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10 Compromises Never To Make On The Path To Success

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There’s no doubt success changes lives. For better and for worse. Everybody loves a great rags-to-riches story. But nobody wants to be the star of one that leaves behind a trail of destruction and regret.

Compromise gives birth to regret. Your journey is filled with decisions and opportunities to move forward and succeed. The tricky part is that the journey doesn’t always follow the script right? Compromise and sacrifices are inevitable. And it’s a fine line between compromises that are worth it, and those that hurt us.

Here are 10 compromises never to make on your journey:

1. Your Uniqueness.

Don’t let emulation turn into imitation. It’s been said a thousand times– find a mentor, connect with a likeminded community, emulate and learn from those you look up to. The problem is, you can become so likeminded that you lose yourself. Uniqueness becomes uniformity. That different angle you bring to the game is left behind.

It’s amazing that there isn’t anyone in this universe like you- exploit it, not erase it. Don’t compromise on being different.

2. Your Passion vs. Profit.

The guaranteed door to financial reward will present itself. But if it requires you to set aside your passion before entering, it isn’t worth it. Money without meaning doesn’t bring fulfilment. Of course, there’s nothing wrong with taking small jobs for the quick and easy buck, but when it comes to anything of substance- something long term, it’s gotta be driven by something you absolutely love doing. Compromise on profit, not your passion.

3. Your Health.

The all-coffee meal-plan should set off some alarm bells. Sleep, exercise, and nutrition are easily forgotten in the daily hustle. But they are integral to our success. These compromises will quickly bite you in the backside– when your immune system is weak and you’re stuck in bed.

Nothing wrong with snacking and eating on the go, but choose nutritional ‘real’ food instead of running by the fast food joint. Exercise and sleep are crucial for your brain. You know the ideal amount to function well– it could be 6 hours of sleep, and 20-minutes a day of exercise. Whatever it is, don’t compromise on it.

4. Your Family.

There is always more work to be done. If it comes down to squeezing extra hours in the office or playing with your children, set aside those hours for the family. You’re not going to be able to buy back your kid’s childhood. And don’t compromise on the date-nights you set with your spouse.

5. Your Honesty.

It’s easy to justify little white lies. But they alway snowball. Whether you are sharing statistics, numbers, and connections, don’t put honesty on the line to get ahead. Lying may get you one step forward, but that toxic inner conflict brings you three-steps back.

Don’t put a healthy inner self– your personal standards and integrity– on the line.

6. Your Vulnerability.

Ambitious people are born with a cape on. But it’s good to take it off once in a while. If you don’t allow yourself to be vulnerable and susceptible to mistakes and failure, you set an impossibly high standard that only hurts when you fall from it.

As you step out to take on the world, remember sensitivity and vulnerability open up helpful road signs for your emotions. Don’t shut off your emotions from being teachers in your life.

7. The Hard Road vs. The Easy Path.

Don’t compromise on your doggedness and grit in favour of safety and comfort. The funny thing is, when you choose the tougher route, you get to enjoy greater comfort. The bigger the risk, the greater the reward. Hard work has gotten you where you are now, don’t start compromising and looking for the easy path.

8. Your Sense Of Humour.

In a dog-eat-dog world, maintaining a sense of humour will be crucial– if not for success, most definitely for sanity. Haters will enter the picture and it’ll take every ounce of strength not to email and comment on what you think of them, and their mother.

You can be focused, driven, and determined, and still find time to laugh at life. You’ll either have to laugh, or pull your hair out at times. The former is recommended.

9. Giving back.

No doubt one of your initial motivations was to add value to the world and others. As you build your audience, more people will want your time. All of a sudden you’re too busy– for anybody. Mentor someone if you get the chance, take some time to give some free advice, send an encouraging email in the midst of all the busy work.

10. Celebrating.

Work hard, play hard right? More like work hard, no play for most people. Don’t compromise on opportunities time to stop and smell the flowers.

I flew out to beautiful San Diego to record an interview. I’d heard amazing things about the city. But I didn’t get to experience any of it because I just had to get back to my office to make edits and get the post live. I’m kicking myself for not taking an extra day to see the city.

