Business Success
It's been a while.
I just recently heard that a friend of mine got bought out by Groupon, in essence replicating the idea of "group buying" here in Singapore. Given that Google tried to buy Groupon for $6 billion, the offer Groupon made to my friend was pretty sweet indeed. Plus they made him CEO for their South-East Asia region!
It's funny cause I remember talking to him about it in New York, when he was getting himself set up and making trips to Singapore. It's fantastic to see him do good and achieve the success that he has received.
Of course this makes me think about getting myself started with some business ideas here. What it also made me realise was that it's all in the execution, even if the idea is modelled after someone else. Whilst the internet has made certain things easily accessible across the globe, there are still many location-based services that just need to replicated to a new location.
No doubt there will be sacrifices along the way. My friend dropped out of an INSEAD programme in order to get his business off the ground. What sacrifices would I be willing to make? Am I still too wedded to my job? I told another friend that my heart is still in my current job. Perhaps I need to accept that this job is what I want to at the moment...if that's the case, then I need to make sure that I am achieving everything I want to in this job.
3 comments:
Groupon's just approached us recently. I'd have had no idea it was that big, so there you go.
Do you wake up and want to attack the day or do you dread going in? I'm guessing closer to the former. Just enjoy it until you come up with that big idea or opportunity.
Replication of other's idea can be very rewarding. However a good acumen is necessary to pick up the right idea.
At an address to Stanford graduates, Steve Job said" Your time is limited,so don't waste it living someone else's life.Don't be trapped by dogma/which is living with the result's of others people's thinking.Don't let the noise of others' opinion drown out your own inner voice. And most important , have the courage to follow your heart and intuition They somehow already know what you truly want to become"
"Stay hungry. Stay Foolish"
These are words of wisdom .I agree with him and your friend's success is probably another example of following one's heart. However as a conservative person I always hesitate to say them because I still worry too much about failure.
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