A load of courage and a spine of steel are crucial traits for anyone hoping to launch their own business, according to celebrity accountant Anthony Bell.
Bell has gone inside the minds and lives of the country’s highest profile business owners for a new show called “Nothing Ventured”, which will premiere on business channel Your Money at 7.30pm on Thursday night.
“You have to have total courage to be an entrepreneur,” Mr Bell said.
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“What’s the difference between a lawyer with six staff and another lawyer with 150 staff? “They’ve got the same degree but one was thirsty for achievement, willing to risk the family home and put up with the sleepless nights.”
Bell himself is considered a highly successful entrepreneur, having founded accountancy firm Bell Partners, which has filed tax returns for the likes of Michael Clarke, Karl Stefanovic, Anthony Minichiello, Larry Emdur, John McGrath and some of the country’s best known businesses.
But according to Bell, the best in business see money as a measure of success rather than their primary motivation.
In a six-part series, Bell sits down with business tycoons such as Dominos pizza chain founder Don Meij, experience gift retailer Red Balloon founder Naomi Simson, Guzman y Gomez fast-food chain founder Steven Mark, talkback radio broadcaster Alan Jones and pokies manufacturer Aristocrat founder Len Ainsworth.
“The commonality between a lot of them is that a lot have become really rich but I don’t think that was ever their main driver,” he said.
“They all wanted to be the best in their game and money is a good way to measure that.”
A common thread between Bell’s interviewees was they typically came from humble beginnings, were willing to risk everything they owned, and were willing to put in the hard work to realise their dreams.
Bell and stadium manager cum co-host Michael Jacobsen have already convinced retail king Gerry Harvey, real estate mogul Harry Triguboff and boxer Danny Green to star on a second season of “Nothing Ventured” — which will only go ahead if viewer feedback is overwhelmingly positive.
In the meantime Bell will continue to manage the investments of his star stable, who he’s advising not to worry about a housing crash within 12km of Centrepoint Tower.
“I don’t see any softening at all in heartland Sydney, in a ring around the Inner West past Drummoyne into Dulwich Hill and Marrickville, north to the top of northern beaches around Palm Beach and Dee Why, south down to Cronulla, and all the eastern suburbs,” Bell said.
According to Bell, the housing market stalls every three years during an election period, which should not be confused for a softening market.
“There’s a lot of discussion around negative gearing and capital gains tax, which involves property, and people are waiting to see who gets in,” he said.