37
How to become a Successful Entrepreneur Roy Chin USA Chairman and CEO Chest Innovations

How to become a Successful Entrepreneur - asqed.com · Confidential . Successful Entrepreneur . Born and raised in Melaka, Malaysia. Roy Chin’s Background . Attended Tun Tuah High

  • Upload
    others

  • View
    2

  • Download
    0

Embed Size (px)

Citation preview

Page 1: How to become a Successful Entrepreneur - asqed.com · Confidential . Successful Entrepreneur . Born and raised in Melaka, Malaysia. Roy Chin’s Background . Attended Tun Tuah High

How to become a Successful Entrepreneur

Roy Chin USA

Chairman and CEO Chest Innovations

Page 2: How to become a Successful Entrepreneur - asqed.com · Confidential . Successful Entrepreneur . Born and raised in Melaka, Malaysia. Roy Chin’s Background . Attended Tun Tuah High

Successful Entrepreneur Confidential

Born and raised in Melaka, Malaysia

Roy Chin’s Background

Attended Tun Tuah High School in Melaka, Malaysia – Class of 1983

University of Kansas (USA), Electrical Engineering, class of 1988

Work Experience: Stryker Endoscopy (20th Employee), Cardiothoracic Systems (IPO &

Acquired), AFx (Acquired), SpineView (CEO – Medtronic invested $10MM).

Current: • Founder & Chairman / CEO, Chest Innovations • Founder & CEO, Intrepid Medical • Advisor – University of Kansas, UCLA • Personal Goal – Establish Malaysia as a top medical device hub • 100+ patents

Page 3: How to become a Successful Entrepreneur - asqed.com · Confidential . Successful Entrepreneur . Born and raised in Melaka, Malaysia. Roy Chin’s Background . Attended Tun Tuah High

Successful Entrepreneur Confidential

Quote from James Lovell There are people who make things happen, there are people who watch things happen, and there are people who wonder what happened. To be successful, you need to be a person who makes things happen.

Success starts with…

Page 4: How to become a Successful Entrepreneur - asqed.com · Confidential . Successful Entrepreneur . Born and raised in Melaka, Malaysia. Roy Chin’s Background . Attended Tun Tuah High

Successful Entrepreneur Confidential

Successful Entrepreneurs Past and Present…

Page 5: How to become a Successful Entrepreneur - asqed.com · Confidential . Successful Entrepreneur . Born and raised in Melaka, Malaysia. Roy Chin’s Background . Attended Tun Tuah High

Successful Entrepreneur Confidential

En-tre-pre-neur1 [ahn-truh-pruh-nur] noun A person who organize and manages any enterprise, especially a business, usually with considerable initiative and risk

1 Source: Dictionary.com

Entrepreneur Definition

Entrepreneurs are people that recognize opportunities and take the initiative

to assemble resources to make new products

Page 6: How to become a Successful Entrepreneur - asqed.com · Confidential . Successful Entrepreneur . Born and raised in Melaka, Malaysia. Roy Chin’s Background . Attended Tun Tuah High

Successful Entrepreneur Confidential

Entrepreneurship is built on…

Idea & Vision

Leadership

Dream Team

Financing

Customers Patent protection

Page 7: How to become a Successful Entrepreneur - asqed.com · Confidential . Successful Entrepreneur . Born and raised in Melaka, Malaysia. Roy Chin’s Background . Attended Tun Tuah High

Successful Entrepreneur needs…

Execution

Page 8: How to become a Successful Entrepreneur - asqed.com · Confidential . Successful Entrepreneur . Born and raised in Melaka, Malaysia. Roy Chin’s Background . Attended Tun Tuah High

Successful Entrepreneur Confidential

Well-oiled Machine…

THE ULTIMATE DRIVING MACHINE

Page 9: How to become a Successful Entrepreneur - asqed.com · Confidential . Successful Entrepreneur . Born and raised in Melaka, Malaysia. Roy Chin’s Background . Attended Tun Tuah High

Successful Entrepreneur Confidential

“Vision without execution is hallucination.” ― Thomas A. Edison

Don’t Just Dream, Do it…

Page 10: How to become a Successful Entrepreneur - asqed.com · Confidential . Successful Entrepreneur . Born and raised in Melaka, Malaysia. Roy Chin’s Background . Attended Tun Tuah High

