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BSP Ep.14 Christy NG | “Saya Jual Kasut Pasar Malam, Sekarang Masuk 3 Negara" — Transcript

by BuatSajaPodcast · 11,049 words · 1,932 segments · language en · Watch on YouTube

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  1. 0:16on the way.
  2. 0:26So, make sure
  3. 0:32YouTube
  4. 0:38platform.
  5. 1:10business on the way.
  6. 1:13[Music]
  7. 1:38Alhamdulillah.
  8. 1:44Yeah.
  9. 1:46[Music]
  10. 1:51is one of our branch
  11. 1:59few other branches
  12. 2:03we going to
  13. 2:07yeah that's
  14. 2:09Yeah.
  15. 2:17[Music]
  16. 2:24BRCA scholarship for our
  17. 2:44Yes.
  18. 2:46Okay.
  19. 2:50So basically
  20. 2:54excited.
  21. 2:58Why?
  22. 3:13[Music]
  23. 3:15So that's why I'm very excited to meet
  24. 3:17her in person today. Yeah. Do the honor.
  25. 3:21Yeah. Okay. Okay. Okay. I'm I'm glad the
  26. 3:24honor. Yes. Yes.
  27. 3:38Gradu science biotechnology
  28. 3:46Facebook page
  29. 4:02Hello.
  30. 4:04Wow.
  31. 4:09Global
  32. 4:12mindset.
  33. 4:24Hey,
  34. 4:25>> how are you? Say hi.
  35. 4:42FMCG brandack.
  36. 4:57Malaysian
  37. 5:00October
  38. 5:08out of home.
  39. 5:13>> Straight shooting
  40. 5:18marathon. Marathon
  41. 5:24collapse. young still standing.
  42. 5:29Okay.
  43. 5:36Thank you. Thank you. Thank you. Okay.
  44. 5:38So, let's jump to our Yes. The first
  45. 5:41segment.
  46. 5:41>> Yeah. First segment.
  47. 5:42>> Okay.
  48. 5:43So I believe uh
  49. 5:49so with your early childhood you
  50. 5:54>> okay
  51. 5:54>> so how was your your childhood childhood
  52. 5:58>> how was my childhood So
  53. 6:26very a lot of effort.
  54. 6:38So
  55. 6:39we are very come from a very modest very
  56. 6:42modest family.
  57. 6:47Yeah.
  58. 7:00Okay.
  59. 7:08So,
  60. 7:15yeah. So, I guess I have hunger.
  61. 7:20Uh, if I want more, I have to work for
  62. 7:22it.
  63. 7:24Um, money doesn't come easy and know you
  64. 7:27really appreciate things when you come
  65. 7:28from a very poor background.
  66. 7:38Oh yeah.
  67. 7:39>> Yeah. So you really
  68. 7:48electricity.
  69. 7:52electricity.
  70. 7:57My first laptop.
  71. 8:24Bully.
  72. 8:26So I bought parttime business to
  73. 8:28>> the university.
  74. 8:29>> The university. Yeah.
  75. 8:38[Music]
  76. 8:42Okay.
  77. 8:46starting
  78. 8:58and why Thailand
  79. 9:26Right. Okay.
  80. 9:41bag.
  81. 9:44Yeah.
  82. 10:12what I can afford back then. So I
  83. 10:14believe
  84. 10:40Ah, you take off your shoes, you give it
  85. 10:42to me, I pay you 50
  86. 10:47without realizing
  87. 10:52around there.
  88. 10:54be my first experience as an
  89. 10:55entrepreneur.
  90. 11:06But
  91. 11:22creative creative creative
  92. 11:32creative
  93. 11:38cans, plastic bag
  94. 11:48[Music]
  95. 11:51[Laughter]
  96. 11:56station. Okay.
  97. 12:01Station. So
  98. 12:05flowers.
  99. 12:29Okay. So
  100. 12:42the other case
  101. 12:50disclaimer
  102. 12:52So
  103. 12:57[Music]
  104. 13:04station
  105. 13:10approachity
  106. 13:13station.
  107. 13:29[Music]
  108. 13:32Yeah.
  109. 13:42The thing that I I
  110. 14:04Okay. Um
  111. 14:09[Music]
  112. 14:15Entrepreneurship not for everyone. This
  113. 14:18is a fact. Entrepreneurship is not for
  114. 14:20everyone.
  115. 14:22Why?
  116. 14:26Not everyone. It's not suited for
  117. 14:29everybody. So it really depends on
  118. 14:31yourself. You need to be self motivated
  119. 14:34you know to be an entrepreneur. And if
  120. 14:36you need someone to motivate you only
  121. 14:38you can be an entrepreneur then you're
  122. 14:40not an entrepreneur.
  123. 14:42>> Yeah. Makes sense.
  124. 14:43>> Yeah. And and I think there's nothing
  125. 14:45wrong. There's no
  126. 14:51professional. Yeah.
  127. 14:56is higher
  128. 14:58>> now a lot of professionals uh macham you
  129. 15:01know CEO or bank and stuff like that
  130. 15:03they get paid higher than most
  131. 15:05entrepreneurs
  132. 15:07>> yeah you can look at the annual report
  133. 15:08of all the listed companies you can see
  134. 15:10a CEO's pay is so high it's in the
  135. 15:12millions so there's nothing wrong you
  136. 15:14know studying hard being a professional
  137. 15:15or being a CEO of a large company you
  138. 15:18still get paid very very well yeah so
  139. 15:22not all Chinese to answer your question
  140. 15:23not all Chinese families will ask their
  141. 15:25kids to be entre entrepreneurs but in
  142. 15:26general um during my grandfather's time
  143. 15:28yes they love to do business
  144. 15:31>> it's in it's in the blood they love it
  145. 15:32they love to
  146. 15:33>> your grandfather what business you got
  147. 15:36>> yeah my grandfather is okay so my my my
  148. 15:39father is a pap
  149. 15:56straw.
  150. 15:59Okay.
  151. 16:07How about your study?
  152. 16:09[Music]
  153. 16:12Yeah.
  154. 16:29pharmaceutical
  155. 16:30>> scientist soales.
  156. 16:36Oh,
  157. 16:41hospital
  158. 16:47[Music]
  159. 17:04biotechnology. ology.
  160. 17:07Why biotechology?
  161. 17:15[Music]
  162. 17:20Form.
  163. 17:43Okay.
  164. 17:59Okay.
  165. 18:03Oh,
  166. 18:05[Music]
  167. 18:08so I
  168. 18:13mircet
  169. 18:26is not so strong right now. Depends on
  170. 18:28the counselor. Ah, so
  171. 18:36[Music]
  172. 18:41pharmaceutical. I bought sales
  173. 18:45specialists
  174. 18:51specialists.
  175. 18:54Yeah. So
  176. 19:05now
  177. 19:10make money 500%
  178. 19:24trading choose what to do.
  179. 19:29Yeah. Yeah. So,
  180. 19:36but then
  181. 19:38discover that product
  182. 19:40>> that niche that you focus on
  183. 19:48you.
  184. 19:51So now you mention about
  185. 20:02uh
  186. 20:03for your starting ground if you ask me
  187. 20:06whether I'll be an entrepreneur today.
  188. 20:15I mean uh so it's it's like um one thing
  189. 20:18led to another. So I started selling
  190. 20:20shoes in Okay.
  191. 20:23Shopper
  192. 20:39wholesale. Okay.
  193. 20:53University.
  194. 21:03Oh
  195. 21:07[Laughter]
  196. 21:10yeah. So
  197. 21:15for
  198. 21:19uh Saturday and Sunday
  199. 21:26weekend. Okay.
  200. 21:36flea
  201. 21:38market
  202. 21:43afternoon
  203. 21:49then
  204. 21:51>> how much can you generate in a weekend
  205. 21:54>> in one weekend?
  206. 21:55>> One day.
  207. 21:56>> One day.
  208. 21:57>> One day. 3,000. No problem.
  209. 22:00>> Wow.
  210. 22:03Yeah.
  211. 22:05[Music]
  212. 22:09Humble. Humble.
  213. 22:22Uh yeah,
  214. 22:25how to do
  215. 22:31how you manage your moneyes.
  216. 22:45[Laughter]
  217. 23:01So top line
  218. 23:19Um,
  219. 23:21flying colors.
  220. 23:30[Laughter]
  221. 23:44Sigil University
  222. 23:56[Music]
  223. 24:01for Indonesia.
  224. 24:05[Music]
  225. 24:12Indonesia.
  226. 24:15Congratulations. Yeah. Thank you. Thank
  227. 24:16you.
  228. 24:18Yes. Yes. Yes.
  229. 24:28Best of the best.
  230. 24:45Grow business.
  231. 25:05Okay. So
  232. 25:08you start.
  233. 25:14So how you expand the business? Uh we
  234. 25:17want to talk about expansion, business
  235. 25:20expansion.
  236. 25:20>> How is scale?
  237. 25:21>> Ah scale because I believe uh
  238. 25:24entrepreneur majority basically
  239. 25:36different skill set.
  240. 25:40Okay.
  241. 25:56successful
  242. 25:57other degree. Okay.
  243. 26:04Something technical.
  244. 26:06>> What do you mean by technical?
  245. 26:07>> Technical means it comes with skill set.
  246. 26:09Like example, accountancy, accounting,
  247. 26:12finance example
  248. 26:13>> or law, you know, skill set because
  249. 26:16you're going to use it in the business.
  250. 26:17You don't know what business you're
  251. 26:18going to do, but you need a skill.
  252. 26:20>> Agree.
  253. 26:21>> Yeah. you know the all these kind of
  254. 26:22degrees like professional degrees they
  255. 26:24are very valuable even if you study
  256. 26:26accountancy you do finance you and you
  257. 26:29don't become an accountant no problem
  258. 26:30you can use the skills you can apply it
  259. 26:32in your business I think it's a very
  260. 26:33versatile very strong foundation for for
  261. 26:36everyone
  262. 26:37>> better
  263. 26:37>> yeah need to do a technical degree
  264. 26:39that's better like for me uh
  265. 26:42biotechnology technical degree
  266. 26:45science Okay.
  267. 26:59What
  268. 27:01degree technical
  269. 27:04other knowledge? Okay.
  270. 27:25critical thinking.
  271. 27:26>> That's the key.
  272. 27:27>> I think any degree, any course which
  273. 27:29teaches you critical thinking is going
  274. 27:31to help you.
  275. 27:32>> Agree.
  276. 27:33>> Okay. Uh sidetrack a bit. I known many
  277. 27:36successful entrepreneurs who have no
  278. 27:38degree only SPM.
  279. 27:58So you it's the end of the world. I
  280. 28:01stand by my words on that. It doesn't if
  281. 28:04you don't have a degree, it's okay. It's
  282. 28:06not the end of the world. But if you are
  283. 28:08a student and your your your parents ask
  284. 28:10you go and study, please go and study.
  285. 28:13You get what I mean?
  286. 28:14>> Yeah.
  287. 28:14>> Yeah. I mean those people
  288. 28:35like it's one out of like one out of a
  289. 28:38few million only you meet someone like
  290. 28:39that the the if you want to increase
  291. 28:42your chances of being a successful
  292. 28:44entrepreneur you have the very good
  293. 28:46education foundation education is your
  294. 28:48foundation and knowledge is your
  295. 28:49foundation
  296. 28:54>> and I'll I'll elaborate more on that I I
  297. 28:56don't want to go off off topic. What was
  298. 28:57your question?
