Lachlan Delchau-Jones Wiki
Lachlan Delchau-Jones Biography
Who is Lachlan Delchau-Jones ?
Young entrepreneurs who started businesses as teenagers have revealed how they skipped college and have already raised $ 70,000 in a single month.
Brisbane friends Lachlan Delchau-Jones, 19, and Taylor Reilly, 21, prospered during the pandemic by establishing a business that distributed craft and hobby products directly to customers trapped at home locked up.
Their business, which started from scratch in April 2020, made $ 70,000 in just 30 days selling novelty paint-by-number kits, cases and puzzles for iPhone, and they hope to break that record in the run-up to Christmas.
Since then, the entrepreneurs, who met through mutual friends with similar interests, have started a number of other businesses, ranging from e-commerce to helping charities raise money on social media.
They have also revealed their tips for being successful with Daily Mail Australia, from having the right product to having the mindset for success.
Young entrepreneurs who started companies when they were still teenagers have revealed how they skipped university and have already raked in $70,000 in a single month
Mr. Delchau-Jones has decided to skip college entirely as he has experience building online sales businesses as a teenager.
“ I have been in this line of work since I was my mid-teens and after leaving high school in 2019 I made the decision that college would never be for me and I should use my youth to my advantage and pursue my passion. completely. -Time, ” he told Daily Mail Australia.
Reilly, who turned 21 in October, enrolled at Queensland University of Technology studying for a dual degree in business and IT, but has now ‘permanently put off’ his studies to be a full-time entrepreneur rather than spending the next two years on campus.
“I spent two years in my career and although some will probably see it as a waste since I left, now I see it almost as the necessary step to find out what I wanted to follow,” he told the Daily Mail Ausrtalia.
‘I have no ill will with universities, for the right people and the right degrees is the logical path.
“However, I felt that business in college was missing a practical element that I could get from other places in my life.”
Reilly, who began making candles to sell at age seven before graduating to create websites in high school, last year created the Charity Exchange, a company that helps charities raise funds through social media.
Lachlan Delchau-Jones, 19, has decided to skip university altogether, already having experience
He also has an influencer management company that helps clothing brands and advises influencers to grow their brand.
Delchau-Jones has established his own company LDJ Enterprises and is a CEO who is still in his teens, and is also helping an influencer establish Bathle, which sells bath bombs online.
When it came to being successful with online sales, he recommended selling only products that your friends would buy.
“A general rule of thumb is that if you wouldn’t use it or if you don’t know someone in your immediate friendship group who would, it’s generally not a viable product,” Delchau-Jones said.
Products must also have a higher perceived value so that there can be a profit margin.
“Having a high perceived value is also key, our game is to see the product with a profit, so the product has to show it off,” he said.
Reilly said that fear of failure was the biggest obstacle to success.
“The key to any business being successful is having the ability to develop discipline and accept that failure will occur,” he said.
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“Many people are discouraged from posting any form of advertising on social media because there are costs involved and they are afraid of losing money.”
Those interested in getting started are advised to be prepared to lose a small amount of money.
“In fact, we recommend having a small budget to spend on marketing to test and find valuable information, such as what targeting or message your demographic best responds to,” Reilly said.
“Having a high perceived value is also key, our game is to see the product with a profit, so the product has to show it off,” he said.
Reilly said that fear of failure was the biggest obstacle to success.
“The key to any business being successful is having the ability to develop discipline and accept that failure will occur,” he said.
“Many people are discouraged from posting any form of advertising on social media because there are costs involved and they are afraid of losing money.”
Those interested in getting started are advised to be prepared to lose a small amount of money.
“In fact, we recommend having a small budget to spend on marketing to test and find valuable information, such as what targeting or message your demographic best responds to,” Reilly said.
Mr Reilly, who started making candles to sell at age seven before graduating to building websites, last year set up Charity Exchange
Getting started and being passionate was considered essential to success.
“The hardest part of pursuing a great business idea is taking the first step,” she said.
“It is very easy to make excuses and put off an idea or a project.
“Small steps like writing the first business plan, building a prototype or creating a name or logo can be all it takes for someone to take that step.
“The two most important pieces of advice we can give anyone looking to build a great business is to be passionate about the product or service you are selling.
“The commitment and dedication that passion brings will allow you to lead and overcome past failures and overcome problems.”
Mr Delchau-Jones has established his own company LDJ Enterprises and is a chief executive officer still in his teens
Young entrepreneurs are also prepared to seek the advice of business leaders twice their age, having taken a course with the 40-year-old co-founder of the financial comparison group Finder, Fred Schebesta.
His mentor was included in the Australian Financial Review’s Rich Young People List with an estimated value of $ 340 million.
“Don’t be afraid to ask for help,” Delchau-Jones said.
Gain the confidence to ask other people for advice and network in your industry.
“The relationships you can build on common ground can help you avoid problems even before they become a reality for your business.”
Lachlan Delchau-Jones Quick and Facts
- Lachlan Delchau-Jones, 19, and Taylor Reilly, 21, made $70,000 a month
- They have both revealed why they are either skipping or deferring university
- The young entrepreneurs have revealed the keys to succeeding in business
Source: https://wikisoon.com/
