{"id":8263,"date":"2022-02-11T04:53:08","date_gmt":"2022-02-11T04:53:08","guid":{"rendered":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/sgsmeloans.com.sg\/?p=8263"},"modified":"2023-03-23T22:45:03","modified_gmt":"2023-03-23T14:45:03","slug":"singapore-young-entrepreneur-award-syea","status":"publish","type":"post","link":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/sgsmeloans.com.sg\/singapore-young-entrepreneur-award-syea\/","title":{"rendered":"Singapore Young Entrepreneur Award (SYEA)"},"content":{"rendered":"\t\t
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3 Insightful Lessons any Business Owner or Aspiring Young Entrepreneur can Learn from Melvin Ho, SYEA Winner 2021<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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If you are a\u00a0Business Owner, chances are, you\u2019ve\u00a0probably heard of\u00a0Singapore Young Entrepreneur Award (SYEA).\u00a0<\/a><\/strong><\/span>\u00a0<\/strong><\/p>

However, if you haven\u2019t, SYEA was established in 2014 by team of passionate youths driven to make an impact in the business world through honouring and empowering other youth entrepreneurs who have both succeeded and excelled in implementing commercially viable and sustainable changes to their businesses.<\/span>\u00a0<\/span><\/p>

In 2021,\u00a0Melvin\u00a0emerged as\u00a0one of the\u00a0winners\u00a0of SYEA\u00a0in the category of Job creation & economic growth, where he excelled\u00a0against\u00a0all\u00a0their judging\u00a0criteria, such as\u00a0innovation, financial\u00a0performance, and\u00a0long-term\u00a0business strategy to name a few.<\/span>\u00a0<\/span><\/p>

From\u00a0a\u00a0former banker\u00a0to becoming a successful\u00a0award-winning\u00a0entrepreneur<\/a><\/strong>\u00a0today,\u00a0here\u00a0are\u00a0<\/span>3\u00a0top lessons<\/span><\/b>\u00a0from his entrepreneurship journey\u00a0which we have\u00a0condensed and\u00a0took away\u00a0for\u00a0<\/span>YOU<\/span><\/b>, as a\u00a0Business\u00a0Owner,\u00a0where\u00a0you can learn from and hopefully,\u00a0successfully\u00a0apply them to\u00a0grow your own business.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Lesson 1: Having a supportive team and loyal customer base goes a long way<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Melvin couldn\u2019t have\u00a0<\/span>possibly\u00a0<\/span>made it this far\u00a0<\/span>without the\u00a0<\/span>unwavering<\/span>\u00a0support\u00a0<\/span>provided\u00a0<\/span>from his team at BizSquare\u00a0<\/span>and the trust his customers and partners\u00a0<\/span>put in him,<\/span>\u00a0which<\/span>\u00a0allow<\/span>ed<\/span>\u00a0him to take\u00a0<\/span>his business to greater heights.\u00a0<\/span>Without a doubt, running\u00a0<\/span>your<\/span>\u00a0business<\/span>\u00a0<\/span>as a one-man show would\u00a0<\/span>severely limit your business scaling potential no matter how talented or hardworking you are.\u00a0<\/span>Having the\u00a0<\/span>right<\/span>\u00a0team\u00a0<\/span>would amplify your\u00a0<\/span>business\u00a0<\/span>operations and\u00a0<\/span>help\u00a0<\/span>free\u00a0<\/span>up<\/span>\u00a0your time\u00a0<\/span>to<\/span>\u00a0improve your business strategy and capture more opportunities. Likewise,<\/span>\u00a0<\/span>investing in<\/span>\u00a0loyal\u00a0<\/span>customers would\u00a0<\/span>bring about repeat business<\/span>\u00a0and\u00a0<\/span>could\u00a0<\/span>even drive word-of-mouth recommendations for your business,\u00a0<\/span>and\u00a0<\/span>thus,\u00a0<\/span>potentially\u00a0<\/span>lead to\u00a0<\/span>increased revenue and\u00a0<\/span>acc<\/span>elerated growth<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Lesson 2: Never delve into any business that you are unfamiliar with<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Congruent to Melvin\u2019s beliefs, i<\/span>f you are an aspiring entrepreneur<\/span>\u00a0or business owner seeking for\u00a0<\/span>business opportunities<\/span>,<\/span>\u00a0<\/span>it is\u00a0<\/span>vital<\/span>\u00a0that you\u00a0<\/span>have<\/span>\u00a0the<\/span>\u00a0knowledge<\/span>,\u00a0<\/span>expertise\u00a0<\/span>or network\u00a0<\/span>related to\u00a0<\/span>the business\u00a0<\/span>you are entering in,\u00a0<\/span>which could then\u00a0<\/span>enable<\/span>\u00a0you to\u00a0<\/span>fully understand the business environment and how to best\u00a0<\/span>establish and grow the business if you are a<\/span>n\u00a0<\/span>aspiring entrepreneur<\/span>\u00a0or<\/span>\u00a0<\/span>allow you\u00a0<\/span>bring in significant contribution<\/span>s if you are a business owner.<\/span><\/span>\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Lesson 3: Stay organized and have clear targets<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Like Melvin, entrepreneurs and business owners would undoubtedly have a hectic work schedule, and the real question here is, how can you remain focused and maintain your level of productivity despite your busy day-to-day schedule?<\/span> <\/span><\/p>\n

