Category Archives: Malaysia Company

Malaysia Company

CEOs of Malaysia’s Largest Banks Share Top 10 Changing Trends in Banking Industry for Business

CEO Roundtable: Leadership in a Changing Global and Regional Financial Landscape at the 18th Malaysian Banking SummitThoughts from a Gen Y in the Corporate World during the CEO Rountable, summarised in 10 key points.

Panelist:

–        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

CEOs of Top Banks Share 10 Changing Trends in Finance & Banking

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.

CEOs share Top Traits that they are Looking for in Talents
CEOs share Top Traits that they are Looking for in Talents

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.

10 Leadership lessons by CEO of Bursa Malaysia

In collaboration with Bursa Malaysia, members of the Young Corporate Malaysians were specially invited to a Buka Puasa with Dato Tajuddin Atan, CEO of Bursa Malaysia, on Wednesday the 16th of July 2014. Below are 10 Leadership lessons at the Bursa Listing Gallery.
1. Acquire and develop knowledge and skills in your chosen skills. Understand how systems, structures and standard operating procedures of work.

Lesson: once you have chosen specific field, practice what Malcom Gladwell popularized as the 10,000-hour rule. Spending enough time on a specific skill will get you somewhere.

2. Be the expert. Mediocre doesn’t make the cut to success. Regardless of colour creed and gender, you need to be the best.

Lesson: Robert Greene is his book entitled Mastery shared about how there are universal ingredients and traits in the part to mastery. A major part of it is becoming an expert in something.

3. There is no shortcut to success. In one organisation, how may CEOs can there be? there can only be one. You have to work hard.

Lesson: Dato’ Tajuddin was clear that he had to work hard and at time even slept at office to get a piece of work done. There is no shortcut and he was CEO of 5 organisations because of his grit and determination.
4. Analyse your circumstances and environment. He made a career decision to stay when he bosses left. This opened up opportunities for him.

Lesson: There is power in understanding your environment. During the good times when the market was up, a lot of people in the treasury team decide to venture on their own but Dato’ Tajuddin decided to stay on and it was one of the best career decisions he has made.
photo 4
5. Continue to reinvent yourself. Make calculated move and size the moment. “Download” – read books, meet people and learn!

Lesson: The Lean Start Up movement shared about the idea of pivot. You can apply to yourself and work on improving by learning and to see how to develop a better you.

6. Perseverance and single-minded focus in meeting your objective. Plan, execute and follow through. Don’t leave things to chance.

Lesson: As former Prime Minister of the United Kingdom, Winston Churchill once said, ‘Never, Never, Never Give Up.’ Success comes once you have that laser focus and execute on it. You can control where you are heading.

7. Pressure is part and parcel of the game. Learn to manage and deal with it. Learn to pick yourself up.

Lesson: Pressure allows you to work at peak performance. Dato’ Tajuddin shared about how competition leads to efficiency, He encourages the young working adults to leverage of pressure to get better at what they do.

8. Brain Power “70:30” to “30:70” (from structured vs unstructured). You start to use more brainpower as you climb the career ladder. So you think you are smart? Think again because everybody is smart!

Lesson: As you climb the ranks in the corporate ladder, you move from a technical person (from structured thinking) to a management person (to less structured thinking), don’t forget to remember that a transition like that is crucial lest you don’t grow in your career.

9. Mentoring and networking. Do it personally and professionally. Believe you me, it is exceedingly important.

Lesson: Connect with people, in this borderless platform you can connect with literally anyone with internet access. Here are Top 12 Star Entrepreneurs that You should Connect with for Business Success.

10. It’s all about timing. Opportunity presents itself, and when it does, think and use the skill sets that you have acquired to make a good decision.

Lesson: Opportunities knock a few times in your life, Dato’ Tajuddin received an opportunity to work in New York at 27 years old and he landed just in time for Black Monday (when stock markets around the world crashed) in 1987. That was a milestone in his life experiencing the ups and downs but he was glad to have taken up opportunities, which presented itself.

Dato’ Tajuddin summed it with the quote, “Cogito Ergo Sum” ~ René Descartes (I think therefore I am). Everyone is capable of being who they are, the key to success is to know where you want to head and set sail!

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.

Dino Media Captures 3 Million Online Users in Less than 1 Year of its Founding

Dino Media Publishing consist of a network of news portals and social media channels, serving 3 million people monthly with news about entertainment, lifestyle, humor, viral news, and all things trendy. NextUpAsia.com chats with one of the founding members of one of the fastest growing startups in Asia about the Art of Building a company to serve millions of content hungry consumers online.

