Tuesday, November 12, 2013

Speech at Ngee Ann Polytechnic Book Prize Ceremony on 12th November 2013

What prompted you to take on this road (Of Social Entrepreneurship) very early in your career although you were trained to be accountant?

Like many social entrepreneurs, the reason why I started Envisage was a very personal one. Prior to starting Envisage, I was already heavily involved in social entrepreneurial projects through Enactus (Or formerly known as SIFE) for over 6 years. Discovering that I have the talent and ability to change people’s lives through the positive power of business in a much more sustainable way, truly inspired me to expand the possibilities of my own potential to be an individual of influence.

Nonetheless, it did not take me long before I realized that trying to change a world by my lonely self, was indeed too lofty a goal. I am but a man, with limitations no matter my past accomplisments. It was then that I thought to myself, “Why not attempt to motivate others to do the same? Was the responsibility of making a difference a job of my own?”

As such, I soon decided to shift myself away from being the person who does everything, and to instead learn to motivate others to be involved and empowered to effect positive change! The famous “fishing analogy” is rather fitting in this context and that’s what I am trying to achieve. If everyone strives to do something positive for their society, no matter how small the scale, we can all live in a better one.

Defining Success

Success, does this mean obtaining vast sums of wealth? Does it mean leaving behind a legacy? Or gaining the best academic results and achievements for one’s own personal prestige? Perhaps it is the tingling feeling one gets when he or she helps someone in whatever shape or form? The list goes on and that’s the wonderful thing.

Success can manifest itself in a myriad of shapes and forms. I have come to realize that the definition of “success” comes down to relativity and what one’s personal dreams and aspirations are.
If you haven’t put together a mental picture of how you endeavour your life to be, it is paramount that you take a step back and do some serious soul searching. You do not want to end up with a death-bed regret of living in someone else’s dream instead of yours.

Do not force yourself to live in other people’s measure of success. Instead decide for yourself, “What motivates you? What makes you tick? What makes you happy and satisfied?” For whatever you decide, someone will surely disagree with you. But have the confidence to realize that “It’s ok!” to think for yourself.

It can often be mistaken to assume that the CEO of a MNC has achieved more “success” over a worker at a barista or has done better than a social entrepreneur (wink wink). However, it would probably be a surprise to you that he might be much less satisfied than the common man. I have met many high achievers in life who quickly realize that after all the wealth they have accumulated; they have learnt a few lessons about themselves:

1. It was never about the wealth, as it will never “Be enough”
2. It was always about what they were truly passionate about that drove them to do soooo well it what they have set out to accomplish!

Many of you here are high achievers too, well, at least academically. I applaud you for that, and there is no shame to give yourself a pat on your back for what you have accomplished. But one must remember to not stick his or her head in the clouds for too long. There are those that you have relied on for you to get this far. Your parents, your lecturers, your friends and probably many others. It is through their fervent support that you have achieved so much, for no man is an island. Hence, do remember that when you get the chance, go to those who have helped you and Thank them for what they have done for you! Nonetheless, remember this life-long lesson that only after I’ve experienced countless set-backs to realize, “Being humble is not about making yourself lesser as an individual, but making things less about you.”

The Courage to Do it!

On the note of accomplishments. An extremely memorable advice given to me by my mentor, Jack Wang, an extremely successful entrepreneur, was this…. “Stanley, due to your courage to defy the impossible, you will soon realize that the entire universe will come together to conspire in helping you succeed.”
Back then when he first said this, my immediate reaction was “Why?!”

His answer was simple. “Just experience it and get back to me when you have found the answer.”

Remarkably, the answer quickly emerged within the first few months of my endeavours. It is in the midst of all the drama…

1. Attempting to reach out to 3 thousand youths in Singapore towards effecting social change over the last 3 years
2. Being selected to represent the youth voices in the Our Singapore Conversations
3. Nominated to represent Singapore in the 7th UNESCO youth forum in 2011

That I came to realize that despite my own constant feeling of inadequacy standing shoulder to shoulder with illustrious youth leaders from all over the world, or discussing national issues with ministers, did I discover that it was the mere “courage” to take on increasingly seemingly insurmountable challenges which allowed me to keep growing from both my failures and successes.

It was the courage to envision what our society should look like, and the greater courage to pursue that vision, as well as the radical enthusiasm I have in imparting my vision to others that I have managed to inspire many others to follow and serve the community in the way which I’ve attempted to.

So I come with this message, to ask you to keep the courage in your hearts alight.

Dare to dream big and have the guts to do what you have the passion and desire for.

As Plato once said “Courage is knowing what not to fear”. Fear not the possibilities of failing, instead focus on what you can achieve!

Tuesday, October 1, 2013

Tuition a definite necessity in Singapore?

Referring to the article I read on Today's newspaper: http://www.todayonline.com/singapore/why-parents-need-tutors-do-job-parents

I felt that the writer has put up some really pertinent points regarding why tuition is often seen as a almost definite necessity for Singaporean kids.

Having taught in a tuition center before, many parents do subscribe to such services, partially so that we can act as a 'day care' or homework supervision services. This is to 'outsource' the need for themselves to worry or lecture their kids on whether they have finished their homework.

