I heard about this, only very recently from a friend of mine, Imran. I thought it would be good to go and hear what some of the successful entrepreneurs in the current Malaysian industry had to say. It was slightly last minute, because Imran only just came across it in TheEdge, that was just two weeks before the one day conference itself. The first 200 to register would get in free, but we were too late for that, so we had to pay RM 50 each, which reminds me, I still owe Imran RM 50.
Imran was really gung ho about because some of the speakers are really top guns. One of them which you all know is Tony Fernandes, Group CEO of Air Asia. But the people on the sheet that really impressed me is a man who is currently popular in the construction scene, particularly in Dubai, Dato' AK Nathan, of Eversendai Corporation Sdn. Bhd, he's in the steel industry, won a contract for Tower 2 of the Petronas Twin Towers.
Burj Al Arab, Dubai (Dato' AK Nathan's group led this project)
Then there's Dato' Edmund Santhara, a very successful man, winner of an Ernst & Young award, CEO of Masterskill University College of Health Sciences. Basically, this guy owns the place you want to go to if you want to pursue nursing.
Dato' Edmund Santhara with other winners of Ernst & Young Entrepreneur of the Year 2007 (first from left)
If you've been paying attention to the names I've been mentioning, you'll notice that each and every one of them is Indian. I'm not being racist or anything, but I think that's quite a noteworthy observation anyone would have made at the conference.
As expected, the talks given were not from a technical viewpoint, but mainly what you need to be focused on or have as an entrepreneur. One of the things mentioned that was worth knowing was that, entrepreneurs should be more concerned about their cash flow than their account books. He cited that some top companies can predict triple earning from an investment based on the 'books' and have the banks chasing them just a year later.
Dato' AK Nathan came on and gave what I believe to be the foundation of the character of absolutely any working person, regardless whether you are an entrepreneur or not. He focused a lot on self-realisation, self-discipline, passion, being hardworking, self-development and the like. No one had taught him this but he had to learn all this through the hard way. He'd fallen three times in total as an entrepreneur, but his values have brought him more success and now is a respected construction industry figure in Dubai. He mentioned that his passion and drive for the business was what prevented him from quitting the industry when he thought he was finished.
One thing that was echoed throughout the conference had a lot to do with integrity. Right from Dato' AK Nathan, to Dato' Mohammed Izat and Dato' Mohd Shukor Omar, they always repeated, don't cheat anybody, be honest in your business. It's always interesting to hear that in corporate society when the public always sees or perceives all business to be about cheating and stealing to gain competitive advantages. But then again, those who cheat and steal fall pretty hard, you can see that from the fall of many American financial institutions.
Oh, one thing, food was provided throughout the conference. We had two tea breaks and lunch, so I think RM 50 was definitely worth it as a fee for the one day conference. On another day in another place, the price to see those kind of people could go above the RM 500 mark. I know I ate a lot that day, haha! It was pretty cool because we got to have lunch at the banquet hall and the tables were all set up nicely like a dinner event. An extra bonus was that our table wasn't full so there was more food for us, haha! The otak-otak, roast chicken and the fruits were the favourites during lunch.
I didn't stay until the very end of the conference, but I definitely waited until Tony Fernandes was up. I will admit he was easily the best presenter out of all of them, and I'm not saying this out of bias. Many of the speakers were interesting, but the first three names I mentioned in this blog post were still the best with Tony being the best one.
The most prominent speaker of the day
Obviously, one of the things that he pointed out was that he saw the opportunity for something new. A low-budget airline had never been given any thought in the ASEAN region. He mentioned a lot of people claimed his en devour was impossible, but I think all who read know this isn't true. Basically, he saw a market that people did not see. One of the main things I caught from him was this, when he said, "Serve the under served."
You know, when he said that, I just thought of this. There are so many high end products and services being offered by MNCs (multi-national corporations), and branding has placed prices incredibly high that can only serve a certain group of people. How about the rest of the people, the not so rich that also want something good? That was what Tony Fernandes saw and he fulfilled their desires and met that need. Remember, serve the under served.
Something else caught me, not by surprise but with enthusiasm. During his talk, he mentioned as a kid, he was a very stubborn boy. On those government type forms that require you to tick your race, either being Chinese, Malay, Indian or 'lain-lain', he would just tick Malaysian. He says that he's a very big believer in the Malaysian brand. He said, "Some people like to talk about global, going global. Do well here first, in Malaysia"
There's something else he said, which I think every prejudistic Malaysian needs to here, here's what he said, "You know, people talk about not being able to make it, or complain about not getting stuff because they don't have bumi connections, bumi this, bumi that. Look at me, I am a living example of someone who has made it, and there is no reason why others cannot. If you work hard and if you really want, you can be successful in Malaysia"
It reminded me so much when I saw Wyclef Jean saying to some Black children, "And listen man, I'm gonna tell y'all like this. Don't blame the white man for nothin. GET YOURS. You understand? I came to this country, I didn't know how to speak English. I made somethig of myself. I went to the library, English is like my third language. I just learned how to speak Enlglish. So the thing about that white man, yo, the white man responsible for that, white man ain't responsible for shit."
These two shared something in common with people who perceived similar fates
Anyhow, getting back on point, Tony pointed out several other things, highlighted some of his own issues, in a very comical way. He made some pretty funny jokes, one of them was this. You know, never name your airline after an animal, "Lion lah, Tiger (Singapore's budget airline), FireFly. You know, FireFly is a stupid name for an airline. You know the funny thing about a firefly? Those things only last ONE day!" and the room burst with laughter. He also mentioned in a light way that he's not exactly friends with SIA, haha.
Anyway, before I left, during Q&A, I was very fortunate to be the last person to ask Tony Fernandes a question (only two were allowed). I said this, "Dato' Tony, you know about what you said about as a kid about those forms, and you only ticked Malaysian, not your race or anything. I think that's really cool you know, so I just want to ask you. What do you think is the Malaysian Dream? What is it to you and why?"
I can't quote him exactly, but this is the gist of what he said. It had to do with the education system within Malaysia. It isn't about having Chinese or Tamil schools. He said, "What if we could have one school, where students learn the Chinese, Tamil and the Bahasa? Do you know how strong our Malaysian workforce would be? No one in ASEAN could touch us! We would be so strong because we could combine the strengths of the many races. You know this is one of the successes of Air Asia that I didn't mention earlier. You know, our staff, we don't treat each other as if we're segmented by race. You know they all get together, swear at me together and things like that. We're united."
Delegate pass & folder
I left soon after that, heading off with my parents to walk around Pavillion before heading back home after a long Sunday. It was definitely a worthwhile experience.