Connect with us

Callum Connects

Lex Na, CEO of Bountie Pte Ltd

Published

on

Lex is the founder of a digital agency, a couple of e-commerce businesses and he has just started a gaming, tech, blockchain business, Bountie.io which is his main focus.

What’s your story?
I’m a workaholic, not because I’m forced to but I absolutely love the grind. I may be conditioned due to my previous gaming experience. We as gamers have to play long hours everyday to level up as the difficulty increases. Everything I do right now is a step towards the greater good.
I’m the founder of a boutique Digital Agency and a couple of e-Commerce businesses. I have been in tech for more than 10 years. Those businesses are currently automated to hand to my partners so I can solely focus on Bountie.io.

What excites you most about your industry?
Bountie is in the Gaming/eSports/Technology/Cryptocurrency/Blockchain industry. It’s a combination of all the things I love to do and have been doing since I was young. Right now it’s at the forefront of the world’s economy.
I love the crazy pace, the hype and the future of this industry and it’s drawing the best and the brightest, the upcoming generation that will be the leaders of our future.
Everyday there’s something new, different and revolutionary happening.

What’s your connection to Asia?
I was born and raised in Singapore. I have been to most parts of Asia and I have been learning and observing other cultures, languages and lifestyles. I have also been to Europe and America. I still love the diversity here.

Favourite city in Asia for business and why?
Singapore of course. It’s one of the many cities that’s truly efficient, meritocratic and frictionless. The only con is that it’s too small! Other than that, I love Singapore. We have great infrastructure and support. Low corporate taxes as well.

What’s the best piece of advice you ever received?
Live each day as if it’s my last. By Steve Jobs in his 2005 commencement speech in Stanford. Although I didn’t receive it personally, I took it to heart. I listened to that speech multiple times, sometimes putting it on repeat whilst I was working. I really believe in giving everything I have every single moment of my life. Because life is so fragile, you’ll never know when your last day is. So I live everyday without regrets.

Who inspires you?
As above, Steve Jobs. He has an amazing story. I read his biography, watched a keynote presentation by him, saw the movie about him. His ideology and way of life inspires me. His attention to detail and perfectionist mindset, resulting in a legacy that’s still impacting our lives until now.

What have you just learnt recently that blew you away?
It was from someone whom I just knew for an hour. He told me that if I can find happiness in the same thing that makes me sad, that’s when I truly would be happy. I didn’t understand until he explained further.
An occurrence may result in a few reactions to a person. You can either look at the positive side or negative side, both are dependant on you personally. For example, a difficult boss may result in you becoming a more detailed employee, but you only think about how miserable your life is under him.

If you had your time again, what would you do differently?
I would do all this again, if not I wouldn’t be at the stage where I am at currently and where I will be in the future. I believe every single step of the way resulted in who and what I am presently. The tough times I have been through, regardless of how bad it was back then, made me stronger. If I could go back and change it, take the easy way out, I’ll be a softer person now.

How do you unwind?
I have been practicing yoga and meditation for about 3 years now. These two activities allow me to slow down and maintain a sane mind from my 14-16 hours of work, Monday to Sunday. I would strongly encourage anyone interested to try a “Calm” mobile app, it has free content for you to try before purchasing their premium content.

Favourite Asian destination for relaxation? Why?
Langkawi Island in Malaysia. I unknowingly booked a flight there for my wife’s birthday about 2 years ago because it has a Starwood Hotel (I’m a platinum member). When I reached there I understood why it was one of the best islands to visit in Asia. The best experience I had was the island hopping on jet skis. We could ride fast and there weren’t caps like other touristy places and across huge distances with the guide. The waters were also clean and clear. A perfect getaway.

Everyone in business should read this book:
Tools of Titans by Tim Ferris. One of the many books of our time that would remain as a timeless classic for entrepreneurs and business owners. Great interview questions which reveal deep insights into the inner workings of each and every one of his guests. He also asks some similar questions to multiple guests, from there the reader is able to distinguish that there isn’t one fixed method that the successful people follow, but each of them have a different path. So follow the ones that resonate with you and you’ll still be able to reach the point of success.