  299. 28:58>> My my question is you scale up. Oh,
  300. 29:01scale up. Scale up. So basically of
  301. 29:02course knowledge
  302. 29:05up
  303. 29:07then definitely
  304. 29:10how do you for your own case
  305. 29:14then?
  306. 29:17>> Yeah.
  307. 29:17>> Okay. So um I what I did was uh the time
  308. 29:21Facebook was getting very popular.
  309. 29:29around there. Yes. So what I did was I
  310. 29:31took a photograph of the shoes that I
  311. 29:33was I was selling and then I posted them
  312. 29:35on Facebook. Okay. So in between there's
  313. 29:38a lot of story. So I try to shorten it
  314. 29:40or not the podcast cannot end.
  315. 29:44So halfway through when I was selling in
  316. 29:45uh selling in the malam and everything.
  317. 29:48So
  318. 29:55yeah,
  319. 30:00so I stopped doing for a while because
  320. 30:02cannot make already.
  321. 30:06So then
  322. 30:10supply chain.
  323. 30:38brand new
  324. 30:51complicated.
  325. 30:52I underestimate the amount of uh thought
  326. 30:55and work needed to do it because my
  327. 30:58friend say mind you just do yourself
  328. 30:59like oh okay that's a good idea then I
  329. 31:02so
  330. 31:10okay good idea
  331. 31:12You designer
  332. 31:25Sakara
  333. 31:26Hospital
  334. 31:30then then um so I so I because I've
  335. 31:34known a lot of uh a lot of uh
  336. 31:35connections in the footwear industry. So
  337. 31:37I approached a few factories. is I gave
  338. 31:39them my designs.
  339. 31:40>> I just sketches and stuff like that,
  340. 31:42what I thought that would sell based on
  341. 31:44all the customer feedback that I got,
  342. 31:46you know, when I was selling in like
  343. 31:50customer feedback
  344. 31:58design and then I go and see the
  345. 32:01factory.
  346. 32:12day. Okay. Do factory. Okay. Fed up. I
  347. 32:15bought you then. So, so that was the
  348. 32:19start of my shoe label. I I did some
  349. 32:22sketches and then a factory helped me to
  350. 32:24make a small quantity and then I posted
  351. 32:26on Facebook. Facebook.
  352. 32:30injury. I upload Facebook. I post
  353. 32:35and uh put my phone number
  354. 32:38I mean
  355. 32:46[Music]
  356. 32:57COD cash on delivery
  357. 33:00center point. So I first
  358. 33:16total stranger. Okay, that was my first
  359. 33:19sale and um I said, "Wow." Then after
  360. 33:21every day, everyone keep calling me. Oh
  361. 33:23my god.
  362. 33:33I say after 8 p.m.
  363. 33:37Midnight
  364. 33:43all the stranger come my house at
  365. 33:44midnight.
  366. 33:53Oh the world is very different from last
  367. 33:55time and now. So,
  368. 34:08so
  369. 34:10[Music]
  370. 34:23service
  371. 34:41I see.
  372. 34:41>> Very old customer. Like very very loyal.
  373. 34:44Damn loyal. Yeah. A lot. A lot.
  374. 34:51So, oh, I miss your mom. How's Auntie
  375. 34:53Irene? Oh yeah. Last time we used my
  376. 34:56customers will come my house midnight my
  377. 34:58mom will cook and then we
  378. 35:04so that's that's essentially how I
  379. 35:06started and then after a while I felt it
  380. 35:08was really unsustainable and I had to
  381. 35:09find some way to scale it. So I got
  382. 35:12myself a very simple WordPress template
  383. 35:14and I installed a plug-in and I built my
  384. 35:16first e-commerce site using Blogspot.
  385. 35:19>> Blogspot.
  386. 35:20>> Yeah. That's a long time ago.
  387. 35:22>> Yeah. That was how I I I transitioned
  388. 35:24from you know um like a part-time manual
  389. 35:27to a website from using Bloxspot
  390. 35:30>> and you know we're very lucky to be uh
  391. 35:32doing business in this era because
  392. 35:33there's so many extremely good
  393. 35:35technology you know there's so many
  394. 35:37existing shopping carts which are
  395. 35:39amazing which you can just plug and play
  396. 35:42and you can go live you know in just
  397. 35:44matter of hours
  398. 35:46>> and during my era when I started there
  399. 35:47was no such thing was only blogspot and
  400. 35:49there was like OS commerce uh Then there
  401. 35:52was Magento as well and there was like
  402. 35:54>> Shopify started against you.
  403. 35:55>> Not yet.
  404. 35:56>> Not yet.
  405. 35:56>> Yeah. I I I Christie is on Shopify now.
  406. 35:59>> We transition into we replatform into
  407. 36:01Shopify in year 2020. Prior to that we
  408. 36:04were using um
  409. 36:07opensource
  410. 36:08>> open. Open cut.
  411. 36:10>> Open cut.
  412. 36:11>> Open cut. Okay. We're using open cut
  413. 36:12which is open source to build our our
  414. 36:14website.
  415. 36:16Prior to open cut we were using uh
  416. 36:19oscommerce
  417. 36:21>> and prior to oscommerce we were using
  418. 36:25what are we using? We use many different
  419. 36:27we replatform so many times
  420. 36:29>> but the the the most recent was to
  421. 36:31Shopify plus in 2020 and I think the
  422. 36:34right platform is really important and
  423. 36:36that's where we saw uh using the right
  424. 36:38tools in business is very important. um
  425. 36:45that's how you scale. I think to answer
  426. 36:47your question, scaling is very um it's
  427. 36:50all about using the right tools
  428. 36:52>> and about hiring the right people.
  429. 36:54>> So to to uh if you want to if you want
  430. 36:56to get from point A to point B like from
  431. 36:59this level of revenue to higher level of
  432. 37:00revenue, you will need to
  433. 37:04use the right tools. So I think why
  434. 37:05we're able to scale really really fast
  435. 37:09>> made a lot of good decision in the
  436. 37:10choice of technology that we pick
  437. 37:13>> and and we we have also been in
  438. 37:16situations where we worked with the
  439. 37:18wrong technology partner.
  440. 37:20>> Yeah. We terminate them because they do
  441. 37:24because the the issue with um when I
  442. 37:27started e-commerce it was pretty new and
  443. 37:29I I would say that we are one of the
  444. 37:30pioneers in in this segment and there
  445. 37:33are not many choices. So every and then
  446. 37:34it was all very expensive and and we we
  447. 37:37were the first first one of the very few
  448. 37:39who did
  449. 37:42uh no
  450. 37:44multi- channelannel uh multi-
  451. 37:46channelannel selling multi- channelannel
  452. 37:47and omni channel meaning like uh online
  453. 37:50to offline offline to online o to we and
  454. 37:53it was and being a like a sort of like a
  455. 37:57pioneer in that segment
  456. 37:59there were not many tools available so I
  457. 38:01had to customize we do lot of
  458. 38:03customization to our open cut and
  459. 38:05because you customize something
  460. 38:08there a lot of problems each time when
  461. 38:09we try to add in a new feature something
  462. 38:11will crack you know and when the tra
  463. 38:14something was will will something will
  464. 38:17break apart
  465. 38:18>> and uh and it came to also a point where
  466. 38:22our web traffic was so high that um and
  467. 38:26that time we were on dedicated servers
  468. 38:28we had like seven to eight dedicated
  469. 38:30servers for our website that's how long
  470. 38:32ago how how how
  471. 38:35ancient this was. Um and we hosted like
  472. 38:39we had dedicated servers in the data
  473. 38:40center you know we had went through that
  474. 38:42as well and uh and and that kind of uh
  475. 38:45server that kind of uh server
  476. 38:47infrastructure could not withstand the
  477. 38:50kind of traffic that we were getting
  478. 38:52>> and every time when we launch a new
  479. 38:53product our website will crash and crash
  480. 38:55and crash
  481. 38:56>> okay and most of the time because I'm
  482. 39:02focus
  483. 39:03technology
  484. 39:07>> out of my scope, out of my expertise. So
  485. 39:09for technology, go to the technology
  486. 39:11experts
  487. 39:12>> just only focus on what you're good in.
  488. 39:14So what am I? I'm I am a shoe and
  489. 39:16handbag company.
  490. 39:17>> We are a shoe and handbag retailer.
  491. 39:19>> Focus on that.
  492. 39:21>> Do not try to do other things. We even
  493. 39:23built our own website last time. We did
  494. 39:26some we did a shoe customization engine
  495. 39:28also before that. Yeah, a lot of
  496. 39:30technical
  497. 39:32a lot of technical issues
  498. 39:34>> because we are not we are not technology
  499. 39:36experts. So once I did my replatforming,
  500. 39:39my repplatforming and my website's
  501. 39:42traffic just sort to the uh you know
  502. 39:44every time when we launch the site
  503. 39:46doesn't crash. We make we make really
  504. 39:48really good sales
  505. 39:50>> just by having stability
  506. 39:52>> and then the technology keeps improving.
  507. 39:54Now we have like marketplaces like
  508. 39:55Shopee, Tik Tok, Lazada and all sorts
  509. 39:58right and we also sell on our website.
  510. 39:59We also have we have a few websites
  511. 40:04website. Uh we have a international
  512. 40:06site, we have a Indonesian website, we
  513. 40:08have a Filipino website, a Malaysian
  514. 40:10website. So all these inventories are
  515. 40:12being pulled from a warehouse and all
  516. 40:15the all the different marketplaces in
  517. 40:17every country, we're also pulling
  518. 40:18inventory from a warehouse. So how and
  519. 40:20then my stores in my stores are also
  520. 40:22pulling inventory from the same from
  521. 40:24somewhere, right? So what we managed to
  522. 40:26do is we manage apart from having
  523. 40:28individual store rooms at all our stores
  524. 40:30>> all these marketplaces and everything
  525. 40:32right uh we are connected to each other
  526. 40:35>> yes we all draw stocks real time
  527. 40:38simultaneously from the same warehouse
  528. 40:39to my stock overturn is very fast
  529. 40:43connected to the
  530. 40:45no by country each country we have our
  531. 40:47own warehouse we split by country so
  532. 40:50every country runs on the same model we
  533. 40:52have a central warehouse and then all
  534. 40:53the stocks get drawn from the warehouse
  535. 40:56uh for all the different market places
  536. 40:58or website.
  537. 41:04Uh Indonesia,
  538. 41:05>> Malaysia, Philippines.
  539. 41:06>> Okay.
  540. 41:10Whatever you have, you rolling.
  541. 41:13>> Okay.
  542. 41:24Okay.
