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Entrepreneurship can be exciting, but discouraging. It can give hope to new business leaders, but also cause concern – never be 100% sure of what awaits them.
Some people leave their careers to pursue an entirely new idea, learning from scratch. It is possible that difficulties will be felt, some manage to pass from humble beginnings to a success recognized by the industry, and local companies do not fail to show us that it is possible.
28 Hong Kong Street, a bar known to have pioneered the local cocktail scene with its speak-easy style, earning the title of Best Bar of Asia in 2016 and placing the Singapore bars on the World map of tipples.
When two ex-lawyers, Spencer Forhart and Paul Gabie, the waterhole in 2011, they never expected the booming growth that followed
Prediction for the rising trends
Forhart and Gabie, young lawyers at the time, were r They witnessed the emergence of bars dedicated to the supply unique alcohols and the concoction of quality-focused craft cocktails.
for work in 2007, they recognized that local bars had experienced changes similar to those in New York and stayed to seize an opportunity
they carefully chose a location "near the city, but still very discreet" in Chinatown.
Forhart said that he just had the atmosphere to give 28 Hong Kong Street the mystery and intrigue that they wanted, which added to the concept of luxury. From the opening of a bar, they became consultants in other bars
Affectionately known as 28 by regulars, the bar now receives so many guests that & # 39; It is necessary to reserve places one week in advance. 19659 018] 28 hongkong street "width =" 700 "height =" 466 "srcset =" https://cdn01.vulcanpost.com/wp-uploads/2018/07/28-Hong-Kong-Street-Fastest-Hands- in-the-East.jpg 800w, https://cdn01.vulcanpost.com/wp-uploads/2018/07/28-Hong-Kong-Street-Fastest-Hands-in-the-East-300×200.jpg 300w, https://cdn01.vulcanpost.com/wp-uploads/2018/07/28-Hong-Kong-Street-Fastest-Hands-in-the-East-768×512.jpg 768w "sizes =" (max-width: 700px ) 100vw, 700px "/>
Some would take this hit and quickly open more bars throughout the city.But Forhart and Gabie saw a different need that they could meet, and they were diversified.
"Because we did not serve consumer brands, we found it very difficult to get the bottles we wanted," said Gabie. "That made us realize that we did not use consumer brands, so we found it very difficult to get the bottles we wanted," said Gabie. there was room for us to start our own supply and distribution business bution, not only for our own benefit, but also for the local craft cocktail industry that was growing rapidly at the time. "
Based on the 28-year-old's success, the entrepreneurial duo started Proof & Company the following year, distributing craft products and offering consulting services to other bars.
Paul Santos was the first external investor of Proof & Company The demand for independent craft products has exploded and resulted in their distribution to many regional markets, such as Hong Kong, China and Australia "width =" 700 "height =" 451 "srcset =" https://cdn01.vulcanpost.com/wp-uploads/2018/07/theproofflatbyecproof.jpg 960w, https://cdn01.vulcanpost.com/wp-uploads/2018/07/ theproofflatbyecproof-300×193.jpg 300w, https://cdn01.vulcanpost.com/wp-uploads/2018/07/theproofflatbyecproof-768×495.jpg 768w "sizes =" (max-width: 700px) 100vw, 700px "/>
In addition to that, Forhart and Ga Bie also invested in the Australian distributor of artisanal spirits, Neat Spirits, firmly establishing its presence in the Asia-Pacific region.
Proof & Company has grown rapidly in 6 years since its inception in the middle of the year 2018.
More than 100 employees across the Asia Pacific with offices in Singapore, Hong Kong , Beijing, Shanghai, Sydney and Auckland.
It all started with a small idea: a small business in a small country that worked very well
How experience of a Mentor Can Help Small Businesses
Reaching half the success of a company like Proof & Company may seem far from the reach of f or someone who thinks he has a bright idea but that has no idea of how to proceed.
In fact, according to the Startup Genome 2017 report, Singapore is rich in entrepreneurial talent, but lacks much start-up experience.
To Support Future Entrepreneurs, the Singapore Management University Institute of Innovation and Entrepreneurship runs a course from September 3rd to September 13th, Research and Validation of Entrepreneurial Opportunities
More Two weeks, participants will learn from the esteemed Professor Paul Santos in Proof & Company, who designed and delivered the courses.
After all, new ideas are emerging incredibly frequently, so tapping into the mind of a veteran could be an opportunity to help an inexperienced business owner stand out in the crowd. 19659002] The bar is one of many successful Asian startups that will be used as case studies to teach participants how to identify e
Participants can look forward to speakers such as the co-founder and president of Proof & Company, Spencer Forhart, and co-founder and commercial director, Paul Gabie.
Ankiti Bose, co-founder and CEO of the fashion and lifestyle company Zilingo, will also share her point of view on her own entrepreneurial journey
A Legend of Management
In a Recent interview, Santos shared: "There were a few things I wanted to know earlier about entrepreneurship and it would be nice if I shared it with other people who aspired to become entrepreneurs.
Participants can get an idea of Santos' vast experience as one of the most successful venture capitalists in Southeast Asia. East.
Co-founder and Managing Partner of Wavemaker Labs, Santos is also a partner of Siemer Ventures and has led investments in companies such as AppAddictive, Frenzoo and TradeSparq.
The SMU course will also be based on the legend of modern management, Peter The seven sources of innovative opportunities Drucker
Author of innovation and entrepreneurship, the ideas of Drucker on management and commercial leadership have left lasting impacts in the global industry.
SMU believes that the lessons of these mentors will be valuable a wall in their development, as SMB owners explore new business ideas, or even future entrepreneurs always looking for an idea.
Singapore is a small country, but it is also a melting pot of people with their mix of cultures and ideas, making a fertile environment for new businesses to flourish.
By learning from other Singapore-based startups who have gone through clutter, aspiring entrepreneurs would get ideas that they could apply to make their own ideas work.
The research and validation of entrepreneurial opportunities will take place on the evenings from September 3 to September 13, 2018, and interested parties can already begin to register for the course. To learn more about this learning opportunity, you can also register to attend an information session with Paul Santos on August 1, 2018.
This article was written in collaboration with SMU.
Image credit: Proof & Company
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