Shameless plug for your business:
1. Advisors and Mentors – Industry experts who have been there and done that. We need your wisdom and guidance through this challenging path.
2. Investors – In order to achieve what we aim to in our projected timeline and pace, we need more money to give us the runway and fuel to do it.
3. Team members – We are expanding at breakneck speed, from 2 guys to now 24 people working to make Bountie a success. But in order to increase the speed of growth, we need more “A” players who share our vision and are willing to work hard together to make this happen.

How can people connect with you?
It’s usually the case if you want to reach out to people in a company, by emailing [email protected] So make a guess, drinks on me for the right answer.

Twitter handle?
Unfortunately I do not have Twitter nor Instagram. I do have Facebook (https://www.facebook.com/lexfromhotmail) and LinkedIn (https://www.linkedin.com/in/lexna/) if you wish to connect via social. From there we can connect and chat further!

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

Callum Connects

Jace Koh, Founder of U Ventures

Published

on

Jace Koh believes cash flow is the lifeblood of your business. Understanding it will enhance your ability to run and manage your business.

What’s your story?
My name is Jace Koh and I am the Founder of U Ventures. I’ve always been inclined towards investment and entrepreneurship. I’ve played a hand in starting businesses across these industries – professional services, cloud integration, software and music. I believe that succeeding in business is tough, but that’s what makes the rewards even sweeter.

What excites you most about your industry?
Everything excites me. These are my beliefs:

  • Why is accounting important?
    The accounting department is the heart. Cash flow is like blood stream, it pumps blood to various parts of the body like cash flow is pumped to various departments and/or functions in a business. It is vital to the life and death of the business.
  • Is accounting boring?
    Accountants are artists too. They paint the numbers the way they want them to be.
  • What makes a good accountant?
    A good accountant can tell you a story about the business by looking at the numbers.
  • Why is budgeting and projection important?
    Accountants are like fortune tellers, they can predict the numbers and if you wish to understand your business and make informed decisions, feel free to speak to our friendly consultants to secure a meeting.

What’s your connection to Asia?
I was born and raised in Singapore, and here’s where I want to be.

Favourite city in Asia for business and why?
Singapore is my favourite city. We have great legal systems in place, good security and people with integrity. Most importantly, we have a government that fosters a good environment for doing business. I recently went for a cultural exchange programme in Hong Kong to learn more about their startups. I found out that the Hong Kong government generally only supports local business owners in terms of grants. They’ve recently been more lenient and changed the eligibility to include all businesses that have at least 50% local shareholding. But comparing that to Singapore, the government only requires a 30% local shareholding to obtain government support. In the early days of starting a business, all the support you can get is precious. It’s great that we have a government that understands that.

What’s the best piece of advice you ever received?
The best time ever to plant a tree was 10 years ago as the tree would have grown so big to provide you with shelter and all. When is the next best time to plant a tree? It is today. Because in 10 years time, the tree would have grown big enough to provide you shelter and all.

Who inspires you?
Jack Ma. His journey to success is one of the most inspiring as it proves that with determination and great foresight, even the poorest can turn their lives around. I personally relate to his story a lot, and this is my favourite quote from him, “If you don’t give up, you still have a chance. Giving up is the greatest failure.”

What have you just learnt recently that blew you away?
I’ve faced multiple rejections throughout my business journey, and recently came across a fact on Jack Ma about how he was once rejected for 32 different jobs. It resonated very deeply and taught me the importance of tenacity, especially during tough times.

If you had your time again, what would you do differently?
Nothing. I live a life with no regrets. Everything I do, regardless of whether it is right or wrong, happy or sad, and regardless of outcome, it’s a lesson with something to take away.

How do you unwind?
I love to pamper myself through retail therapy and going for spas. I also make a conscious effort to take time off work to have a break outside to unwind as well as to uncloud my mind. This moment of reflection from time to time helps me see more clearly on how I can improve myself.

Favourite Asian destination for relaxation? Why?
Taiwan! Good food with no language barriers and the people are great!

Everyone in business should read this book:
I don’t really read books. Mostly, I learn from my daily life and interactions with hundreds of other business owners. To me, people tell the most interesting stories.