Getting to know about The Start-Up

  • 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?

We are iteratively building multiple digital assets in the digital space but the ones that we are really pushing hard are our English news portal – Coffeeticks and Chinese news portal -Tantannews. Tantannews has been around for only 6 months but we are averaging about 900k visits per month. Coffeeticks, which we launched just a month ago, has hit 630k for its first month. Both of these sites publish content about lifestyle, entertainment, and humor.

Dino Media Publishing's Founding Team with NextUpAsia.com
Dino Media Publishing’s Founding Team with NextUpAsia.com

We also curate and publish viral news and all things trendy in the social web. Additionally, we also own multiple facebook pages which we have a team to engage great content with our communities.

 

  • 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 decided to go into the digital publishing business because we realized it will get even more expensive to rely on third-party distribution channels. We thought,  for the long run, it makes more sense for us to build our own distribution channels which can give us so many leverage to get brands on board to advetise as well as to launch our own projects

 

  • Where do you see your business growing into, for the next 5 to 10 years?

As a team, we asipire to become the leading global player in digital publishing within the next 5-10 years. That would mean a lot for our company as well as for Malaysia, as this would be the epitome of our nation’s catchphrase “Malaysia Boleh” which means Malaysia can!

Fortunately for us, despite of our young entry in this industry, we are already in the global market. Our news portals have each been visited by audience from at least 180 countries, mainly – Singapore, Indonesia, United States, Canada, China, Taiwan, Hong Kong, and Phillipines.

Dino Media has captured over 3 million readers online just within less than a year of its founding
Dino Media has captured over 3 million readers online just within less than a year of its founding
  • What is your vision for the industry that you are in? Do you see a trend coming up that your business can capitalize?

As more content are screaming for attention on the Internet, we forsee there’s a need for quality storytelling production. Because content needs to stand out to capture people’s attention among the sea of content. This will be one of key areas we will be working on to prepare for this trend.

### End of Part 2 ###

About Dino Media:

Dino Media Publishing consist of a network of news portals and social media channels, serving 3 million people monthly with news about entertainment, lifestyle, humor, viral news, and all things trendy.

About the Founders:

We are a group of young and capable team who are hustling to entertain the world with stories and news we find engaging. We strive to never stop innovating the way you read news and we hope we could ultimately build a news portal that would channel you with personalized news that really matter.

 

Foodpanda Expands to Ipoh and Melaka

 The largest food delivery service provider in Malaysia just expanded their “paw print” to Ipoh and Malacca. Previously the web portal only offered restaurants with their own delivery service to those cities – they have since started their own delivery service bringing with them their major restaurant chains.
With a soft launch last Friday, foodpanda has already received some very encouraging feedback from residents of Ipoh and Malacca. “We never thought they would be bringing food delivery to our quiet city of Ipoh” says Shawn Lim, a local Ipoh resident and new foodpanda customer. “I am pleasantly surprised and find this service very convenient – plus delivery is free!”
“We simply love food deliveries and are happy to see that we have a wider range of food items to order besides pizzas and fast food“says Mrs. Harper, an expatriate living in Melaka. She adds “Now, I can just order food for my kids while I am at work without worrying that they will be ordering fast food or having left over food from the fridge! This is a lifesaver. Foodpanda definitely makes modern parenthood much easier while juggling the demands of a full time job.“
“We are very happy to add Ipoh and Malacca to our list of cities that we provide delivery for – this is in line with our mission of making food delivery accessible to all Malaysians” says Claudio Abitante, MD foodpanda.my. “We see a huge untapped potential in these cities and we think customers would appreciate the choice of food they can now get delivered to them for free.” he adds.
Starting with big names such as Chatime, Kenny Rogers Roasters, Starbucks, Taang Shifu, A&W and Sakae Sushi, residents of Ipoh and Melaka can expect to see many other great restaurants including local favourites within the next few weeks. Delivery to Ipoh and Malacca is currently free. Delivery orders are taken via their website and mobile application on iOS and Google Play.
foodpanda.my currently operates in the Klang Valley, Penang, Ipoh, Melaka and Johor. They recently expanded their Johor Bahru area to include Johor Tebrau. foodpanda plans to make food delivery more accessible and convenient to as many busy Malaysians. They are looking to accomplish this within the next few months by further expanding in the Klang Valley and other major cities in Malaysia.

