Helpful Hints From Those Who Are Building Businesses

wwc 040821 makers

STARTING a business is exciting.

But maintaining the excitement and growing the business requires tenacity, smarts, connections and ingenuity, especially in challenging times.

For the panellists in this WED WEB CHAT — The Maker Mindset, they have just started their journey; applying their knowledge and know how to build products and services that they believe have potential to grow.

Tan Guan Wei, who together with his university mates has started up luna, a jewellery business making engagement rings with moissanite instead of diamonds.

Vinnie Tan has developed nutritious pet food and supplements that she feels will be vital when she sets up a shelter for pets abandoned when things return to normal. Watch out for her brand Soffice Doods.

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Addy Rasidi is a rock guitarist and composer who is creating a line of custom guitars with Emiya Guitars.

While it’s great to start a business, what happens when it does poorly? Or there are shareholder conflicts? What’s your exit strategy?

The panellists have mixed views on this. Highlights from the WED WEB CHAT are featured below and the full discussion is at the end of the article.

In the video below the panellists talk about the reasons for starting the business, and what their strategies are. Grow or Sell?

What’s the exit strategy when the business starts floundering or your position becomes precarious?

What are the benefits of having a customised guitar? Addy Rasidi talks about the reasons behind creating Eden guitars, a customised range, within the Emiya Guitars brand.

Watch the full discussion of WED WEB CHAT — The Maker Mindset below.

Watch our previous wedwebchats:

If you have a topic that is of interest, or have someone who would make a good panellist with a thought-provoking perspective on a subject, please email with your details and a short summary.

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