  543. 41:29Uh
  544. 41:32is it viable? You need I think I think
  545. 41:34being self financing yourself in the
  546. 41:36early years I think is important to
  547. 41:39understand whether you actually have a
  548. 41:41workable model. It's like a proof of
  549. 41:43concept. That's why banks do not loan
  550. 41:44money to new companies below the age of
  551. 41:46three years. with three years you know
  552. 41:48in operations because they don't have
  553. 41:49the financial credibility or the
  554. 41:52financial track record um I would
  555. 41:54suggest first three years you roll okay
  556. 41:57to see that first
  557. 41:58>> three years
  558. 41:58>> yeah until you build a credit standing a
  559. 42:00good credit scoring then you go to the
  560. 42:02banks for money
  561. 42:03>> okay
  562. 42:03>> so if a bank doesn't loan you money you
  563. 42:05need to look at yourself that means
  564. 42:07there's a problem with your business
  565. 42:09>> yeah because money if a good business
  566. 42:13always banks will come and lend you
  567. 42:14money banks will come after businesses
  568. 42:18who always offering money to businesses
  569. 42:20who are doing
  570. 42:28capital bank you have to reook into your
  571. 42:31business that means you have a problem I
  572. 42:33know it's very harsh
  573. 42:34>> but it's a fact if you want to know
  574. 42:36what's the ultimate litmus is whether
  575. 42:38the banks will lend you money
  576. 42:40>> whether you're a bankable business
  577. 42:41>> so your brand now Chrissy did that uh
  578. 42:44you're going to do it
  579. 42:46First is from ruling.
  580. 42:50And number two is from banks.
  581. 42:51>> Yes. Loan loan.
  582. 42:54>> Then number three are any investor
  583. 42:56invest in your business?
  584. 42:58>> Uh no. Don't don't no investors.
  585. 43:00>> No investors.
  586. 43:01>> 100% from you.
  587. 43:02>> Yeah.
  588. 43:02>> Yeah. How about
  589. 43:08you know invest in your business?
  590. 43:13Equity is the most expensive thing that
  591. 43:15you will ever give out.
  592. 43:16>> Okay?
  593. 43:17>> Equity is something that you will regret
  594. 43:19one day.
  595. 43:20>> Okay? If people going to come just with
  596. 43:22money, forget it. Wasting time. Money
  597. 43:25everywhere can get. You can go to banks.
  598. 43:27If the banks don't lend you, it means
  599. 43:29there's something wrong with you. So,
  600. 43:31think about you not you should not be
  601. 43:33focusing on investors. You should be
  602. 43:35focusing on what's wrong with your
  603. 43:36business. Why isn't your business
  604. 43:38bankable? Why you can't get a loan?
  605. 43:40What's the reason? What's wrong with
  606. 43:41your business?
  607. 43:43You need to if you can't get money from
  608. 43:44bank then you you need to study yourself
  609. 43:46again. Okay.
  610. 43:47>> Okay.
  611. 43:48>> So you can't get money from bank then
  612. 43:49you run into desperation. Then you look
  613. 43:51for investors. I think you're going to
  614. 43:52kill yourself.
  615. 43:53>> Yeah.
  616. 43:56>> And then yeah it's a very expensive
  617. 43:57loan. Equity is also loan but with a
  618. 44:00extremely high interest.
  619. 44:02>> Extremely high interest.
  620. 44:04>> Extremely high. When they want to get
  621. 44:05out you have to buy them out at how at
  622. 44:07what price?
  623. 44:08>> You have to give them dividend. How
  624. 44:10about some equities come with like
  625. 44:11coupons you have to pay them. They have
  626. 44:13to report to them every month. You
  627. 44:15really have no time to get your business
  628. 44:16done properly. You have to report to
  629. 44:18them and they don't know what you're
  630. 44:20doing and they tell you what to do and
  631. 44:21it's all wrong and it's get getting you
  632. 44:23deeper into the into the whole, you
  633. 44:25know,
  634. 44:31these are these are facts. This is facts
  635. 44:33based on my personal view. Everyone has
  636. 44:35a different opinion,
  637. 44:37>> but I know what I'm saying.
  638. 44:39Unless it's a strategic investor
  639. 44:41expertise.
  640. 44:42>> Yeah.
  641. 44:51That is totally different.
  642. 44:53>> Yeah. Now you're talking about I have no
  643. 44:55funds, I go to investor.
  644. 44:57>> Okay.
  645. 44:57>> Yeah. If the investor comes in with
  646. 44:59distribution points or network or
  647. 45:02channels you know they come in with
  648. 45:03knowhow they bring value to the table or
  649. 45:06value maybe they help you with
  650. 45:07manufacturing or they help you with like
  651. 45:09you know opening new markets operation
  652. 45:12or whatever yes please take that money
  653. 45:14that's smart money but don't go for
  654. 45:16stupid money like just take from anyone
  655. 45:18and like random people who do not even
  656. 45:20understand the mark understand the the
  657. 45:22business and this going to give you
  658. 45:23headache
  659. 45:24>> so M you own 100%
  660. 45:27your business. How about Indonesia?
  661. 45:31Uh,
  662. 45:31>> joint venture.
  663. 45:33>> Joint venture.
  664. 45:34>> Okay. Okay, fair enough. Okay. So,
  665. 45:37[Music]
  666. 45:41uh, you scale up
  667. 45:45>> from government. Yes.
  668. 45:46>> Okay. Can you tell us a bit?
  669. 45:50>> Uh, first cradle CIP 500.
  670. 45:54>> CIP 500. Ah okay.
  671. 46:02Yeah
  672. 46:08business startology
  673. 46:14for my
  674. 46:16company
  675. 46:18shoes and handbag company.
  676. 46:23Yeah.
  677. 46:23>> So you to expand your business
  678. 46:26>> for marketing for for marketing. Yeah.
  679. 46:28For advertising. So the grant you have
  680. 46:30to look at the utilization the criteria.
  681. 46:31So some grants they allow you to like
  682. 46:33use the money for building website. Some
  683. 46:35grants they let you use the money for
  684. 46:37advertising. Some grants let use the
  685. 46:39money for different things. You have to
  686. 46:41look at the what is allowable
  687. 46:44>> and then from there you claim
  688. 46:46>> so your first grant is from cradle
  689. 46:51cop 2.0. 3.0
  690. 46:58digitalization
  691. 47:07replatform to Shopify. Okay.
  692. 47:11Total
  693. 47:12like
  694. 47:15500
  695. 47:18total
  696. 47:25So to our listener please
  697. 47:29more than 1 million why don't you
  698. 47:32>> and I think for uh for Bumira there are
  699. 47:34even more grants
  700. 47:36>> because I'm I'm I'm I don't qualify
  701. 47:38there's super there is uh a lot you you
  702. 47:42just Google grants in Malaysia so for
  703. 47:44Bumira there's even more grants a lot
  704. 47:48more you can get even more
  705. 47:51>> you already mentioned about people,
  706. 47:53>> the tools and people. So
  707. 48:01you
  708. 48:03in your company
  709. 48:05>> they must be able to do the job.
  710. 48:07>> Okay,
  711. 48:07>> that's the preference. No, no, there's
  712. 48:10no preference. That is the criteria. You
  713. 48:12if you can't do the job, then you they
  714. 48:14how can we hire them? Yeah, you need to
  715. 48:16make sure that they are able to execute.
  716. 48:23I did a hiring myself early stage. Yes.
  717. 48:25>> Until
  718. 48:29senior position
  719. 48:32senior position head of department.
  720. 48:38>> Okay. So
  721. 48:44you
  722. 48:48Okay. So once they Okay.
  723. 48:51>> The the problem I see in so many
  724. 48:52businesses is they don't even know what
  725. 48:56they're doing. They they don't even know
  726. 48:58how to interview people properly. They
  727. 49:01just interview like total talk but
  728. 49:02there's no like no there's no real
  729. 49:04proper checking. So for us what we do is
  730. 49:07we we have um first of all we will give
  731. 49:10you uh before we even call you for the
  732. 49:12interview
  733. 49:13you need to finish uh our pre-in
  734. 49:16assessments. Okay. For instance, if you
  735. 49:18want to become our let's say content
  736. 49:21creator, one example,
  737. 49:23>> okay,
  738. 49:23>> cuz this position everyone applying with
  739. 49:25us every day.
  740. 49:27>> Every day,
  741. 49:27>> every day I got few hundred resume. I
  742. 49:29really
  743. 49:30>> few hundred resume.
  744. 49:35So, okay, example content creator.
  745. 49:37Everyone send us their resume. So, the
  746. 49:39next thing we'll ask them to do is send
  747. 49:42us a 60 seconds video showing us telling
  748. 49:45us why you're suitable for this role.
  749. 49:48And so from a hundred people that apply
  750. 49:51for that post, when I ask them to send
  751. 49:52me a 60-second video telling me why
  752. 49:55you're suitable, I tell you only 10 will
  753. 49:57come back
  754. 49:58>> all not serious.
  755. 50:01>> Okay? And then
  756. 50:02>> after the 10, I see which one pass,
  757. 50:04which one which one not don't really
  758. 50:06pass.
  759. 50:07>> Then the one that I filter, I'll ask
  760. 50:09them for another video. I'll say, "Uh,
  761. 50:12show me your style of content. give me a
  762. 50:14sample of the content that you will do
  763. 50:15if I employ you. Uh then from the 10
  764. 50:19half will not come back already. Okay.
  765. 50:22Then the five that come back they send
  766. 50:23me. Then from there I evaluate who is uh
  767. 50:26up to the feel is up to the standard who
  768. 50:28understands content. Then we then we
  769. 50:30give them another test. We ask them
  770. 50:32write a script for me about a certain
  771. 50:34topic
  772. 50:36and then they have to write the script
  773. 50:37and send back to me.
  774. 50:39uh after that I want you to so we can
  775. 50:41test their content creation, their
  776. 50:42ideation, their script writing, whether
  777. 50:44they can edit the video, whether they
  778. 50:46can meet deadline from there. You don't
  779. 50:48even need to see the face. You just
  780. 50:50don't even need to read resume. You send
  781. 50:52the test. I don't even read resume now.
  782. 50:53You know, I just send test only.
  783. 50:55>> They don't even come back.
  784. 50:57>> Yeah. So that's how we filter. It's
  785. 50:59called, you know, how to filter a
  786. 51:00candidate. So after they pass all our
  787. 51:02test, then only we will call you for a
  788. 51:05face tof face interview.
  789. 51:07So our content head will interview first
  790. 51:09and then she will she will see like
  791. 51:11whether you are suitable or not uh if
  792. 51:14she think suitable uh then only I will
  793. 51:16interview example and then if I think I
  794. 51:19want to hire I will offer subject to
  795. 51:22clearance that means we will check all
  796. 51:24your past employers your whether real or
  797. 51:26fake because we've been given so many
  798. 51:29fake rums
  799. 51:30>> portfolio or fake we will actually call
  800. 51:32the clients in your portfolio and ask
  801. 51:34them whether real or fake you know we do
  802. 51:37that one and we also when you interview
  803. 51:39us you give us consent to run a credit
  804. 51:42scoring a criminal check whether you got
  805. 51:44any police case before
  806. 51:46>> uh whether you got any um e masalai or
  807. 51:49muscle lock up before we need to check
  808. 51:50for that also
  809. 51:52>> um we're also implementing health
  810. 51:54screening before we hire
  811. 51:56>> and then we also call all your ex bosses
  812. 51:59to ask them about you
  813. 52:02>> uh and if you pass all those tests
  814. 52:03you're hired full-time position with
  815. 52:06benefits
  816. 52:07Yeah. So that's how we hire. So hiring
  817. 52:10is a process. I don't know how other
  818. 52:12people hire when they start complaining.
