SlideShare a Scribd company logo
7½ Lessons Learned From
Starting Up,
Selling Out
& Making It Up As I Go Along…
February 23 2016
•  Accounting
•  Legal
•  Real Estate
•  Insurance
Trust Me: I’ve Failed…and Succeeded.
•  Started a company
•  Survived the Dotcom crash
•  Opened 6 offices
•  Started an industry association
•  Started another company
•  Shut Taiwan office
•  Bought 5 businesses
•  Sold a business line
•  Listed on London’s AIM stock exchange
•  Sold a company
•  Hired 300 people – fired 20
7½ Lessons Learned From Starting Up, Selling Out & Making It Up As I Go Along…
1.  Build enterprise grade
2.  Hire around your core team
3.  Get great at your core offering fast
4.  Get scalable fast
5.  Accounting => Finance
6.  HR
7.  Marketing
7½. Embrace Risk
1. Build Enterprise Grade
•  Strong
•  Tough
•  Realistic
•  Valuable
•  Sellable
2. Build around your core team
•  Figure out what you’ve got
•  Don’t duplicate Founders’ skills
•  Hedge Founders’ weaknesses
3. Get Your Service Delivery Right
•  Innovation…
•  …and efficiency…
•  And 99.99999% uptime
•  No rookie mistakes
4. No Company Ever Shrank To Greatness
•  Be robust and scalable
•  Don’t wobble when it gets tough
•  Don’t cut when you don’t have to
•  Be valuable as a whole, not cobbled together
5. Love your accountant
•  One day accounting grows up to be
finance
– When?
– More than admin
6. HR – it is what you make of it
•  Talent sourcing/retention…
•  …or admin
•  Hire 3, fire 1
7. ABM – Always Be Marketing
•  Corporate marketing
•  Product marketing
•  Channel marketing
•  Investor marketing
7 ½ - Take crazy risks
•  You can’t go back later
and be bolder
Thank You
Contact:
David Ketchum
David.Ketchum@CurrentAsia.com
+852 9034 2528
13
Hong Kong
BOC Group Life Assurance Tower, 12/F
136 Des Voeux Road Central
Hong Kong
Singapore
Singapore Land Tower, Level 30
50 Raffles Place
Singapore 048623

More Related Content

What's hot

What's hot (6)

Marks Sattin Singapore Market Insights
Marks Sattin Singapore Market InsightsMarks Sattin Singapore Market Insights
Marks Sattin Singapore Market Insights
 
Lamid Business Guides
Lamid Business GuidesLamid Business Guides
Lamid Business Guides
 
Self employment and business start ups coaching for the self-employed
Self employment and business start ups coaching for the self-employedSelf employment and business start ups coaching for the self-employed
Self employment and business start ups coaching for the self-employed
 
Considering self-employment? from Grow Your Business Club
Considering self-employment? from Grow Your Business ClubConsidering self-employment? from Grow Your Business Club
Considering self-employment? from Grow Your Business Club
 
How to build a business for Value
How to build a business for ValueHow to build a business for Value
How to build a business for Value
 
2017 business coaching for startups and the self employed
2017 business coaching for startups and the self employed2017 business coaching for startups and the self employed
2017 business coaching for startups and the self employed
 

Similar to 7 1/2 Lessons I Learned from Starting Up, Selling Out and Making It Up As I Go Along - David Ketchum At Phandeeyar

Strategies for Taking Charge of Your Life and Law Practice
Strategies for Taking Charge of Your Life and Law PracticeStrategies for Taking Charge of Your Life and Law Practice
Strategies for Taking Charge of Your Life and Law Practice
Cynthia Sharp
 
Presentation at Wharton West
Presentation at Wharton West Presentation at Wharton West
Presentation at Wharton West
Jay Jamison
 
How to Maximise the Value of Your Business
How to Maximise the Value of Your BusinessHow to Maximise the Value of Your Business
How to Maximise the Value of Your Business
davidguest11
 
