Tough Times Don't Last Forever
It's amazing how much has happened, last week I was living "hand to mouth."
If I didn't sell products I couldn't take the bus or go grocery shopping.
And, in the course of 7 days (thanks to divine intervention),
hard work, patience, being in the right places, at the right time,
meeting the right people, a lot has changed for the better :)
To be clear, I'm still staying on my friend's couch,
I can now take the bus and buy groceries (on the street market),
also, I went to "Little India" to get properly groomed: got my eyebrows done
and hair cut (both way over due!), so I'm still a struggling entrepreneur,
I'm just more groomed and have the basics covered :)
So What Happened?
I took a much needed pivot and was ruthlessly honest with my ability
to build and scale the business in Asia. So I started all over with the business.
No more Healthy Hair Asia/Yummy Blair Cosmetics,
everything that I built prior to coming to Singapore is in the past and recorded as (R&D)
I unpublished my Healthy Hair Asia Facebook page, that had about 600 "Likes" and "Followers,"
I thanked my customers for their business and support
over the years, and to "Like"my new page/shop
Yummy Blair Cosmetics,
I also discontinued my the fresh vegan products,
as I will be taking the business in a new direction.
New Business: Yummy Blair Cosmetics
And with a clean slate, I started again. I scheduled an appointment with Sleek,
a corporate secretary and accounting firm founded by entrepreneurs who know exactly the
challenges of starting a business in Singapore for foreign founders.
So, I'm in the processes of incorporating and registering my business in Singapore.
I also have a business mentor (an honest and genuine one this time),
that is helping me craft my business plan, how to talk to investors and scaling the business.
But I'm not done yet!
Right Place, Right Time
I'm honestly surprised I've been able to get this far in my journey as an entrepreneur.
I don't believe in luck, or hard work alone being the only way to succeed,
rather a combination of timing, divine intervention, hard work, and good people in your life.
So far, my time from New Zealand to Singapore,
people that I haven't talked to in years, friends, and friends of friends
have come into my life at the right time.
Step One: Incorporating the business
When I sat with Sleek, they gave me the
costs and numbers for incorporation, getting a corporate secretary, securing a visa,
tax compliance, capital needed, it became a moment of truth.
If I was going to move forward, I would need about $2,600
to start (as a non-resident/non EP holder in Singapore)
and have yearly and monthly charges. I went home to think, first step incorporation,
next getting a visa to live in Singapore. And that requires a lot of capital ($80k-$100k).
I remained positive, because I've gotten this far, my faith is in G-d.
Step 2: Find Investment Opportunity
I really want to settled down in Singapore
have my own place to live (not that a free couch is bad, but I'm 29 and want to settle down)
So, I get a message, from a university friend that I haven't talked to
in about 6/7 years, we did Model United Nations together, and since
he's not on social media, I completely forgot about him.
Wait, let me go back,
this actually starts when I was in New Zealand.
"Out of the blue", I get a message from this university friend,
asking how was life post-university and he shared that he started a few businesses.
He was curious to see if I was still in Thailand since he had a connection flight
from Ulaanbaatar to Cape Town, and wanted to catch up in person.
I asked, "what's in Ulaanbaatar? Unless one is in the mining business what's there??
(note, I also studied with some Mongolian and other international students, at the same time when I met him,
so I know there are people and a life in Mongolia)
He shared he started a mining business, and sold some minerals through Singapore.
So I shared my adventures and how I was planning to move to Singapore to rebuild my business.
In fact we should catch up when he's in Singapore. I didn't hear back from him until yesterday,
he apologize and was traveling in Antarctica (this is a developing story).
Long story short, apparently over the years he's been quite successful
professionally and as an investor.
I asked if he ever invested in cosmetics and beauty, it's big business!
And I pitched my business and potential of the Asian beauty market.
The potential for investment is too early to write about,
I'm still a bit overwhelmed by how much has changed over the last 7 days,
but I will say next month I will be going on a new adventure (clue, in a continent I never been to before!)
to secure this potential investment.
And finally be at a stage in my journey to build and scale my business throughout Asia :)
As always, thank you for reading and your support!