Archive | November 5, 2017

Entrepreneur Make It Big in Restaurant Business Is Now Venturing Into Internet Marketing Business

It is always inspiring to hear personal business stories of entrepreneurs who overcame all odds and doubts in venturing into business and make it big. Last Sunday, I just read about how a 35 years old Thai Express Founder Ivan Lee, who started his F & B business with $300K and eventually sold his controlling stake for a sizeable $114 million in the process netting himself $80 million.

What was even more impressive was Ivan had no background or experience in F & B business before he first ventured into his first F & B business. Despite all his doubters, including his family members, about the viability of his business when he first started, he persevered and carried on. Apparently, his father-in-law was also a successful entrepreneur who founded the contract manufacturing firm JIT Holdings and sold it to Fortune 500 company Flextronics for $1 billion in 2000. This deal netted the senior Mr Goh some
$300 million. When starting out, he had benefitted from the financial and advisory support given by his father-in-law, but, subsequently, he went against his father-in-law advise by venturing into other restaurant businesses which were highly successful and are now contributing about two thirds of the business turnovers. An element of luck also play an important part in his business success as he had opened close to 100 stores but about 10 to 20 percent of the stores were not profitable. So he was lucky that his first 10 ventures were successful which provided the cash flow for his subsequent business expansion.

He is now venturing into the internet market in China despite not being in the IT industry. When The Sunday Times journalist contacted him, it found the entrepreneur in Shenzhen, experiencing growing pains all over again. He says that his friends and family are again doubting his new venture. His remark was: “I am a rooke now playing in a much bigger league and I feel like I am nine years back, starting all over again.” This young millionaire is setting his eye on his next big venture where he wants to build the next Baidu (China’s equivalent of Google) or even the next Facebook.

Lesson learnt: To make it big in business you need to be bold, have perseverance and be unique and certainly having financial support from family helps and also an element of luck. He is certainly one hack of a brave entrepreneur!

My advise is learn about internet and social media marketing before plunging into the business and be better prepared for your business venture into the internet marketing world. I am making use of my internet skills to help develop and launch community websites Henley Brunel MBA Alumni (Singapore) and other commercial websites for corporate businesses.

Good luck to all of you out there running your start-up businesses!

Video Conferencing – A Cutting Edge Technology For Banking And Financial Sectors

Nowadays clients hope to accept faultless and customized administrations in a manner that is advantageous for them. Feature correspondences can help Banks to enhance their client’s administration experience. Today video conferencing software might be custom-made to the Banking business through the procurement of video in their bank branches where physical staff may not generally be accessible. Master staff might be located at headquarters whether they are in Mumbai or Atlanta, and clients can have an entry to up close and personal counsel via virtual meet up from their nearby bank branches as and when they require it. Along these lines clients can even get access to nearby discussion whenever and in their native language.

Establishing a video communication channel in the bank branches, remains as a best administration tool to control key variables, including client, counsel, and other staff experience; endpoint interoperability; security; protection; confirmation; and necessity associations.

There are numerous ways for retail banks to build income and separate themselves through conference based banking services. The potential benefit of adopting video conferencing solution for banker would be the capability to scale the provision of expertise. Through this technology the financial institutes are able to reduce drastically their operational costs thereby increasing the revenues.

for banking sector not only to save time and money, but also to enhance the amount of customer acquisition. The following is the various ways where video conference is being used in financial institutes:

Banking sectors are providing one click access to their clients and prospects to avail anytime the online customer and technical support services.

Conducting webinars and online seminar session with client and prospects, regarding the terms and conditions of a policy

Through this solution the clients are able to connect instantaneously with the respective account manager and product experts.

24/7 face to face counseling and customer services

Virtual product trainings to branch offices around countries, by conducting training sessions virtually the banking sectors are drastically reducing their operational costs.

Effective communication and collaboration platform for internal communications

Loan Interviews: Loan interviews are the most common and the significant aspect in banks wherein, the customers are interviewed in such a way to explore whether the customer have the credibility to retrieve the loan. In this process, clients will be asked to submit the required documents, which serve as a proof that the client is capable to fulfill the loan installments. Normally this is done in physical presence. With the aid of interactive features in Video conferencing technology, the clients can share all important documents virtually live during the time of interview. The interactive feature of video conferencing solution includes file sharing, application sharing, desktop sharing, whiteboard sharing and co-browsing.

Finally, it can be ended that b> is a secured platform for communication for banking sectors to have confidential communication within the bank auxiliaries and with the customers. This solution has proven to deliver high ROI (Return on Investment).