From employee to successful entrepreneur
Calyn Yap | 24 Oct 2014 00:01
It’s not easy to become an entrepreneur, especially for someone who has been an employee all his working life.
In such a situation, planning is vital to maximise chances of survival, says engineer-turned-entrepreneur Lieu Ching Foo, the 32-year-old founder of personal finance website HowToFinanceMoney.com.
Lieu, also an adviser with independent financial advisory firm Fin Freedom Sdn Bhd, says what is important is how you use your free time as an employee, while looking to become an entrepreneur.
“It’s very realistic. You need to plan ahead when you make the switch. After work, what you do between 8pm and 10pm can determine how you’ll fare. I used this time to develop my website, rather than watch TV,” he says.
“You need to know why you’re doing what you’re doing. Many businesses and entrepreneurs know what they’re doing and how to do it, but have forgotten the why, and this is what leads to losing motivation.”
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