The media is full of stories of startups and business owners leaving their day jobs to pursue their passion full-time. Many Singaporeans, from street vendors to founders of tech startups, have chosen to do just that. Leave their comfortable corporate jobs To embark on the difficult path of entrepreneurship.
However, prof A study by researchers Joseph Ravi and Jie Feng Interestingly, he found that entrepreneurs who kept their day job had 33 percent less likely to fail than those who quit.
This may be due to the benefits of having a balanced “portfolio of risk” – having a sense of security in one area gives individuals greater freedom of creativity and originality in other aspects of life, such as their own business ventures.
Many entrepreneurs continue to build successful businesses, even though they still hold a stake in their full-time jobs. Here are some Singaporean founders who have done the same:
1. E Shin Chua from Jekyll and Hyde
Jekyll and Hyde Award winning cocktail bar, founded in 2013.
In 2018, now owner Ee Chien Chua has snagged the opportunity to take over bar operations, and “nearly took on the challenge with motivation”.
Ee Chien has helped high-growth tech startups like Uber and Grab to grow and launch different products and solutions.
The current Director of Business Development and Partnerships at Digital Wealth Advisor Endowus believes that tape has built a reputation as a one-of-a-kind business locally and there was a lot of potential to further its growth.
Since taking over Jekyll & Hyde in 2018, Ee Chien has continued to maintain the unique standards and selling points of custom bar cocktails, and the bar has managed to generate over $ 1 million in revenue.
Ee Chien for Vulcan Post in Prof. Separate interview He wakes up at 7.30 am every day and makes sure he is doing his daily work efficiently. After work, he assists with bar operations.
Looking at his own journey, E-Shin said he would not advise anyone who dreams of starting their own business to quit their full-time job.
2. Mia Chung from an altelier with salt water
Salt water operator It is a handcrafted soap brand that was started by founder Miya Chong.
Mia runs a Saltwater workshop and hand soap maker along with her full-time job at a US cruise company where she develops regional business, marketing and PR. She is also a mother of three young children.
Mia stumbled upon a soap shop during a business trip in 2017, and began experimenting with making her own soap. She later started an Instagram page (saltwateratelier) To document her soap creations and share the soap making process.
Just two months after launching her Instagram page, she received an order for her first job – 200 bar soaps for a wedding.
Made in small batches with no two strips alike, each bar is packed with ingredients free of SLS, parabens, phthalates, and preservatives. The soap is 100 percent vegan, palm-free, and tested on friends, not animals.
Bar soaps at Saltwater Atelier range between S $ 12 and S $ 18.
Now, her goal is to share the beauty of high-quality handmade soaps and inject art into the mundane, everyday bathing task.
3. Maddy Barber from Madley
insanely She is a bespoke jeweler and has garnered much attention since the brand’s inception in 2015.
The brand has made it to Tatler’s Top 10 Singaporean jewelry list for four years in a row, has also won the Best Jeweler Asia Award through the Luxury Travel Guide Lifestyle Awards, and has made it to TallyPress’s Top 10 Artisan Jewelery List.
MADLY was founded by radio personality Maddy Barber, who continues to work as a co-presenter for the breakfast program on the local radio station Kiss92 FM.
Maddy attempted to create custom jewelry with regular jewelers, but they realized that they seldom made the effort to understand their clients’ style or personality – and they just weren’t daring enough to try anything new.
Then MADLY launched as a brand offering customers unique and bespoke jewelery capable of telling their stories down to the last detail.
The brand has a full range of gemstones, from the most popular colored gemstones like ruby, emerald and sapphire, to upcoming gemstones like spinel and tsavorite garnet, to even color-changing gemstones like alexandrite.
“MADLY is more than just creating and selling beautiful jewelry – it’s about making the world a more colorful place with what we do and how we interact with people and the world around us,” Maddy said. Separate Interview with Vulcan Post.
4. Mervyn Tham, Johnson Ng and Shawn Goh at EasyMate
Singaporeans Mervyn Tham, Johnson In, and Shawn Goh once coveted spoiled meat in the middle of the night, but realized there was no way they could purchase it.
There were no restaurants open at the time, and any deliveries take at least a day to arrive. Then they thought about how to serve good chunks of beef at all times to Singaporeans who crave a quick fix of beef.
This led to a birth EasyMate SG A local startup that operates vending machines that distribute Australian Wagyu beef.
There is actually a variety of vending machines in Singapore that do without products from free samples to face masks.
However, Johnson told Vulcan Post at Interview EasyMeat vending machines are the first in Singapore to dispense fresh meat. The price for a 200 g steak is SGD 25, while for a steak is 250 g Shabu Shabu It will set you back S $ 19.
All three of EasyMeat founders run the startup in addition to their full-time jobs.
5. John Chen, Li Yuxia, Paladin Hsu and Celine Ong from Aloha Poke
Singaporeans are no strangers to bokeh these days, thanks to the rise of many restaurants that serve them even health-conscious office workers.
However, Aloha Bucky It is the first of its kind in Singapore.
The series’ four founders – John Chen, Li Yu Chia, Paladin Hsu and Celine Ong – were on vacation in Hawaii in 2014 when they savored a taste of the quintessential Hawaiian dish.
They called the experience “love at first taste,” and they spent the rest of their vacation researching the best bokeh joints in and around Oahu. On their return to Singapore, they tried to find suitable alternatives – to no avail.
This was when they began experimenting with flavors of bokeh in their own kitchen based on fond memories from their time in Hawaii. They also made bouquet for each other, their families and friends, until they thought they got the balance of flavors right.
Dissatisfied with sharing the wonders of bouquet with their loved ones, they decided to start a restaurant, and opened their first Aloha Poké outlet along Amoy Street in August 2015.
They now have three outlets in Singapore, and have also expanded to Perth, Australia.
at Previous interview With the founders in 2017, they shared that each outlet can expect to sell up to 30 kg of fish on average and two bowls of bouquet per minute during a busy two-hour lunch every day.
At the time of writing, the four founders were still working full time in the banking industry while running the chain.
There is no fixed formula for success
Starting a business is hard work, and these Singaporeans have been able to create a new brand for themselves while still working the company jobs.
However, there is no set path to success.
Although holding a one-day job may give them a greater sense of security when working on new business ideas, quitting their jobs may mean that they can devote more time and effort to their new venture.
Featured Image Credit: Jekyll & Hyde / Saltwater Atelier / MADLY / EasyMeat / Aloha Poké
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