The CEO of this multimillion-dollar start-up has 3 tips for starting your own business

  • 📰 CNBC
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

The CEO of this multimillion-dollar start-up has 3 tips for starting your own business (via CNBCMakeIt)

When former wealth manager Keith Tan gave up his finance job in 2015, he was scarcely aware of the entrepreneurial journey that lay ahead.

In Tan's case, when he designed Ella in 2018, it was not for sheer novelty. Rather, he wanted to find a real solution to the manpower shortages that afflicted his coffee shop and other food and beverage outlets.founder and CEO, Crown Digital "There was no point building robots for the sake of it," he said. "You need to back it up with a business model that's sustainable."Next, you need to get buy-in for your ideas, whether it be from co-founders, investors, employees or customers.Singapore's first robotic barista, Ella, is created by internet of things start-up Crown Digital.

For Tan, that meant teaming up with transport operators like Japan's JR East railway company and Singapore's SMRT subway network to make his product available to more consumers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

MakeIt 1 use your rich relatives' Money and connections

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Permanent Shift In Travel Could Keep RV Market Booming, Outdoorsy CEO Is Betting On ItI'm an assistant editor at Forbes covering money and markets. Before joining Forbes, I worked at NextEra Energy, Inc. developing and implementing successful media relations and public relations campaigns in the energy industry. I graduated from Stetson University with a degree in Finance, and have a master's degree in Journalism and International Relations from New York University, where I worked as a staff writer for Latin America News Dispatch and New York Magazine's Bedford + Bowery.
Source: Forbes - 🏆 394. / 53 Read more »

Kohl's CEO Michelle Gass says company is working to understand proposal from activist groupKohl's CEO Michelle Gass said the retailer is doing due diligence after receiving a letter from activist group Engine Capital.
Source: CNBC - 🏆 12. / 72 Read more »