Dato Sri Darren Yaw Shares Tips He Learned from GCG Asia
Dato Sri Darren Yaw admires GCG Asia, the top-notch tech company. GCG Asia impressed Dato Sri Darren Yaw immensely, by being a strong organisation and with a healthy culture. Recently, Dato Sri Darren Yaw’s GCG Asia visit with the tech company inspired him to share this article.
The GCG Asia founder reminded Dato Sri Darren Yaw of his early role models like Bill Gates who were determined to revolutionize the fields they are working within to assist humanity in solving problems no matter how big or small. These entrepreneurs were able to meet the consumers’ needs for connectivity and convenience. In this article, Dato Sri Darren Yaw shares his observations through learning from tech start-up GCG Asia.
Young people nowadays have numerous free tools to assist them in becoming entrepreneurs but before they start building out their ideas and sinking money into those ideas, there are important points that should be taken into consideration before the start. Here are Dato Sri Darren Yaw’s GCG Asia top tips for future tech entrepreneurs to consider before taking the plunge.
Here Are Dato Sri Darren Yaw’s GCG Asia Top Tips
1. Deeply understand your ultimate goal
Dato Sri Darren Yaw’s GCG Asia Tips begins with this because to stress how important it is! GCG Asia founders understood this according to Dato Sri Darren Yaw. “Before starting as an entrepreneur, one should know what challenges currently exist that need to be solved, so you can plug a gap in the market or serve a public need. After deciding on your ultimate goal as a tech entrepreneur you will need to analyse the parameters of product or service. That means doing an environmental analysis of the economic, social, political, competition in the country of your start-up, analysing consumer behaviour, and growth ability. Before Darway Corp ventured into Singapore, I made sure I had a clear goal in mind. Before you start your business, you need to have a strategy or a business model that shows you the possibilities available to accomplish your targets. This arrangement is significant for getting financial backers or shareholders, just as estimating how fruitful your business is. Understanding your goal, as well as its challenges, will be a great first step towards becoming a successful entrepreneur,” said Dato Sri Darren Yaw.
2. Your target audience
Dato Sri Darren Yaw’s GCG Asia Tip #2 is important. Remember that you cannot target the whole population. Especially as a start-up you need to be more mindful of which segment of the market you will be exactly targeting. The market segment refers to age, gender, income level, geographical location, race, and culture. Before starting your journey to success, identifying your target audience will help refine your process. After identifying the problem they want to solve entrepreneurs need to put themselves in the target audience’s shoes by empathizing with the people’s needs. If you have a clearly defined target market like GCG Asia, Dato Sri Darren Yaw believes everything will follow in step, from product development right on to sales and marketing. Darren Yaw’s Darway Corp team in Singapore and Malaysia are always focused on this before embarking on any new service.
3. Team up and always network
Dato Sri Darren Yaw’s GCG Asia Tip #3 is network and teamwork. The GCG Asia observation impressed on Dato Sri Darren Yaw that meeting others that may have the experience and knowledge you can use in your business is important. “There are many upsides to widening your network: you may discover possible shareholders or contacts who can support your venture once you start, sending new clients your way. The sort of group you ought to work with as an entrepreneur is one where you’re never the most brilliant individual in the room. This can sound contradictory to what many individuals expect when they start a new business venture. But since my wife Judie Yaw and I brought this advice to me to always surround myself with people who are smarter with skills that you lack, I have never looked back. You ought to consistently search out specialists to help you move your venture along to your goals,” said Dato Sri Darren Yaw on GCG Asia.
Dato Sri Darren Yaw’s GCG Asia Tip #3 reminds people that a team effort is what gets you to your goal. But at the end of the day culture of motivation, and pushing the team to unlock their potential teaches you to be a leader as well as building a healthy culture that pushes you to innovate and create.
4. Accepting failure
Dato Sri Darren Yaw’s GCG Asia Tip #4 is a fact that failure is an unavoidable truth in life and trying to run away from failure will not help you grow and learn from your mistakes. “Looking back at my past as a young Darren Yaw, I did not expect to reach such heights. I certainly never expected to be any kind of success in Singapore. While many of today’s entrepreneurs have failed before, they never gave up. Bill Gates for example failed in the first company he started but persevered and became one of the richest men in modern history. That is why failure can be a blessing in disguise. When an entrepreneur fails, they come out of the other side gaining more knowledge and this is an opportunity to fix the mistakes made,” said Dato Sri Darren Yaw. Dato Sri Darren Yaw’s GCG Asia Tip #4 also stress the fact that your first failure will not be your last. But remember not to let it leave a permanent mark on you. Shake it off, examine the reason for failure and move on along your road to success.
