SINGAPORE — Creative Technology founder and one of Singapore’s greatest entrepreneurs, Sim Wong Hoo, has some advice for budding entrepreneurs.
Wearing one of his favourite T-shirts, he added he lived a simple life and ate whatever food his mother put in front of him. He is living proof of his own adage. His steely determination and single-mindedness let him bounce back from the tough times the company has faced in the past 38 years. Through it all, the bachelor has remained enthusiastic about work. His passion now revolves around his latest innovation – the Super X-Fi – technology that recreates a holographic sound experience on headphones. It bagged 14 awards at the 2019 Consumer Electronics Show in the US.“You need to face the consequences of your mistakes and learn from your mistakes. If you don’t make mistakes, you won’t learn anything, and you won’t grow up,” he said.
Sim observed that in Singapore drivers only do a U-turn if a sign allowing it is present, whereas in other countries drivers don’t do a U-turn only if there is a sign that prohibits them from doing so. The “no rule=no do” phenomenon paralyses people and inhibits creativity and initiative, he said. The bachelor added that he is open to sharing his stories and experiences, but he draws the line at telling people what to do.
The government needs to give entrepreneurs, who are competing with the big foreign companies and government-linked companies, more opportunities and not just grants, Sim said. In 1992, Creative became the first Singapore company to list on Nasdaq, and two years later it applied for a secondary listing on the Singapore Stock Exchange and raised S$230 million. By 2000, Sim was the Republic’s youngest billionaire at 45 on paper.
Source: Tech Daily Report (techdailyreport.net)
Feel sad for the dude
Agree totally
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