Hustling and being productive are essential in this business. But when life experiences present themselves, make room for them and welcome them. That post can wait one extra day.

The body can endure compromise and the mind can be seduced by it. Only the heart protests. The heart.

– Jeanette Winterson

Callum Connects

Agnes Yee, Legal & Compliance Recruiter of Space Executive

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Agnes Yee started Space Executive in Singapore, which is a hub for businesses in some of the world’s fastest growing economies.

What’s your story?
After graduation, I joined a design media company as a Business Development Executive, during the era when ‘reading a magazine online’ was unheard of. I believe that laid the foundation for being unfazed by rejections.

I fell into recruitment pre-GFC and rode the highs and lows in the early years. A decade later, I decided to set up my own recruitment company, partly because I could. I’m acutely aware of the face that being an Asian female in Singapore is sometimes a privilege, and that many women in the world are living a very different existence.
Thereafter, we joined Space Executive as part of a merger. I am currently the Partner of Space Executive, a recruitment company focused specialist disciplines, including Legal, Finance, Digital, Sales and Marketing and Change. We also run Space Ventures, a venture capital business, which invests in seed and pre-series A businesses.

What excites you most about your industry?
On a daily basis, we’re influencing how one spends a third of their day. It is interesting how the Internet has transformed the industry, and I’m excited to see how we can harness technology to bring us to the next phase of this business.

The VC is an extension of applying our skills and experience in reading people. We very much invest in the people as much as the idea. Being a native Singaporean, it’s been exhilarating watching Southeast Asia becoming a hotbed of ideas; and young entrepreneurs simply daring to dream.

What’s your connection to Asia?
I’m a born and bred Singaporean. I love that I speak both English and Mandarin, grew up playing with Indian friends and eating Malay food.

Favourite city in Asia for business and why?
Singapore for the low barriers of entry to set up a business, but has to be China (and Hong Kong) for their hunger and constant innovation.

What’s the best piece of advice you ever received?
青春不要留白 which translates to ‘Don’t waste your youth.’

Who inspires you?
Anyone who has gone against the grain.

What have you just learnt recently that blew you away?
It wasn’t recent but reading the article on https://waitbutwhy.com/2015/12/the-tail-end.html never fails to blow my mind how little time we have left. Charting our lives in weeks, and realising I only have enough time left to enjoy 60 Christmas turkeys, read 300 books (all if I’m lucky); and mostly, I’m left with the last 5% of the time that I spend in-person with my parents.

If you had your time again, what would you do differently?
I’m cognisant that every decision I made in life has brought me to where I am today, and I wouldn’t change one thing. But I’d really like to have had more time to travel.

How do you unwind?
Exercise and wine.

Favourite Asian destination for relaxation? Why?
Trekking any mountain in Asia. It brings us back to the most basic. To overcome elements of nature and our own mind.

Everyone in business should read this book:
Start with Why, Simon Sinek

Shameless plug for your business:
Space Executive started in Singapore, a hub for businesses in some of the world’s fastest growing economies. We assist organisations in accessing a targeted and specialised, and often times transient talent pool.

Out of Singapore, we have recruited across 14 countries; and have embarked on our global expansion plans with offices in Hong Kong and London this year, and US, Japan and Europe in the following years.

Space Ventures provides funding, management and financial guidance to young businesses with original ideas. We have invested in peer to peer lending platforms, credit scoring, social media education, and other start-ups spanning diverse industries. We are always interested in hearing more about new ideas.

How can people connect with you?
https://www.linkedin.com/in/agnesyee/

This interview is part of the ‘Callum Connect’ series of more than 500 interviews

Callum Laing is an entrepreneur and investor based in Singapore. He has previously started, built and sold half a dozen businesses and is now a Partner at Unity-Group Private Equity and Co-Founder of The Marketing Group PLC. He is the author two best selling books ‘Progressive Partnerships’ and ‘Agglomerate’.

Connect with Callum here:
twitter.com/laingcallum
linkedin.com/in/callumlaing
Download free copies of his books here: www.callumlaing.com

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Callum Connects

Chrystie Dao-Szabo, Founder of iPayMy

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Chrystie Dao-Szabo founded iPaymy for Business – a secure and easy to use
platform enabling SMEs to pay rent, salaries, invoices, and even corporate tax using the credit cards they already have in their wallet today.