  819. 52:13Of course, even with all this process,
  820. 52:16I'm able to filter a very good candidate
  821. 52:18out.
  822. 52:19>> But it doesn't mean that I'm right also.
  823. 52:21Maybe six months, we still have this
  824. 52:24kind of case. But very rare
  825. 52:26>> because we really take the trouble to
  826. 52:28filter. So that is HR. So to me that so
  827. 52:31every position like even every single
  828. 52:33position we will test them even for
  829. 52:34photo retoucher there's three rounds of
  830. 52:36test
  831. 52:37>> photo
  832. 52:38>> example photo retoucher means retouch
  833. 52:40photograph
  834. 52:41>> okay
  835. 52:44promoter
  836. 52:45>> okay that one is handled by uh a retail
  837. 52:48head I only handle the HQ the management
  838. 52:52>> for retail we they we'll call you for
  839. 52:54interview call your ex employer same
  840. 52:56thing
  841. 52:57>> okay if you're fresh graduate then we
  842. 52:58have no employee to call fine
  843. 53:00>> but we will still run the background
  844. 53:02check whether you pay your PTPDN loan
  845. 53:04whether you pay your credit card bills
  846. 53:06your handphone because we our business
  847. 53:08involves a lot of cash so we we cannot
  848. 53:10have someone who has a lot of debt
  849. 53:13>> I see okay
  850. 53:14>> and we'll be surprised what we find with
  851. 53:16like we run secrets on uh people if you
  852. 53:18want to work for us you need to consent
  853. 53:20us to do a sequence check so we know
  854. 53:23whether they you know didn't pay their
  855. 53:24phone bill blacklisted AKPK we know
  856. 53:26everything went before we hire
  857. 53:33just
  858. 53:38exactly.
  859. 53:48Best of the best.
  860. 53:57resume.
  861. 54:04Growing
  862. 54:23we pay for all these tests. Yeah.
  863. 54:26And then we you once and the most
  864. 54:28important thing call the ex employer.
  865. 54:30Don't call the number that's written on
  866. 54:32the resume. Don't that one is all
  867. 54:34friends one. Don't
  868. 54:36>> call the call the person that re call
  869. 54:38the right person. Call the call the
  870. 54:40person that hired the the direct report
  871. 54:42or call the business owner. They will
  872. 54:43know one
  873. 54:44>> and ask.
  874. 54:45>> So you you you ask the candidate up
  875. 54:49business owner of your number or you you
  876. 54:51t the person.
  877. 54:52>> No, we will find ourself.
  878. 54:53>> We won't get from you.
  879. 54:54>> Okay. Okay. That is HR. This is my
  880. 54:56definition.
  881. 54:57>> Everyone got different style of doing.
  882. 54:59This is my style.
  883. 55:01>> Uh
  884. 55:02>> yeah, I totally agree.
  885. 55:06You need to do pre-checking.
  886. 55:08>> Yeah. Background check.
  887. 55:09>> Background check.
  888. 55:10>> You know when when you want to apply,
  889. 55:11everybody wants to like everyone will
  890. 55:13apply for marketing in our company.
  891. 55:15>> I send me six months marketing plan.
  892. 55:18When the minute I hire you, what's the
  893. 55:19first what is the what are you going to
  894. 55:21do the next six months you're here? Give
  895. 55:23me a plan. your plan. Tell me what
  896. 55:26you're going to do differently. How you
  897. 55:27going to do things better?
  898. 55:30>> I need the I need you to tell me how. If
  899. 55:32you cannot put your idea down on paper
  900. 55:34or on PowerPoint to send to me, I don't
  901. 55:37think I should hire you because you that
  902. 55:39means you cannot think. You cannot
  903. 55:40you're unable to articulate your
  904. 55:42actions.
  905. 55:42>> Yeah.
  906. 55:43>> So with this way of so whoever that I
  907. 55:46hire, they may look like like bup like
  908. 55:49that, but they all can do it.
  909. 55:51>> That's why they hired.
  910. 55:52>> Okay. The current team is it? Yeah, they
  911. 55:54just act they just act they they act I
  912. 55:56mean they they are really really fun but
  913. 55:59they all can do we don't hire people who
  914. 56:01cannot work one everyone is really
  915. 56:03really good we have a solid team
  916. 56:06>> the job the job is like you know they
  917. 56:08just they're just being themselves
  918. 56:09they're just fun and happy doesn't they
  919. 56:11all can work everyone that's working for
  920. 56:13us are all really really good they're
  921. 56:15all the best of the best
  922. 56:17>> yeah honestly the work business for how
  923. 56:21many many years
  924. 56:26Is it that bad experience?
  925. 56:29>> Every every every every entrepreneur
  926. 56:31will go through the same set of issues.
  927. 56:33Staff issues, human resource issues.
  928. 56:35There's always going to be someone who's
  929. 56:37not happy with you. You can't please
  930. 56:38everybody, you know.
  931. 56:40>> Yeah.
  932. 56:44Malaysia
  933. 56:51recruitment because
  934. 56:55crucial
  935. 56:56I think I think they don't understand uh
  936. 56:58how to a lot of people don't understand
  937. 57:00how to hire correctly
  938. 57:02>> that's why they they their problem like
  939. 57:04endless coming like like nonstop
  940. 57:09hiring
  941. 57:13is it
  942. 57:20Okay.
  943. 57:27Retail FM.
  944. 57:32So what's your comment on that?
  945. 57:34>> I think um
  946. 57:37so far we have no okay we have a lot of
  947. 57:40resumes every single day but whether the
  948. 57:42candidate is good or not different
  949. 57:44story. We need to filter um
  950. 57:49retail.
  951. 57:55>> So that's where you need to work on your
  952. 57:57employer branding.
  953. 57:59>> Yeah. Branding.
  954. 58:00>> Can you explain more about the employee
  955. 58:01branding?
  956. 58:02>> Employer branding is like okay if people
  957. 58:03do not know Christy, how are they going
  958. 58:05to apply for a job? They need to know
  959. 58:07who you are first. Correct.
  960. 58:09>> If for example, if they don't know what
  961. 58:10is funnel evil, how am I going to send a
  962. 58:12resume here when I don't know you exist?
  963. 58:14So employer branding is important,
  964. 58:16visibility as an employer, credibility
  965. 58:18as an employer. What do you stand for?
  966. 58:20What's your vision? Why I should work
  967. 58:22for you? Besides money, don't just tell
  968. 58:24me you can pay me high. Tell me that
  969. 58:26what what is your vision and does it
  970. 58:28align with my values? What are your
  971. 58:30values? I think that's very important.
  972. 58:33>> Like we have very clear vision and very
  973. 58:34clear values and we hire people who are
  974. 58:37in line with our values.
  975. 58:39>> So I believe
  976. 58:45Now we are talking about how can you um
  977. 58:48make sure value your value
  978. 58:53which is marketing.
  979. 58:55[Laughter]
  980. 58:58Okay.
  981. 59:04Tik Tok million viewers. So
  982. 59:10you
  983. 59:14just another
  984. 59:16video.
  985. 59:17>> When you talk about team, it means a
  986. 59:19group of people, right? What does a team
  987. 59:21mean? Group people. Everyone chips in.
  988. 59:24Even
  989. 59:33you know uh designer art director
  990. 59:36videographer
  991. 59:38editor
  992. 59:43service
  993. 59:47so everyone contributes
  994. 59:49everyone can send an idea and then we
  995. 59:52chat together and then we discuss the
  996. 59:53idea. and we shoot together.
  997. 59:56Even our our logistics people, our
  998. 59:58warehouse team also we punching them to
  999. 1:00:00do uh content when the character we feel
  1000. 1:00:03this one asked this guy to do call him.
  1001. 1:00:05Hey come now, come now. Come now
  1002. 1:00:08come. Okay, say this now.
  1003. 1:00:11Yeah, it's teamwork and uh everyone is
  1004. 1:00:13in a content even drivers.
  1005. 1:00:16Yeah, everyone works together. So that's
  1006. 1:00:18why I say team work. That's why you need
  1007. 1:00:20to have really really strong team spirit
  1008. 1:00:23>> because we are we are not like
  1009. 1:00:24multinational companies where we can
  1010. 1:00:26afford like one person one job
  1011. 1:00:29>> so my team they do multiple jobs
  1012. 1:00:35water plants cut the like the office
  1013. 1:00:38dirty have to help to clean you know of
  1014. 1:00:40course we have cleaner but we we share
  1015. 1:00:43the workload you know sometimes like um
  1016. 1:00:47like something spoiled They also help me
  1017. 1:00:49to fix. It's just a like you know it's
  1018. 1:00:52like a family where you just do your
  1019. 1:00:53mother ask you fix this spoil then you
  1020. 1:00:55just do
  1021. 1:00:56>> it's a lot of teamwork and a lot of like
  1022. 1:00:59understanding tolerance
  1023. 1:01:02okay
  1024. 1:01:04is one thing
  1025. 1:01:05>> to make sure
  1026. 1:01:08work together
  1027. 1:01:12that's why that's why I say so how
  1028. 1:01:14>> vision is that culture
  1029. 1:01:15>> vision is very important what is your
  1030. 1:01:17vision if everyone shares the same
  1031. 1:01:20vision Even me and you, we can have a
  1032. 1:01:22disagreement now, but we both want the
  1033. 1:01:24same thing. Correct? So we when we both
  1034. 1:01:27have the same vision, we have the same
  1035. 1:01:28goals, eventually we'll find middle
  1036. 1:01:30ground. We'll work together. Even though
  1037. 1:01:32I don't like your method, you don't like
  1038. 1:01:33my method, but we both want the same
  1039. 1:01:35thing. And we know to get there, we have
  1040. 1:01:38to work together. So working together is
  1041. 1:01:40not something that I take a cane and
  1042. 1:01:43say,
  1043. 1:01:46it's not like that. They're all adults,
  1044. 1:01:47you know. only in the video I do that
  1045. 1:01:49but in real life they're adults so we do
  1046. 1:01:53not uh we do not uh it's that's why I
  1047. 1:01:56say value and goals we both want the
  1048. 1:01:58same thing we then we eventually
  1049. 1:02:00teamwork is part and parcel even if I
  1050. 1:02:02quarrel with or have a disagreement with
  1051. 1:02:04someone later we can have dinner
  1052. 1:02:06together because we are friends it
  1053. 1:02:07doesn't mean that I quar I we we talk
  1054. 1:02:10loud a bit with each other because of
  1055. 1:02:11something it doesn't mean that we're not
  1056. 1:02:14happy each other we still chill we still
  1057. 1:02:16eat dinner together we still go hang out
  1058. 1:02:17together one like nothing happened. It's
  1059. 1:02:19because the goals are so clear. The
  1060. 1:02:22vision is so clear.
  1061. 1:02:23>> So what is your vision?