 

The JobStreet Way: What I learned from Mark Chang

I still remembered Mark Chang’s parting advice to me when I told him that I was leaving JobStreet to start my own company.

“Go (forth and) take risks.”

I liked that so much that I got a poster made and mounted on my wall here inside the HackerHub where I work.

mark-chang-poster

Hanson Toh (ex-Google, now running his own startup Service Clicks) came to visit HackerHub a few weeks ago. When he saw the poster, he laughed and remarked disbelievingly, “Mark said this? Really? Mark Chang?

True enough, ‘taking risks’ perhaps won’t be something that immediately comes to mind when Mark is mentioned in any casual conversation. Indeed, the people who know Mark would usually describe him as “practical“, “conservative“, “thrifty“, “humble” and “grounded“. “Taking risks“? Nah… not that much.

But I know otherwise.

For someone the Focus newspaper called “the most successful techno-entrepreneur ever to surface in Malaysia”, Mark Chang is a low-profiled man. This was by design; he never enjoyed basking in the limelight that much.

I had lunch with a couple of startup entrepreneurs last Saturday, and we talked about the JobStreet billion ringgit deal.

To quote someone at the meeting verbatim, “I’ve heard (Mark) speak at a JobStreet fair once. A typical Chinaman.  You won’t imagine him to be the kind who makes billion dollar exits. And I heard he’s a real penny pincher, too!” I didn’t bother with a response.

I know that he may not fit into the swashbuckling entrepreneur-hustler archetype which we commonly associate with billion dollar exits. But to call Mark Chang a pussy-footed country bumpkin who penny-pinched his way to a billion bucks is a travesty.

And there’s this other side of him that’s not immediately obvious to many people (especially those outside JobStreet) – and that is his enormous benevolence.

I know this because Mark (and one of his other partners in JobStreet, Suresh Thiru) have been the people most generous to my career.

After leaving JobStreet, I asked Mark to mentor me, and he agreed. Additionally, I took a side consulting gig which required me to go back to JobStreet one day a week. I also had a weekly one hour slots with him where I would update him and get his advice on things that mattered.

And through Mark, I have had many doors opened, numerous pitfalls sidestepped and some hard questions answered.

I have connected with people who probably wouldn’t take my calls if not for Mark’s referral. I stopped short making a deadly blunder that could have left my budding business dead in a pool of blood if not for his advice (more on this later). I learned from him how to deal with unlimited requests with limited resources – especially relevant to a startup where time and money are scarce.

I kept in contact with Mark for about two years after I left JobStreet. However, for most of last year I had been working around the clock on building GoodPlace.my (a startup in the online property vertical), and in the midst of the hustle and bustle I have somewhat let my mentor-mentee relationship with Mark lapse.

Foolish, I know.

Then in February the news broke about the JobStreet deal with Seek. When I heard it, I had little butterflies in my stomach. The deal was enormous at MYR1,730,000,000 (spelled out for effect) for a complete buyout, representing the biggest ever exit for a Malaysian dotcom startup.

During a gathering with tech entrepreneurs at the HackerHub, we discussed about what the deal means for local startups, and how we could emulate JobStreet’s success in our own businesses. The following is a summary of what I shared during the meeting.

Work Hard And Wait For The Rain.

Mark used to quip, “I know only of the ‘kerbau’ (buffalo) way, that is, to work hard and wait for the rain.”

Truth be told, for a long time I have disagreed with him (albeit quietly). Indeed, for much of the early part of my entrepreneurial career, I was rather opportunistic in my focus and and short-term in my thinking. Instead of working hard on one thing and then wait for the proverbial ‘rain’, I would instead “look for places where rain is plenty, and then get a buffalo to do the work” (an antithesis to Mark’s approach).

My approach was scatter-gun by design, and it worked well. I made money in the online lead generation business; in simple terms, I provide a steady stream of potential customers to businesses online for a fee. At one point I had some 150 websites spitting out dollar bills in all the “hot” consumer niches – weight loss, self improvement, dating, meditation – you name it. There was absolutely zero focus; I had fingers in every pie where there was money to be had.

In short, Mark’s “work hard on one thing and wait for the rain” concept absolutely played no part in my business plan. In full hustler mode, I had simply gone to places where money was being made by the minute, hand over fist.

