Joel Neoh, the Award Winning Entrepreneur & the GROUPON Head of Asia Pacific wrote a note on his reflected Lessons! “Top 24 Entrepreneurial Lessons that he has learned in 2014”!
#1: It’s not important where you come from, but where you’re going.
#2: Not who you are, but what you do that defines you.
#3: People will always say “you can’t”. You just smile and say “watch me”.
#4: People that Joel Neoh most enjoy working with: dream big + get shit done + know how to have fun.
#5: Instead of limiting our challenges, challenge our limits.
#6: The most dangerous poison against further success is the prolonged feeling of achievement. The antidote is to reflect and think, every night, what can be done better tomorrow.
#7: Simplified summary on investing. There are only 4 things that really count when making an investment: 1) A business you understand 2) Favorable long term economics 3) Able and trustworthy management 4) Sensible valuation That’s investment, everything else is speculation.
#8: Be a genius. Talent hits a target no one else can hit, genius hits a target no one else can see.
#9: 10 habits of the most successful people in the world: Set goals, focus, value time, spend less, work hard, continue learning, group with like-minded, persistent, calculated risk, generosity.
#10: Success is achieved from striving for perfection. Happiness is achieved from embracing the imperfections.
#11: Do the hardest things first. Eat a live frog first thing in the morning and nothing worse will happen to you the rest of the day.
#12: When writing the story of your life, don’t let anyone else hold the pen.
#13: We may not achieve everything we dream, but we will not achieve anything unless we dream.
#14: No one looks back on their life and remember the nights they got plenty of sleep. #workhard #partyhard
#15: Success comes from having the heart to dream big and the fortitude to see it through.
#16: Two kinds of company cultures in this world: cultures where what you do matters, and cultures where all that matters is who you are. Accept only the former, the latter sucks.
#17: WHAT is right is always more important than WHO is right. Outcome not ego.
#18: It’s not where you take things from – it’s where you take them to. Nothing is original. Steal from anywhere that resonates with inspiration or fuels your imagination. Select only things to steal that speak directly to your soul. If you do this, your work (and theft) will be authentic. Authenticity is invaluable; originality is non-existent.
#19: Management is doing things right, while Leadership is doing the right things. Doing the right things is more important than doing things right.
#20: Ambition fires up the strong and threatens the weak. We need to be more ambitious.
#21: Two types of people at work: 1) Can do. 2) Can’t do. Unless your profession needs you to be (2), no reason why you shouldn’t be (1).
#22: Rule #1: Have the courage to dream, and the guts to do it. Rule #2: If all else fails go back to Rule #1.
#23: The most valuable commodity in the world is information; the most valuable tool in the world is communication; the most valuable mental trait in the world is positivity.
#24: Focus on your customers. Serve your employees. Learn from your competitors.
CEO Roundtable: Leadership in a Changing Global and Regional Financial Landscape at the 18th Malaysian Banking Summit. Thoughts from a Gen Y in the Corporate World during the CEO Rountable, summarised in 10 key points.
– Mr. Ashok Ramamurthy, Group Managing Director, AmBank Group
– Mr. Goh Peng Ooi, Chairman, Silverlake Axis Ltd
– Datuk Abdul Farid Alias, President, Malayan Banking Berhad
– Mr. Osman Morad, CEO of Standard Chartered Bank Malaysia Berhad
– Mr. Sanjeev Nanavati, CEO Citibank Berhad
Moderated by: Tan Sri Ramon Navaratnam, Director, ASLI & former CEO, Bank Buruh
1. 30 million in Malaysia is not enough; we need to grow beyond that. As an entrepreneur, look at scalability, can we go beyond our shores of 30 million to reach a potential of 600 million across the ASEAN region?
2. Productivity is the name of the game. Always measure and benchmark. Passion, drive and grit is key but ensuring that you and your employees are productive is essential via benchmarking and as Dory says it in finding Nemo, ‘Just keep swimming.. Just keep swimming..’
