Justin Herald… A Most Unusual Millionaire!

Justin Herald entrepreneur story to inspire kids

Justin Herald has the kind of entrepreneur story that can really capture kids’ attention. It is bold, unusual, funny and full of lessons about attitude, confidence, persistence and giving an idea a crack.

This story impressed our kids because it shows that success does not always come from perfect school results or following the expected path. Sometimes, the spark is attitude, action and the courage to try something different.

Justin Herald entrepreneur story with cars and business success
Justin Herald with his toys!

Justin Herald: A Story That Will Impress Your Kids

This story will impress your kids. It certainly impressed ours.

There is also a little lesson in it for them.

It demonstrates that it is not necessarily only what children learn at school that brings future success. Sometimes, attitude, initiative, confidence and the willingness to take action can become powerful ingredients in a person’s life.

That is why stories like this are useful when we are trying to raise entrepreneurial kids. They help children see that business is not just about money. It is also about ideas, people, problem-solving and courage.

The Entrepreneur X Factor Event

Last week my friend Gary and I attended an unusual business event in Fremantle called Entrepreneur X Factor. We really did not know what to expect.

On arriving, it was immediately apparent that there was tremendous energy in the room. People were friendly, engaging and full of ideas. Successful entrepreneurs Mike Handcock and Dave Rogers ran the show, along with multi-millionaire guest speakers.

People from the event:

Mike Handcock at Entrepreneur X Factor business event
Mike Handcock
Dave Rogers at Entrepreneur X Factor business event
Dave Rogers
Dr Joe winner at Entrepreneur X Factor business event
Dr Joe

Why the Event Was So Unusual

There were two parts to the event.

The first sessions were all about Quantum Business, which was definitely not your normal run-of-the-mill business focus. After lunch, there was an exciting competition where participants stood up in front of the audience and publicly presented their business idea or concept.

The audience judged the event. Budding entrepreneurs, seeking big business support, were scored on their one-minute presentations. The competition was similar to the TV show The Lion’s Den. Investors were in the room looking to partner with the winner and help them grow their idea.

It was exciting and a little tense. The winner was a guy called Dr Joe.

I could share more about the Entrepreneur X Factor competition and the insights around Quantum Business, but the main purpose of this post is to share a story that will impress your kids.

The First Impression of Justin Herald

So here goes.

There was this tattooed guy in the room dressed in a checked shirt and jeans. He had a goatee and shaven head, wore a black choker necklace and earrings, and described himself as a self-proclaimed bogan who loved hotted-up cars.

This unusual character was introduced as Justin Herald. I had heard the name before, but could not quite remember where I had heard it.

Justin was one of the guest speakers. He came to the front to share his experience and offer some valued advice to us all. He told us the story of how he built a multimillion-dollar business from literally nothing.

There were no airs or graces about Justin Herald. He was an everyday bloke who really did not care too much about what people thought of him. He spoke his mind, he had charisma, and he certainly had attitude.

How Justin Herald Started with an Attitude

Justin Herald’s dad was a church minister, and Justin grew up within a church community. It was in a church that his first business idea evolved.

During one particular church service, an elderly lady spoke to Justin and pointed out that he had an attitude problem and should mind his manners.

Justin did not take well to being told off about his attitude, especially at 25 years old. However, that moment ignited an idea.

At the time, Justin had only $1.25 in the bank and needed some cash to put his idea into action. So he asked his brother for $50. He then bought some cheap shirts, took them to a printer, and had “Attitude” slogans printed on them.

He enlisted the support of his brother and mates. Each of them put on one of the freshly printed shirts and attended the Sunday service, making sure they all stood in full view of the opinionated lady.

She was not happy when she saw the blatant prank Justin had pulled. The shirts had served their purpose very well, and Justin was delighted.

However, something unexpected happened after the service. A number of people took an interest in the “Attitude” shirts. In fact, some people asked if they could buy one from Justin.

That was the beginning of something much bigger.

The Attitude Brand Begins

Justin Herald thought it might be worth a few dollars, so he used the money from selling the first six shirts to his mates and organised for more shirts to be printed with “Attitude” slogans.

Word got out, and his little business began to emerge.

Attitude clothing logo from Justin Herald business story

He decided to try selling his shirts at the Sydney Markets. He had never done this before and had no idea how it would go. So he asked one of his mates if he would lend a hand.

His mate said, “No.”

So Justin asked if he would lend a hand for one hundred bucks, and his mate said, “I’d love to help!”

They arrived at the markets and were allocated a table. Justin tipped his box of shirts onto the table all jumbled up. The shirts were a novelty, and people were interested.