Shameless plug for your business:
We’re not just corporate secretaries, we’re “business doctors.”
U Ventures is a Xero certified advisory firm that goes beyond traditional accounting services to provide solutions for your business. You can reach us on our website: http://uventures.com.sg/

How can people connect with you?
Converse to connect. You can reach me via email at [email protected] or alternatively, on LinkedIn here: https://www.linkedin.com/in/jacekoh/

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

Continue Reading

Callum Connects

Ray Ferguson, Founder of Caber Partners

Published

on

Ray Ferguson left the banking world and returned to Asia to explore exciting fintech opportunities.

What’s your story?
I am the Founder of Caber Partners, a Singapore based MAS Licensed Fund Manager and Financial Advisor investing and working with companies focused exclusively on the intersection of finance and technology. I work specifically in the areas of payments, insurance, wealth management, alternative lending and blockchain.

I am also Chairman of Singapore Life which was founded last year. It is the first new local life company in Singapore. Concurrently, I chair Youtap a business which is creating a cashless e-money processing backbone providing real-time interoperable settlements of all consumer e-money payments to the merchants, e-money providers, retail and FMCG distribution groups, and banks across emerging markets.

My 30 year journey as a banker had its main leg with Standard Chartered Bank, where I held multiple country chief executive and regional leadership roles across four continents. I spent 6 years as Regional CEO, South East Asia and Chief Executive, Singapore. After Standard Chartered, I moved to Bank ABC, Bahrain and assumed the role of Group Chief Banking Officer where I took care of the group’s banking businesses worldwide.
Last year, I decided to step down after 3 years from my role with Bank ABC to return to Asia to pursue interesting and exciting opportunities that fintech disruption was providing.

What excites you most about your industry?
The sheer pace of technological innovation in the financial sector, and how it is up-ending the traditional models and traditional players. There are huge implications and benefits for efficiency, transparency and importantly financial inclusion which will drive growth in emerging markets.

What’s your connection to Asia?
I have lived in and worked in Asia for more than 30 years. I first came to Singapore in 1994 and today I am a proud Singapore citizen, and to me Singapore is home.

Its an invigorating environment. Asia is in the middle of an historic transformation. If it continues to follow its recent trajectory, by 2050 its per capita income could rise sixfold in purchasing power parity (PPP) terms to reach Europe’s levels today. It would make some 3 billion additional Asians affluent by current standards. By nearly doubling its share of global gross domestic product (GDP) to 52 percent by 2050, Asia would regain the dominant economic position it held some 300 years ago, before the industrial revolution. This is a big deal and I’m excited to be part of it!

Favourite city in Asia for business and why?
Definitely Singapore! Singapore is known for being a business-friendly country and it was crowned the best country in World Bank’s “Ease of Doing Business List” and ranks as the top 3 in the World Economic Forum’s “Global Competitive Index.” Singapore is an attractive hub, for both businesses and has a great community to live in.

What’s the best piece of advice you ever received?
Listen intently and you will know what you don’t know.

Who inspires you?
Nelson Mandela

What have you just learnt recently that blew you away?
That the global mobile wallet market was valued at approximately USD 594 billion in 2016 and is expected to reach approximately USD 3,100 billion by 2022, growing at a CAGR of around 32% between 2017 and 2022.

If you had your time again, what would you do differently?
I would have learnt to code.

How do you unwind?
Exercise, golf and sailing large catamarans.

Favourite Asian destination for relaxation? Why?
Phuket. Easy to reach, Thai people and service, breadth of choice of locations/accomodation and great sailing weather.

Everyone in business should read this book:
Good to Great – Jim Collins. It’s about how companies transition from being good companies to great companies, and how and why most companies fail to make the transition.

Shameless plug for your business:
Caber Partners team is uniquely connected with our networks and experience in fintech markets, investing and banking and business growth solutions throughout Asia and across the emerging world.

How can people connect with you?
Come connect with me through my LinkedIn at https://www.linkedin.com/in/rayfergusonscb

Twitter handle?
Rayferguson888

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

Continue Reading

Trending