32-year-old founders of multimillion-dollar app share their No. 1 tip for starting a business

But they knew one thing for sure: get a basic product to market as soon as possible — that's the advice they stand by today.

Once Halim and his banker wife, Lim, identified an opportunity to bring a clothes rental service to Singapore, they wasted little time in creating a waitlist to gauge interest before rolling out the service to a small number of consumers.Chris HalimAs demand grew, the couple expanded their user base and apparel collection, adapting to customer requests as they went.which recommends entrepreneurs build a minimum viable product and then test and iterate quickly in response to customer feedback.

In entrepreneurship, you face failures every day ... it's much more important to focus on what are you going to do next."That future is for you to build and you get to dream it with your team and say, let's make the call to do something so different," said co-founder Lim.

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