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Successful People talk about becoming their own BOSS, retiring RICH early and fulfilling their FULLEST POTENTIAL
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7 days ago
7 days ago
#ula #ecommerce #Internet #Indonesia
Ula's Nipun Mehra: Conquering Indonesia's Vast and Fast-Growing E-Commerce Market
Nipun Mehra, the Founder and CEO of Indonesia-based e-commerce firm Ula, came to entrepreneurship late in life, having first worked at
Sequoia Capital, Flipkart, Pine Labs, Amazon and Boston Consulting.
The delay didn't hurt though, with Ula now counting Jeff Bezos, Prosus Ventures, Tencent and B-Capital Group among its investors, hoping to capture a portion of the $300B+ retail market in the region.
This is his story and life- and business lessons.
(This interview was part of a collaboration with CGS-CIMB and Endeavor Malaysia as part of the 'Thought Inspire' Series, filmed at the Asia School of Business, a partnership between MIT Sloan School of Management and Bank Negara Malaysia.)
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CONTENTS
00:00:00 - Intro
00:00:53 - Which Came First: Employment or Entrepreneurship?
00:03:22 - Get a Job First?
00:05:05 - When Was the Plunge Taken?
00:06:11 - Which Skills Were Most Valuable?
00:07:15 - What Do Blue-Chip Investors Like Sequioa Seek in Entrepreneurs?
00:12:49 - Does Academic Excellence Matter?
00:15:31 - Should Entrepreneurs Expand to Indonesia, ASEAN's Biggest Market?
00:18:24 - In New World Order, Should Entrepreneurs Pivot to Profit Instead?
00:22:08 - How To Choose A Market to Operate In?
00:28:46 - In Tech, Layoffs & Cost Cuts. Discuss.
00:31:19 - Have Valuations Suffered in the Current Market Conditions?
00:34:48 - Managing Investors When Valuations Fall
00:38:27 - Where to List? Asia or US?
00:42:36 - Why Did Jeff Bezos Invest in Ula (And In His Personal Capacity)
00:45:31 - Nipun's 60-Second Pitch to Amazon's Jeff Bezos
00:46:20 - What Does it Take to Succeed in Indonesia?
00:48:18 - How to Scale In Indonesia
00:49:26 - How to Develop Expectations Jointly With Investors
00:52:40 - What Are Tencent's Expectations?
FOLLOW NIPUN HERE:
LinkedIn: https://t.co/8lI1IVZcuf
Twitter: @nipunmehra
Endeavor: https://endeavorindonesia.org/nipun-mehra/
---
Follow Chuang here:
URL: http://www.domore.my/
LinkedIn: https://www.linkedin.com/in/hsu-chuang-khoo-ab199343/
FB: https://www.facebook.com/khoo.chuang/
IG: https://www.instagram.com/khoohsuchuang
..
Follow DoMore here:
WEBSITE: https://www.domore.my/
YOUTUBE: https://www.youtube.com/c/DoMoreTakeChargeofYourLife
ITUNES: https://apple.co/2lQ47mS
GOOGLE PLAY: https://bit.ly/3b1l8iO
SPOTIFY: https://tinyurl.com/y6zufvcp
PODBEAN: https://domoreasia.podbean.com/
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Wednesday Feb 15, 2023
Wednesday Feb 15, 2023
Richard Eu is the great-grandson of Eu Kwong Pai, who founded the traditional Chinese medicine (TCM) business Eu Yan Sang, which first began in Perak, Malaysia in 1879. He has been credited not only with keeping the 144-year-old brand relevant and thriving, but also for wresting back control of the business from Lum Chang in a series of buyouts, listing (and de-listing) the company on the SGX and steering the brand into the digital age.
Like most scions of multi-generational, successful family businesses, Richard rarely appears in the public eye. Which makes his views, in this rare appearance, of issues like breaking the three-generation family curse, IPOs, motivating wealthy children and having Temasek as a shareholder all the more valuable.
