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Shark Tank judge & RedBalloon founder Naomi Simson on life, business & taking risks

A conversation with Shark Tank judge & RedBalloon founder Naomi Simson, about her journey as a business owner in Australia over the past few decades, her insights on work and how she thinks through big decisions.

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Naomi Simson is an Australian business owner and leader whoā€™s seen it all.

From founding RedBalloon, an online marketplace for experiences in 2001, to being a judge on Shark Tank Australia, sheā€™s full of insights.

In todayā€™s conversation, Kate Campbell chats to Naomi about her journey as a business owner in Australia over the past few decades, its impact on her finances, her insights on work and how she thinks through big decisions. Enjoy!

šŸ“š Enjoyed this episode? You’ll love Kate’s book, Buying Happiness, which you can order on Booktopia or Amazon.

Some of the things we talked about in this conversation:

  • What are some interesting experiences youā€™ve had that have impacted your life, business and career in surprising/unexpected ways?
  • On your website, you have a list of the things you believe. Can you share a few of those and how theyā€™ve shaped your life?
  • Can you share the story of how you came up with the idea for RedBalloon and what inspired you to start your own business?
  • How did the entrepreneurial journey impact your personal finances on a holistic level? E.g. did you take less risk, have less money to invest, try and diversify away from your businessā€¦
  • I feel like thereā€™s a lot of focus on becoming a unicorn, raising lots of money and having a glamorous office but less focus on building a business that really serves your customers and adds value to your community. Do you think startups/VC/entrepreneurs are over-celebrated? How do you look at the value a business can add to the world?
  • Beyond the success of RedBalloon, what kind of legacy do you hope to leave in the business world? How do you measure the impact of your work?
  • What advice would you give to someone thinking about starting a business today who might not think theyā€™re ready/have enough money/have enough time etc.?

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