So, what attributes do you need to become a successful entrepreneur? Fred Schebesta is the founder of Finder, one of Australia’s largest and best-known comparison sites. He shares his thoughts.
It’s natural to despair when things get tough but throwing up your hands – or throwing in the towel – doesn’t help when you’re getting an enterprise up and running. True entrepreneurs don’t even think about it, they’re too busy doubling down on their efforts to find a solution.
That’s been the story of Schebesta’s life for the past 14 years – turning his big idea into a venture that receives more than 4 million visits a month and employs a team of 400 across Sydney, New York, London, Manila and Wroclaw, Poland.
“You need an inordinate amount of persistence to establish a successful company,” Schebesta says. “You’re constantly dealing with obstacles and problems and you need to find a way to innovate around them and carry on even if they’re really tough.”
Schebesta was recently forced to do this when three consecutive attempts at creating a mobile phone comparison service failed.
“The first time we did it we had to tear it down, the second attempt was over-engineered and, when we built it a third time, it still didn’t work,” Schebesta says. “We’d taken the learnings onboard on our fourth attempt, dealt with the problems and created something that did.”