Such situations are commonly observed and mostly seen as a necessary evil;

  • Regardless of how good the tutor actually is at teaching
  • Regardless of whether the kid is effectively learning (Being exhausted from an entire day of class)
  • Regardless of how much it cost!
  • Regardless of whether the kid is learning what he should, or is he simply downloading content which will only be useful for the exams, which might be forgotten a few weeks later...
As these debates on the necessity of tuition or call for greater regulations of private tuition arises, a higher-level of consideration should perhaps be about how we as a society can disassociate 'academic performance' with 'the potential for success'. This is because even if a student does fantastically well in primary or secondary school, if they have never learnt how to learn or acquired a higher purpose/motivation to learn, they will never really become self-motivated to succeed. Instead, a generation of youths that dreads the local education system will be bred, fueled with the misconception that their academic achievements will provide them the sure chance of success.

Truth be told, 'Yes' technical/academic knowledge or specialized skills are required for someone to succeed in the earlier parts of his career. However, a person who has ability to be creative and innovative, the social emotional skills to manage one's own state of mind/emotions and that of others, as well as the leadership skills and courage to lead and serve are character attributes that takes a life-time to develop. Of which, I have utilized within my business and community work to outperform that of my peers in their respective careers. Even during my polytechnic and university days, these soft-skills and understanding of how the real world works, enabled me to differentiate myself from that of my peers and excel in other ways, and scored comparatively well in academic projects or even exam answers.

Although some might argue that you can have your kids get engaged in tuition and at the same time put them through enrichment classes or camps to acquire soft-skills/the right character, being an educator/coach of non-academic programs in schools have made me realized how students naturally prioritize the learning of academic content over these much more important life-skills! And this is not the fault of the students, but that of an education system and parents who made them feel that doing well in exams is everything..!

An entire shift in the educational approach of our nation has to occur, if we are to have the confidence of nurturing a truly competitive workforce of the future.
Higher level management positions and many future careers that might arise, will require much more soft-skills rather than the hard-skills gained from textbooks. If we keep harping on the need to maintain our 'academic competitiveness', we will definitely lose sight of the purpose of a robust education system. That is to ensure that our youths grow up to become persons of good character, equipped with the skills to succeed in their careers and become positive contributors to our society.

To re-emphasize my point, Academic success does NOT equate to Career success. Nonetheless, I am not saying that tuition is not necessary. However, for the sake of your child, please be careful not to over do it.

If your kids are not doing well in their studies, DON'T worry, encourage him to excel in other areas, help him gain his confidence and he will be self-driven to succeed in his own unique way! 
That's the responsibility of loving parents...

Thursday, September 5, 2013

IdeasInc StartUp2013! How Venture Capitalists value your business?

It has been 3 months since I have posted my reflections as I was really swamped with waves of challenges that kept hitting both Envisage and Collegify. I will perhaps share some of those in later posts so that aspiring entrepreneurs can learn from my pitfalls too, but well... That's just the common journey which all entrepreneurs have to face!

Nonetheless, I will like to share with you some key lessons learnt from the StartUp2013 conference which I just attended last Saturday @ *SCAPE!

As spoken by Mr Leslie Loh from Red Dot Ventures, how enterprises are valued by a Venture Capitalists are through the following elements:

1. Market validity of the product/services - If your product/services has a proven market segment with paying clients, then you will have a much stronger pitch. If you are simply still fondling with an idea or prototype with non-paying clients, your business is still too early for venture stage funding.

2. Maturity of founders or board members/advisers - The wisdom and expert knowledge/background of the founders/advisers matters. This provides the investors the confidence on the probability of success of your business. However, this might not be impeded by your age (If you are too young), what matters is that you show the level of maturity in understanding what will feasibly allow your business to succeed. But that being said, please do also retain your passion and idealism to succeed. (Perhaps a good mix of personalities displayed within your team will assist in portraying this to your investors)

3. Stage of the enterprise - A growth stage venture with proven track record will always garner a better deal than an earlier stage business. Hence, you have to be really realistic with your expectations on how you value your business. To put it simply, if you have a business with a proven revenue stream and working product that shows demand, you will definitely be able to negotiate for a better valuation. And that's what venture stage fund providers will be requiring.

In addition, you have to understand that return of investment expectations of VCs, are actually on the level of 10x to 30x. Hence, if you are unable to convince them of such profit potential, you will likely not be able to attract their investments. Thus, availability and growth plans beyond the shores of Singapore is critically important!

Alright guys, all the best to your enterprise journey! :)

Tuesday, May 14, 2013

*Scape presents 'Hear Me Out!' (In conjunction with Envisage's Gen.SEs workshops)

Thinking of starting your own Social Enterprise while attending our workshops? Need a place to pitch and get funds to kick start your business? Consider joining Hear Me Out - a pitching competition organised by *SCAPE! 

"Got a brilliant idea that is itching your brain? Tell us, we’re all ears!
No doubt, we have gaps in our society. The marginalised can definitely do more with our help. Like the saying goes – if not you, then who?
If you have an idea that can better the community, tell us, we can support you with seed funds of up to $7,000!"

Join us tomorrow at *SCAPE, 7:30pm, to find out more! (alternatively you can PM us for further inquiries)


Visit Gen.SEs FB for more information: http://www.facebook.com/EnvisageGen.SEs
Sign up for our FREE Social Entrepreneurship training at: Sign up here! 

Tuesday, May 7, 2013

UNITED NATIONS SYSTEM‐WIDE ACTION PLAN ON YOUTH

For all who might be interested about Youths-related issues, here is the survey results and action plan just recently shared with me by UN:

http://www.un.org/esa/socdev/unyin/documents/YouthSWAP/SWAPsurveyrespondants.pdf


Over 13,500 respondents from 186 countries participated in the survey. So it might provide you with some interesting perspectives on the variety of issues which are currently being discussed internationally.