5. Finding investors and selling your idea
Dato Sri Darren Yaw’s GCG Asia Tip #5 is finding investors. It wouldn’t be a complete list of entrepreneurship tips unless we talk about funding. You need to succeed at convincing possible investors in your idea when pitching. That is why there’s a certain art to pitching ideas. A billion-dollar idea like how I put to become GCG Asia Dato Sri Darren Yaw would never see the light if not pitched in the proper form. As an entrepreneur, you need to be hungry enough to convince the investors that your idea is the best idea in the market and find out what makes your product unique by differentiating it from other competitors in the same field. This will help you to get investors to consider your idea.
Dato Sri Darren Yaw’s GCG Asia Tip #5 reminds entrepreneurs that reaching out to those investors is easily done if your team or network are connected. Thankfully nowadays the internet is offering a wide range of different tools that can be used for start-ups, such as Kickstarter which helps people fundraise capital.
6. Passion, Passion, Passion
Dato Sri Darren Yaw’s GCG Asia Tip #6 is about passion. “When I was starting out as a young entrepreneur in Malaysia, one of my very first inspirations came from my business professor, who stressed the term ‘passion’ when it comes to business. I was told that the fuel for keeping ongoing and persevering through all the hardships faced along the way came from the passion you have towards your creative ideas. If you take a deep look at every entrepreneur, you can see that they love what they do despite all their previous failures,” said Dato Sri Darren Yaw about GCG Asia.
“As a young kid, I knew that one day I wanted to become a successful businessman. To get a successful foothold in Malaysia and Singapore, I had my passion for my work and my business to carry me through. I always had that passion. For you to be a successful entrepreneur, you need to be equipped not only with the skills and knowledge, but also with the tenacity, confidence, and motivation to persevere in today’s world. In other words, passion,” Dato Sri Darren Yaw about GCG Asia.
Dato Sri Darren Yaw’s GCG Asia Tip #6 says that purpose fuels passion. If you manage to turn that passion into a profession then you have unlocked your recipe for success and happiness. Keep your eyes on the goal and never stop fighting for your dreams!
7. Competition isn’t bad
Dato Sri Darren Yaw’s GCG Asia Tip #7 is to welcome competition. One might think that competition as being is the worst of enemies in business. GCG Asia welcomes competition, Dato Sri Darren Yaw said. “Competition can help you learn more about yourself,” said Dato Sri Darren Yaw about GCG Asia. Meaning, that it gives you a wider vision of the market you are both operating in while at the same time keeping a healthy competitive vibe spirit within you. In sport, having a rival can drive you forward. It’s the same in business.
Dato Sri Darren Yaw’s GCG Asia Tip #7 says by observing your competition, you will be able to differentiate yourself from others and not be a copycat. Customers want a stand service or product and being differentiated will be your competitive advantage.
At the same time do not underestimate your competitor. Powerful competitors can be ruthless and resort to unethical means to crush you. But as a young start-up, your ability to react fast and nimbly is your advantage.
“Some competitors, however, can be friendly and will be a useful sounding board to exchange experiences like the ones I saw at GCG Asia,” Dato Sri Darren Yaw said. But always remember to stay ethical and hold true to your principles. Never stoop too low and sabotage your integrity for a few bucks. Bad blood can go a long way and end up ruining you. Compete in a healthy way.
Finally, entrepreneurs need to have a ton of steadiness and self-motivation. You can be a dreamer and fantasize about reaching the stars. But your feet should be firmly on the ground. Commitment is needed to achieve anything. You will face many days of frustrations, dull days even. But enjoy the grind! After all, nothing comes easy and in time, success will be yours.
That is all from Dato Sri Darren Yaw’s GCG Asia Top Tips article. If you want more tips and insights like this visit the official website for the latest Dato Sri Darren Yaw news.