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Vanessa Keng, Co-Founder of The Golden Concepts

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Vanessa Keng, co founder of The Golden Concepts, an e-commerce store selling products to enable ‘ageing well.’

What’s your story?
I’m Vanessa, co-founder of The Golden Concepts, an e-commerce store that curates products to enable ageing well. The idea behind our company first started when my co-founder Chang Xi and I went to Denmark on a university student exchange programme. We observed Danish seniors embracing ageing and living life to the fullest, while not being limited by mobility challenges. Upon returning to Singapore, we were inspired to bring home this positive and independent culture for the golden years. In 2011, we started The Golden Concepts, working from a small home office in Singapore. Today, we have an office, warehouse and showroom to serve our customers better.

In my free time I sing and play the guitar in local bars and pubs around Singapore. I started practising yoga two years ago and am now committed to practising four times a week.

What excites you most about your industry?
There is so much space for innovation in the eldercare industry, especially in Singapore. Even though we consider our country as being well-developed, most eldercare products available here have been around for decades with little or no improvements made in terms of function and design. There are many individuals and companies creating new solutions today which we are excited to introduce to our market to enable our seniors to age better.

What’s your connection to Asia?
I’m born and raised in Singapore, and Asia is such a unique part of the world that has so much to offer and grow.

Favourite city in Asia for business and why?
Singapore. It is easy to set up a business here and the high level of technology adoption makes it easier for e-commerce sites to reach out to their audiences.

What’s the best piece of advice you ever received?
“What’s the worst that can happen?”
When I was first starting out, everything was pretty much new and it was quite scary making mistakes. I consulted a wise friend (who had already started several businesses) about how I should proceed with a particular decision and he asked me, “What’s the worst that can happen?” “If you can accept the worst, then just do it,” he advised.

Every time I am faced with a difficult decision, I’ll ask myself this question. It may sound rather pessimistic, but this piece of advice has helped me to become more decisive and aware of the risks that I’m willing to take.

Who inspires you?
My parents! They are really cool. Even though both have opted for early retirement, they have busier schedules than most people I know. My dad turned 64 earlier this year and he rides his road bike competitively, and trains about five times a week with a bunch of younger guys. He also teaches ukulele to seniors, goes to the gym regularly, and practises yoga with my mom. My mom is 61 and loves dancing. She and my dad have been ballroom dancing for the past 14 years. She goes for Zumba classes twice a week. Even though she has osteoarthritis in her hip and knee, it doesn’t stop her from living an active lifestyle.

What have you just learnt recently that blew you away?
Take the time to discover what is important to you; don’t just go with the flow of what society or people around you demand from you. Then invest great time and effort into these things, and commit to them with discipline. I carry this commitment in all the things that are valuable to me; my loved ones, business and personal development.

If you had your time again, what would you do differently?
Looking back, I would have started my company earlier when I was still in school and not waited until my graduation. I believe the earlier you start, the earlier you fail and the faster you learn. For those of you thinking of starting a business, just go for it!

How do you unwind?
Yoga, reading a book, an occasional holiday surrounded by nature.

Favourite Asian destination for relaxation? Why?
Bali. Beautiful place and quite affordable.

Everyone in business should read this book:
Originals: How Non-Conformists Move the World by Adam Grant

Shameless plug for your business:
Visit our store www.thegoldenconcepts.com today and learn more about the innovative solutions we have to enable your loved ones to age positively and independently. We ship internationally too, so help us spread the word!

How can people connect with you?
Email me at [email protected] or follow me on Instagram @vernkeng

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

Jason Feng, Co-Founder of Pillpresso

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Mr. Jason Feng is re-engineering the healthcare industry.

What’s your story?
I am an engineer at heart. I enjoy the process of problem solving and have been actively developing innovative solutions to existing problems. Me and my co-founder settled on the problem of poor medication adherence among the elderly. This was a problem which struck a chord with us because we all have loved ones who have to take multiple medications on a daily basis. The complex medication regimen, coupled with declining cognitive abilities of the elderly tend to exacerbate the lack of medication adherence, which may lead to disease relapse and hospital readmissions, ultimately increasing the burden to caregivers and the society.

What excites you most about your industry?
The problem of medication adherence is not a new one in the healthcare industry. In fact, lack of medication adherence is a well-researched problem in many countries. Solutions which have been developed to address this problem face three major issues:

  • Entrenched mindset within the healthcare system, many of which are used to and unwilling to change from the legacy systems which were implemented decades ago.
  • Complex nuances in healthcare delivery across different countries, making it hard to “copy” and “paste” solutions which have worked well in other areas.
  • Because poor medication adherence is multifactorial, and many solutions focus solely on a few aspects, and do not employ a holistic approach.

Nevertheless, entering this industry at this time excites me because we are in the midst of a global shift in healthcare models; one where the industry is moving away from a service-based model, towards a more value-based model. This shift means that traditional players such as insurance companies and pharmaceuticals are under increasing pressure from patients and payers to demonstrate the value of their products under real-world use. Medication adherence data is one crucial missing link in this puzzle to deliver better care to patients. Being able to build a business around these incumbents and pioneer a new way of care is something which I look forward to.

What’s your connection to Asia?
I am a Singaporean. Most of my experiences throughout my life have been in Asia.