Justin Herald Sold Out in Two Hours

To his complete surprise, Justin Herald sold out in the first two hours.

Justin Herald and Trevor at Entrepreneur X Factor event
Justin and I.

His excitement and business grew from there. He printed more and more shirts and was soon selling $10,000 worth of shirts every weekend at the markets.

Next, he tried retail stores. The owners moved him on because they had never heard of “Attitude” branded shirts. They also said their customers were not asking for “Attitude” shirts.

Justin had an idea. He asked his mates to call all the retail stores in the area and ask if they had “Attitude” shirts in stock.

He gave it a few weeks and then paid a visit to these same stores with a sample of his shirts. This time, they were pleased to see him and could not wait to get his shirts up on display.

“You wouldn’t believe the number of calls we’ve had with people inquiring about Attitude shirts.”

Justin’s response was simple:

“Oh really?!”

Business Lessons Kids Can Learn from Justin Herald

Todd Hutchison known as the Corporate Mechanic at Entrepreneur X Factor
Todd Hutchison, known as the Corporate Mechanic.

Justin Herald’s business continued to grow with the introduction of other lines of clothing. He received an invitation to be interviewed on The Morning Show, where he told his story.

He claimed that within thirty minutes of the interview, the phone rang hot with retail stores placing orders for his shirts.

Justin said he never needed to advertise his product because he was regularly being interviewed by television shows, business magazines and newspapers. He always made for a great story because he did not look like the regular businessman.

Justin Herald has a real sense of humour and loves to rib the people around him. He admits that he has plenty of attitude himself and believes that is why his brand worked.

He is also very easy to talk to and says that one of the secrets to a successful business is connecting with people.

That is a valuable lesson for children. Business is not just about selling a product. It is about understanding people, solving a problem, creating interest and building relationships. These same skills are often developed through simple family enterprise stories and real-world projects.

The Deal That Changed Everything

This chapter in Justin Herald’s story drew to an end when a very large company approached him to do a deal.

He was called to a board meeting. Justin rocked up in his jeans and checked shirt to confront a line of suited lawyers and business leaders. First came the formalities, and eventually they passed over the official offer for him to read.

Justin read the dollar number on the page in disbelief. He asked the lawyers if the comma was actually a comma or whether it was a dot.

They said it was a comma.

He then said, “Do I get a TV with that?”

They looked at one another and said, “Of course!”

So he took the deal, which he described as being worth hundreds of millions of dollars. He also took the TV from their wall. They wanted to get him a new one, but he said he did not want to muck around trying to rip up the box and packaging to fit it into his recycling bin.

From $1.25 to a Multimillion-Dollar Business

From having only $1.25 in his bank at the age of 25, Justin Herald grew his business in a relatively short time into a major brand.

Today, Justin Herald has had his fingers in different pies, including launching new brands and owning other successful businesses.

Justin Herald’s Four Business Lessons

Justin left us with four excellent “Aha!” moments.

  • You need a switch. You need something that gives you the purpose, focus and drive required to start a business. His was the opinionated lady at church. Justin is very grateful for her.
  • Say “Next!” Justin explained that you will face barriers, setbacks and naysayers as you try to move ahead with your business. He says “Next!” and moves on. Many people would fall back to their comfort zone and give up, but not Justin.
  • Networking matters. He says business is about the way you relate to your customers. Word of mouth can bring you greater business.
  • Give it a crack. This was his biggest tip. Stop waiting for everything to be perfect and take action.

Justin Herald Next business lesson for kids

After the presentation, Gary and I had the privilege of chatting to Justin Herald one-on-one. We found him to be a genuinely nice bloke.

He told us that his mates today are the same bunch of blokes he hung out with when he was twenty. He never made the grades at school, and his attitude had him in trouble many times during those years. However, it was also his attitude that helped make him what he is today.

Let’s hope that Justin Herald’s success story inspires your kids like it did mine. Children do not have to fit every expected credential to become successful. They need confidence, courage, persistence and the willingness to learn through real-world action.

You may also like our article on Green School Bali and its philosophy on education.

More About Justin Herald

Here is the blurb about Justin Herald from his website at the time this original article was written.

Justin Herald became one of the rising stars in the fields of business and personal development. At the age of 25, with only $50 to his name, Justin set about changing the course of his life. He created Attitude Inc, a clothing brand that became an international licensing success.

Justin’s success was widely recognised, and he was named International Entrepreneur of the Year in 2005. He also received the Future Leaders Award, recognising him as one of the influential leaders of the next generation in Australia.

Justin Herald book How to Grow Your Business Without Spending a Cent Justin Herald book Would You Like Attitude

He has had columns in magazines and newspapers in Australia and overseas, and he is also the author of multiple bestselling books.