7 habits lawyer_north qld 201
7 habits lawyer_north qld 2017 habits lawyer_north qld 201
7 habits lawyer_north qld 201
Orbit
 

Similar to 7 1/2 Lessons I Learned from Starting Up, Selling Out and Making It Up As I Go Along - David Ketchum At Phandeeyar (20)

Strategies for Taking Charge of Your Life and Law Practice
Strategies for Taking Charge of Your Life and Law PracticeStrategies for Taking Charge of Your Life and Law Practice
Strategies for Taking Charge of Your Life and Law Practice
 
A prop firm's transition to building multi product, multi-market discretionar...
A prop firm's transition to building multi product, multi-market discretionar...A prop firm's transition to building multi product, multi-market discretionar...
A prop firm's transition to building multi product, multi-market discretionar...
 
Presentation at Wharton West
Presentation at Wharton West Presentation at Wharton West
Presentation at Wharton West
 
Law and entrepreneurship at duke 01 26 2012
Law and entrepreneurship at duke 01 26 2012Law and entrepreneurship at duke 01 26 2012
Law and entrepreneurship at duke 01 26 2012
 
The journey of an entrepeneur
The journey of an entrepeneurThe journey of an entrepeneur
The journey of an entrepeneur
 
How to plan your Exit Strategy
How to plan your Exit Strategy How to plan your Exit Strategy
How to plan your Exit Strategy
 
Angel Investor Engagement for Entrepreneurs
Angel Investor Engagement for EntrepreneursAngel Investor Engagement for Entrepreneurs
Angel Investor Engagement for Entrepreneurs
 
How to Maximise the Value of Your Business
How to Maximise the Value of Your BusinessHow to Maximise the Value of Your Business
How to Maximise the Value of Your Business
 
Brian activation, goal setting & millionair mindset
Brian activation, goal setting & millionair mindsetBrian activation, goal setting & millionair mindset
Brian activation, goal setting & millionair mindset
 
How to successfully run your trade business whilst you're off site
How to successfully run your trade business whilst you're off siteHow to successfully run your trade business whilst you're off site
How to successfully run your trade business whilst you're off site
 
How to Prepare to Sell or Finance your Company
How to Prepare to Sell or Finance your CompanyHow to Prepare to Sell or Finance your Company
How to Prepare to Sell or Finance your Company
 
Top tips to develop effective, collaborative corporate relationships & se...
Top tips to develop effective, collaborative corporate relationships & se...Top tips to develop effective, collaborative corporate relationships & se...
Top tips to develop effective, collaborative corporate relationships & se...
 
How to really start your own business
How to really start your own businessHow to really start your own business
How to really start your own business
 
Kleos Africa webinar Babatunde Akin-Moses - Business Valuation Simplified
Kleos Africa webinar   Babatunde Akin-Moses - Business Valuation SimplifiedKleos Africa webinar   Babatunde Akin-Moses - Business Valuation Simplified
Kleos Africa webinar Babatunde Akin-Moses - Business Valuation Simplified
 
7 habits lawyer_north qld 201
7 habits lawyer_north qld 2017 habits lawyer_north qld 201
7 habits lawyer_north qld 201
 
Flextronics’ Experiential Learning: Breaking Through Barriers to Profitabilit...
Flextronics’ Experiential Learning: Breaking Through Barriers to Profitabilit...Flextronics’ Experiential Learning: Breaking Through Barriers to Profitabilit...
Flextronics’ Experiential Learning: Breaking Through Barriers to Profitabilit...
 