  1062. 1:02:26>> The vision is to be
  1063. 1:02:29a Malaysian brand that
  1064. 1:02:31to be all across Southeast Asia. That's
  1065. 1:02:33the vision. Yeah. To be
  1066. 1:02:37a really really
  1067. 1:02:39successful shoe and handbag brand. A
  1068. 1:02:42brand that makes a difference for
  1069. 1:02:44people. A brand where people feel sees
  1070. 1:02:46value. You know you buying
  1071. 1:02:56so
  1072. 1:03:11make make all these beautiful products
  1073. 1:03:14high quality beautiful products that
  1074. 1:03:16people can they don't feel intimidated.
  1075. 1:03:19They can walk in feeling excited and
  1076. 1:03:21leave the store feeling more eager to
  1077. 1:03:23come back.
  1078. 1:03:24>> You know that we don't want
  1079. 1:03:32happy
  1080. 1:03:37and we believe that good quality
  1081. 1:03:39products are don't need to be expensive.
  1082. 1:03:42It can be very affordable. So we we want
  1083. 1:03:44to be the ultimate equalizer in the
  1084. 1:03:46industry
  1085. 1:03:47>> across across the board. Whether you are
  1086. 1:03:49from very rich background or very poor
  1087. 1:03:51background, whether this is your first
  1088. 1:03:53paycheck
  1089. 1:03:55or you saved up all your money just to
  1090. 1:03:57buy our product,
  1091. 1:03:58>> you will still find joy in owning it and
  1092. 1:04:00and find full use and purpose having it.
  1093. 1:04:04>> So that's the vision. And we want to be
  1094. 1:04:05all across Southeast Asia. We want to be
  1095. 1:04:08we're already in Indonesia. Um we're in
  1096. 1:04:10the midst of expansion. We have a few
  1097. 1:04:13more stores coming soon. Uh our first
  1098. 1:04:15store in the Philippines will be opening
  1099. 1:04:17October this year.
  1100. 1:04:18>> Oh, okay. Yeah, it's hed up already.
  1101. 1:04:20Yeah. Okay. I just want to go deep.
  1102. 1:04:38Do you face that kind of team in Gen Z
  1103. 1:04:41or your team?
  1104. 1:04:59experience.
  1105. 1:05:04How you hire?
  1106. 1:05:06>> That's the problem when you when you
  1107. 1:05:08complain about Gen Z can't do this.
  1108. 1:05:09Don't forget we were Gen Z before. So
  1109. 1:05:11last time they say millennials are like
  1110. 1:05:13>> Yeah. Millennials
  1111. 1:05:15Gen X.
  1112. 1:05:16>> Yeah.
  1113. 1:05:17>> We were once the Gen Z. We were
  1114. 1:05:19millennials and everyone above us was
  1115. 1:05:22will say ah this oh cannot auty tissue
  1116. 1:05:24strawberry. Now we are the older ones
  1117. 1:05:28and the the younger gen Z's, the gen
  1118. 1:05:31alphas are coming out.
  1119. 1:05:34>> It's never about the generation.
  1120. 1:05:35>> It's not about the generation. It's
  1121. 1:05:37about the mentality and how you hire.
  1122. 1:05:39That's why I said how do you hire? When
  1123. 1:05:41you have complaints like that, it means
  1124. 1:05:43that your hiring process is seriously
  1125. 1:05:45flawed.
  1126. 1:05:47>> So when people complain, I
  1127. 1:05:50I I mean like do you understand what's
  1128. 1:05:52your problem?
  1129. 1:06:17Okay. So, I throw anything there, they
  1130. 1:06:20can fix it.
  1131. 1:06:21They're smart and they are able to move
  1132. 1:06:23very very very fast. So for me I think
  1133. 1:06:25genz's are really good hires. It's just
  1134. 1:06:27my experience. Yeah I'm sure depend know
  1135. 1:06:31people say depend on luck. Yes to a
  1136. 1:06:33certain percentage is luck.
  1137. 1:06:35>> 20% luck the process is what
  1138. 1:06:39gives you a better chance of getting a
  1139. 1:06:41better employee. So are you doing your
  1140. 1:06:43hiring process correctly? If you have a
  1141. 1:06:45lot of if people complain complain
  1142. 1:06:46complain complain about their stuff.
  1143. 1:06:48First is the hiring process. Second is
  1144. 1:06:51the culture.
  1145. 1:06:53>> Culture is because you hire all the bad
  1146. 1:06:56people, all the rotten apples in the
  1147. 1:06:58basket spoils your culture. That's why I
  1148. 1:07:00say the hiring is so hire slow, fire
  1149. 1:07:03fast, you know, because if you get one
  1150. 1:07:06rotten apple, honcho, your culture, your
  1151. 1:07:08vision, mission all bye-bye. Yeah.
  1152. 1:07:10>> You know,
  1153. 1:07:11>> so that's what I'm trying to say. A lot
  1154. 1:07:13of problems because of hiring. HR is so
  1155. 1:07:16important.
  1156. 1:07:17based on the study of my team
  1157. 1:07:20regarding about the team.
  1158. 1:07:23Okay. Few years back.
  1159. 1:07:37Yeah.
  1160. 1:07:46Okay.
  1161. 1:07:51>> We didn't hire correctly. Okay.
  1162. 1:07:59Interns don't report to me.
  1163. 1:08:02>> Okay.
  1164. 1:08:05>> Yeah. Yes. That's why that's why uh so
  1165. 1:08:09when so basically
  1166. 1:08:16our our type of work doesn't suit her.
  1167. 1:08:19>> So um backbone
  1168. 1:08:24so I put
  1169. 1:08:30[Music]
  1170. 1:08:35[Laughter]
  1171. 1:08:48Okay, I cannot argue.
  1172. 1:09:03Okay. Okay.
  1173. 1:09:16Serious
  1174. 1:09:25[Music]
  1175. 1:09:29insurance.
  1176. 1:09:41resign. So I mean
  1177. 1:09:48just like you know just excuses and
  1178. 1:09:50stuff like that very demotivated don't
  1179. 1:09:52don't feel like coming to the office
  1180. 1:09:55>> and then don't want to quit because have
  1181. 1:09:56to pass the exam or I'm not sure. So
  1182. 1:09:59when this happened then um she ranted on
  1183. 1:10:02she ranted on on on social media and
  1184. 1:10:04then of course
  1185. 1:10:06>> um
  1186. 1:10:06>> nizen
  1187. 1:10:06>> nizen you know not every you come some
  1188. 1:10:08people will think oh this is a horrible
  1189. 1:10:10boss she torture her intern
  1190. 1:10:14we pay that time we pay our interns 800
  1191. 1:10:16ringgit a month you know
  1192. 1:10:18>> that's a lot
  1193. 1:10:18>> yeah in 2017 yeah
  1194. 1:10:21>> and then then was when they when we
  1195. 1:10:23going to kacham so there when you're
  1196. 1:10:24going to kacham right there's always two
  1197. 1:10:26two sides of it yeah so a Oh, so where
  1198. 1:10:30first I was so I was like so upset, you
  1199. 1:10:32know. I say, "Wow, this is my first time
  1200. 1:10:33going to Kam. I don't know what to
  1201. 1:10:34expect."
  1202. 1:10:35>> Oh, this is the first time you're going
  1203. 1:10:35to jump.
  1204. 1:10:36>> First time.
  1205. 1:10:36>> Not because of the product, but because
  1206. 1:10:38of the intern.
  1207. 1:10:39>> Yes. Yes. So then I like I didn't know
  1208. 1:10:43how to manage it. Then I was, wow, I'm
  1209. 1:10:46getting so much web traffic. My so
  1210. 1:10:49people from don't know my brand know my
  1211. 1:10:50brand because of the viral case. Before
  1212. 1:10:52that, no one knows me. Then wow, a lot
  1213. 1:10:54of people know me from this intern.
  1214. 1:10:55Okay. Wow. Sales going up.
  1215. 1:10:57>> Wow. Everybody jump the sale the traffic
  1216. 1:11:00went up like crazy
  1217. 1:11:02>> and then the sales went up
  1218. 1:11:04>> because you got good product people buy
  1219. 1:11:06right they don't care about whether the
  1220. 1:11:08product is good or whether I I I broke
  1221. 1:11:10the intern's backbone is a different
  1222. 1:11:12story right correct
  1223. 1:11:14>> people got brain right
  1224. 1:11:15>> so they a lot the sales went up then
  1225. 1:11:18after I started getting a lot of resume
  1226. 1:11:20you know then I said uh
  1227. 1:11:25life.
  1228. 1:11:33The other people sent me email.
  1229. 1:11:48house.
  1230. 1:11:51>> So, so it's a it's a perspective, you
  1231. 1:11:54know, to to me to her maybe I'm the
  1232. 1:11:56worst uh person in the world, you know,
  1233. 1:11:58she hates to come to my office, come to
  1234. 1:12:00work.
  1235. 1:12:01>> Uh that's her that to her. But to to
  1236. 1:12:03other to others, oh, I'm very happy to
  1237. 1:12:05work you. I like oh I can I like to also
  1238. 1:12:09go and then go some email me and say
  1239. 1:12:15good people apply job so when people
  1240. 1:12:19there's always people who support and
  1241. 1:12:21then got one person right there
  1242. 1:12:29cheap labor
  1243. 1:12:33[Laughter]
  1244. 1:12:36So it's a perspective. You can look at
  1245. 1:12:37the glass half full or half half empty.
  1246. 1:12:40>> Correct. Not
  1247. 1:12:40>> correct.
  1248. 1:12:41>> To to her to some people k but a lot of
  1249. 1:12:43people want to work for us.
  1250. 1:12:45>> Yeah. They they say well you well you go
  1251. 1:12:47you provide uh you provide food in your
  1252. 1:12:49office or so. Wow. I want to work there.
  1253. 1:12:51Never mind I can carry I can carry the
  1254. 1:12:53heavy item. Yeah. You get what I mean?
  1255. 1:13:04Yeah. So there's a perspective. A lot of
  1256. 1:13:06people also uh uh say very unpleasant
  1257. 1:13:09things to me. They say like well you you
  1258. 1:13:11really don't care about your staff's
  1259. 1:13:12health. You're feeding them junk food.
  1260. 1:13:14They will get diabetes. They will get
  1261. 1:13:15high blood pressure. They will get high
  1262. 1:13:16attack. People also talk bad about me
  1263. 1:13:18because of the pantry. And then some say
  1264. 1:13:20oh sugar there's no nutrition. People so
  1265. 1:13:24still talk bad about me. Why you never
  1266. 1:13:25give your stuff a balanced diet? So
  1267. 1:13:27suddenly it becomes my responsibility to
  1268. 1:13:29give balanced diet. So whatever I do
  1269. 1:13:31there's always people who are whatever
  1270. 1:13:33we do not only me even you you cannot
  1271. 1:13:35please everybody someone will not agree
  1272. 1:13:37so depending on how you look at the
  1273. 1:13:39issue at hand. Yeah. Perspective.
  1274. 1:13:42>> There's always perspective.
  1275. 1:13:43>> Yeah. Perspective.
  1276. 1:13:47>> So,
  1277. 1:13:47>> because a lot of people don't don't
  1278. 1:13:49agree with her perspective. Of course,
  1279. 1:13:50there are a lot of people who disagree
  1280. 1:13:52with with with me, agree with her.