3. A banker has to be a good juggler, keep everything in balance. Margins are shrinking, there is a chase for liquidity and sticky deposits which is at odds with growth and shift of power with the rising middle class. Leaders need to balance this.
4. In a CEO’s role lining up priorities, there is a restorative role in credibility and reputation. We have to create a set of values to create a corporate identity, known to the community.
5. Bankers are not great innovators but we are not too bad at cloning things. Sometimes, a good idea there is a good idea here.
6. Banking used to be a lifetime job, Gen Y now believes in doing what you are passionate about. People now jump jobs for small amounts of increment, so do customers. How do we respond to this?
7. Banking is really a business of human interactions. In fact, majority of businesses consist of a series of human interactions. Knowing this, it is important to learn to delight, motivate and lead.. humans.
8. Leadership is contextual: what makes a good leader at one point in time and place doesn’t make him a good leader elsewhere.
9. Problems but opportunities: There is rising prosperity, pervasive technology; an acute shortness was of talent but greater opportunity for banks to separate themselves.
10. The story of the frog in boiling water – our business is being chipped away by technology, a slow erosion we need to address. Transaction is now instantaneous, instant gratification. It used to be via branches but now there are various touch points for customers.
In conclusion, banks need to understand how to unlock the value within the area in which they operate.
### Special Guest Post ###
Jason Lee is an International Graduate, Standard Chartered Bank graduate programme. As a Gen Y in corporate world, he believes that there is an abundance of opportunities to be entrepreneurial wherever we operate. Connect with him @jasonleecj on Twitter.
The general consensus amongst society is that being born disabled is an affliction often associated with unhappiness, failure, dependency on others and helplessness. These young entrepreneurs have proven otherwise, inspiring lives through adversities.
People often look at those with disabilities and think to themselves, what misery they must be in. But is that always true? Are those who are afflicted with physical disabilities really less capable than the rest of so-called “normal” society?
Measuring society’s attitude and opinion toward the disabled is no easy task as these opinions are based upon social norms, attitudes, as well as a complex mix of misconceptions and stereotypes.
A survey done by the UK government in 2009 shows that 38% of people who were surveyed see the disabled as less productive than non-disabled people while 35% of people felt that the disabled took more from the economy than they contributed.
Such opinions are largely derived from the belief that the disabled require extensive care and looking after. While there is some truth to this, disabled who need round the clock care are neither the exception nor the rule.
Fast Cars & Celebrated Automotive Trading Entrepreneur
Melvin Tong was one of the many 17 year old candidates about to take the SPM (Sijil Pelajaran Malaysia) examinations when he started experiencing a sharp pain originating from the back of his knee.
“It started off with minor pain, like a sprain, and I guess you don’t really worry about it,” said Melvin, “By the time I actually went for my checkup in the hospital, I could already see a small lump the size of a peanut.”
It was later confirmed that Melvin had Fibrosarcoma.
Fibrosarcoma is a cancerous tumor that originates from connective tissue found at the ends of the bones of the arms or legs.
In the course of the next five weeks, 3 biopsies and several opinions from different oncologists later, the tumor grew to the size of a tennis ball and the decision to amputate was made.
By the time he was confronted with the decision, Melvin had grown weary of bouncing from doctor to doctor, the countless referrals and undergoing test after test. He willingly went under the knife in hopes that it would conclude the endless biopsies and regular visits to oncologists.
Melvin, 29 this year, has from then on devoted his life to his love of cars as well as his love of people, taking part in many philanthropic activities in his time including raising awareness for victims of child abuse. In 2010, he entered the Malaysian book of records as the first amputee to climb Mount Kinabalu.
He now owns Extreme Supercars, a thriving business importing, refurbishing, renting and selling luxury vehicles.
“My car business started back when I was 13 years old, shortly after I got my first computer, I made a website for the Need For Speed game,” said Melvin.
