Medispec’s Teng Beng Lee -- From Fighter Pilot to Successful Business Exit

#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/ 

 

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