(This interview was part of a collaboration with CGS-CIMB and Endeavor Malaysia as part of the 'Thought Inspire' Series, filmed at the Asia School of Business (a partnership between MIT Sloan School of Management and Bank Negara Malaysia)
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Follow Richard and Eu Yan Sang here:
Wikipedia: https://en.wikipedia.org/wiki/Richard_Eu
Tatler: https://www.tatlerasia.com/people/richard-eu
LinkedIn: https://www.linkedin.com/company/euyansang
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Follow Chuang here:
URL: http://www.domore.my/
LinkedIn: https://www.linkedin.com/in/hsu-chuang-khoo-ab199343/
FB: https://www.facebook.com/khoo.chuang/
IG: https://www.instagram.com/khoohsuchuang
..
Follow DoMore here:
WEBSITE: https://www.domore.my/
YOUTUBE: https://www.youtube.com/c/DoMoreTakeChargeofYourLife
ITUNES: https://apple.co/2lQ47mS
GOOGLE PLAY: https://bit.ly/3b1l8iO
SPOTIFY: https://tinyurl.com/y6zufvcp
PODBEAN: https://domoreasia.podbean.com/
INSTAGRAM: https://www.instagram.com/domore.asia/
Friday Jan 27, 2023
Friday Jan 27, 2023
EP Plus’ Pang Tse Ming: Profitable, Innovative and Altruistic
Tse Ming is the founder and CEO of EP Plus, a healthcare and pharmaceutical company he founded to escape his humble beginnings.
Now profitable and exploring a regional expansion into three more countries on top of the existing three (Malaysia, Singapore and Indonesia), the company’s focus has shifted to also incorporate Innovation and Altruism
CONTENTS
00:18 - Kuala Pilah, Sports, Risk-Taking and Being a ‘Have-Not’
03:15 - Where the Hunger Came From
03:53 - How the Business Started
05:23 - Three Turbochargers
07:10 - Fertility is Dropping: Why?
08:48 - How Is Business?
10:50 - Healthcare: Always a Strong Business
12:57 - What Keeps You Awake at Night
14:31 - Benefits of Being a Private Business
15:14 - Keeping Staff Motivated: How?
16:09 - Will You Sell Any Shares?
16:43 - IPO? Private Equity?
17:41 - What’s the Company Culture?
19:30 - How to Build a Successful Business?
21:55 - Advice to the Young Businessman
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Follow Tse Ming Here:
URL: https://epplusgroup.com/master-marketeer/
LinkedIn: https://my.linkedin.com/in/tse-ming-pang-9b114b38
..
Follow Chuang here:
LinkedIn: https://www.linkedin.com/in/hsu-chuang-khoo-ab199343/
FB: https://www.facebook.com/khoo.chuang/
IG: www.instagram.com/khoohsuchuang
---
Follow DoMore here:
WEBSITE: https://www.domore.my/
YOUTUBE: https://www.youtube.com/c/DoMoreTakeChargeofYourLife
ITUNES: https://apple.co/2lQ47mS
GOOGLE PLAY: https://bit.ly/3b1l8iO
SPOTIFY: https://tinyurl.com/y6zufvcp
PODBEAN: https://domoreasia.podbean.com/
INSTAGRAM: https://www.instagram.com/domore.asia/
Thursday Jan 12, 2023
Thursday Jan 12, 2023
#healthcare #pharmaceuticals #business
Medispec's Teng Beng Lee -- From Fighter Pilot to Successful Business Exit
From humble beginnings in Penang, Malaysia, to wanting to become a fighter pilot in the SIngapore army and then into business having obtained his first product from Thailand, determination marked Teng Beng Lee's success in business.
(Vistage Malaysia engaged Do More to conduct this interview. Vistage is the world’s largest CEO coaching and peer advisory organisation for small and midsize business leaders, with over 27,000 members worldwide.)
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CONTENTS:
00:00:51 - Hitchhiking to Singapore to Become a Fighter Pilot
00:03:10 - A Sister's Help to Starting in Business
00:03:58 - No Such Thing as Failure
00:04:26 - The Power of Passion
00:05:34 - How Beng Lee Secured his First Medical Product .. at the Expense of Sime Darby
00:08:21 - Growth .. How?
00:09:00 - Business Principles to Live By?
00:09:42 - Healthcare: Recession-Proof
00:10:05 - Why Only Asian Generic Drugs?
00:11:17 - Why Exit?
00:11:57 - Creating Value for an Exit: How?
00:12:55 - Fighting Complacency
00:14:12 - Why Become a Businessman?