It was then that Melvin knew that he would never be able to work for anyone other than himself and made the decision to go into the luxury car business. Melvin says that it had never occurred to him to look for a job.
It was only a few years after college when he was introduced into the car industry, beginning his business selling smaller cars such as the Volkswagen Polo for small commission, comparing himself to a low-pay salesperson.
His business began by brokering the sale of foreign cars to local people, Melvin says that he began the business with no capital, slowly working his way up, building his business into what it is today.
“My disability didn’t stop me from taking my SPM or going to college, everyone knew who I was, but somehow, none of them became really close to me.”
He spoke of the barrier that existed between him and everyone else and said that sometimes it is easier for people to simply alienate someone like him.
The World Health Organization estimated that 10% of any population is disabled in some way. Translating this into Malaysian context, the number would come to 2.7million disabled people currently living in Malaysia.
In 2009, according to the social welfare department, the total number of disabled in Malaysia was 258, 918 with an average annual increase of 20,000 a year. These are only the ones who are registered.
Of that number, those who are capable of work amount to over 200,000, discounting those with cerebral palsy and those listed in the survey as “others”. A staggering amount of manpower.
Unfortunately, governments have not been able to take full advantage this and the disabled, along with their families, are often persecuted or looked upon as a burden to society.
A prime example of the contribution from disabled people is Zharif Affendi.
National Youth Icon and Beacon of Hope for Youths
Zharif is the proud owner of the Zharif initiative, a Malaysian creative communications company that specializes in corporate social relations consultancy. The company branches out into many fields including public relations and even having his own independent record label.
He also works for MTEM (Majlis Tindakan Ekonomi Malaysia), an NGO which facilitates and assists in the empowerment of the Malaysian economy.
Zharif was born without arms, and when asked what the exactly the ailment was that caused his birth without upper limbs, he nonchalantly replied that he didn’t know.
“There’s probably a name for it but I never looked it up, I never bothered to know what the reason was.”
Zharif had never required any form of special care, attending run of the mill government schools growing up.
In fact, when he was young, his mother registered him in a primary school that had rejected his application because the headmaster felt that they did not possess the facilities to accommodate a person of his condition.
The day before registration, 6 year old Zharif waited outside the headmaster’s office, asked to meet with him, and when he did, he asked the headmaster’s name, he spelled it, writing on his notebook with only his feet.
Today, he holds a law degree, bachelors of Arts degree and a bachelor of psychology degree. Even being an avid sportsman, listing his hobbies as skateboarding, football, ultra thrill running, scuba diving and taking part in swimathons.
These are only two prime examples of what a disabled person can contribute to Malaysian society. Melvin Tong, owner of one of the most renowned luxury car distributors in Malaysia, and Zharif Affendi, who works toward the growth of Malaysian economy in MTEM.
They are the model of what the disabled community in Malaysia has the potential to be. Sadly most are underestimated and aren’t given the opportunity to contribute.
But things have been changing recently with newly introduced government policies.
The government hopes that providing vocational and academic training to the disabled will sufficiently encourage them to find jobs. Congruent to this, the government has allocated 1% of all public sector jobs to those who are disabled.
And in 2008, the Department Of Social Welfare gives an incentive to the disabled who earn a monthly income of less than RM1200, as well as grants that do not exceed RM2, 700 to aid the disabled in the launching of their own businesses.
Alas, some of these policies are poorly implemented or not properly enforced by government authorities and are altogether ignored or unbeknownst by most.
In the year 2000, it was estimated that the disabled contribute USD1.68 billion to the Malaysian Gross Domestic Import (GDP), while studies conducted to estimate the total global annual loss of excluding the disabled from the economy to be somewhere between USD1.37 to USD1.94trillion.
According to these statistics, it is not the lack of ability that holds back the capabilities of the disabled, but a vicious cycle of poverty, charity and excessive amounts of sympathy that result in their continued reliance on society.
