STOMPer Dough feels that being a successful young entrepreneur in Singapore is not impossible. This was in response to a New Paper article (June 24) the STOMPer read, which details how some young adults have made it big before the age of 30.
The article details how sisters 24-year-old Clare Chan and 20-year-old Magdelene Chan started Hervelvetvase, a fashion blogshop that soon grew into a million-dollar business.
The site launches two 10 piece collections every week, with the help of its 12 women team. Most of the pieces are priced between $20 and $30, and they are designed by the sisters themselves.
The pieces are then sent to China to be manufactured. The sisters started their business in 2007, with just three pieces of clothing sourced from the wholesale streets of Melbourne.
Another example of a successful young entrepreneur is Marcus Cheng, who, together with two partners, founded the IT company Acclivis Technologies and Solutions in 2009, when he was 29.
Within its first year of operation, the company reaped an annual revenue of $15 million, and in 2011, this figure jumped to $22 million. Acclivis supplies the needs of enterprises, from data management to backup and disaster recovery.
The company is headquatered in the Paya Lebar area and employs about 80 people, and it even has a branch in Indonesia.
One other example of a young adult who made it big is Edward Chia, the managing director of Timbre Group. The company was founded by him and his partner, Danny Leong, and posted a revenue of $13 million last year and is expected to rake in $12 million to $14 million this year.
The brand has several food and beverage outlets which feature live bands, a music school and an artiste management ar under its name. It also organises large-scale events, such as the recently concluded Beerfest Asia.
Said STOMPer Dough:
"According to the report, entrepreneurs in Singapore are starting at a younger age.
"Though not all of them are successful long term, seing these few examples is encouraging.
"Hopefully more youths will follow in their footsteps and make bold decisions in life."
Images 1 to 3 show local entrepreneurs who have made it big. Images 4 to 11 in the gallery are of Asia's beautiful heiresses while the rest of the gallery features influential women from around the world, both Asian and of other nationalities.