. [39:20]
  • How technology can close the digital divide between First Nations and non-First Nations people. [49:22]
  • How the Australian government can make a real difference and help close the disparity gap. [51:45]

That concludes today episode of Indigipreneur. If you would like to know more about Dylan Mottlee, please connect with him on social media or visit his website, Dyls Online.

This episode was brought to you by Zoey Dowling from Operation Move.

Operation Move supports you to achieve your life goals and a happier life by providing online and in-person running coaching and personal training programs. Feel free to get in touch with her at [email protected] or visit her website http://www.operationmove.com.au/