The equalization of opportunities for the disabled to be on par with those who aren’t is crucial to the Malaysian economy and the overall quality of life of persons with disabilities.
Those who are disabled are not necessarily impeded, but it is the inaction of irresponsible parties that truly deprives them from the achievement of their true potential.
Gen-Y College Students Speak Out on Inspiration
1. Melinna Loone
2. Nazreen Zainurin
3. Pang Yat Haw
4. Daniel Ibanez Lau
5. Justin Wong Zhe Xuan
6. Vigneshan Kumar
Thoughts from Student Interviewers: We are extremely grateful that we’re able to complete and execute this project on time and up to the standards of our lecturer and also our employer. The hardest part of this project is probably the video part, it was difficult to brainstorm any creative ideas to be put into our video as a documentary video is meant to be serious and if anything that goes against that vibe or would disrupt that atmosphere will need to be thrown out of the window.
It was an inspiring experience to listen to both such amazingly positive stories. Before this, we’ve always had this sympathetic or pitiful feeling towards physically disabled community but after this project, we’ve realized that they are even more positive about life than some of us are. Their determination and spirit to thrive in life has indeed made us reflect on ourselves.
### Article Ends ###
Credit Note: INTI College Subang students from the School of Mass Communication undertook a project by Founder Method to interview successful yet challenged individuals in Malaysia, who have had a lasting impact in society through their business and work. This was a collective effort done by the students, coupled with industry mentors from INTI College Subang and from Founder Method in the implementation of this project.
Rue-Hann Lim, the Co-Founder of www.healthworks.my. She is on a mission to inspire fellow Malaysians to make better choices for their health and wellness.
Getting to know about The Start-Up
1. Tell us more about Your Company – What have you built? What is your product or service to your customers? What is your track-record so far? HealthWorks.my is Malaysia’s online health hub. Our mission is to build the largest health community in Malaysia and inspire Malaysians to make better choices for their health, fitness & happiness. It will serve as Malaysia’s one-stop-health-hub for education, shopping and community. Driven by the purpose of providing localised health information and making healthy living easier for people, our approach is multi-fold: 1) Education through expert advice and interesting localised health content 2) eCommerce with health-related products & services 3) a thriving community of health enthusiasts. Ending our first month, we’re quite amazed that during the first 10 days after the launch of our website, we had over 10,000 unique visitors. This shows that Malaysians are indeed interested to know more about health.
2. Why did you decide to go into this business? Is it because it is a lucrative market? Is it a Blue Ocean which your talents and expertise through your business can provide? We couldn’t find a user friendly interesting health site that serves multiple purposes in Malaysia. For urban young people like us especially – we tend to neglect the importance of health when we’re busy with work and social life (not forgetting lying on our bed scrolling on social media networks). We’re busy people who want to know “what to do now”, “how to do it”, “where to get it”. On the other hand, we have great local healthcare professionals that are yearning to reach out to people too. With this gap not being filled, I see a need to provide an online one-stop health hub for younger Malaysians where they can find practical, enjoyable health information, purchase health-related products/services and get into action, and find suitable community to embrace this active healthy living lifestyle together! It’s that one place which empowers you to take action and live healthy.
4. Where do you see your business growing into, for the next 5 to 10 years? There are many opportunities in the area of Health. In the short term I see HealthWorks.my to become the first place Malaysians go whenever they want to find health information, buy health-related products, or connect to other health communities or services. In the longer term, I am looking forward to work with hospitals, clinics, beauty parlors, gyms, health insurance companies and various healthcare providers to streamline a person’s healthcare experience in Malaysia. It will be awesome if one day we can build a Health Village in Malaysia!
