Finding that true north; When Tan Sri Lee Shin Cheng started his ice-cream business on a bicycle, nobody including himself expected him to become Malaysia’s fourth wealthiest man

Saturday May 4, 2013

Finding that true north

By CHOONG EN HAN
han@thestar.com.my

WE have all heard about the runaway success stories of entrepreneurs that made it big. Take Sara Blakely for example, the woman behind the success story of Spanx, in which she turned a US$5,000 investment into a billion dollar slimming bodywear empire.

The ones who made it always make the headlines but nobody knows how many entrepreneurs armed with game changing ideas that just fell flat.

That doesn’t stop people from going out on their own, but really, what does it take for one to take that leap of faith and delve into the unknown?My point is, if you have a great idea, there is no point in waking up one fine morning 20 years later pondering on “what might have been”. No amount of money in the world is worth more than being true to yourself. If you have a passion, just take what you love and make it what you do.

Do you think you have a great idea that could be turned into reality? Here are some thoughts to chew on.

The general rule for people starting off with a venture is to have a vision, set goals, and try to hit these perceived targets. Unfortunately, outcomes can’t be dictated by you but they are controlled by many external factors and environmental variables.

Although the ability to control is just a constant illusion, uncertainties are still shunned by businesses. Frankly, you just don’t really know how things will turn out until you reach that point in time when dreams have run astray. The greatest lessons in life are only learned the hard way.

But it is OK if outcomes can’t be controlled and not knowing what is in store. Instead, the excitement lies in embracing the uncertainty.

Not knowing what lies ahead is the awesome part of being a risk taker rather than being desk-bound and living life through monthly pay-cheques.

When Tan Sri Lee Shin Cheng started his ice-cream business on a bicycle, nobody including himself expected him to become Malaysia’s fourth wealthiest man after dabbling with different businesses including a pig farm and plantations. In his own words, “All I wanted to do was to become a school teacher and ride a Vespa!”

I vividly remember during school days when we had to dissect the meaning of Robert Frost’s poem, The Road Not Taken, and perhaps, for the young ones, this might just be your true north. When two roads diverge in a yellow wood, maybe the road less travelled might have just made all the difference.

Unknown's avatarAbout bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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