20 year-old is CEO of million dollar company
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Poly students with an eye for business
SINGAPORE - Budding entrepreneurs can pick up nuggets of wisdom from local success story Kenny Yap, 47, the executive chairman and group chief executive of Qian Hu Corporation Limited.
Mr Yap started his business at the age of 25 and today, Qian Hu is the only ornamental fish service provider which is a public-listed company on the Singapore Exchange.
Here are Mr Yap's tips for school-leavers and young entrepreneurs:
Experience
A tertiary education can give you a foundation, but you need to build up your experience by learning on the job.
Wisdom
Experience comes from making mistakes, but the ultimate aim is to become wiser. Without wisdom, you will continue to make the same mistakes.
Passion
Do the things you really like, which can create value or have a positive impact on others. Automatically, you will have work-life balance because you enjoy working.
Motivation
Money should never be the goal. There are jobs which will pay more than what you may earn as an entrepreneur.
But true entrepreneurs want the freedom of creating their own rules.
You must want to be an entrepreneur so badly that you feel you will die with regrets if you don't.
Responsibility
You must be able to create something out of nothing from limited means.
You must enjoy being responsible for the lives of your employees who depend on you.
Right attitude and perspective
Understand that failure is necessary. You must dare to take risks and bounce back from setbacks.
Despite failure, you must try again. Be sincere and earn the trust of clients by your actions.
Forget your ego
Confidence comes from within.
People who care too much about losing face will be afraid of failure.
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trading in fish isnt the way to go ,,,eww.its like a farmer trade thing.
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i wonder what happen if he end up as a goldfish and someone sold him.....ewwww.
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confidence comes from within. i agree its true, ut its just saying only. i have seen some one so confident in talking. but all he tok is cock rot 1. listen carefully and when you hear too much of his coc stories, like his closer department colleagues, all sound like same old crap.
yep every 1 thousand people tehre will be a few successful, and many fail. if its not tom will be dicks harry. wait till he fail then see. if ego is the point, they willmake an exit stretegy
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Haters only hate. But I guess that is human nature eh.
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Everybody wants to be rich.
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I wanna be rich .............. O o O .............
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This is not right. I remember Qian Hu is a family business. He take over from his father.
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I think when he took over, it was just a small business.
Then he expanded it.
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the Kenny Yap become the ceo of the family business
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i think selling weekly options is the way to go.. ;) if you do it carefully, it can be quite a good source of income.. ;)
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