00:15:00 - What It Takes to Succeed
00:15:28 - How to Stay Motivated
00:16:38 - Why Sell and Not Keep?
00:17:31 - The Process of Selling to Ekuinas
00:18:10 - Post-Retirement Plans?
00:18:57 - What's Most Important Now?
00:19:19 - Advice to His Children?
00:19:52 - Investing Advice?
Follow Beng Lee here:
IG: https://www.instagram.com/blteng/
Vistage: https://vistage.com.my/taking-charge/
Follow Chuang here:
URL: http://www.domore.my/
LinkedIn: https://www.linkedin.com/in/hsu-chuan...
FB: https://www.facebook.com/khoo.chuang/
IG: www.instagram.com/khoohsuchuang/
---
Follow DoMore here:
WEBSITE: https://www.domore.my/
YOUTUBE: https://www.youtube.com/c/DoMoreTakeC...
ITUNES: https://apple.co/2lQ47mS
GOOGLE PLAY: https://bit.ly/3b1l8iO
SPOTIFY: https://tinyurl.com/y6zufvcp
PODBEAN: https://domoreasia.podbean.com/
INSTAGRAM: https://www.instagram.com/domore.asia/
Friday Dec 16, 2022
Friday Dec 16, 2022
#success #diversity #technology
Google Cloud’s Sherie Ng and Capital A’s Aireen Omar: Let There Be Diversity!
Sherie Ng, Managing Director of Singapore & Malaysia, Google Cloud and Aireen Omar President of Ventures at Capital A (formerly known as AirAsia Group), talk about the gender gap in the tech industry and what can be done to redress the imbalance.
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CONTENTS:
00:01:18: Sherie’s Success Journey ..
00:04:22: Aireen’s Success Journey ..
00:05:57: Why Tony Fernandes Chose Aireen to Head Malaysia
00:08:25: Should Women Lean In More?
00:10:59: Can Leadership Begin at Home?
00:13:23: What Happens When Motherhood Beckons?
00:16:38: Answering The Big Question
00:20:25: What a Diverse Boardroom and Workplace Looks Like
00:24:24: Can Changing Values Drive Diversity?
00:28:27: How Female Management Can Drive Value
00:37:37: How Web3 Can Turbocharge Diversity
00:42:28: What Kind of People Will Succeed in the Jobs of the Future?
Follow Sherie here:
LinkedIn: https://www.linkedin.com/in/sherieng/?originalSubdomain=sg
Twitter: https://twitter.com/sherieng
Follow Aireen here:
LinkedIn: https://www.linkedin.com/in/aireenomar/?originalSubdomain=my
IG: https://www.instagram.com/aireenomar/?hl=en
Follow Chuang here:
URL: http://www.domore.my/
LinkedIn: https://www.linkedin.com/in/hsu-chuang-khoo-ab199343/
FB: https://www.facebook.com/khoo.chuang/
IG: instagram.com/khoohsuchuang/
---
Follow DoMore here:
WEBSITE: https://www.domore.my/
YOUTUBE: https://www.youtube.com/c/DoMoreTakeChargeofYourLife
ITUNES: https://apple.co/2lQ47mS
GOOGLE PLAY: https://bit.ly/3b1l8iO
SPOTIFY: https://tinyurl.com/y6zufvcp
PODBEAN: https://domoreasia.podbean.com/
INSTAGRAM: https://www.instagram.com/domore.asia/
Friday Dec 02, 2022
Friday Dec 02, 2022
#business #China #diversify
Ng Chong Lam of Ng Eng Kee & Sons: Diversify, Integrity, China!
Some lessons from a multi-generational business that has existed since the early 20th century.
The NEK Group’s founder, the late Ng Eng Kee, was born in Taiping, Perak, Malaysia in 1925, helping his father, the late Ng Chong Geng, to establish manufacturing and trading companies which specialised in rubber, palm oil and petrochemical products.
The move to China and other overseas markets began In the 1970s and continues until today with new businesses in real estate and manufacturing. Today, the NEK Group is a family office that invests in fintech, AI, semiconductors, HR engagement platforms, travel, jewellery and luxury goods all the way from seed to growth stage, including highly profitable late-stage companies.
NEK offers early stage companies equity capital, mentorship support and networking access to both the Southeast Asia region as well as China’s Greater Bay region.
