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William Liusudarso, Co-Founder & President Director of Easton Urban Kapital

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Going from small to large in the real estate world. William Liusudarso shares his story.

What’s your story?
I started my career in property in 2011. I was 21. I founded a small real estate development company supported by a group of close friends and families, which is now recognised as PT Easton Urban Kapital. We develop boutique commercial complexes and boutique residential clusters that are committed to creating stylish and attractive good-value properties for our customers. We are protective of the company’s brand image. Quality is paramount and we maintain standards by having the company’s building contract work done in-house, with costings, programming, quality control, design and finish, mostly handled by our internal team.
Our vision for the company is to become like a hedge fund for property development, where we gather funds from investors to work on selective valuable projects that align with our idea of development. We’ve done this on several projects and the result is great. Our investors are very happy with their internal rate of return and the customers are satisfied with the products we’ve built.

What excites you most about your industry?
We cherish the opportunity to contribute to the society by developing beautiful aesthetic buildings that people can enjoy and will last for years. The process of designing each of our projects is fun. We enjoy working with our partnering architects and engineers to design beautiful projects with a well efficient workflow and budget.

What’s your connection to Asia?
I was born in Indonesia. I was raised in Palembang, a small city in the southern part of Sumatera, then moved by myself to Jakarta for high school. After I graduated from University in the US, I started my career in private equity and later started my company in Jakarta. I believe this is the city for dreamers, the city that knows no limits, where anyone can make anything happen.

Playing with Baby Sho

Favourite city in Asia for business and why?
My favorite city for business is Singapore. The government is very pro-business. It’s the easiest place in the world to set up and manage a business. The tax system they offer is also favorable for businesses; low corporate tax, no capital gain and only 7% VAT. I really think, the government set a smart policy to attract new businesses.

What’s the best piece of advice you ever received?
“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.” Warren Buffett’s words. I am a big fan of his work and philosophy. I believe good reputation and integrity are the strongest assets a businessman can possess. On the other hand, you just need to take one unethical or dishonest decision to ruin the entire good reputation you’ve built.

Who inspires you?
My father took my first name from William Soeryadjaya, an Indonesian businessman whom I have the utmost admiration for. He built his business, Astra International from scratch into one of the most valuable companies in the country. He built his business with integrity, honesty, and hard work.
His integrity truly shines in the hardest times. In 1992, he made a decision to sell his ownership to rescue his eldest son’s bank from crisis. He personally guaranteed all the depositors and they received their money back, with interest, without using any bailout package from the government at the expense of losing Astra.

What have you just learnt recently that blew you away?
I attended a seminar recently in which the speaker was a very successful real estate developer and has built several prestigious projects. He advised us when dealing with land acquisition to, “buy it at the highest rate and sell it even higher,” maximising the value-add for the offer. Contrary to my thoughts on buying low and selling high.

If you had your time again, what would you do differently?
I would change nothing, since I have learnt many things from my past. It has strengthened me as a person, helped me discover my weaknesses and taught me things that brought me the most joy in my life.

How do you unwind?
I have a few rituals to help clear my mind. My two most favorite things are to play with my daughter and go running with my headphones on. I also regularly read books at night to help me to sleep better.

Favourite Asian destination for relaxation? Why?
Japan. My wife studied in Kyoto for a year so I had the opportunity to visit. I love the kindness and friendliness of Japanese people. I love their food as well. Ramen is my favorite choice of a meal. My favorite spot to hang-out is Yoyogi Park in Tokyo. It’s a great place to go for a picmic, for relaxing and doing other outdoor activities.

Everyone in business should read this book:
How to Win Friends and Influence People by Dale Carnegie
Good to Great by Jim Collins

Shameless plug for your business:
Check our real estate projects at www.eastonurbankapital.com or follow our instagram!

Easton Project

How can people connect with you?
You can email me at [email protected]

Twitter handle?
@williamlius

This interview was part of the Callum Connect’s column found on The Asian Entrepreneur:

CallumConnectsCallum Laing invests and buys small businesses in a range of industries around Asia. He has previously started, built and sold half a dozen businesses and is the founder & owner of Fitness-Buffet a company delivering employee wellness solutions in 12 countries. He is a Director of, amongst others, Key Person of Influence. A 40 week training program for business owners and executives.

