The road to success as an entrepreneur isn’t easy. Entrepreneurs would often describe it as the “road less traveled.” But if you’re an aspiring entrepreneur, here are the best advice from CEOs around ASEAN to help you get started.
Start with a dream and turn it into a vision
“Start with a dream. Learn how to dream. Because if you have a dream, you know that you are worth so much more and you know that there’s something better for you. And when you have a dream, turn it into a vision.”
Once you have that, do what it takes to make it a reality. Learn how to dream for yourself. The rest will take care of itself if you know,” shared Luis Arcangel, Chief Executive Officer of Montgomery Fitch + Associates (CBN-PH000000281).
Luis’ vision of having his own company emerged from a small young team consisting of his four former students who are fresh from college. Fast forward today, his company has now expanded to Brisbane, Sydney, and Melbourne, Australia.
Have a clear short-term and long-term goals
For Lun Borey, Chief Executive Officer of 3G Agent Co. (CBN-KH000000268) in Cambodia, having clear short-term and long-term goals can help maintain a sustainable business growth.
“Starting a company is one thing but maintaining a sustainable business growth, an entrepreneur must have a clear short-term and long-term goal, a know-how in performing the job, pure love in doing his job and great teams who care and take serious responsibilities on their tasks,” he shared.
“The business owner must be equipped with a strong personality and attitude to confront all issues and turn all problems into opportunities,”
Do what you are passionate about
“You need to be passionate about everything you do and to be yourself. You must have the enthusiasm to learn and keep learning and to enjoy working with people,” said Aung Myat Kyaw, CEO of Orchestra Travel & Tours with CBN-MM000000145. He started his own travel agency at 26
His love for traveling as he has been to many countries motivated him to start his travel company.
Failure is just temporary
Before setting up his consultancy business DW Associates (CBN-SG000000077), David Wee established several businesses in ASEAN but also failed several times. His businesses before DW Associates succumbed and left with little cash, large stock, huge overheads, and large running expenses.
Nevertheless, it did not stop him to pursue his dream to become an entrepreneur.
“To me being defeated is often a temporary position, living-up is what makes it permanent – one should always treat defeat as temporary. Success is not permanent and defeat is not final”, Wee said.
Build a strong team
“When you start up your own, you do not have any name so no (one will) trust. It was tough and requires the strong team and motivation to open doors. Our team has done their best to do the superb marketing to get recognized,” Kengo Kuronawa, CEO of Asia Plus Inc (CBN-VN00000092) in Vietnam that provides online marketing solutions.
You can’t do it on your own. You need a strong team who can help you grow the company.
Have a different mindset
“If you want to be in the top 1% of society, you have to have a different mindset. You have to be willing to do what other people are not willing to do.”
As an entrepreneur, you have to be crazy because if I was sane before, I could have just quit when we faced a lot of debts. I should just call it a day from that moment. But if we quit before, we would not have gotten this far,” CEO Luis Arcangel said.