This guy is amazing. Although he is a high flyer in gov sector, he dares to give it all up to start his own business. It’s only a single failure. This guy has a bright future before him. I’ll love to meet this guy.
He said that one of the investor is demanding that they should open 10 new machines or outlets and they were running out of money. With that The mother of all their problems is that they are expanding even though their business is not yet really profitable.
Singapore hard to create any business. Trust me. SUPER HIGH manpower cost. Especially with the limit to employ cheaper foreign labour. Even after you succeed, you will hit a ceiling as the Singapore market is super small. Then as you go overseas, even harder because Singapore is surrounded by countries with lower cost capability, a technology that catching up, as well red tapes that you never have seen before such as the need to bribe. That's why you hardly can see any Singaporean become rich & successful enterponour. The environment is not there. The support is not there. You will have much more success overseas.
problem was the recurrent expenditure he insisted on pay day eve so much thats where he went wrong I think he can re do it better by allowing hawkers access to the booths and build a co-ownership of booths like giving lower rates upon delivery of foods from each kitchen with a space I think the angel investor was right on this one this idea may make him more millions if he stopped doing it alone and team up well with other companies and do deliveries on commission not hire the entire work load what he did he got addicted to the fast money
This guy is amazing. Although he is a high flyer in gov sector, he dares to give it all up to start his own business. It’s only a single failure. This guy has a bright future before him. I’ll love to meet this guy.
Yes, indeed...failure may not be end of life, there is so much more to go for. Khar Kiat, thanks for your sharing! Fighting!!!
I like what the SIL said.. money spent is for a real life MBA course
Truly inspiring, thanks for sharing your story Khar Kiat !
A winner is not he who has never failed but he who has failed and suceeded
He said that one of the investor is demanding that they should open 10 new machines or outlets and they were running out of money. With that The mother of all their problems is that they are expanding even though their business is not yet really profitable.
Yes
Love this so much
He wanted to scale so fast and that ruined what could be a potential game changer
Singapore hard to create any business. Trust me. SUPER HIGH manpower cost. Especially with the limit to employ cheaper foreign labour. Even after you succeed, you will hit a ceiling as the Singapore market is super small. Then as you go overseas, even harder because Singapore is surrounded by countries with lower cost capability, a technology that catching up, as well red tapes that you never have seen before such as the need to bribe. That's why you hardly can see any Singaporean become rich & successful enterponour. The environment is not there. The support is not there.
You will have much more success overseas.
problem was the recurrent expenditure he insisted on pay day eve so much thats where he went wrong I think he can re do it better by allowing hawkers access to the booths and build a co-ownership of booths like giving lower rates upon delivery of foods from each kitchen with a space I think the angel investor was right on this one this idea may make him more millions if he stopped doing it alone and team up well with other companies and do deliveries on commission not hire the entire work load what he did he got addicted to the fast money
this was so inspiring :')
the quote from Bezos, is not original from him. Just read a book or two next time.
elfacisco LOL. So true
Hi
Your gait is a little bad for your knees, heelstrike and pronation may be a concern.
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