Successful Entrepreneur Confidential

Execution

Hire Right Team

Page 11: How to become a Successful Entrepreneur - asqed.com · Confidential . Successful Entrepreneur . Born and raised in Melaka, Malaysia. Roy Chin’s Background . Attended Tun Tuah High

Successful Entrepreneur Confidential

Execution (Continued)

Communicate

Employees Shareholders

Customers

Leaders

Page 12: How to become a Successful Entrepreneur - asqed.com · Confidential . Successful Entrepreneur . Born and raised in Melaka, Malaysia. Roy Chin’s Background . Attended Tun Tuah High

Successful Entrepreneur Confidential

Execution (Continued)

Focus on Goal

Page 13: How to become a Successful Entrepreneur - asqed.com · Confidential . Successful Entrepreneur . Born and raised in Melaka, Malaysia. Roy Chin’s Background . Attended Tun Tuah High

Successful Entrepreneur Confidential

Execution (Continued)

Set Expectation

Page 14: How to become a Successful Entrepreneur - asqed.com · Confidential . Successful Entrepreneur . Born and raised in Melaka, Malaysia. Roy Chin’s Background . Attended Tun Tuah High

Successful Entrepreneur Confidential

Execution (Continued)

Risk Mitigation

Page 15: How to become a Successful Entrepreneur - asqed.com · Confidential . Successful Entrepreneur . Born and raised in Melaka, Malaysia. Roy Chin’s Background . Attended Tun Tuah High

Successful Entrepreneur needs…

Page 16: How to become a Successful Entrepreneur - asqed.com · Confidential . Successful Entrepreneur . Born and raised in Melaka, Malaysia. Roy Chin’s Background . Attended Tun Tuah High

Successful Entrepreneur Confidential

Successful Characteristics

Passion

Commitment is the attribute that divides the winners from losers

Page 17: How to become a Successful Entrepreneur - asqed.com · Confidential . Successful Entrepreneur . Born and raised in Melaka, Malaysia. Roy Chin’s Background . Attended Tun Tuah High

Successful Entrepreneur Confidential

Successful Characteristics (Continued)

Determination

Communication

Believe

Team work

Good Attitude Discipline

Overcome Crisis

Decision maker

Risk taker

Perseverance Trust

Page 18: How to become a Successful Entrepreneur - asqed.com · Confidential . Successful Entrepreneur . Born and raised in Melaka, Malaysia. Roy Chin’s Background . Attended Tun Tuah High

Successful Entrepreneur needs…

Page 19: How to become a Successful Entrepreneur - asqed.com · Confidential . Successful Entrepreneur . Born and raised in Melaka, Malaysia. Roy Chin’s Background . Attended Tun Tuah High

Successful Entrepreneur Confidential

Tips for successful entrepreneurship

Be Passionate

Page 20: How to become a Successful Entrepreneur - asqed.com · Confidential . Successful Entrepreneur . Born and raised in Melaka, Malaysia. Roy Chin’s Background . Attended Tun Tuah High

Successful Entrepreneur Confidential

Tips for successful entrepreneurship

Think Success

Page 21: How to become a Successful Entrepreneur - asqed.com · Confidential . Successful Entrepreneur . Born and raised in Melaka, Malaysia. Roy Chin’s Background . Attended Tun Tuah High

Successful Entrepreneur Confidential

Tips for successful entrepreneurship

Focus on your Strength

Page 22: How to become a Successful Entrepreneur - asqed.com · Confidential . Successful Entrepreneur . Born and raised in Melaka, Malaysia. Roy Chin’s Background . Attended Tun Tuah High

Successful Entrepreneur Confidential

Tips for successful entrepreneurship

NEVER consider the possibility of Failure

Page 23: How to become a Successful Entrepreneur - asqed.com · Confidential . Successful Entrepreneur . Born and raised in Melaka, Malaysia. Roy Chin’s Background . Attended Tun Tuah High

Successful Entrepreneur Confidential

Tips for successful entrepreneurship

Plan accordingly

Page 24: How to become a Successful Entrepreneur - asqed.com · Confidential . Successful Entrepreneur . Born and raised in Melaka, Malaysia. Roy Chin’s Background . Attended Tun Tuah High