(Vistage Malaysia engaged Do More to conduct this interview. Vistage is the world’s largest CEO coaching and peer advisory organisation for small and midsize business leaders, with over 27,000 members worldwide.)
CONTENTS:
01:06 - Diversify, Have Integrity, Do Good and Keep Cash
02:37 - Growth Industries?
04:01 - Private Business, External Shareholders
04:40 - Many Ways to Invest!
04:56 - Interesting Markets?
06:56 - What of the Malaysian Economy?
08:13 - Advice to the Entrepreneur
09:21 - Advice for a Successful China Expansion
14:19 - How China’s Business Methods Differ from America’s
17:13 - Communism and Hierarchies in China
18:26 - America’s Jealousy of China
19:52 - A China Partnership is Essential
20:54 - Four Success Tips
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Follow Chong Lam and the NEK Group here:
URL: https://www.nekgroup.com.my/about
LinkedIn: https://www.linkedin.com/in/chong-lam-ng-3b41ab1/
Vistage: https://vistage.com.my/better-boss/
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Follow Chuang here:
URL: http://www.domore.my/
LinkedIn: https://www.linkedin.com/in/hsu-chuang-khoo-ab199343/
FB: https://www.facebook.com/khoo.chuang/
IG: https://www.instagram.com/khoohsuchuang/
---
Follow DoMore here:
WEBSITE: https://www.domore.my/
YOUTUBE: https://www.youtube.com/c/DoMoreTakeChargeofYourLife
ITUNES: https://apple.co/2lQ47mS
GOOGLE PLAY: https://bit.ly/3b1l8iO
SPOTIFY: https://tinyurl.com/y6zufvcp
PODBEAN: https://domoreasia.podbean.com/
INSTAGRAM: https://www.instagram.com/domore.asia/
Saturday Nov 05, 2022
Saturday Nov 05, 2022
#entrepreneur #venturecapital #fundraise
Penjana’s Taufiq Iskandar and MRANTI’s Safuan Zairi: Capital, Policy are Music to Entrepreneurs
Thriving tech ecosystems need sufficient pools of capital and a vibrant policy framework to succeed. Safuan Zairi, Chief of Ecosystem Development at govt research & innovation commercialisation agency MRANTI and Taufiq Iskandar, CEO of the govt’s matching fund-of-funds firm Penjana Kapital, take us on a journey of Malaysia’s tech ecosystem and offer an honest view of where the country’s players need to improve to remain relevant in an uncertain future.
………
FOLLOW TAUFIQ HERE:
Penjana: https://www.penjanakapital.com.my/aboutus/team
LinkedIn: https://www.linkedin.com/in/taufiq-iskandar-088543a/
FOLLOW SAFUAN HERE:
Twitter: https://twitter.com/safuanzairi
LinkedIn: https://www.linkedin.com/in/safuan-zairi-bb562756/
MRANTI: https://mranti.my/about-us
………
CONTENTS:
00:00:00 - Intro
00:01:22 - A Cold Hard Look At Malaysia’s Tech Ecosystem: Ahead, On Par or Behind?
00:07:47 - So, Progress: Where and How?
00:11:40 - Are Venture Capitalists in Malaysia Too Risk-Averse?
00:21:28 - What Would Attract Capital from Andreesen Horowitz, KKR, Sequoia?
00:25:41 - Do Entrepreneurs Really Need to Think Big, Think Global?
00:27:09 - Why Is There So Little Risk-Taking Capital?
00:32:39 - What Is Malaysia’s Positioning WIthin ASEAN to Attract More Capital?
00:44:20 - What Happens When Companies Go Bust Due to Circumstances?
01:05:11 - Must You Be in a Sexy Sector to Attract Capital?
01:11:46 - Is Enough Being Done to Keep Legacy, Old Companies Relevant?
01:19:44 - How To Catalyse More Global Capital to Malaysia? What Mechanisms Exist?
01:22:09 - How To Use the Media to Build More Awareness?
01:28:30 - Is There a Listening Platform for Entrepreneurs to Talk to the Ecosystem?
