TAIL OF AN ENTREPRENEUR

TAIL OF AN ENTREPRENEUR

LIKE many start-ups, it was the hobby that became much, much more.

Quitting his job as a partner at McInnes Wilson, colleagues thought Steven Perissinotto had gone a little mad.

It was a decision between law books or pet supplies as his family had ties in veterinary care.

“They all thought I was crazy,” laughs Perissinotto.

“It was more that the opportunity existed and I could see a lot more personal satisfaction in building a business from scratch.”

In 1996, eBay was launched, and in 1999 came Vet Shop Group.

“I’ve always been a bit of a computer geek and I thought ‘this is going to get real exciting’.

By 2007, the business had reached a level of intensity where it was impossible for Perissinotto to continue juggling his profession and his business.

“Having the analytical mind to work out how to complete a project, and work backwards from there, was immensely useful,” he says.

Experience in law has also come in handy when dealing with restrictions on trade .

“I spend a lot of my time working out the laws with international selling, so I spend a lot of my time working on cross-border trade. Laws for all countries are different so it can be time consuming.”

Self-motivation and time management had the potential to build or break the business.

“Now that I was an online retailer, if we didn’t start ourselves each day no one cared. That was a big difference for me.

“It’s terrifying. If things go wrong how do you feed your family? I work twice as hard as when I did when I was a lawyer.”

The industry is relatively niche, with only two or three strong competitors.

“We have a chief vet, another vet and some vet nursers," he says.

"We’re really passionate about customer service and animal health is at the basis of everything we do.”

Subscribe Now!
Four time-saving tips for automating your investment portfolio
Partner Content
In today's fast-paced investment landscape, time is a valuable commodity. Fortunately, w...
Etoro
Advertisement

Related Stories

Bonza fleet grounded until at least 8 May, most employees stood down

Bonza fleet grounded until at least 8 May, most employees stood down

Administrators for Bonza have confirmed the budget airline's fl...

Weaker consumer spending takes its toll on Bapcor as shares slump 29pc

Weaker consumer spending takes its toll on Bapcor as shares slump 29pc

A tough retail market looks set to impact second-half earnings for ...

Cobram Estate’s new $35m processing mill capitalising on global shortage of olive oil

Cobram Estate’s new $35m processing mill capitalising on global shortage of olive oil

Cobram Estate Olives (ASX: CBO) has officially opened its new $35 m...

Retail Food Group to settle Michel's Patisserie class action

Retail Food Group to settle Michel's Patisserie class action

Gold Coast-headquartered Retail Food Group (ASX: RFG) has agreed to...