Newspaper article The Daily Mercury (Mackay, Australia)

Young Business Minds Share Tips for Success; Helping Others Is Key, Not Just the Bottom Line, Say Tim Kummerfeld and Amanda Pelagalli

Newspaper article The Daily Mercury (Mackay, Australia)

Young Business Minds Share Tips for Success; Helping Others Is Key, Not Just the Bottom Line, Say Tim Kummerfeld and Amanda Pelagalli

Article excerpt

Byline: Fallon Hudson Reporter

IF AMANDA Pelagalli and Tim Kummerfeld had spoken about business as six-year-olds, one would be selling homemade handbags to family, while the other had daydreams of being a stockbroker - like the ones living the fast-paced life on TV.

These days, the two young business minds run completely different businesses to the ones they dreamt of as kids.

Miss Pelagalli is the founder and business stylist of Heed Business Design.

And Mr Kummerfeld is the director of Launch Accounting.

Heed Business Design is an independent and holistic marketing management solution for like-minded business owners.

Launch Accounting challenges the status quo of accounting being boring.

"I started Launch Accounting, so that I could give opportunity to other talented accountants, who had become disillusioned by the industry," Mr Kummerfeld said.

"It is more than numbers and it's really rewarding to work with other business owners and help them achieve their goals."

Miss Pelagalli said she always knew she would be a business owner and was always business-minded. What drives her is helping other businesses.

"Marketing is so much more than just an advertising budget and I want to help business owners put the heed back into their marketing decisions," she said.

She said there were three main reasons she started her own business: firstly, she saw there was a need for the help she could offer; and secondly, owning a business was a great way to give back. The third reason was she didn't want to work for someone else anymore.

"I wanted to create my own culture, live my own vision and be in an environment that fostered entrepreneurs and innovation," Miss Pelagalli said.

When it came to the rise in unemployment and a shift to the economic climate of current times, starting a business could be seen as a risk.

But Mr Kummerfeld said a successful business was about taking well measured, educated risks.

"The current economy provides, in some cases, great opportunity, if you have an innovative product or service. …

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