  1281. 1:13:55>> But a lot of people agree with there's
  1282. 1:13:56always people who have the share the
  1283. 1:13:58same opinion as me. And it's okay to
  1284. 1:13:59have differences of opinion. This is a
  1285. 1:14:02democratic country, democratic world.
  1286. 1:14:04You can have a different opinion with
  1287. 1:14:05me.
  1288. 1:14:05>> Let's talk about so how you handle
  1289. 1:14:15perspective. You as a person
  1290. 1:14:19know
  1291. 1:14:33you experience
  1292. 1:14:48uh stress,
  1293. 1:14:51depression,
  1294. 1:15:03warrior account to list
  1295. 1:15:10fake account
  1296. 1:15:13have something uh you don't agree with
  1297. 1:15:15me you have something bad to say about
  1298. 1:15:17me use your real account show me who you
  1299. 1:15:20are tell me what I do wrong have a
  1300. 1:15:22discussion we can talk correct or not
  1301. 1:15:25>> yeah if you use a fake account and bash
  1302. 1:15:26me why should I be upset
  1303. 1:15:30>> in real life they don't even dare to
  1304. 1:15:31come and talk to me
  1305. 1:15:33>> that's why they have to use a fake Oh,
  1306. 1:15:35so I I'm not affected. I really am not.
  1307. 1:15:38>> So you
  1308. 1:15:42can write and I don't delete all these
  1309. 1:15:44comments. So I
  1310. 1:15:47can delete diplomatic diplomatic
  1311. 1:15:50>> democratic. Yes.
  1312. 1:15:52>> You cannot please everyone and they're
  1313. 1:15:54all fake accounts. What can I what can
  1314. 1:15:56you dorepreneur?
  1315. 1:16:01One of the criteria
  1316. 1:16:19I believe
  1317. 1:16:21is like ups and down,
  1318. 1:16:29you know.
  1319. 1:16:38How you motivate yourself?
  1320. 1:16:47How you motivate yourself?
  1321. 1:16:50You okay?
  1322. 1:16:52>> Okay. But how you motivate yourself
  1323. 1:16:54every single day?
  1324. 1:17:02Are you okay?
  1325. 1:17:26Netflix.
  1326. 1:17:36You just
  1327. 1:17:58talk to them. Ask them what's wrong.
  1328. 1:18:00What's causing you to feel this way?
  1329. 1:18:02Okay. What's causing you to uh what's
  1330. 1:18:04triggering you to have all these
  1331. 1:18:05negative thoughts? Why you like not on
  1332. 1:18:08form? Okay.
  1333. 1:18:14Expect hurry content. There's no such
  1334. 1:18:16thing.
  1335. 1:18:17>> Even myself.
  1336. 1:18:19>> Yes. They are humans. They can be lazy
  1337. 1:18:21today. They don't feel like coming to
  1338. 1:18:22work. It's totally human.
  1339. 1:18:24>> I I myself also feel lazy sometimes. So
  1340. 1:18:27what more them right? Correct. Not. So
  1341. 1:18:29just need to understand and you know
  1342. 1:18:30it's called tolerance give and take.
  1343. 1:18:33>> Yeah. You need to give and take and find
  1344. 1:18:34out what's making them what's usually
  1345. 1:18:36it's usually when they have something
  1346. 1:18:38exciting to work on because they're all
  1347. 1:18:39very okay. They're all very passionate
  1348. 1:18:41people. My people are my team are very
  1349. 1:18:43passionate.
  1350. 1:18:44>> So when you're driven by passion
  1351. 1:18:45>> you don't need you don't need your boss
  1352. 1:18:47to like take a cane and motivate you.
  1353. 1:18:49>> Of course I still need to motivate them
  1354. 1:18:51once in a while. But they're deep
  1355. 1:18:53they're generally very passionate
  1356. 1:18:54people. They love what they do, you
  1357. 1:18:56know, and they want to create make a
  1358. 1:18:57difference, make a name for themselves.
  1359. 1:18:59Also, they want to they want to showcase
  1360. 1:19:01their talents. They want to create
  1361. 1:19:03something that's significant, you know.
  1362. 1:19:05They love, you know, when a content gets
  1363. 1:19:06like millions of views, they're very
  1364. 1:19:08very happy. One, they're damn happy. So,
  1365. 1:19:10that's that's their personal
  1366. 1:19:12achievement. See, it's my idea 1 million
  1367. 1:19:14views. So, it's they're self motivated.
  1368. 1:19:16I don't need to
  1369. 1:19:18>> I don't push them
  1370. 1:19:19>> but certain things I have to push are
  1371. 1:19:21like maybe deadline not done for the
  1372. 1:19:23more other stuff but overall they
  1373. 1:19:25motivate themsel
  1374. 1:19:29>> if I see them like so depressed like
  1375. 1:19:31like not working well I bring you go eat
  1376. 1:19:33what you want to eat
  1377. 1:19:34>> okay all right so anything else
  1378. 1:19:40so I I think for
  1379. 1:19:45collabor
  1380. 1:19:46Yeah. Collaboration because you can
  1381. 1:19:48collaborate with So
  1382. 1:19:52>> collaboration too. And uh
  1383. 1:19:54>> how do you choose your collaboration
  1384. 1:19:55partner?
  1385. 1:19:56>> Yes.
  1386. 1:19:57>> Um
  1387. 1:19:59we we work with brands that share the
  1388. 1:20:01same values and we work with brands that
  1389. 1:20:03um that we see uh synergistic um
  1390. 1:20:08appeals similar. Uh whether the target
  1391. 1:20:11audience is not really an issue because
  1392. 1:20:12we always want to expand our base. So we
  1393. 1:20:14love to work with brands which expose us
  1394. 1:20:16to a new set of customer base.
  1395. 1:20:19>> How do I choose? Um
  1396. 1:20:26>> do they approach you? You want to
  1397. 1:20:27approach you or you approach
  1398. 1:20:34[Music]
  1399. 1:20:37then up.
  1400. 1:20:42Okay. Yeah.
  1401. 1:20:52[Music]
  1402. 1:20:56Okay.
  1403. 1:20:57Some uh I give you example like who uh
  1404. 1:21:02dinner. Hey can you do this for me? Uh I
  1405. 1:21:05want to do this unisex bag for men can
  1406. 1:21:07put handphone inside and women also can
  1407. 1:21:09use. Okay do tomorrow I send you my
  1408. 1:21:12logo. You help me do some sketch uh some
  1409. 1:21:15sample sample can. What I do for you
  1410. 1:21:18then? Oh I want to buy sell in my 400
  1411. 1:21:20cafes. Okay. Uh
  1412. 1:21:25no formal meeting
  1413. 1:21:29formal meeting to discuss the rolling
  1414. 1:21:30out details. But the topline ideas they
  1415. 1:21:32all come very natural or topline ideas
  1416. 1:21:34we just have like a discussion. Yeah.
  1417. 1:21:37Can you do this? Okay. How you going to
  1418. 1:21:39sell it? What's your price point? Uh how
  1419. 1:21:42you want to do it? Uh when launch that's
  1420. 1:21:44it.
  1421. 1:21:49So means
  1422. 1:22:00event
  1423. 1:22:05some some of they messaged me on
  1424. 1:22:06LinkedIn some messaged me on Instagram
  1425. 1:22:09asked me to you know can give me a
  1426. 1:22:11number I got an idea I want to want to
  1427. 1:22:12discuss you if you're okay or not then
  1428. 1:22:14you just send my number and then they
  1429. 1:22:15call me hey I want to do a collection
  1430. 1:22:17for okay what you may do okay do this
  1431. 1:22:20this cannot then okay
  1432. 1:22:23>> it's not it's not that complicated I
  1433. 1:22:25don't know why people it's not
  1434. 1:22:27complicated but of course the planning
  1435. 1:22:29is meticulous it's not complicated it is
  1436. 1:22:32detailed very detailed planning the
  1437. 1:22:34execution has to be very on point has to
  1438. 1:22:36be structured it has to be seamless but
  1439. 1:22:39there's execution but
  1440. 1:22:40>> if if the brand wants to work with you
  1441. 1:22:42they will make it happen one you don't
  1442. 1:22:43need to think too much
  1443. 1:22:45>> if of course you must deliver results.
  1444. 1:22:47You must have substance. You must
  1445. 1:22:49produce good products, good quality. You
  1446. 1:22:51know what you're doing. It will happen.
  1447. 1:22:53>> So, you collab
  1448. 1:22:57>> effect
  1449. 1:22:59your your sales
  1450. 1:23:00>> better than no collab.
  1451. 1:23:01>> Better than collapse.
  1452. 1:23:09>> Yeah.
  1453. 1:23:11>> Yeah. It's not complicated.
  1454. 1:23:14>> Yeah.
  1455. 1:23:15>> Yeah. for you. It's not complicated, but
  1456. 1:23:31of course
  1457. 1:23:34[Music]
  1458. 1:23:37I think I think why uh all these
  1459. 1:23:39questions right and all this kind of
  1460. 1:23:41like um they think it's complicated and
  1461. 1:23:42stuff like that right is because they
  1462. 1:23:44don't they know they they haven't gotten
  1463. 1:23:47their product right. They haven't got
  1464. 1:23:49their thing act to they haven't got
  1465. 1:23:51their act right. It's completely fine if
  1466. 1:23:53your product is not up to standard yet.
  1467. 1:23:55Then in that case you shouldn't be
  1468. 1:23:57thinking of collaborating people. You
  1469. 1:23:59should be thinking of getting your house
  1470. 1:24:00in order first. Getting your product
  1471. 1:24:02fundamentals. When your fundamentals are
  1472. 1:24:04strong, everyone wants to work with you.
  1473. 1:24:06It's because your fundamentals are all
  1474. 1:24:07shaky. That's why you think it's
  1475. 1:24:09complicated. Is this is that is because
  1476. 1:24:11your product got problem? Your service
  1477. 1:24:13got problem. Okay, let me give you one
  1478. 1:24:15example.
  1479. 1:24:17>> Okay, there is uh some some some
  1480. 1:24:20entrepreneurs are my friends and as I
  1481. 1:24:24have a passion in helping startups.
  1482. 1:24:26Yeah, I try to help a lot of people and
  1483. 1:24:29I I try to help a lot of startups. They
  1484. 1:24:30come to me for advice.
  1485. 1:24:34Sometimes they don't want to listen.
  1486. 1:24:36That's it.
  1487. 1:24:37>> They're just wasting time money because
  1488. 1:24:39you tell them what to do. You tell them
  1489. 1:24:40the answer. I'm not ordering that. tell
  1490. 1:24:42them what what is the solution they
  1491. 1:24:44still want to dig want to make themsel
  1492. 1:24:46in more dig their hole and make
  1493. 1:24:47themselves more trouble then I can't do
  1494. 1:24:49anything
  1495. 1:24:50>> they're adults already so I give you
  1496. 1:24:51example so there's this girl okay she's
  1497. 1:24:55a very very good friend of mine
  1498. 1:24:57>> so she started a FnB business
  1499. 1:25:03the product of course as a friend I very
  1500. 1:25:06b I will go and support support that's
  1501. 1:25:07what friends are for right support that
  1502. 1:25:09taste a product I say babe your food is
  1503. 1:25:11really not good. You better fix your
  1504. 1:25:14quality.