One effective method recommended by Melvin includes creating a daily to-do list and taking it seriously, followed by doing up a weekly achievement list and setting monthly targets to be met. According to Melvin, having those respective lists and targets would boost your daily work productivity, aid in allocation of weekly work priorities, and help optimize your business direction monthly. In summary, staying organized and have clear targets would surely be beneficial for you and your business in the long run. <\/span> <\/span><\/p>\n

Regardless <\/span>of <\/span>whether you are<\/span> <\/span>a business owner<\/span> or an<\/span> aspiring entrepreneur<\/span>,<\/span> we hope that <\/span>you have gained something from our derived lessons and<\/span> <\/span>perhaps, <\/span>Melvin\u2019s personal favourite quote <\/span>on entrepreneurship <\/span>could <\/span>also <\/span>serve as an <\/span>advice<\/span> and <\/span>enlighten you in one way or another:<\/span><\/span> <\/span>
<\/p>\n

\u201c<\/span>If you are prepared and know what it takes, it is not a risk. You just have to figure out how to get there<\/span>. When you are prepared, there is always a way.\u201d<\/span><\/span> <\/span><\/em><\/strong><\/p>\n

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LinkedIn: https:\/\/www.linkedin.com\/company\/bizsquare-management-consultants-pte-ltd<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n

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BizSquare<\/i><\/a><\/strong> is a one-stop business consultancy firm providing Loan Consultancy Services, Accounting and Corporate Secretarial Services, Branding and Marketing Consultancy, Strategy Management and Start-up Mentorship.<\/em><\/strong><\/div>\n<\/div>\n<\/div>\n
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For more info, please visit Bizsquare Group at <\/em><\/strong>www.bizsquare.com.sg<\/a> <\/em><\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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References:<\/span><\/b>\u00a0<\/span>

https:\/\/syea.cc\/<\/span><\/a>\u00a0<\/span>
https:\/\/syea.cc\/syea-award\/#judging-criteria<\/span><\/a>\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\n\t\t\t\t\t\t\t Jayce Tang (Author)\t\t\t\t\t\t<\/h4>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t
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Jayce is a digital marketing intern at Bizsquare Management Consultants Pte Ltd. He loves driving and in his free time, he enjoys hanging out with his friends and family.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

3 Insightful Lessons any Business Owner or Aspiring Young Entrepreneur can Learn from Melvin Ho, SYEA Winner 2021 If you are a\u00a0Business Owner, chances are, you\u2019ve\u00a0probably heard of\u00a0Singapore Young Entrepreneur Award (SYEA).\u00a0\u00a0 However, if you haven\u2019t, SYEA was established in 2014 by team of passionate youths driven to make an impact in the business world […]<\/p>\n","protected":false},"author":1,"featured_media":8266,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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