SUGPP
SUGPPSUGPP
SUGPP
 
How do we mentor
How do we mentorHow do we mentor
How do we mentor
 
Imperial College - Early Stage Investment
Imperial College - Early Stage InvestmentImperial College - Early Stage Investment
Imperial College - Early Stage Investment
 
Lean start up bootcamp 1 introduction
Lean start up bootcamp 1   introductionLean start up bootcamp 1   introduction
Lean start up bootcamp 1 introduction
 

Recently uploaded

anas about venice for grade 6f about venice
anas about venice for grade 6f about veniceanas about venice for grade 6f about venice
anas about venice for grade 6f about venice
anasabutalha2013
 
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBdCree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
creerey
 
20240425_ TJ Communications Credentials_compressed.pdf
20240425_ TJ Communications Credentials_compressed.pdf20240425_ TJ Communications Credentials_compressed.pdf
20240425_ TJ Communications Credentials_compressed.pdf
tjcomstrang
 
chapter 10 - excise tax of transfer and business taxation
chapter 10 - excise tax of transfer and business taxationchapter 10 - excise tax of transfer and business taxation
chapter 10 - excise tax of transfer and business taxation
AUDIJEAngelo
 
PETAVIT SIP-01.pdfAAAAAAAAAAAAAAAAAAAAAAAAAAA
PETAVIT SIP-01.pdfAAAAAAAAAAAAAAAAAAAAAAAAAAAPETAVIT SIP-01.pdfAAAAAAAAAAAAAAAAAAAAAAAAAAA
PETAVIT SIP-01.pdfAAAAAAAAAAAAAAAAAAAAAAAAAAA
lawrenceads01
 

Recently uploaded (20)

IPTV Subscription UK: Your Guide to Choosing the Best Service
IPTV Subscription UK: Your Guide to Choosing the Best ServiceIPTV Subscription UK: Your Guide to Choosing the Best Service
IPTV Subscription UK: Your Guide to Choosing the Best Service
 
Skye Residences | Extended Stay Residences Near Toronto Airport
Skye Residences | Extended Stay Residences Near Toronto AirportSkye Residences | Extended Stay Residences Near Toronto Airport
Skye Residences | Extended Stay Residences Near Toronto Airport
 
anas about venice for grade 6f about venice
anas about venice for grade 6f about veniceanas about venice for grade 6f about venice
anas about venice for grade 6f about venice
 
Putting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptxPutting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptx
 
University of Connecticut Fees, Courses, Acceptance Rate, Admission deadline,...
University of Connecticut Fees, Courses, Acceptance Rate, Admission deadline,...University of Connecticut Fees, Courses, Acceptance Rate, Admission deadline,...
University of Connecticut Fees, Courses, Acceptance Rate, Admission deadline,...
 
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBdCree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
 
Commercial RO Plant Manufacturer In Noida.pdf
Commercial RO Plant Manufacturer In Noida.pdfCommercial RO Plant Manufacturer In Noida.pdf
Commercial RO Plant Manufacturer In Noida.pdf
 
The-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic managementThe-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic management
 
20240425_ TJ Communications Credentials_compressed.pdf
20240425_ TJ Communications Credentials_compressed.pdf20240425_ TJ Communications Credentials_compressed.pdf
20240425_ TJ Communications Credentials_compressed.pdf
 
chapter 10 - excise tax of transfer and business taxation
chapter 10 - excise tax of transfer and business taxationchapter 10 - excise tax of transfer and business taxation
chapter 10 - excise tax of transfer and business taxation
 
Global Interconnection Group Joint Venture[960] (1).pdf
Global Interconnection Group Joint Venture[960] (1).pdfGlobal Interconnection Group Joint Venture[960] (1).pdf
Global Interconnection Group Joint Venture[960] (1).pdf
 
Cracking the Workplace Discipline Code Main.pptx
Cracking the Workplace Discipline Code Main.pptxCracking the Workplace Discipline Code Main.pptx
Cracking the Workplace Discipline Code Main.pptx
 
Matt Conway - Attorney - A Knowledgeable Professional - Kentucky.pdf
Matt Conway - Attorney - A Knowledgeable Professional - Kentucky.pdfMatt Conway - Attorney - A Knowledgeable Professional - Kentucky.pdf
Matt Conway - Attorney - A Knowledgeable Professional - Kentucky.pdf
 
April 2024 Nostalgia Products Newsletter
April 2024 Nostalgia Products NewsletterApril 2024 Nostalgia Products Newsletter
April 2024 Nostalgia Products Newsletter
 
