Sean: Do you have any pointers on how to properly manage a newly opened business?

My biggest advice would be to always be on the block. Always make sure the revenue is greater than expenses. That's the biggest thing right there. So if your expenses are lower and you're selling more, you're making more profits, you're making more avenues, for me, you're doing a great job. That usually entails you being very hands-on, working long hours, wearing different hats, and sacrificing yourself, you know, for starting that business. That's what it takes. If you're not willing to pay that price, do not start a business because you're probably going to be on the red and bleed out expenses, probably going to be greater than the revenue.

Apple: For my advice, that would be to think ahead before you implement rules, before you implement perks for your team, for your company. Think ahead. Am I still going to be willing to give this to 100 people next time if I have that many people under my wing? Will this rule be practical, even if I grew up to this size? So those types of things, that's my pointer.

It's really fun actually how Sean and I experienced this, especially Sean and Kevin. He started this business with his brother, Kevin Si. But when they were starting it, he was also “consulting”, consulting with me, sharing with me his ideas. And I was sharing with him that, yeah, you ought to really be careful of the rules and of the perks that you will be giving your team because in the end you can never take it back.

When a group of people, for example, the first hires are already used to the set of rules, then you suddenly have to change them, to adjust, for example, working hours from it used to be half day and then now you have to work full time, same pay, that would just create chaos and a lot of disagreements with your team. Or the number of leaves, for example, you gave up five VLs and then you said you suddenly want to make it three for a year. Yeah, again, that would definitely create problems.

Also another pointer, which hopefully you already know is to do everything that our government does, at least bare minimum, do everything that our government is requiring even for a small startup business because that would prepare you. That would prepare you for when you are going to scale up and when you have more people under your wing.

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