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Follow Chuang here:
URL: http://www.domore.my/
LinkedIn: https://www.linkedin.com/in/hsu-chuang-khoo-ab199343/
FB: https://www.facebook.com/khoo.chuang/
IG: instagram.com/khoohsuchuang/
---
Follow DoMore here:
WEBSITE: https://www.domore.my/
YOUTUBE: https://www.youtube.com/c/DoMoreTakeChargeofYourLife
ITUNES: https://apple.co/2lQ47mS
GOOGLE PLAY: https://bit.ly/3b1l8iO
SPOTIFY: https://tinyurl.com/y6zufvcp
PODBEAN: https://domoreasia.podbean.com/
INSTAGRAM: https://www.instagram.com/domore.asia/
Saturday Oct 08, 2022
Saturday Oct 08, 2022
#semiconductor #manufacturing #automation
Amlex's Lim Say Soon - The Power of Perseverance
'Perseverance' and 'tenacity' best describes Lim Say Soon's business journey, as it has not always been plain sailing for the owner of this Penang-based electronics services company.
Find out from Say Soon what it takes to overcome the odds, with his early days being marked by extreme hardship and many uncertain nights.
(Vistage Malaysia engaged Do More to conduct this interview. Vistage is the world’s largest CEO coaching and peer advisory organisation for small and midsize business leaders, with over 27,000 members worldwide.)
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CONTENTS
00:00 - Intro
00:29 - The Amlex Journey
02:59 - Early Company Hardship
05:13 - Surviving Global Crisis
06:38 - LEAP Market Listing
07:51 - Staying Relevant in the Industry
09:35 - Handling Hyper Growth
10:24 - Talent Hiring Philosophy
11:11 - Always Hungry Moving Forward
13:00 - Enjoy the Process
14:14 - Succeeding in Business
15:27 - Perseverance in Entrepreneurship
16:39 - The Mindset Growing Amlex
17:39 - Future of Semiconductor Industry
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Follow Lim Say Soon here:
URL: https://www.amlextech.com/
LinkedIn: https://my.linkedin.com/in/nick-lim-say-peng-420138154
---
Follow Chuang here:
URL: http://www.domore.my/
LinkedIn: https://www.linkedin.com/in/hsu-chuang-khoo-ab199343/
FB: https://www.facebook.com/khoo.chuang/
IG: instagram.com/khoohsuchuang/
---
Follow DoMore here:
WEBSITE: https://www.domore.my/
YOUTUBE: https://www.youtube.com/c/DoMoreTakeChargeofYourLife
ITUNES: https://apple.co/2lQ47mS
GOOGLE PLAY: https://bit.ly/3b1l8iO
SPOTIFY: https://tinyurl.com/y6zufvcp
PODBEAN: https://domoreasia.podbean.com/
INSTAGRAM: https://www.instagram.com/domore.asia/
Monday Sep 19, 2022
Monday Sep 19, 2022
#chocolate #cocoa #business
Guan Chong's Brandon Tay: Malaysia's Cocoa Magnate
At the age of 35, Brandon Tay took over the helm of Guan Chong, a cocoa processing company, following a split within the family business in 2000.
Today, the company's cocoa ingredients are exported to over 70 countries and its clientele include world-renowned confectionery manufacturers Mars, Hershey's and Lotte of South Korea.
Find out the business principles that enabled Brandon to build Guan Chong into the world's 4th-largest cocoa processing company and Malaysia's largest.
(Vistage Malaysia engaged Do More to conduct this interview. Vistage is the world’s largest CEO coaching and peer advisory organisation for small and midsize business leaders, with over 27,000 members worldwide.)
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00:00 - Intro
00:52 - Journey of Building a Nationwide Business
08:48 - The Value of a Business Community
10:40 - Consistency of Supply as a Business Principle
12:30 - Always Thinking Two Steps Ahead
15:45 - Importance of Taking Risks and Growing Fast
18:51 - Establishing the Right Key People
20:16 - Making it Big: 3 Pieces of Advice
23:03 - Can Hard Work Beat Luck?
