Bill Huynh

Bill HuynhName: Bill Huynh

Business name: Interior Secrets

Age: 25

State: Victoria

 

Not many 22-year-olds would relish spending their time negotiating hard with suppliers while grappling with the intricacies of Australian consumer standards.

 

But Bill Huynh has managed to build an impressive business through his ability to secure bulk orders and pass on the savings to customers.

 

Starting with $10,000 in savings, supplemented by borrowing $20,000 from family and friends, Huynh was able to travel overseas and buy his first container of products from China.

 

Specialising in replica designer furniture, Interior Secrets has cut back on expenses such as marketing and advertising to build up a select, but valuable, following.

 

Within the first year, the business hit $400,000 revenue, with this figure since rising to $1.2 million. Huynh has a team of five staff and is eyeing further growth.

 

His advice for other young entrepreneurs?

 

“Just do it. Nike couldn’t have said it better. Being a perfectionist, multi-tasking and thinking too much is inefficient and distracting.”

 

“Focus on what needs to be done and simply do it.”

You can help keep SmartCompany free for everyone to read

Small and medium businesses and startups have never needed credible, independent journalism and information more than now.

That’s our job at SmartCompany: to keep you informed with the news, interviews and analysis you need to manage your way through this unprecedented crisis.

Now, there’s a way you can help us keep doing this: by becoming a SmartCompany Supporter.

Even a small contribution will help us to keep doing the journalism that keeps Australia’s entrepreneurs informed.

And it’s not all one-way traffic either. SmartCompany Super Supporters get to dial into our monthly editor’s meeting and attend a monthly, invite-only webinar with a big-name entrepreneur.