Churn-and-burn was the name of the game, and as such, the business model was deliberately mercenarial. You see, I didn’t care how the sites looked as long as they did what they were supposed to do: to capture, warm up and then redirect traffic to my clients’ websites. The lead generations sites could look as hideous as a Geocities site in 1998; as long as they made me money, I didn’t give a hoot.

And then things changed.

The KLCC Condominiums Database (a precursor to GoodPlace.my) was a hobby project which got started when I was interning at a property agency (more on this later).

And as I have never expected it to be a instant moneymaker, I decided to follow Mark’s approach for a change. Just as an experiment, I had thought.

The KLCC Condominiums Database was a collection of reviews of upmarket apartments located in the KLCC enclave. Different from the usual cookie cutter stuff that one would find at the developer website or a property portal, I wanted to provide impartial reviews of the condominiums, exposing the properties for what they truly were – the good, the bad and the downright ugly.

The proverbial ‘kerbau‘ then went to work. I had meticulously researched each property (mostly online, and also by talking to tenants, agents and building managers), collating and cramming as much original information as possible into each review.

I spent a good few Saturday afternoons wandering in the KLCC area taking pictures of the condominiums (and getting chased by the overzealous security guards in the process). I laboured over the website’s user interface with my limited Photoshop skills, ensuring that every pixel was in its rightful place. Exploiting my meager PHP skills, I manage to code a simple aggregator which pulled listings from external classifieds sites.

Sticking to the ‘wait for the rain‘ philosophy, promotion was deliberately kept at a minimum. Traction was painfully slow but I waited patiently.

And as I waited, I wrote more reviews, took more pictures and wrote some posts at the property section at the Low Yat forums. I also reached out to other property bloggers, local and international.

Eventually, the ‘rain’ did come, and when it did, it poured.

Traffic was initially trickling in from Low Yat and the other blogs, but then the search engines decided to place my site on top of the search results page for the majority of the property names (even beating some of the more established property sites). As a result, I was receiving hundreds of targeted search traffic per day which would have cost me a bomb if I were to buy them by the click.

For the last few years demand had been lagging supply in the KLCC property market, and with my website driving the majority of buyer leads online, it was easy for me to pitch property agencies. I didn’t do much shopping around although in the end I did close a nice six figure deal with an agency which I liked.

I am following the same blueprint for GoodPlace.my, and I am happy to report that it’s working well so far. At the time of writing, the GoodPlace network (which includes all our sister websites) is already servicing some 32,000 home buyers and agents a month despite near zero effort in promotion and marketing. All the on-site metrics look good – engagement is high, feedback is consistently good and email open and click thru rates are reportedly above industry average.

Make a superior product, get the word out and then wait for opportunities to knock; it worked for JobStreet, and there’s no reason it won’t work for your startup.

Build A Kickass Team.

Suresh Thiru is the Chief Operating Officer of JobStreet, and I have known him as one of the hardest taskmasters in my entire career.

suresh-hackerhub

Suresh ran JobStreet’s engine room. With a team of handpicked people with strong operational background, getting things done efficiently was the order of the day. Indeed, the guiding mantra was “serve fast, fill all” (the “fill all” part referred to job vacancies).

The competitive spirit was feisty. Eric Sito, one of Suresh’s ablest managers told me during my on-boarding at JobStreet, “Mark decides which war to win. My job is to fight that war.” I had never told him this, but I had greatly admired his work ethic and fighting spirit.

Suresh’s “get the work done” focus was the perfect complement to Mark’s strategic vision and moral compass. And together with Albert Wong (engineering), and Greg Poarch (finance) the foursome made a formidable team.

Mark’s ability to assemble a strong team reflected on my current struggle to recruit A-players into my own business.

Admittedly, I have been doing a reluctant job at reaching out to people, and as a result, I could have grown more quickly with a good team in place but I didn’t. Suresh knew that this was my biggest bottleneck, and he gave me a good dose of arse-walloping over my piss-poor effort at recruitment. Upon further reflection, I have decided to put in more effort to build up a team for the rest of the year – in particular, good hackers and people with strong operational background.

I still routinely go back to JobStreet to meet Suresh because I know that he gives me the straight talk that I need to hear (and yes, I am a sucker for pain). This brings me to my next point.

Listen To Your Elders.

In any industry, there are inevitably people who have already done the things that you want to do. Get them to help you. Ask them what the typical mistakes are. They can save you from months or even years of chasing rabbits.

Before I started GoodPlace.my, I had thought of joining a company which is already running a property classifieds website to learn more about the business.