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Follow Brandon and GCB here:
URL: https://www.gcbcocoa.com/home
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Follow Chuang here:
URL: http://www.domore.my/
LinkedIn: https://www.linkedin.com/in/hsu-chuang-khoo-ab199343/
FB: https: //www.facebook.com/khoo.chuang/
IG: instagram.com/khoohsuchuang/
---
Follow DoMore here:
WEBSITE: https://www.domore.my/
YOUTUBE: https://www.youtube.com/c/DoMoreTakeChargeofYourLife
ITUNES: https://apple.co/2lQ47mS
GOOGLE PLAY: https://bit.ly/3b1l8iO
SPOTIFY: https://tinyurl.com/y6zufvcp
PODBEAN: https://domoreasia.podbean.com/
INSTAGRAM: https://www.instagram.com/domore.asia/
Wednesday Aug 24, 2022
Wednesday Aug 24, 2022
#ecommerce #secondhand #retail
Carousell’s Gaurav Bhasin: Building ASEAN’s Amazon
Having headed Mudah as CEO, Gaurav Bhasin is now at Singapore-founded ecommerce unicorn Carousell Group as Chief Strategy Officer, helping to map out its growth trajectory in its eight markets in the region.
Founded in 2012, Carousell’s raison d’etre is to make ‘second hand the first choice’, via its own brands like Carousell, Cho Tot, Laku6, Mudah.my, OneKyat, Ox Street and Refash, backed by investors that include Telenor Group, Rakuten Ventures, Naver, STIC Investments and Sequoia Capital India.
In this episode, the latest under Do More’s collaboration with Endeavor Malaysia and CGS-CIMB, Gaurav gets candid about the challenges and valuable lessons learnt while growing one of ASEAN’s biggest ecommerce marketplaces.
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CONTENTS
00:01:16 - Steering The Ship - Why Second-Hand First?
00:03:34 - Navigating Ukraine War, Inflation, Market Crash, China Crisis
00:07:04 - What It Takes to be a Unicorn
00:08:48 - How To Build Without Money?
00:11:42 - How Was Mudah.My Monetised?
00:12:39 - How to Raise Money When Small and Unproven?
00:16:16 - Should Carousell Move to Singapore?
00:17:01 - Gaurav’s Failure as an Entrepreneur & The Importance of Being a Cockroach
00:19:27 - Hiring in a Talent-Thin Environment
00:21:50 - Gaurav’s Hiring Process
00:23:29 - Can You Hire From Abroad?
00:26:55 - What Kind of Diversity Counts?
00:28:48 - How to Build Culture in a Hyper Growth Environment
00:31:29 - Why Does Culture Matter?
00:33:39 - Transferring Culture to New Acquisitions
00:35:00 - Three Things to Consider When Making New Acquisitions
00:37:13 - Valuations: Do They Still Matter?
00:40:45 - How Do You Show 2nd-Hand Stuff is High Quality?
00:44:29 - Handling Investors When Business is Changing - Fast
00:46:48 - Path to Profit: the Elephant in the Room
00:48:09 - How Does ASEAN ECommerce Play Out?
00:50:08 - Should You Give Up Majority Ownership?
00:51:52 - Growing Sideways Can Be Cheaper
00:53:14 - Exit Strategies
00:54:00 - Three Words of Advice for Entrepreneurs in Scaling Mode
00:56:20 - How To Pick the Right Investments
00:56:35 - How to Build a Community on an Online Marketplace
00:57:40 - What’s a Successful Marketing Strategy?
00:59:16 - Would Gaurav Be an Entrepreneur Again? And What Would He Do?
00:59:51 - What Did Gaurav Do Wrong? What Makes a Good Co-Founder?
01:03:00 - What Data Works?
01:04:14 - How To Prepare For Recession?
Follow Gaurav here:
LinkedIn: https://bit.ly/3bYMifX
Mudah.my: https://www.mudah.my/
Carousell Group: https://press.carousell.com/carousell-group/
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Follow Chuang here:
URL: http://www.domore.my/
LinkedIn: https://www.linkedin.com/in/hsu-chuang-khoo-ab199343/
FB: https://www.facebook.com/khoo.chuang/
IG: https://www.instagram.com/khoohsuchuang/
---
Follow DoMore here:
WEBSITE: https://www.domore.my/
YOUTUBE: https://www.youtube.com/c/DoMoreTakeChargeofYourLife
ITUNES: https://apple.co/2lQ47mS
GOOGLE PLAY: https://bit.ly/3b1l8iO
SPOTIFY: https://tinyurl.com/y6zufvcp
PODBEAN: https://domoreasia.podbean.com/
INSTAGRAM: https://www.instagram.com/domore.asia/