Key takeaway: Justin Herald’s story is a powerful reminder for kids that success can begin with a simple idea, a bit of attitude and the courage to take action. It is not enough to just think about an idea. At some point, you have to give it a crack.

Where to Next?

If you enjoyed this entrepreneur story, you may also like:

Business Plan Ideas for Students: A Success Formula Kids Can Learn

Chayse giving thumbs up for business plan ideas for students

Business plan ideas for students do not need to begin with a complicated document, a bank loan or a grown-up business plan. Sometimes they can begin with a simple formula children can understand and apply to a real enterprise project.

In our previous post, we shared Sean Rasmussen’s teachings around developing a healthy self-image. This article follows on from that discussion as we look at one of his valuable lessons about success in business: a simple formula that can help children understand training, tools, teamwork, time and results.

Business plan ideas for students shown with a success baby image
A simple success formula can help children understand business planning, action and results.

Business Plan Ideas for Students: A Simple Success Formula

How would you like to know Sean Rasmussen’s business success formula?

Teaching these understandings to your children can help set them on the path to becoming successful, confident and practical young entrepreneurs. The point is not to make business complicated. The point is to give children a way to understand how effort, systems and support work together.

Sean introduced a simple formula that can help produce results in business:

(Training + Tools + Team) × Time = Results

Business success formula for students learning training tools team time and results
Sean Rasmussen’s simple formula: Training + Tools + Team × Time = Results.

For us, this became one of the clearest business plan ideas for students because it turned business planning into something practical: learn the system, use the right tools, build a team, give it time and then measure the results.

This formula can fit many business models, whether it is a conventional business, an internet-based business, a family enterprise project or a small student business idea. It also fits with what we have read about Robert Kiyosaki and his “business builder” model, where the aim is to build a business system rather than simply create another job for yourself.

In our blog about David Wood, we discovered that he also used this kind of formula for business success and taught how it could apply to network marketing.

For Enterprise for Kids, the real value is this: children can use the same basic thinking when they start small. A child’s enterprise might be honey, lolly bags, artwork, dog walking, plant sales or a market stall. The business may be small, but the planning lessons can be very real.

Why Business Plan Ideas for Students Need a Formula

Students often hear the word “business plan” and imagine something long, formal and boring. But business plan ideas for students can be much simpler than that.

A good plan helps answer practical questions:

  • What am I trying to create or sell?
  • What training or knowledge do I need?
  • What tools will help me do it properly?
  • Who can be part of my team?
  • How much time will I need to put in?
  • What result am I aiming for?

The Australian Government’s business.gov.au guidance explains that a business plan can help give direction, define objectives, map out goals and identify risks. That is a useful idea for students too, even if their first “business plan” is simple and practical. Read more about developing a business plan here.

When children learn to think this way, they are not just playing business. They are learning how ideas become action.

Business builder formula connected to student enterprise and business planning
A business system becomes stronger when training, tools, team and time work together.

Business Plan Ideas for Students: The Success Formula Explained

Here is how Sean Rasmussen’s formula can be explained in a way children and teenagers can understand.

Training

Training means learning what you need to know. That might mean attending a boot camp, joining a program, finding a mentor, watching someone with experience, asking questions, reading books or studying how a business system works.

For students, training might be as simple as learning how to make a product properly, how to speak to customers, how to calculate costs, or how to display a stall so people notice it.

Tools

Tools are the things that help the business work better. In some businesses, the tools might be websites, templates, software, equipment, signs, packaging or scripts. In a child’s enterprise, the tools might be jars, labels, an extractor, a notebook, a calculator, a table, a sign or a money tin.

Sean and David Wood both made the same point in different ways: use the tools that work. Don’t waste all your energy trying to reinvent everything from scratch.

Team

Team means the people who help the business work. In internet marketing, that might include virtual assistants, writers, marketers and technical people. In network marketing, it might include mentors, upline support and business partners.

For children, a team may be much simpler. It might be a grandparent with expertise, a parent who can supervise, a sibling who can help, a friend who can bottle honey, or someone willing to sell the product on consignment.

Time

Time means giving the business enough focused effort to get results.

Many businesses require a lot of effort in the beginning before the rewards appear. This is a very important lesson for children. They need to understand that success is not usually instant. They may need to practise, prepare, improve, sell, try again and keep going.

Results

Results are what come from the combination of training, tools, team and time. In a child’s enterprise, results might include profit, confidence, better communication, practical money lessons, self-belief or a stronger understanding of how business works.

When students can see the connection between effort and results, business becomes much easier to understand.

