Starting a business is not easy, and many will make mistakes along the way, so wouldn’t it be good if successful businessmen share their experience with budding entrepreneurs? JOY LEE talks to PKT’s Michael Tio.
ENTREPRENEURSHIP may seem an exciting prospect — you get the freedom to build your own dream the way you want it. But entrepreneurship can also be a rather lonely journey with plenty of mistakes made.
As such, it would be a good idea for entrepreneurs who have made it to give back to the community by sharing the stories of their own journey, says PKT’s Dato’ Michael Tio.
Tio has always been eager to share what he knows. It saves others from making the same mistakes and helps them do things better, he opines.
“I see myself in a position to help them. These may not be the best methods but they are the things that I have done,” he explains. “And it may not be the best way or the most suitable for you, but it could help you to improvise.”
Tio has been approached by many small business owners who are keen to learn how he has managed to turn a small, dreary logistics business into a vibrant company that has a long line of young people waiting to join it.
“PKT is like a role model. I have a lot of people following me on Facebook. Everyone wants to learn and wants to meet up to ask questions. But it’s hard for us to meet everybody,” he says.
Tio has created several avenues for others to learn from his experience, including organising regular study trips with other entrepreneurs. He started organising these trips two years ago and has found them to be beneficial to many.
His most recent trip was in January, which saw 23 participants joining him as he gallivanted around New Zealand. Tio’s trips are not just holidays to exotic places, of course. They also give entrepreneurs an opportunity to spend two weeks with Tio to pick his brain on the practices and culture at PKT.
“We share rooms during the trip. We may be CEOs, but learning to share rooms is stepping out of our comfort zones. It is quite fun. It helps us get to know a person better. I have roommates giving me masks and earplugs for their snoring,” laughs Tio.
This helps take down the barrier between participants, creating a more conducive environment for them to share the experience of running a business and to encourage and learn from each other, he says.
Tio notes that some participants have tried to implement some of PKT’s management practices prior to the New Zealand trip and have positive feedback on the changes they have observed unfolding.
Apart from enjoying the great Kiwi outdoors, the group also spent a lot of time brainstorming about management. It’s not all just sleep and empty conversations, assures Tio.
Tio himself has come away from these trips with some nuggets of inspiration.
“It shows that it works. I hope to impact them. And the participants continue to meet even after the trip. The relationship is there. They continue to ask questions and continue to reaffirm each other.
“A lot of entrepreneurs need this kind of help but don’t know where to get it. I want to encourage them to keep sharing. If people concentrate on sharing positive news, it is a good world to live in,” he says.
Tio also ensures that there is a good mix of participants for the trips to encourage positive networking among them.
While these trips may seem like they are meant for an exclusive group, Tio says those following him on social media are also able to learn from the sharing done online.
“We are also doing online mentoring. People get to learn from observing us. And we want to teach people to have the right culture,” he says.
Recent Press Release
Other Press Release
- July 2024
- May 2024
- March 2024
- January 2024
- December 2023
- November 2023
- October 2023
- August 2023
- July 2023
- June 2023
- May 2023
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- June 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- August 2019
- May 2019
- March 2019
- February 2019
- January 2019
- November 2018
- September 2018
- August 2018
- July 2018
- November 2017
- September 2017
- August 2017
- July 2017
- May 2017
- March 2017
- February 2017
- December 2016
- October 2016
- July 2016
- June 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- January 2015
- December 2014
- November 2014
- September 2014
- August 2014
- June 2014
- May 2014
- September 2013
- August 2013
- July 2013
- June 2013
- March 2013
- November 2012
- October 2012
- July 2012
- June 2012
- April 2012
- March 2012
- February 2012
- January 2012
- November 2011
- October 2011
- September 2011
- August 2011
- April 2011
- September 2010
- October 2009
- March 2009
- June 2008