Successful Entrepreneur Confidential

Tips for successful entrepreneurship

Work Hard

Page 25: How to become a Successful Entrepreneur - asqed.com · Confidential . Successful Entrepreneur . Born and raised in Melaka, Malaysia. Roy Chin’s Background . Attended Tun Tuah High

Successful Entrepreneur Confidential

Tips for successful entrepreneurship

Network constantly

Page 26: How to become a Successful Entrepreneur - asqed.com · Confidential . Successful Entrepreneur . Born and raised in Melaka, Malaysia. Roy Chin’s Background . Attended Tun Tuah High

Successful Entrepreneur Confidential

Tips for successful entrepreneurship

Willingness to Learn

Page 27: How to become a Successful Entrepreneur - asqed.com · Confidential . Successful Entrepreneur . Born and raised in Melaka, Malaysia. Roy Chin’s Background . Attended Tun Tuah High

Successful Entrepreneur Confidential

Ask for Help

Tips for successful entrepreneurship

Page 28: How to become a Successful Entrepreneur - asqed.com · Confidential . Successful Entrepreneur . Born and raised in Melaka, Malaysia. Roy Chin’s Background . Attended Tun Tuah High

Successful Entrepreneur Confidential

Tips for successful entrepreneurship

Discipline yourself

Page 29: How to become a Successful Entrepreneur - asqed.com · Confidential . Successful Entrepreneur . Born and raised in Melaka, Malaysia. Roy Chin’s Background . Attended Tun Tuah High

Successful Entrepreneur Confidential

Don’t Give Up!

Tips for successful entrepreneurship

Page 30: How to become a Successful Entrepreneur - asqed.com · Confidential . Successful Entrepreneur . Born and raised in Melaka, Malaysia. Roy Chin’s Background . Attended Tun Tuah High

Successful Entrepreneur Confidential

How do we measure success? Success, of course, is very personal. • Bill Gates and Mother Teresa have in common? It’s the number of lives in

which you might be able to make a positive difference. • This is the measure of success we need to apply while we are on our journey to

success.

Measuring Success

Measuring Success

Page 31: How to become a Successful Entrepreneur - asqed.com · Confidential . Successful Entrepreneur . Born and raised in Melaka, Malaysia. Roy Chin’s Background . Attended Tun Tuah High

Successful Entrepreneur Confidential Source : MIT Professor, Robert Langer

Learn from Failures

Not having a right team

Lack of Funding

Intellectual Property Troubles

Product Development Delay

Overpay Executives

Bad Luck

Poor Sales Strategy/Training

Lack of Focus

Being Perfectionist

Fear

Page 32: How to become a Successful Entrepreneur - asqed.com · Confidential . Successful Entrepreneur . Born and raised in Melaka, Malaysia. Roy Chin’s Background . Attended Tun Tuah High

Successful Entrepreneur needs…

…to be inspired

Page 33: How to become a Successful Entrepreneur - asqed.com · Confidential . Successful Entrepreneur . Born and raised in Melaka, Malaysia. Roy Chin’s Background . Attended Tun Tuah High

Successful Entrepreneur Confidential

Page 34: How to become a Successful Entrepreneur - asqed.com · Confidential . Successful Entrepreneur . Born and raised in Melaka, Malaysia. Roy Chin’s Background . Attended Tun Tuah High

Successful Entrepreneur Confidential

Page 35: How to become a Successful Entrepreneur - asqed.com · Confidential . Successful Entrepreneur . Born and raised in Melaka, Malaysia. Roy Chin’s Background . Attended Tun Tuah High

Successful Entrepreneur Confidential

Page 36: How to become a Successful Entrepreneur - asqed.com · Confidential . Successful Entrepreneur . Born and raised in Melaka, Malaysia. Roy Chin’s Background . Attended Tun Tuah High

Successful Entrepreneur Confidential

To be published

Take Away Message

Page 37: How to become a Successful Entrepreneur - asqed.com · Confidential . Successful Entrepreneur . Born and raised in Melaka, Malaysia. Roy Chin’s Background . Attended Tun Tuah High

Thank You

Q&A