Mark asked me not to do it. “Things might get complicated later,” he said.

Suresh was absolutely livid about the idea. I had defended myself, “I need to learn more. I know nothing about this business. I have no idea what I want to do exactly, and I might not end up competing with them anyway. And besides, I think it’ll be really fun.

But Suresh wouldn’t have any of that. “Yes, I know, STEALING can be FUN. Don’t do it.

He then offered, “If you want to learn about the property business, why don’t you work for my friend instead?” He then asked Previndran Singhe to take me in as an intern, who eventually gave me my first break in this business after I have launched GoodPlace.my.

Later I had found out that the property classifieds company that I had wanted to join had a rather chequered history – they seemed to take a leaf out of the Cut Throat Corporate Playbook with a history of attacking  competitors through frivolous lawsuits and mass poaching of employees.

What if I had indeed joined that company and then quit in six months to start a property site? I might have gotten sued into oblivion, putting a premature end to my budding entrepreneurial career with a single knock-out knee in the groin.

Truth be told, heeding the advice from the elders in the game have saved my hide, many, many times.

In most situations startup entrepreneurs will never have the benefit of hindsight, and as such, the advice of the those who have been-there-and-done-that is worth the weight in gold. Seek out the elders in your industry and ask for guidance; they will save you from a lot of unnecessary grief.

The JobStreet Way At Startups

At the end of my presentation at HackerHub I was asked, “JobStreet was founded some 16 years ago. Will this still work today?”

I had absolutely no doubt in my mind that it would.

For me, the JobStreet Way is a disciplined, level headed approach to building startups into profitable (and ultimately defensible) businesses.

Note the emphasis on the phrase “level headed”. Conservative management of growth is key. As such, for startups going down the “grow-quick-and-then-sell-for-a-million-bucks” route this may not be relevant at all. But for a long-term business delivering solid value to the user then this is a good blueprint to follow.

Indeed, these are the principles that GoodPlace.my get stitched into its founding DNA.

Eight figure exits are awesome, but that won’t be GoodPlace.my’s raison d’etre. It wasn’t JobStreet’s. It’s hard for me to imagine Mark thinking some 16 years ago, “I’m starting this job site, and I’m gonna sell it for a billion bucks.” That would be rather out of character for him.

Knowing Mark, he would probably have thought, “We’ll deliver a good service that fulfills a need or solves a problem, and the society will then reward us.“

And that’s exactly what I am going to do with GoodPlace.my.

K.C. See – The Multi-Millionaire Entrepreneur’s Tips on Working Smart!


THE WORK SMART ENTREPRENEURS

Most of us realize that becoming a successful entrepreneur requires one to put in a lot of hard work into one’s idea, venture or business. Yet, we also realize that there are many who do that and still have not accomplished much. We begin to realize that to be successful as an entrepreneur takes more than just sheer hard work, diligence and dedication. Granted that these are important qualities but then we are also aware that there are many who worked very hard but never seem to make much progress. We also realize that the outstanding entrepreneurs and those who fail all have one thing in common; they all have only 24 hours a day. We can safely concluded that what they put their time to, determine their success.

Note: The Business Acceleration Workshop is giving out Complimentary Tickets!! Check it out at the end of the Article!

How to work smarter and not just harder?
1. KEEP FOCUS ON OBJECTIVE AND RESULTS. In whatever work you’re doing, two questions should always be kept in mind;
a) What is the objective?
b) What results do I want to get out of this?

2. CHALLENGE THE “OBVIOUS” AND BE CREATIVE. Challenge the “obvious” because nothing remains static for long. Circumstances change, so do the environment, the people and event the objectives. One should always test and challenge what appears to be obvious.

3. FOCUS ON WHAT COUNTS; THE 80-20 RULE. Some of you may be familiar with Pareto’s Principle that states, “80% of the value of a group of items is generally concentrated in only 20% of the items.” For instance, 80% of the sales of a business would probably come from 20% of the customers. In the case of phone calls, 80% of your calls would come from 20% of your callers.

Work Smart Entrepreneur

4. MANAGE YOUR TIME. There is a proliferation of books and seminars on time management and all of them have one principle in common. The principle is best expressed by Benjamin Franklin who said, “If you want to enjoy the greatest luxuries in life – of having enough time to rest, think things through, get things done and know that you have done them to the best of your ability – there is only one way: TAKE TIME TO THINK AND PLAN ACTIVITIES IN THE ORDER OF THEIR IMPORTANCE.

