How to be a multi-millionaire before youre 40 lessons from BRWs Young Rich 2013

How to be a multi-millionaire before youre 40 lessons from BRWs Young Rich 2013 How to be a multi-millionaire before youre 40 lessons from BRWs Young Rich 2013Posted September 25, 2013, by Marni Williams Ever wondered how the successful people do it? Even if you dont think you have an entrepreneurial bone in your body, your career can benefit from the example of todays most successful young movers and shakers. Now in its 11th year, BRWs list of new, self-made money-makers offers some insight into what it takes to be rich and successful before youre 40. Robert Phillpot was a site supervisor for Multiplex when he complained to Leigh Jasper of McKinsey Company about the time he was spending drowning in paperwork and working off incorrect information. He left Multiplex and joined forces with Jasper to work on getting better collaboration in the construction industry. Their project management software Aconex grew independently in Melbourne, far away from the big US-based software compa nies of the dot.com boom and this fresh perspective was just what was needed. Thirteen years later, Aconex has managed $700 billion in construction projects all over the world, with clients in 60 countries. Coal tycoon Nathan Tinkler plummeted from the top of 2012s list into almost-bankruptcy this year. Why should we take notice of him then, you ask? Well we can learn just as much from his demise as we can from the rise of his two lieutenants, Todd Hannigan and Tom Todd. They were let go from Tinklers Aston Resources in 2011 and debuted on the BRW list this year. Tinkler, a former Hunter Valley electrician, turned a quick fortune in the coal industry and became Australias youngest billionaire by the time he was 35. Unfortunately, he wasnt so good at paying his creditors and keeping them on side, so as soon as the price for coal dropped he was on shaky ground in terms of cash flow, and didnt have too many friends to help him out. Meanwhile, the duo had already been shown the door with six months pay and some stock profits, which they have since put into their own venture, T2 Resources. If nothing else, they will certainly be paying their creditors on time. Their enterprise software company Atlassian has rocketed them to the top spot on the list and its no surprise that the guys who brought us the smooth issue tracking of JIRA know something about keeping their team happy. They have 600 staff and will be growing by a further hundred, but that doesnt mean they will be putting away the office NERF guns. They have an open company, no bullshit policy and just in case anyone forgets, its written on the walls. Atlassian invests every one of its employees in the companys success, offering employee share option plans, a $10,000 referral bonus and, most importantly for up-and-comers, a day per quarter where staff can work their way through problems of any kind and present commercial solutions. Considering Atlassians massive growth, we can assume this is a formul a that works. Feeling inspired to make a change? You can get the entrepreneurial skills you need to take the leap with our online geschftlicher umgang courses.Business ResourcesSenior business analyst sample resumeSenior business analyst sample cover letterCareer Insider StoriesChristopher Nheu - Head of Product at militrischer abschirmdienst PawsTahnee Claeys - Head of Operations at Mad PawsInterested in becoming a?Human Resources OfficerGeneral ManagerBusiness ManagerAccountantOffice AdministratorPopular Career Searchesdiploma of business career pathcareer opportunities for master of commercediploma of economics onlinediploma of business careers australiamaster of social change and developmentBusiness CoursesBachelor of Applied Business (Management)Enquire Online Enquire OnlineBachelor of Business (Sport Management)Enquire Online Enquire OnlineMaster of Business Administration (Innovation and Leadership...Enquire Online Enquire OnlineGraduate Certificate in Business Administration Enquire Online Enquire OnlineMarni WilliamsRelated ArticlesBrowse moreBusinessCareer progressionKick-start your brilliant career with a business degreeFor anyone aspiring to a career in management, wishing to climb the corporate ladder or dreaming about running their own business, a business qualification is one of the best places to start.Career progressionPay/Salary9 Things You Should Never Say When Asking for a RaiseThe process of negotiating a salary is never straightforward and stress-free. It requires confidence, the right attitude and knowing how to approach your boss it crucial. See 9 things to NEVER SAY when asking for a pay rise.Introducing Open Training InstituteCareer FAQs is pleased to welcome Open Training Institute as the newest member of our distance education family. Get awesome at something that matters