What’s your story?
I’m Chrystie Dao-Szabo, and I’ve worked as an international banker for over 22 years. During that time, I travelled through Asia, Australia and Europe, and everywhere I saw how my clients struggled with managing their finances and keeping cash around.

I wanted to use my experience to help them, but I also knew the solution they needed didn’t exist yet. This pushed me to give up on my secure career, and instead look into the innovative world of FinTech for an answer.

This is how I founded iPaymy – at its launch, a platform to help consumers pay their monthly expenses using their credit cards. We’ve grown a lot since, and today, iPaymy for Business is a platform that allows business owners to use their credit cards to pay for rent, salaries, invoices and taxes, freeing up their cash for business-critical operations.

What excites you most about your industry?
What excites me most about FinTech is it’s culture of constant disruption, thanks to cool and innovative products and services coming out every day.

What’s your connection to Asia?
I was born in Vietnam, grew up in Australia and worked in Asia, Europe and Australia. Being raised by traditional Vietnamese parents meant that deep down I was still an Asian at heart, so I have a strong connection with the region.

Favourite city in Asia for business and why?
Singapore of course. It’s easy to do business, English is the main language, and the infrastructures like public transportation are great. Also, the government supports local innovation in multiple ways, like giving grants for SMEs and FinTechs.

What’s the best piece of advice you ever received?
Keep giving, and one day you will receive.

Who inspires you?
My parents. My father had a successful business in Vietnam just before the fall of Saigon in 1975. After the war, my father was sent to a re-education camp for three years, which meant my mum had to bring up two young kids – a 3-year-old, me and my 4-year old brother on her own.

In 1980, we all fled Vietnam on a boat and arrived in Sydney, Australia via refugee camps in Indonesia and Singapore. There, my parents had to start over with nothing to their names and only AUD 50 given to them by the Australian government.
They went on to build several businesses in Australia!

What have you just learnt recently that blew you away?
The number of young and smart people who have carved out successful careers by founding their own startups (or joining really cool ones). When I was starting out my career, doing any of these was not a viable option; it was either working for an accounting firm, an insurance company or a bank.

If you had your time again, what would you do differently?
If I were starting out my career now, I would choose the path of joining a startup as you get to learn so much about running a business and how to assemble a winning team.

How do you unwind?
I like travelling to a beach or a resort destination and just relaxing by the pool or beach. I also like to unwind after work with a glass of champagne or wine, and a bowl of truffle fries.

Favourite Asian destination for relaxation? Why?
Thailand. I love the people and the spicy Thai food.

Everyone in business should read this book:
The E-Myth. It’s a book series that dismantles common myths about entrepreneurship in different industries.

Shameless plug for your business:
With iPaymy for Business, SMEs can pay rent, salaries, invoices, and even corporate tax using the credit cards they already have in their wallet today. SMEs love iPaymy because it works like a credit card, but pays like cash.

iPaymy’s secure and easy to use platform reliably delivers payments to vendors while freeing up cash and providing access to interest free credit. Forget the delays and aggravations that come with traditional SME financing options. Schedule recurring payments, manage invoices, set payment reminders, and monitor payment status all from one dashboard.

It’s never been easier for SMEs to meet monthly payment obligations while keeping cash available to fuel growth, bridge receivable gaps, and make immediate investment in the supplies, services, and expertise needed to drive a growing business forward.

How can people connect with you?
You can find me on LinkedIn or contact me by email.
My LinkedIn: https://www.linkedin.com/in/chrystiedaoszabo/
My email: [email protected]

Twitter handle?
https://twitter.com/ceedeees

This interview is part of the ‘Callum Connect’ series of more than 500 interviews

Callum Laing is an entrepreneur and investor based in Singapore. He has previously started, built and sold half a dozen businesses and is now a Partner at Unity-Group Private Equity and Co-Founder of The Marketing Group PLC. He is the author two best selling books ‘Progressive Partnerships’ and ‘Agglomerate’.

Connect with Callum here:
twitter.com/laingcallum
linkedin.com/in/callumlaing
Download free copies of his books here: www.callumlaing.com

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