  1505. 1:25:16It's really really bad. And I didn't
  1506. 1:25:18order one thing in the menu. I order a
  1507. 1:25:20few things in the menu. I say, "Hey,
  1508. 1:25:21you're you you you you're charging so
  1509. 1:25:23much, but I only get a plastic spoon
  1510. 1:25:26>> and or like a like I'm getting like the
  1511. 1:25:28pastas malam standard like those
  1512. 1:25:30takeaway coffee shop plastic spoon."
  1513. 1:25:32>> But this coffee shop, you are in a
  1514. 1:25:34shopping mall and charging me so much.
  1515. 1:25:37>> How can you This is the It doesn't
  1516. 1:25:39correlate. It doesn't make sense. Even
  1517. 1:25:40though I'm your friend
  1518. 1:25:43and I want you to earn my money, I want
  1519. 1:25:45to support you.
  1520. 1:25:47Your product, your food is very bad. It
  1521. 1:25:50tastes horrible and you're giving
  1522. 1:25:51plastics to spoon and serving on plastic
  1523. 1:25:53disposable plates in a shopping mall and
  1524. 1:25:56charging such a high price. These are
  1525. 1:25:57factual stuff, right?
  1526. 1:25:59>> Yeah.
  1527. 1:25:59>> I'm a friend. I tell you improve
  1528. 1:26:03>> this is they say this then she never she
  1529. 1:26:05does totally don't care about what I
  1530. 1:26:07say. I go there so many times the food
  1531. 1:26:09just getting worse and worse and worse
  1532. 1:26:10and worse. Okay.
  1533. 1:26:12And then her food is worse. She like
  1534. 1:26:15example she start with 10 things on the
  1535. 1:26:17menu. The food keep getting worse. She
  1536. 1:26:20and the of course the sales drop because
  1537. 1:26:21of why? Because the food is not good.
  1538. 1:26:23And
  1539. 1:26:25>> she think no it's because I need to have
  1540. 1:26:27more things on my menu. She going 30
  1541. 1:26:30items on her menu.
  1542. 1:26:32>> Right.
  1543. 1:26:32>> Yeah.
  1544. 1:26:32>> Your basic already cannot do properly.
  1545. 1:26:34She go add on all these other food which
  1546. 1:26:37her core food of the business cannot
  1547. 1:26:40even get it right. She go add on another
  1548. 1:26:4120 different things on menu. Then she
  1549. 1:26:44come to me and say, "Oh, I'm very
  1550. 1:26:46stressed. I can't get bank loan. I can't
  1551. 1:26:48get this. I can't get that. Can you
  1552. 1:26:50intro me all the grant?" I said, "I can
  1553. 1:26:52intro you. Go ahead." But I don't think
  1554. 1:26:54the grant also you will get because your
  1555. 1:26:56call is so weak. You're not addressing
  1556. 1:26:59the the problem here.
  1557. 1:27:01>> The problem that you are facing. You're
  1558. 1:27:02in a denial. you're in denial. She said,
  1559. 1:27:05"No, babe. My problem is marketing. I
  1560. 1:27:08need your help to promote." I say, "Hey,
  1561. 1:27:10um, I've been helping you to post and
  1562. 1:27:12promote." And the product is bad. People
  1563. 1:27:15are not coming back. And she say, "Oh,
  1564. 1:27:18no. I need to do uh marketing. I need to
  1565. 1:27:20find influencer." I said, "Babe, you
  1566. 1:27:21bring the influencer eat here. Tastes
  1567. 1:27:23like crap. You think it's going to be
  1568. 1:27:25worse on you because your fundamental is
  1569. 1:27:27so weak." Then she said, "No, it's my
  1570. 1:27:29marketing." Okay. Oh, don't listen to
  1571. 1:27:30me. Fine.
  1572. 1:27:31>> Then you know she did. She go open a
  1573. 1:27:33bigger restaurant and have like 50
  1574. 1:27:36things now in the on the menu. She's
  1575. 1:27:38like piling more and more
  1576. 1:27:41crap on herself, right? She's piling
  1577. 1:27:43more and more. She doesn't understand
  1578. 1:27:45her problem. She think her problem is
  1579. 1:27:47marketing. She think her problem is like
  1580. 1:27:49not enough of uh choices on the menu.
  1581. 1:27:52>> She think her problem is because her she
  1582. 1:27:53doesn't have a big restaurant.
  1583. 1:27:55>> But actually the problem is her food
  1584. 1:27:56sucks. But she doesn't know it. I I I
  1585. 1:27:58tell her but she not doesn't know it.
  1586. 1:27:59She doesn't want to accept it. Yeah.
  1587. 1:28:01>> So she thinks it's everything else
  1588. 1:28:03except that. So So the moral of the
  1589. 1:28:04story here is
  1590. 1:28:06>> if you don't get your fundamentals
  1591. 1:28:07right, no one can help you.
  1592. 1:28:10>> Yeah. You only can help yourself.
  1593. 1:28:11>> Yeah.
  1594. 1:28:12>> So this is entrepreneurship.
  1595. 1:28:13>> So you ask me why some businesses can't
  1596. 1:28:15get grant. Yeah. You know they don't
  1597. 1:28:17even apply the form not complete.
  1598. 1:28:19>> You know fundamentals not right. Get
  1599. 1:28:21what? You can't even look in yourself in
  1600. 1:28:24the mirror and find out what you see
  1601. 1:28:27your problem. You know and the issue is
  1602. 1:28:28this. You don't even know what you know
  1603. 1:28:30and what you don't know.
  1604. 1:28:32>> So a lot of them are in trouble because
  1605. 1:28:34of this. Their fundamentals are not
  1606. 1:28:35strong. So when once your fundamentals
  1607. 1:28:37are strong, every brand wants to work
  1608. 1:28:39with you. Correct.
  1609. 1:28:41>> Correct.
  1610. 1:28:41>> You don't look for them. They come and
  1611. 1:28:43look for you because you have substance.
  1612. 1:28:44You deliver consistency and good quality
  1613. 1:28:47products or service. Everyone wants to
  1614. 1:28:49work with you.
  1615. 1:28:51She she think so that friend she thinks
  1616. 1:28:53that oh if I collaborate with all these
  1617. 1:28:55big brands that you know, can I
  1618. 1:28:57collaborate with your brand? Uh I said,
  1619. 1:28:59"Babe, fix the food. Fix the food." Oh,
  1620. 1:29:02how she say, "Oh, it must be very
  1621. 1:29:03difficult. You collaborate all these big
  1622. 1:29:05brands." I said, "Babe, I have a proper
  1623. 1:29:09product which is good quality and good
  1624. 1:29:11price."
  1625. 1:29:12>> And I have a proper service and a system
  1626. 1:29:14in place.
  1627. 1:29:15>> Yours even is all over the place.
  1628. 1:29:18>> You know, you're not even managing your
  1629. 1:29:20wastages, your food, your perishables
  1630. 1:29:22are all not being managed well. The food
  1631. 1:29:24is so horrible. how you want brand to
  1632. 1:29:27come and work with you. Agree.
  1633. 1:29:30>> So this is the problem people when they
  1634. 1:29:31think it's complicated is because their
  1635. 1:29:32fundamentals are not right. So that's
  1636. 1:29:34the story I want to share today.
  1637. 1:29:57video. Okay.
  1638. 1:30:02[Music]
  1639. 1:30:12uh how you defend yourself or
  1640. 1:30:17>> um I think fashion is repeats itself you
  1641. 1:30:22know trends come and go you know like
  1642. 1:30:24something that was in trend 10 years ago
  1643. 1:30:26is suddenly in trend now again
  1644. 1:30:28>> you know and if you observe a lot of
  1645. 1:30:32brands you know like handbag is a
  1646. 1:30:33handbag it has handles the shape the
  1647. 1:30:36silhouette is all
  1648. 1:30:51Yeah. So, okay. So I believe that you
  1649. 1:30:54know this is 2025 you know the world is
  1650. 1:30:57so advanced you know there's Pinterest
  1651. 1:30:58there's internet there's like uh so many
  1652. 1:31:02knowledge sharing platforms you know so
  1653. 1:31:04social media
  1654. 1:31:06there's nothing truly truly original or
  1655. 1:31:09first of its kind anymore in the world
  1656. 1:31:11of design everything has been taken
  1657. 1:31:13inspiration from you know history or
  1658. 1:31:15from culture or from you know a trend
  1659. 1:31:18you know and I know in fashion we have
  1660. 1:31:20something called WGSN
  1661. 1:31:22>> mm which is a a trend forecast uh
  1662. 1:31:24subscription service where they forecast
  1663. 1:31:26colors, trends, silhouettes, shapes.
  1664. 1:31:30Everyone is using the same it's really
  1665. 1:31:31the go-to guide guide uh for for fashion
  1666. 1:31:36fashion trend anal analysis.
  1667. 1:31:39>> So if you
  1668. 1:31:41if you go walk in the shopping mall
  1669. 1:31:43today, you walk through many many
  1670. 1:31:44different shops, handbag shops, right?
  1671. 1:31:46You see all the bigang
  1672. 1:31:49>> correct?
  1673. 1:31:49>> Yeah. So the ones that say that I copy
  1674. 1:31:57I don't know how I mean you know
  1675. 1:31:58>> Yeah.
  1676. 1:31:59>> I can't do I can't do anything.
  1677. 1:32:01>> Yeah. Yeah.
  1678. 1:32:01>> I I'm giving my customers what they
  1679. 1:32:03want. I'm an entrepreneur
  1680. 1:32:05>> you know.
  1681. 1:32:06>> It's you know it's supply and demand
  1682. 1:32:08>> you know and if customers want this this
  1683. 1:32:11particular shape we have as an as a as
  1684. 1:32:14an entrepreneur we have to answer to the
  1685. 1:32:16market demand.
  1686. 1:32:17>> Yeah.
  1687. 1:32:17>> For that shape for that color.
  1688. 1:32:27business.
  1689. 1:32:38Just kidding. Just kidding. So, what's
  1690. 1:32:40your
  1691. 1:32:47Antara entrepreneuring
  1692. 1:32:50second Ramay I agree there are more male
  1693. 1:32:53entrepreneurs than female entrepreneurs
  1694. 1:32:55but I know of many very very good female
  1695. 1:32:57entrepreneurs
  1696. 1:33:01um
  1697. 1:33:02women actually make very good leaders
  1698. 1:33:04like my my key leadership team with a
  1699. 1:33:07lot of females inside and I'm a female
  1700. 1:33:09leader myself
  1701. 1:33:11why because they priorit uh because it's
  1702. 1:33:14sometimes it's how do I put it
  1703. 1:33:19Women are in a very difficult position
  1704. 1:33:21compared to men. You know, we have to be
  1705. 1:33:23mothers. We have to care for the family.
  1706. 1:33:26We have to care for our parents. It's
  1707. 1:33:28always the woman shouldering all this
  1708. 1:33:29responsibility. This is this is uh
  1709. 1:33:33people always expect the women to cook,
  1710. 1:33:34to clean, you know, take care of the
  1711. 1:33:36kids, you know.
  1712. 1:33:37>> Even in Chinese culture somewhere,
  1713. 1:33:39>> same
  1714. 1:33:40>> same. I I I I think it's the same. Just
  1715. 1:33:43this is my opinion. doesn't represent
  1716. 1:33:45what everyone else disclaimer. Yes.