5. What is your vision for the industry that you are in? Do you see a trend coming up that your business can capitalize? There are two trends on the rise in Malaysia. One is the trend of going mobile (even baby boomers are on mobiles now!) Second is the increased consumer awareness for preventive healthcare which leads to the rise of self-directed consumers. Gone are the days where consumers wait for the doctor to give them answers. Now, we have more people using the internet to get health information to help them make a decision throughout their health journey. They consult the internet before and after visiting a healthcare professional. What they got from the internet, helps facilitate their discussion with healthcare professionals. I see an opportunity for us here in Malaysia to tap on technology and help the community to get what they are looking for. In simpler words, facilitate their journey of living a healthy active lifestyle.
So you’ve seen lots of buzz around making big bucks on selling and buying domains & websites, but there are still uncertain grounds on how we can really make that happen. Well, a quick and simple interview with Flippa reveals more.
1) Use Flippa to Quit Your Job and Be Your Own Boss
A common question we get at Flippa is ‘how to make money online?’ Well I’ve got some good news – it’s pretty easy! We’ve found a lot of people sell a website they’ve built but no longer have the time or passion to run. Don’t let it go to waste by passing it onto a new, energized owner and make some cash along the way. Buyers on Flippa are looking for online small businesses and websites they could grow, make money off and hopefully quit their job in the process.
Flippa is unique in that digital property bought and sold on our platform runs the gamut of pricing points. Someone might sell a website that is little more than an idea or concept for $200 one minute, the next a premium domain sells for $250,000.
2) How Buyers on Flippa Make Money
Buyers make money on Flippa in the following ways: they purchase an online small business, a passive income website or invest in a premium domain. The online small business is something we love as many buyers grow and expand these and it becomes their main source of income, by using services like Google Adsense, etc. Buyers who are looking for an online small business are from all walks of life, from college students to retirees.
The passive income is perfect for a buyer looking for some extra income. This could allow you to quit a second job, focus on your studies or pay for a great vacation.
Investing in a premium domain might not make you any money in the short run, as it grows in value you can sell it again to an interested party. The domain community is vibrant, exciting and always on the move.
3) How Sellers on Flippa Make Money
We often see two kinds of sellers on Flippa, people looking to make a sale quickly and people who have no idea they are sitting on a digital gold mine. The former is often someone fairly confident on the web, but they need money for a new project or something else. The latter is someone who may have lost interest in their website or online business. But instead of letting it go to waste, they can give it it a second lease on life by selling it on Flippa.
Sellers on Flippa can tap into a unique marketplace that’s not found anywhere else on the web. Sellers can use Flippa with confidence as our established marketplace system means we have an industry leading product. For example you can view buyers feedback and history on Flippa before accepting them as a bidder. This means you only deal with interested buyers and not tyre kickers and time wasters.
Flippa is such an exciting place, we love watching websites and business bought on Flippa grow on to be something great. Especially Enabling people to quit their job and be their own boss, or even just help people get some extra cash in their pocket. Now, go and see what’s selling on Flippa now to whet your appetite!
This article is contributed by Tim Cooke. A the digital marketer and content manager at Flippa. Tim has studied politics, journalism, Australian history and Indonesian at Monash University. Tim has a strong interest in Indonesia, Singapore and Malaysia. You can follow Tim on Twitter (@tim_cooke)
The end of 2013 is here and we are all busy setting new year resolution what we want to do better for 2014. Well, I personally have not done that in year because resolutions are just wishful thinking. I am sure you have done stuff like this year in an year out and achieve nothing. Learn from award winning magician, author and podcaster Brian Brushwood on what he calls the closest thing to real magic in real life, which is setting goals.
Here are some quick takeaway.
Write them down
Make sure they are quantifiable, meaning you can measure it
Set hard datelines
Make them visible to you everywhere.
A personal note: One good way to keep your goals is to have some financial stake on it. Use a site like Stikk.com to set goals, appoint a referee and place a wager on it. Stikk will put the money you wager on a the line to a negative charity if you fail your goals. That means a charity that you truly hate will benefit if you fail. Now that is motivation.