Indigipreneur Podcast & Digest
At Barayamal, we do a lot of “world’s first” which is why we are leading this space… The Indigipreneur Podcast & Digest brings you inspirational stories of Indigenous entrepreneurs and keeps you up-to-date on the Indigenous business economy.
Recent Podcast episodes
From $0 to (almost) a millionaire: How Leslie lost his life savings, then became a successful investor
How A Young Aboriginal Entrepreneur Sold His First Startup While in High School for $50,000 – Here’s How He Did It
Leslie Dingo
On today’s show.
We hear how Yamatji man Leslie Dingo from Carnarvon who lost $160,000 and his life savings before becoming a successful trader, which allows him to continue living in his community and life a comfortable lifestyle.
Quotes:
“If we had a mentor that had already made the mistakes before we got to them, it would of saved us a lot of heartache and money so I can’t stress enough the importance of having a good mentor.”
“Trading was where my real passion was and I think for a lot of entrepreneurs and people who want to have a better life need to do is find what you are really passionate about and what you like doing and make a business out of it.”
“Review your circle and if there are people who are not helping you achieve your goals or ambitions, then I would really consider reviewing the relationship and finding the right people that you need in your life.”
Show notes:
Leslie talks about how he got into trading stock despite growing up in outback Western Australia. [0:50]
How to make money fast. [2:30]
How Leslie learned how to successfully trade without mentors. [3:38]
Benefits of having a mentor vs not having a mentor. [5:00]
Lessons learned from trading in the real-world. [5:50]
How Leslie loss $160,000 and his life savings to making it all back within a year. [6:43]
Success factors that lead to his success in trading. [8:20]
Why you need to find your passion and make a business out of it to achieve success in life. [9:50]
How playing poker helped Leslie become in trading. [12:35]
Overcoming negativity from middle-class Australia. [14:50]
Why you should review your circle and remove the toxic relationships from your life. [16:11]
Leslie discusses some of his biggest trades and how much money he makes. [18:35]
What to look for in the companies you plan to invest in. [25:15]
Things to be careful of when investing in Bitcoin to avoid trade manipulations and losing all your money. [27:30]
“Trade what you know” - the success principle you need to know. [31:50]
Why you need to trade what you are passionate about and to avoid “spiritual suicide”. [34:00]
Future plans for the Dingo brothers. [39:00]
The books you need to read. [43:00]
Books:
Automatic millionaire by David Bach
How to win friends and influence people by Dale Carnegie
Outliers by Malcolm Gladwell
Power of the subconscious mind by Joseph Murphy
That concludes today episode of Indigipreneur. If you would like to know more about Leslie, please connect with him on Twitter @leslie_dingo.
This episode was brought to you by Amanda Young from the First Nations Foundation. The First Nations Foundation help First Nations people to achieve economic freedom through financial literacy training and support. Feel free to get in touch with the First Nations Foundation by emailing info@fnf.org.au or visit their website http://www.fnf.org.au
Dylan Mottlee
On today’s show.
We hear how Darug man Dylan Mottlee from Western Sydney sold his first business at 17 and is now expecting to turn over $300,000 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.”
Show 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 zoey@operationmove.com.au or visit her website http://www.operationmove.com.au/