  1717. 1:33:47>> You know, and and
  1718. 1:33:49it's so it's so hard being a woman
  1719. 1:33:51sometimes because you have to juggle
  1720. 1:33:52between so many different
  1721. 1:33:54responsibilities,
  1722. 1:33:55you know,
  1723. 1:33:57and I really have very high respect for
  1724. 1:33:59women. And I think if women were not
  1725. 1:34:02expected to do so many things like like
  1726. 1:34:04cook clean do everything is under them
  1727. 1:34:06you know they will conquer the world
  1728. 1:34:08already
  1729. 1:34:09>> because expectation is placed on them to
  1730. 1:34:12do all these things you know when the
  1731. 1:34:13there's no more milk in the fridge you
  1732. 1:34:15always ask the woman why there's no milk
  1733. 1:34:16in the fridge you don't ask the man hey
  1734. 1:34:18why you never go buy the milk correct
  1735. 1:34:20it's the culture it's society that make
  1736. 1:34:23women have so many things to do until
  1737. 1:34:25they can't do anything else this is what
  1738. 1:34:27I think personal opinion
  1739. 1:34:29So women make extremely good
  1740. 1:34:31entrepreneurs and I've known so many
  1741. 1:34:32extremely capable and amazing women
  1742. 1:34:36entrepreneurs.
  1743. 1:34:37>> Okay.
  1744. 1:34:37>> Just that it's the support. So I think
  1745. 1:34:39women need support. The support system
  1746. 1:34:41is so important like you know you need
  1747. 1:34:44you need help. You know you may need
  1748. 1:34:46like uh you need be bake. You know you
  1749. 1:34:48need maybe need a domestic helper to
  1750. 1:34:49help you to iron the clothes. you need a
  1751. 1:34:52personal assistant to help you to get
  1752. 1:34:54the milk in the fridge and things like
  1753. 1:34:56that because you only have 24 hours a
  1754. 1:34:58day and you're spreading yourself too
  1755. 1:34:59thin. So women always put themselves
  1756. 1:35:00last. They always put others first and
  1757. 1:35:03that's why they're not in business
  1758. 1:35:04because they put their family first,
  1759. 1:35:05they put their husband first, they put
  1760. 1:35:07their kids first. So they they they
  1761. 1:35:09because of all this they cannot chase
  1762. 1:35:10their dreams, you know, because
  1763. 1:35:14they they prioritize everyone else
  1764. 1:35:15besides them. Having said that, there
  1765. 1:35:18are still a lot of very good female
  1766. 1:35:19leaders who are very successful and I
  1767. 1:35:22hope to see more females step up and and
  1768. 1:35:24do business, you know, but I think what
  1769. 1:35:26what women need is help, support, help
  1770. 1:35:29in the sense like get them uh you know,
  1771. 1:35:31maybe help them to ease the the work
  1772. 1:35:33like get the workload like
  1773. 1:35:38help. Yeah, you need assistance to to do
  1774. 1:35:41>> things, you know,
  1775. 1:35:42>> work life balance. Do you believe with
  1776. 1:35:44work life balance? I believe in work
  1777. 1:35:46life integration.
  1778. 1:35:47>> Work life integration. Explain it.
  1779. 1:35:50>> Explain. I think that you first of all
  1780. 1:35:52work takes up a lot of your time and
  1781. 1:35:53takes up a lot of your life. You must do
  1782. 1:35:55something you love. If you love what you
  1783. 1:35:57do, it's like not having to work a
  1784. 1:35:59single day of your life.
  1785. 1:36:00>> Yeah. So like
  1786. 1:36:03uh some of my my my some of my people
  1787. 1:36:05they you know example they love to
  1788. 1:36:07design products or they love to create
  1789. 1:36:09content.
  1790. 1:36:11I ask them come on Saturday and Sunday.
  1791. 1:36:13Okay. We have something to do. Oh, this
  1792. 1:36:15idea is hot. Let's come now and shoot
  1793. 1:36:17now before it's our trend. I'm coming
  1794. 1:36:19now. You know, it's the enthusiasm, the
  1795. 1:36:22love and the passion for what you do
  1796. 1:36:24that makes it so meaningful and and that
  1797. 1:36:26is your life also. That's big part of
  1798. 1:36:28your life.
  1799. 1:36:29>> So, next question.
  1800. 1:36:32Fashion
  1801. 1:36:40business.
  1802. 1:36:44Yes, I agree. Agree. So,
  1803. 1:36:51you handle
  1804. 1:36:55fashions
  1805. 1:36:58that problem.
  1806. 1:37:01Yeah. How you
  1807. 1:37:05know?
  1808. 1:37:06>> I think that that that's where my
  1809. 1:37:08education helps me. Believe it or not,
  1810. 1:37:10biotechnology can help you be a better
  1811. 1:37:12entrepreneur.
  1812. 1:37:12>> Really?
  1813. 1:37:13>> Yes. I think so. I mean uh because I
  1814. 1:37:16learned how to you know do I learn how
  1815. 1:37:18to to test you know in you know you I
  1816. 1:37:22adopt a very scientific approach in my
  1817. 1:37:25business very methodological you know
  1818. 1:37:27what's my hypothesis what's my inference
  1819. 1:37:31how many I I run the test I sell I I I
  1820. 1:37:34test this I run in small batches okay
  1821. 1:37:36now I sell this I I do this product in a
  1822. 1:37:39small batch because I don't know whether
  1823. 1:37:40it can sell I test first okay I make
  1824. 1:37:42very small quantity
  1825. 1:37:43Hey, the sales not very good. Okay,
  1826. 1:37:46maybe I tweak the handle. I tweaked the
  1827. 1:37:49the the tally, the the the the whatever
  1828. 1:37:51the Oh, the sales improve. Oh, what if I
  1829. 1:37:54change the material or I change the
  1830. 1:37:56color? I see. Look at the data. Wow,
  1831. 1:37:58numbers very good. Oh, it's the color
  1832. 1:38:00problem. Oh, maybe it's a shape problem.
  1833. 1:38:03Oh, then I lower my price by just $9 or
  1834. 1:38:06$10 lower. Wow, the sales big
  1835. 1:38:08difference. So, it's about experimenting
  1836. 1:38:10and seeing where's the sweet spot. Okay.
  1837. 1:38:13>> So, I think that's how my education and
  1838. 1:38:15my background helped me become a better
  1839. 1:38:17entrepreneur. I know how to test.
  1840. 1:38:19>> Okay.
  1841. 1:38:20>> I always test and test and test until I
  1842. 1:38:22find a sweet spot. Then only I do big I
  1843. 1:38:25do in bigger scale.
  1844. 1:38:26>> Okay. Yeah. Next question.
  1845. 1:38:27>> Yeah. You test everything and then you
  1846. 1:38:30you what bigger scale and then
  1847. 1:38:34basically.
  1848. 1:38:38Okay. So, fashion there are like
  1849. 1:38:40timeless products. They're classics and
  1850. 1:38:41they're also trends. So, I think that we
  1851. 1:38:44we have a very good mix. We have a very
  1852. 1:38:47a very good mix of like classics and
  1853. 1:38:50also uh timeless stuff like very basic
  1854. 1:38:52things like a black dress example. It
  1855. 1:38:54never goes out of trend.
  1856. 1:38:55>> Like a black suit, you wear a black
  1857. 1:38:57blazer, it never goes out trend. Dark
  1858. 1:38:59blue,
  1859. 1:39:00>> both of you are wearing dark blue, one
  1860. 1:39:01lighter blue, one darker blue is all
  1861. 1:39:03wardrobe staples.
  1862. 1:39:04>> Yeah. Okay. So what we do at Christy the
  1863. 1:39:06core of the collection is our wardrobe
  1864. 1:39:08staples are things that you can use
  1865. 1:39:10every day.
  1866. 1:39:11>> Ah
  1867. 1:39:13>> yeah and
  1868. 1:39:15>> so you added two types.
  1869. 1:39:16>> Yeah and of course we also cater to
  1870. 1:39:18trend but that is not that's not what
  1871. 1:39:20the whole business about.
  1872. 1:39:22>> It's not the it is seasonal items. There
  1873. 1:39:24are trends like you know we we then and
  1874. 1:39:27then we also adapt some of the latest
  1875. 1:39:29trends or the latest color palettes or
  1876. 1:39:31latest prints to our classic designs and
  1877. 1:39:33we give them a fresh new interpretation.
  1878. 1:39:36But we we the whole business is not all
  1879. 1:39:39about trends. It's about creating
  1880. 1:39:41meaningful products that every people
  1881. 1:39:43use every day.
  1882. 1:39:44>> Okay.
  1883. 1:39:44>> You want to say we are fast fashion in
  1884. 1:39:46some ways. Yes. Because we launch three
  1885. 1:39:49to four products new products a week.
  1886. 1:39:51>> Three to four a week. whole week.
  1887. 1:39:56>> Yeah, it's very fast.
  1888. 1:39:58>> And then you what? Limited edition you
  1889. 1:40:00got.
  1890. 1:40:01>> Yeah.
  1891. 1:40:02>> Three to four new products.
  1892. 1:40:04>> Then three to four every week though.
  1893. 1:40:06And then mostly
  1894. 1:40:09>> uh we'll see how fast is the sell
  1895. 1:40:10through. If the sell through is very
  1896. 1:40:12good, we will produce it again in a
  1897. 1:40:14bigger batch.
  1898. 1:40:14>> Okay. If meaning you produce your data
  1899. 1:40:18shows everything okay, good. You go all
  1900. 1:40:21out and then suddenly
  1901. 1:40:30>> because they numbers don't lie.
  1902. 1:40:33>> Everything bas on numbers data.
  1903. 1:40:42Okay. All right. So any any any more
  1904. 1:40:45question
  1905. 1:41:00[Music]
  1906. 1:41:06[Music]
  1907. 1:41:11to be honest I can before I can Okay.
  1908. 1:41:14And then I can tell you I think probably
  1909. 1:41:17because of content
  1910. 1:41:26boy.
  1911. 1:41:28Okay. Okay. Okay. Maybe last word from
  1912. 1:41:30you.
  1913. 1:41:37So what's your advice to them?
  1914. 1:41:39>> Um get your fundamentals right and it's
  1915. 1:41:41all about mindset. You can look at a
  1916. 1:41:43glass half full or half empty. A
  1917. 1:41:45difference between between someone who
  1918. 1:41:48you know fails and someone who succeeds
  1919. 1:41:50is its mindset and fundamentals.
  1920. 1:41:54You get your bas you get you get your
  1921. 1:41:56core fundamentals strong
  1922. 1:41:59and you get your mindset your mindset
  1923. 1:42:01right
  1924. 1:42:03>> you will not fail. I guarantee you this.
  1925. 1:42:05>> Guarantee.
  1926. 1:42:08>> Okay. All right. Thank you so much.
  1927. 1:42:11[Music]
  1928. 1:42:21So make sure
  1929. 1:42:29next
  1930. 1:42:33podcast. Thank you so much. See you. Bye
  1931. 1:42:36>> bye.
  1932. 1:42:39[Music]

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