One should guide one’s daily life in terms of priorities. To this end, one should consider:
A) MAKING A DAILY LIST OF THINGS TO DO. The famous TO DO list is a well-known and proven tool, but it takes determination to make it work for you. And it will only work if the list is based on the priority of things to do.

B) STOP PROCRASTINATING. Procrastination is a common diseases, such as ulcers and heart diseases that are due to stress. The idea is to make every day in your life meaningful and not to waste it by procrastinating. There is no time to say you don’t have time. It’s just an excuse because it is a question of priority.

C) LEARN TO SAY NO. The smart entrepreneur knows how to say no. Steve Jobs famously says, “I am proud of what we don’t do as I am of what we do. Innovation comes from saying no to 1000 things to make sure we don’t get on the wrong track or try to do too much”

D) DELEGATE. The entrepreneur who tries to do everything himself is surely going to head towards a disaster. It will be the death of your effectiveness as an entrepreneur. You can’t hope to achieve results all by yourself. Learning to extend results from what you yourself can do to what you can control is smart entrepreneur’s key tool.

5. KNOW YOURSELF. This principle calls for you to:

  • Know yourself.
  • Know your strengths and weaknesses.
  • Know what you like.
  • Know what you want.
  • Set goals

Ultimately you should find a business that you love that utilizes your strengths. Confucius once said:“Find a job you love and you will never have to work for the rest of your life.” If you love what you do, you will do well in it. The smart entrepreneur is a happy entrepreneur; one knows what one loves and wants; one does what one loves and one does it with greater effectiveness and productivity. He/ she is working smart. Are you?

Introducing The Business Acceleration Workshop

The Business Acceleration Workshop is for both entrepreneurs-to-be and existing entrepreneurs who want a breakthrough in their business. Whether you are a SME, start-ups owners, ambitious executives or driven sales professionals in new ventures, growing companies, family businesses, or large corporations, this is for you!

The Business Acceleration Workshop‘s revolutionary new syllabus is designed to inspire and engage participants in the fundamental concepts of an entrepreneurial mindset and the unlimited Opportuni.ties that it can provide. Businesses are no longer bound by the walls of an office. You learn to identify, value and capture opportuni.ties, both online and offline in this digi.tal-enabled age. We look at proven success business strategies, marketing techniques, business models, brand positioning, system and technology where you can just take away to help start and power-up your business.

Come and be empowered to accomplish extraordinary things and new pathways to success. Let your eyes and heart be opened to new potentials and possibilities.

KC See

REGISTER NOW!!

This is a full-house program you do not want to miss. Success only belongs to people who take action. Don’t let anything hold you back from what you can achieve. We can help you.

For more information on The Business Acceleration Workshop,
CLICK HERE

KC See* K.C. See founded the Money Mastery Community with over 8,000 members from 22 countries; a community to support the pursuit of wealth and passion through education and mentorship. He coaches senior managers, entrepreneurs and business owners.

MOL Launches MOLPoints Online Game and Digital Goods Payment Platform in North America & Latin America

molMOL AccessPortal Sdn. Bhd. (MOL), Asia’s leading e-payment service provider and a subsidiary of MOL Global Pte. Ltd., announced today that the company has launched its MOLPoints online game and digital goods payment platform in the USA and Brazil in partnership with its Silicon Valley-based subsidiary Rixty, Inc. (Rixty).  MOLPoints will be distributed across Rixty’s distribution channels of over 140,000 stores in the US and Brazil. The launch was witnessed by the Prime Minister of Malaysia, Y.A.B. Dato’ Sri Mohd Najib Bin Tun Abdul Razak in his visit to the Silicon Valley.

MOL is one of Asia’s leading online payment service providers and handles over 60 million transactions with an annual payment volume of more than US$500 million. MOL’s proprietary MOLPoints micropayment system is one of the world’s leading digital goods and online game payment platforms, which helps collect payments for over 2,000 online games from over 300 game publishers including Facebook, Electronic Arts and Blizzard.

MOLIn October 2012, MOL announced that it had made a majority investment in Silicon Valley-based alternative payment platform provider Rixty, becoming the first Asian e-payment service provider to acquire a North American e-payments platform. Besides Rixty, MOL has also made investments into leading digital goods and online game payment platforms in markets such as Turkey, Vietnam and Indonesia in the past 12 months.

