Tuesday, April 26, 2016

C) Failure is an Option


Here, Bryan Loo is the founder of Chatime Malaysia and he already faced his failure and the hardest time in order to become a successful entrepreneur. Bryan Loo is one of the youngest entrepreneurs in Malaysia. Bryan Loo already started his first business when he is at age 7 by selling comics which is he wrote by himself because Bryan Loo has talent in drawing. But, he had to stop his first business because his parents blocked him from selling his comics. His parents afraid of he cannot focused on his study and they said that they can afford him so that he do not have to bother himself to find his own pocket money. His parents owned an air-conditioned shop.

After Bryan Loo finished his study, he has decides to start a business to find his own pocket money. From there he starts to search for a tea franchise in Taiwan that can be brought back to Malaysia to commercial it. For him, Taiwan is the capital of milk tea. The island has over 10,000 milk tea outlets with 180 different brands of milk tea. Bryan had listed the top brands and chooses the best top 5 brands, but, unfortunately, his proposal was rejected as all the brands did not have an interest in expanding in Malaysia.

With full of disappointment in his soul, he returns back to Malaysia and he meets with one his Taiwanese friend that live in Malaysia which introduce him to Chatime. From that moment, he saw the opportunity as the company was trying to expand their business. He had never approached the brand yet and feeling motivated, he decides to contact the CEO of the Chatime. His proposal was accepted and two months after that, Bryan open his first Chatime outlets in Pavilion. 

In just in a blink of an eye, this Chatime business becomes a hit and it took him 6 months to learn about the business world in order to open the second outlets because he needs to learn so many new things. But at the same time, he had also sends a total of 90 proposals to listing departments all over Malaysia and almost all comes back with positive feedback. This seems to him as a very good and worth business. From here, his business is going so well and he had opened so many branches in all over Malaysia. Until now, we can still can see that how is his business going so well. 

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