Teaching Entrepreneurship to Kids With Business Plan Ideas for Students

The business success formula can easily be taught to kids. Firstly, help them get started with an enterprise so they can learn from experience.

For example, our son Flynn learned a huge amount about beekeeping, harvesting and processing honey, bottling it, marketing it and selling it.

Flynn extracting honey as an example of business plan ideas for students
Flynn’s honey enterprise helped him learn how a business formula works in real life.
Flynn with his honey product as a student business idea
Flynn with his honey product after putting training, tools, team and time into action.

Next, teach children how they can make their business easier by using the right tools. In Flynn’s case, this meant borrowing the right extractor equipment and using expert advice from his Grandad. That saved him time and helped him do the job properly.

Then investigate ways of putting a team together to make the process less work and more profitable. Flynn used friends to help bottle the honey. He had people selling his honey on consignment, and he found people who could take his honey to market.

He was not doing all the work himself, and that is one of the important lessons inside this business plan idea for students: a business is stronger when the right people and tools are involved.

Business Plan Ideas for Students and Delayed Gratification

One of the biggest lessons children can learn from enterprise is delayed gratification.

Delayed gratification means putting in the hard yards now for a financial reward later. Once children see a result in their wallet or purse, they begin to understand the formula in a real way.

Flynn realised this through his honey business. He used his own money to buy honey and paid for what he needed to bottle and market it. He understood that he needed to make the business work if he wanted to get his money back with profit.

Once he experienced a result with his first batch of honey, he became much more focused and determined with his second batch. In fact, he invested twice the capital.

That is a powerful money lesson for kids. It teaches them that business involves risk, effort, patience and responsibility.

Three Reasons People Are Not Making Money

Sean Rasmussen also pointed out three reasons why people may not be making money in their chosen enterprise. He emphasised the importance of action, intention and value.

When students use the business success formula and are also clear on action, intention and value, they are much better set up to make progress in a business or enterprise project.

Action

Action is obvious, but it is often where people get stuck.

Take action straight away whenever an idea or opportunity presents itself. As soon as an idea appears, build upon it. Avoid killing the idea with too many “what ifs” before it has even had a chance to grow.

For children, this might mean making the first batch, creating the sign, asking the first customer, setting up the stall, writing down the costs or testing the idea with family and friends.

Intention

To illustrate the point about intention, Sean had us write on a small card what our intent was for the three days at boot camp, then carry the card with us in our pocket.

The idea was to think about our intent and hold it clearly without trying to force the answer or outcome. Amazingly, by the end of the three days, many of the answers to our intentions had appeared.

Intention can also be aligned with having a plan. For students, it might sound like:

  • I intend to sell ten jars of honey this weekend.
  • I intend to learn how to speak confidently to customers.
  • I intend to make enough profit to pay back my costs.
  • I intend to learn from this project, even if everything does not go perfectly.

Value

Sean referred to value as being connected to your highest values. He explained that your highest values dictate what you focus on.

So it is crucial to ensure that what you want — whether it is health, money, family, contribution, freedom or creativity — is high enough on your value list, otherwise it is unlikely to receive your best energy.

Our Money Mastery mentor, Paul Counsel, also helped us understand this distinction. For us, we struggled with putting business ahead of family as our highest value. Our kids have always been our highest value, and consequently they take up our time and energy.

So what we learned was that we needed to align business with our highest value of family. That is part of why this blog exists. Enterprise for Kids allows us to grow our own entrepreneurial mindset while also helping our children learn about business, money, confidence and opportunity.

Business Plan Ideas for Students Should Connect to Values

This is an important point for parents and teachers.

Business plan ideas for students should not only be about making money. They should also connect to what children value. A child who loves animals might enjoy a pet-sitting idea. A child who loves art might create portraits or handmade cards. A child who loves cooking might sell biscuits or preserves with family support. A child who loves nature might grow plants or make garden products.

When business connects to values, children are more likely to stay interested, take ownership and learn deeply from the experience.

That is the heart of teaching entrepreneurship to kids. We are not just teaching them to sell things. We are teaching them to think, plan, act, serve, learn and grow.

Flynn celebrating his business success after applying a business success formula
Flynn celebrating the results of his honey enterprise.

Key Takeaway: Business Plan Ideas for Students Can Start Simple

Key takeaway: Business plan ideas for students can begin with a simple formula: training, tools, team and time lead to results. When children apply this to real enterprise projects, they learn business planning, delayed gratification, action, intention, value and money lessons in a practical way.

Where to Next?

What business plan ideas for students have you tried with your children, class or family enterprise project? We would love to hear how young people are learning through real enterprise.