Premium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern BusinessesPremium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern Businesses
 
What are the main advantages of using HR recruiter services.pdf
What are the main advantages of using HR recruiter services.pdfWhat are the main advantages of using HR recruiter services.pdf
What are the main advantages of using HR recruiter services.pdf
 
PETAVIT SIP-01.pdfAAAAAAAAAAAAAAAAAAAAAAAAAAA
PETAVIT SIP-01.pdfAAAAAAAAAAAAAAAAAAAAAAAAAAAPETAVIT SIP-01.pdfAAAAAAAAAAAAAAAAAAAAAAAAAAA
PETAVIT SIP-01.pdfAAAAAAAAAAAAAAAAAAAAAAAAAAA
 
12 Conversion Rate Optimization Strategies for Ecommerce Websites.pdf
12 Conversion Rate Optimization Strategies for Ecommerce Websites.pdf12 Conversion Rate Optimization Strategies for Ecommerce Websites.pdf
12 Conversion Rate Optimization Strategies for Ecommerce Websites.pdf
 
lecture 02 managerial accounting. chapter 02pptx
lecture 02 managerial accounting. chapter 02pptxlecture 02 managerial accounting. chapter 02pptx
lecture 02 managerial accounting. chapter 02pptx
 
The Parable of the Pipeline a book every new businessman or business student ...
The Parable of the Pipeline a book every new businessman or business student ...The Parable of the Pipeline a book every new businessman or business student ...
The Parable of the Pipeline a book every new businessman or business student ...
 

7 1/2 Lessons I Learned from Starting Up, Selling Out and Making It Up As I Go Along - David Ketchum At Phandeeyar

  • 1. 7½ Lessons Learned From Starting Up, Selling Out & Making It Up As I Go Along… February 23 2016
  • 2. •  Accounting •  Legal •  Real Estate •  Insurance
  • 3. Trust Me: I’ve Failed…and Succeeded. •  Started a company •  Survived the Dotcom crash •  Opened 6 offices •  Started an industry association •  Started another company •  Shut Taiwan office •  Bought 5 businesses •  Sold a business line •  Listed on London’s AIM stock exchange •  Sold a company •  Hired 300 people – fired 20
  • 4. 7½ Lessons Learned From Starting Up, Selling Out & Making It Up As I Go Along… 1.  Build enterprise grade 2.  Hire around your core team 3.  Get great at your core offering fast 4.  Get scalable fast 5.  Accounting => Finance 6.  HR 7.  Marketing 7½. Embrace Risk
  • 5. 1. Build Enterprise Grade •  Strong •  Tough •  Realistic •  Valuable •  Sellable
  • 6. 2. Build around your core team •  Figure out what you’ve got •  Don’t duplicate Founders’ skills •  Hedge Founders’ weaknesses
  • 7. 3. Get Your Service Delivery Right •  Innovation… •  …and efficiency… •  And 99.99999% uptime •  No rookie mistakes
  • 8. 4. No Company Ever Shrank To Greatness •  Be robust and scalable •  Don’t wobble when it gets tough •  Don’t cut when you don’t have to •  Be valuable as a whole, not cobbled together
  • 9. 5. Love your accountant •  One day accounting grows up to be finance – When? – More than admin
  • 10. 6. HR – it is what you make of it •  Talent sourcing/retention… •  …or admin •  Hire 3, fire 1
  • 11. 7. ABM – Always Be Marketing •  Corporate marketing •  Product marketing •  Channel marketing •  Investor marketing
  • 12. 7 ½ - Take crazy risks •  You can’t go back later and be bolder
  • 13. Thank You Contact: David Ketchum David.Ketchum@CurrentAsia.com +852 9034 2528 13 Hong Kong BOC Group Life Assurance Tower, 12/F 136 Des Voeux Road Central Hong Kong Singapore Singapore Land Tower, Level 30 50 Raffles Place Singapore 048623