Take the ‘Key Person of Influence’ scorecard <http://www.keypersonofinfluence.com/scorecard/>

Connect with Callum here:
twitter.com/laingcallum
linkedin.com/in/callumlaing
Get his free ‘Asia Snapshot’ report from www.callumlaing.com

Callum Connects

Brad Adams, Managing Director of Ocean Grown Abalone

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Ocean Grown Abalone’s, Brad Adams is revolutionising abalone production in a clean, green and sustainable way off the south west coast of Australia.

What’s your story?
I grew up in the remote town of Augusta in the very south west of Western Australia where the Southern Ocean meets the Indian Ocean.

My family have a long association with aquaculture and the fishing industry. I’m a 3rd generation fisherman and my father founded the commercial wild abalone diving industry in Flinders Bay in the 1960s.

I followed an aquaculture route, and after I completed my studies in Tasmania, I returned home to start the development of a new technique of growing abalone.

After close to 20 years researching, developing and inventing a new technology, OGA’s sea ranching technique was born and the ‘abitat’ was developed.

Sea ranching is an aquaculture technique where hatchery bred juvenile abalone are placed on OGA designed artificial reefs, ‘abitats’, which are placed in the ocean and left to nature to grow for 2-3 years until they reach a marketable size. They feed and survive in the wild.

The abalone produced from the sea ranch is identical to the highly sought after wild catch product, but has the competitive advantages that only aquaculture can provide. OGA can supply year round to meet market demands to whatever size or product specification the market requires.

Importantly, the sustainability of the abalone using the sea ranching technique is proven and monitored on an ongoing basis. Monitoring the ‘abitats’ and the sea ranching technology is paramount to OGA.

What excites you most about your industry?
That we can grow a premium seafood product which is highly revered in Asia, in a sustainable and environmentally friendly way. The sea life we are seeing in Flinders Bay now that the reefs are down is incredible. We are seeing many different types of fish which were no longer in the bay as well as plenty of sea grass creating an underwater sustainable ecosystem.

What’s your connection to Asia?
I am born and bred in Augusta in WA. OGA exports premium greenlip abalone to Asian markets including Singapore, Hong Kong and China.

Favourite city in Asia for business and why?
Hong Kong. It has a strong seafood (especially abalone) culture developed with Australian exporters over many years. Also the buyers are great; relaxed people who enjoy having a good time showing you their amazing city.

What’s the best piece of advice you ever received?
You only live once, so always follow your passions.

Who inspires you?
Andrew Forrest – his single minded purpose and determination, and how he uses his wealth to improve the lives of others.

What have you just learnt recently that blew you away?
Banging your head against a wall burns 150 calories per hour.

If you had your time again, what would you do differently?
There are many things I would do differently if I had today’s hindsight as foresight, however all my mistakes, successes and decisions have made me the person I am today. I am comfortable with that.

How do you unwind?
I am a keen surfer. Being at one with the ocean is important to me.

Favourite Asian destination for relaxation? Why?
Lembongan, Indonesia. Great waves, great food, great people

Everyone in business should read this book:
Grit – Angela Duckworth
“Success is the result of passion and persistence, not talent and luck.”

Shameless plug for your business:
OGA have developed the world’s first commercial greenlip abalone sea ranching facility. We build our own artificial abalone reefs (called abitats) on our leases in the pristine waters of Flinders Bay. We place hatchery reared juvenile abalone on them – then let nature (with a little help from our divers) do the rest to produce this marine delicacy. A totally natural, ‘wild-harvest’ product. Because we have some control of the process we can harvest to market demand to whatever size the market requires. We call this aquaculture technique sea ranching.

This video explains the business in 7 minutes: https://vimeo.com/225797022

How can people connect with you?
Email: [email protected] or
Facebook: https://www.facebook.com/oceangrownabalone/

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

Lex Na, CEO of Bountie Pte Ltd

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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

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