Favourite city in Asia for business and why?
I have not worked in other Asian countries outside of Singapore, so I can’t comment on other Asian countries too much. Singapore has a relatively low barrier for starting a business, and all business rules and regulations are clear and transparent. The startup ecosystem is also rather comprehensive and easily accessible. Being a small country, Singapore has a very limited market for products and services. However, due to its size and efficiency, it serves as an excellent test bed for new ideas. Being a travel hub, travelling to other Asian countries is cheap and easy.

What’s the best piece of advice you ever received?
Fail fast, fail often. The greatest lessons are never learnt through success.

Who inspires you?
Elon Musk

What have you just learnt recently that blew you away?
Successful launch of Falcon Heavy and the recovery of the 2 side cores. The way the 2 cores landed was like something you’d only see in CGI. Very well calculated.

If you had your time again, what would you do differently?
Applied for NOC (NUS Overseas College)

How do you unwind?
Go rock climbing.

Favourite Asian destination for relaxation? Why?
Nepal. I’m an outdoors guy. Being able to trek around the Himalayas is probably the best form of relaxation for me.

Everyone in business should read this book:
Creative confidence, by the Kelly Brothers

Shameless plug for your business:
Pillpresso is an award-winning health-tech startup that aims to improve medication adherence. We’re developing a medication management system that empowers seniors to manage their medicines independently and deliver proactive healthcare in the community through technology. Comprising individuals with complementary skills across business, engineering and medicine, our team is driven by a desire to improve healthcare and the human condition.

Grand Prize Winner of the 2017 Tech Factor Challenge
https://www.opengovasia.com/articles/8072-top-4-grand-prize-winners-for-3rd-edition-of-ageing-in-place-tech-challenge-announced-in-singapore

Grand Prize Winner of the 2015 Modern Aging
https://www.channelnewsasia.com/news/business/3-teams-receive-s-125-000-of-seed-funding-for-elderly-friendly-i-8246318

How can people connect with you?
[email protected]

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

Elizabeth Wu, Co-founder & COO of Trehaus

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Elizabeth Wu is making work-life integration a reality for working parents in her new family friendly coworking space.

What’s your story?
I co-founded a coworking space in Singapore that comes complete with a child-friendly facility. We’re the first of our kind here and we’ve been making work-life integration a reality for working parents since we opened.

What excites you most about your industry?
We are the first of our kind, and there’s no other coworking space like us. Sure, there are plenty of coworking spaces in Singapore, but we are the pioneers of championing ‘BYO-kid’ to work by creating a conducive workspace and enriching kids play, all under one roof.

What’s your connection to Asia?
I was born and bred in Singapore. I’m a local through and through.

Favourite city in Asia for business and why?
Singapore, of course! It’s safe, well-regulated and has a diverse community. Barriers to entry for starting up a business is low, and generally there is good support for small to medium enterprises and startups, which is great.

What’s the best piece of advice you ever received?
“Life is short. Do stuff that matters.” I think I decided to do “stuff that matters” a long time ago and that’s why I became an educator. When motherhood beckoned, I decided again, to do “stuff that matters” by staying home to be with my kids. Then, I began to desire a meaningful career while raising my kids. So, I decided to take the plunge into entrepreneurship, because I am governed by wanting to “do stuff that matters!”

Who inspires you?
So many people inspire me. My members at Trehaus inspire me with the things they do and the changes they make. But if I have to pick someone, it would be Elim Chew, founder of 77th Street; who is a seasoned entrepreneur. She started from humble beginnings, went through setbacks and never said never to new journeys in entrepreneurship. I love that she always looks for ways to give back to society and mentor the next generation with her wealth of wisdom and experiences.

What have you just learnt recently that blew you away?
I learned the 5-by-5 rule recently: That is, ‘if it’s not going to matter in 5 years, don’t spend more than 5 minutes being upset by it.’ This helps me puts things in perspective, and I try to remember this every time the urge comes to dwell, to brood, to beat myself up or to sweat the small stuff.

If you had your time again, what would you do differently?
I would definitely be more careful with the people I hired to build the team. I’ve learned that it is important to find and build an entrepreneurial team that will plough and work hard alongside the founders. Like Jack Ma once said, “Don’t hire the most qualified candidate. Hire the craziest.” I should have done that right from the start. It would save us so much time and heartache.

How do you unwind?
I take long walks to clear my or I go for a fruitful session of self care, like yoga or a massage.

Favourite Asian destination for relaxation? Why?
I really enjoy getting out of Singapore to the outskirts of Bangkok to live amongst the locals. My family of 5 used to do that each December; just taking off to live amongst the locals where street food is aplenty and warmth and hospitality is everywhere. I enjoy their slow pace of life and how simple things can be.

Everyone in business should read this book:
The Hard Thing About Hard Things, by Ben Horowitz

Shameless plug for your business:
Trehaus is Singapore’s first ever family-friendly coworking space that lets you build a career while prioritising family. If it takes a village to raise a child, then Trehaus is the modern village where you will find a robust community and supportive ecosystem that lets you be an involved parent – never missing a single milestone in your child’s early years – and at the same time do efficient and productive work. We’ve made magic happen in what we’ve created!

How can people connect with you?
[email protected]

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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