The launch of MOLPoints in the USA & Brazil marks the consolidation of Rixty into MOL’s global operations and will enable MOL’s suite of games to be distributed through Rixty’s distribution channels. This will allow local Malaysian content to tap into the huge digital goods market that is estimated to be worth US$19.2 billion worldwide.

MOL Global’s Group Chief Executive Officer, Ganesh Kumar Bangah, said the consolidation of Rixty into MOL’s global operations will allow MOL to expand into the huge North and South American markets while tapping into the best talent of Silicon Valley. Together, MOL and Rixty accord the importance of the Americas to online game publishers and are committed to further grow their presence in these markets by enabling global game publishers to monetize their online games and goods in this lucrative industry. Rixty presently has offices in San Francisco, California and São Paulo, Brazil. Rixty is also expanding into Canada and Mexico this Fall.

The launch event was held in conjunction with the Prime Minister of Malaysia’s Experiential Visit to Silicon Valley, organized by Multimedia Development Corporation (MDeC), to promote successful Malaysian companies that have achieved a global footprint. MDeC via MSC Malaysia has driven the development of the Malaysian ICT industry and has made significant strides toward increasing the economic impact and footprint of ICT in Malaysia. In terms of market penetration, the growth of MSC Malaysia companies has been rapidly accelerating over the past five years, thanks to the concerted effort by MDeC to drive the expansion of home grown companies into regional and global markets.

About MOL AccessPortal Sdn. Bhd.

MOL AccessPortal Sdn Bhd (MOL) is one of Asia’s leading payment service providers. MOL is an MSC Malaysia Status Company that operates and develops payment systems. MOL handles over 60 million transactions per year, with an annual payment volume of more than US$500 million. MOL leverages on a network of more than 680,000 payment collection points across more than 80 countries, with online links to over 88 banks in 10 countries worldwide. MOL was recognized as one of Asia Pacific’s fastest growing technology companies in the Deloitte Technology Fast 500 Asia Pacific Awards 2010. MOL is headquartered in Malaysia and has offices in 12 countries. For more information, please visit us at www.mol.com

About MOL Global Pte. Ltd.

MOL Global is one of Southeast Asia’s biggest internet companies and fully-owns both the payment service provider, MOL AccessPortal Sdn. Bhd. (MOL) and the social networking pioneer, Friendster Inc. (Friendster). Through its ownership of MOL and Friendster, MOL Global has one of the region’s largest end-to-end content, distribution and commerce networks. For more information on MOL Global, please visit us at www.molglobal.net

About Rixty

Rixty is an alternative payment system that lets domestic and international users spend cash and coins for online games, virtual worlds and all types of digital content. Consumers can pay without a credit card and without exposing confidential information by converting cash to Rixty value at 140,000 stores in the US and Brazil or nearly 500,000 locations worldwide. Online game and website publishers use Rixty to engage with and monetize a larger percentage of users. By providing cash-based consumers a safe and flexible way to pay online, Rixty helps these publishers increase sales, enable new business models and attract new customers. For information on how to add Rixty to your website, visit www.rixty.com/pubinfo

About Multimedia Development Corporation (MDeC), MSC Malaysia and Digital Malaysia

The Multimedia Development Corporation (MDeC) was incorporated in 1996 to strategically drive the Malaysian Government on legislation, policies and standards for ICT and multimedia operations as well as to oversee the development of the Malaysian Multimedia Super Corridor (now MSC Malaysia), the platform to nurture the growth of Malaysian Small and Medium Enterprises (SMEs) in the IT industry whilst attracting participation from global ICT companies to invest in and develop cutting edge digital and creative solutions in Malaysia.

In 2011, MDeC’s mandate was broadened by the Prime Minister to include driving Malaysia’s transition towards a developed digital economy by 2020 through Digital Malaysia. In 2012, Digital Malaysia was official unveiled as the national transformation programme to achieve this aim. Founded on three strategic thrusts, Digital Malaysia will create an ecosystem that promotes the pervasive use of ICT in all aspects of the economy, connect communities globally and enable them to interact in real time, to increase the country’s Gross National Income, enhance business productivity and improve standards of living. For more information, please visit www.mdec.my ,www.mscmalaysia.my and www.digitalmalaysia.my


To also find out our early news about Mol/ Friendster from NextUpAsia.com: 
http://www.nextupasia.com/friendster-sets-to-reach-10-million-years-by-the-end-of-2012/