Importance of Credentials (Good Relationship Helps)

Almost half a year into my small venture with my dedicated team and its been going well so far. I’ve been very lucky to have met quite a number of people whom are now business partners of 24seven. Its amazing how things fall into place on their own. When we started, I had a long list of leads I want to call and catch up with. But when we started till date, I have yet managed to go through even one-quarter of that list. Our namecards got passed around and thanks to good karma and relationship forged way before I started, contacts were also passed around. And its amazing how much these relationship eventually turn around. One thing for everyone out there, don’t underestimate the power of good karma, and never avoid building relationship with that new comer in a company. You’ll never know when he or she will get promoted and become the one who makes the decisions. Or he may know someone whom may one day be your business partner.

Good relationships though important, it is only the first step to the many great things that may come. You will need to have good referrals and credentials to back you up in the business world. Especially when you are small and starting up, the big corporations may know who you are, but in order to sign the confirmation, they need to make sure your company is reliable and has a team who can execute the work effectively.

One thing that my team lacks, is credentials from related field of work. With no PR nor corporate communications experience, we struggled when we present to new clients whom we have no past relationship with. And generating our first list of credentials is tough. But I’m glad we’re getting there. Slowly but surely. Thanks to all those who are giving us the chance to prove ourselves.

Another thing which my previous boss taught me, and something which I’d experienced myself not no ago, its that knowing big names from high up in the corporate leader may sound amazing and great. They may be the one who sign on the pay check for that deal, but the decision is made together with his team and the people executing and managing the campaigns. Knowing that big name may make it easier when the executives proposed something and mentioned your name. But that’s that. Unless of course, that big shot high up there is your Dad, than the story changes.

If you are starting up, or planning to, go get your credentials and referrals accumulated. Start paying forward and grab any opportunity that comes your way with real interests and passion. Don’t do it because you have to, do it because you want to!

Some thoughts from the @.@ panda entrepreneur.

Pain of an entrepreneur

If you’ve never been on the other side of a payroll cycle, let me share with you how it feels and the thoughts that goes through the mind of an entrepreneur who has got paychecks to issue at the start of every month!

Yes! Its the time of the month! When I was on a payroll, this day seemed to be coming so slowly! But now that I’m the one doing the payroll, this day seems to be coming too fast too quickly! Just when you think you’d issued the previous payroll, the next one is here again! Why didn’t I feel that days were passing so quickly when I’m waiting for my paycheck in the past?

Its scary to see the stream going in just one direction. No income but with monthly recurring expenses. The paychecks, the rental and the monthly necessities! I’m very used to looking at my own bank account going red, but for a company, this is a 101% NO! NO! So how can one ensure that the numbers never go red in the book?

Few tips from this panda entrepreneur…

  • Ensure sufficient cash in bank. The amount should at least meet the basic expenses for the next six months.
  • Remember to send out your invoices in time! No business partners nor clients will remind you for this one. So if you are doing all your invoicing too, make sure they go out on time. Chase for payment if you have to. In business world, there’s nothing as “shy”.
  • Make friends with your suppliers and vendors. If possible, the best scenario is to get supply/ job done first and pay later or better still, pay them only when your client pays you. Only very good friends/partners will allow this. So be nice and build that relationship.
  • Treat your team like your family. When times are tight, they will understand when the pay check comes in late. Treating them like family also makes working more fun and motivating.

Now… back to crunching those numbers in the accounts.

Claud the Panda Entrepreneur @.@

If you’re wondering what’s happening to Claudia lately, than this post is for you!

Before I share my story, let me introduce a new banner (section) to the already messy blog…

Yap! That’s right! This is where I will share about my experience, pain, sorrow, excitement, journey, happiness, story and so on with you (whoever you are). Since I’m only a couple of months into my journey as an entrepreneur, I’m sure this section will be an extensive collection of experiences and stories that perhaps one day, someone somewhere might be keen to help me publish it into a book! Than I might become the next Guy Kawasaki? *blank stare at myself*

Right, so why is Claudia, the already panda, becoming even more like a panda with double punch on the eyes? That’s because starting up is NOT easy! If you read anywhere telling you how easy it is to start your own business, its all bull shitake (ref to @guykawasaki)! Especially the part where you start forming your team, getting your developers and the non-developers in sync to work on the big picture, setting up the accounts, settling down in the office, building up your leads, meeting people, pitching ideals, sending that first service order and so much more!!

That’s what I’d been doing for the past one month, almost 24hours 7 days a week! That causes me to lose my radiance and adding more darkness to my already dark panda eyes. As witnessed by my team who are seeing me turn more and more chao lao as the days passes! I think I might look like this even before I’m 60!

But I’ve to admit, no other job will ever beat the kind of excitement and rush one gets for starting up on its own! And I’m very grateful to have a great team to work with. And also am very blessed to have met the many angels and saints that I’ve befriend. All your support and encouragement means a lot to me and my team.

If you’re interested to find out the real life experience of an entrepreneur who’s thirsty for survival and hunger for success, than come back for more from Claud the Entrepreneur (aka CTE!! How interesting!). The journey on CTE is never a smooth going one. There might be breakdowns along the way, jam that goes on and on during peak hours, the occasional slow moving traffic and time at night where you see speeding cabs and vehicles dashing to who-knows-where for who-knows-what.

I will be back (whenever I can) to share bite size stories with you. Till than, look out for a few to-be-typed and published reviews. Hope I can squeeze time out between work and rest over the weekend to get these reviews out.