Entrepreneurship

Entrepreneurship is a skill, not a job title

Entrepreneurship is a skill, not a job title

When I was younger, most of my friends including myself aspired to be doctors, lawyers and teachers when we grow up. Those were the only professions we knew then so it made sense that’s what we wanted to be.

If you pose the same question to kids today, a lot of them would want to be entrepreneurs and be their own boss. They want to start businesses and change the world for the better.

Some would argue that entrepreneurs are different than small business owners. Both of them start businesses and companies but an entrepreneur disrupt industries and aims for exponential growth.

Paving the way for growth

Paving the way for growth

Urban planners know the importance of infrastructure and the role they play in the growth and development of a city. Transportation and telecommunications networks along with basic services like water and electricity are vital for cities.

Infrastructure is also an crucial component in the growth and scalability of companies. Apple is not only great at making products but also extremely good at getting them to their customers’ hand. It’s no easy feat to manufacture and deliver millions of iPhones to people around the world.

Competition is great but collaboration is better

Competition is great but collaboration is better

We live in a very competitive society. Businesses compete for market share while athletes train tirelessly to push the limit of human performance. Everywhere you look, there are winners, with a lot more losers behind them.

Since young, we are ingrained by the education system to compete with each other. The best will be rewarded with scholarships and endorsements while the rest will have to fight for what’s left. And if you can’t compete academically, well you can work on your competitive spirit in sports instead. 

Start with a niche, then build a network around it

Start with a niche, then build a network around it

If you are building a product, you will undoubtedly had to fight the temptation of adding more features with the risk of delaying it from being shipped on time. I know I had to and quite often, we tend to launch products with more features than we needed.

Logically, the more features our product offers, the more potential customers for it. But when you are launching something new, your biggest hurdle is in marketing and discoverability. 

Timing isn't everything

Timing isn't everything

I worked on my first startup idea many many years ago. Back then, I got tired of working at a software consulting firm and decided I wanted to try it out on my own. 

The desire to build a product and a business of my own was so strong that I even convinced my long time friend to quit his job and join me. 

Our first attempt as a 2-man team was to solve the age old of problem faced by every Malaysian. What to eat for lunch? This was way before Yelp and age of smartphones. 

Want to scale your company? Pay attention to your team structure

Want to scale your company? Pay attention to your team structure

If you are building a system, you’ll want it to be scalable. Ideally, it should be able to accommodate an increase in load with a proportional increase in resources. An example of this is the WhatsApp infrastructure which handles billions of messages every day.

If you are building a company, you’ll want it to be able to grow and scale up quickly as you add more headcount and resources. In theory, given more access to resources, a scalable business will be able to grow it’s revenue and profits proportionally.

Run your life like a startup

Run your life like a startup

Hierarchies, processes and protocols. These are just some of the things I’m allergic to in most companies and corporations. I understand why they exist but I prefer to work in an environment where you can focus on actual work rather than trying to work the system.

After a year at my first job as a programmer, I was offered a pay raise. In terms of percentage it was pretty high but my original pay was very low. So let’s just say I wasn’t overly excited about the whole thing.

I went to my manager to ask him what I need to do to earn more and I was disappointed by his answer. He said it depends whether there’s an opening for me to be promoted or if they land a big client. Both factors that’s completely out of my control.

If you want to grow your business, be a pirate! AARRR!

If you want to grow your business, be a pirate! AARRR!

The one question that every entrepreneur and business owner keep asking themselves, every single night before they go to bed is how do I grow my business?

You may want to increase your sales and revenue to improve the bottom-line. Or you may want to unlock the economies of scale by ramping up your production output.

Whatever the reason, you can only grow your business if you have a clear understanding on how it is performing right now. That means you have to track and measure all the different parts of your business. You simply can’t improve something you are not measuring.

There and back again

There and back again

This is an email written for my team to remind them of the values & principles that brought us to where we are now

It has been more than three years since we embarked on this unexpected journey together and for some reason, we tend to find ourselves back to similar situations again and again.

When John and I first join Mindvalley, we were tasked to build Omvana Online. Then soon after that, we started working on Elula while growing the team. And recently, we started a new quest to develop the greatest personal growth learning platform the world have ever seen.

Personally, I think we are amazingly lucky to have the trust of the company to be the go-to team to build the next big thing. All of us should be thankful for the opportunities given to us and we should never take it for granted.

Why I Love Carebears

Why I Love Carebears

I'll admit I may have seen more than 1 episode of Carebears when I was younger. I don't remember what it was about except that they are colourful bears with different icons on their tummy.

But I like Carebears. Not so much the cartoon but rather people who are caring and are willing to sacrifice themselves toward things that matter to them. If you ask me what type of people I would hire, I'll choose a Carebear any day, any time.