Continuously improving ourselves is the only way

KEEP IT FOR MYSELF AND THOSE WHO NEED

Three stories to begin with:
1. Nokia refused Android
2. Yahoo refused Google
3. Kodak refused digital cameras

Lessons:
1. Take risks
2. Embrace change
3. If you refuse to change with time, you will be obsolete

Two more stories:
1. Facebook takes over WhatsApp and Instagram
2. Grab takes over Uber

Lessons:
1. Become so powerful that your competitors become your allies
2. Reach the top position and then eliminate the competition
3. Keep innovating

Two more stories:
1. Colonel Sanders founded KFC at the age of 65
2. Jack Ma, who couldn’t get a job at KFC, founded Alibaba, and retired at 55

Lessons:
1. Age is just a number
2. Only those who keep trying will succeed

Last but not the least:
Lamborghini was founded as a result of the revenge of a tractor owner who was insulted by Enzy Ferrari, the founder of Ferrari

Lessons:

Never underestimate anyone, ever!
✔️Just keep working hard
✔️ Invest your time wisely
✔️ Don’t be afraid to fail

… UPGRADE OURSELF CONTINUOUSLY

What should leaders keep in mind in the time of crisis to make an impact?

My keynote at RMIT Webinar: “Leadership Mindset In Difficult Times” on 20 May, 2020.

————————————————-

Hello everyone,

 

Thanks RMIT for inviting me to share with the young talents. 

I will start my sharing about mindset by telling 4 stories which reflect mindset messages.  

1. A choice is always available for you (Bế Thị Băng)

 

Born as a normal girl in the highland, she grows up like other normal kids. Then she got an accident. The container truck hit the back of her motorbike, the wheel clamped on the motorbike and her right leg and dragged her along the road. Waking up after surgery, Bang was shocked to learn that one of her legs had been cut. 

At that time, Bang was only 24 years old. Just got a job. The skype seems to fall in front of her eyes. 

Last year, she was the winner of crescent moon contest by her impressive dance performance. (You can watch here). What else can she do? She can swim and she is a dentist and married a German professor

Talking about her disadvantage, Bang expressed: “I tell myself that whether we are disabled or healthy, we have the right to equality and to live and be confident with ourselves.”

 Similarly, it’s not your fault if you were born poor or some accidents happen to your life or prone to mental illness. But it is your responsibility to figure out how to deal with your situation.

No one else can heal your emotional wounds but you. No one else can fix your toxic relationship with money but you. No one else can make you stop addicting to social media/phone but you. 

That isn’t to say you have to do it all by yourself. You should seek out help if you need  a coach/mentor and get financial help when your luck is down. But for better or worse, at the end of the day, it’s all on you.

 

2. No one will believe in you unless you do (Ritesh Agarwal)

Ritesh Agarwal was born in Rayagada, India – a city where most people  make no more than 10 dollars a day. He grew up very poor and he struggled for 18 years. He did not go to the university and he had no career according to his neighbor. At some point, he was kicked out of his own apartment with 50 cents in his banking account 

He knows that his life is hard and well aware of it. He did not chase money but try to solve the issue that made his life and other lives better. He observed that the hotel owner did not make a lot of money so he took the biggest risk of his life to promise to bring more customers to the hotel. Then he came to the hotel to change the lightbulb, bed and put water and painting to increase the standard of the hotel and then took pictures to put one on the internet and Change the name OyO hotel. Finally,  more customers came to the hotel and OyO became the largest hotel chain in the world 

He received a Thiel Fellowship that paid him $100,000 over two years to create a startup.

He raised $25 million (Rupees 150 crore) from San Francisco-based Greenoaks Capital and existing investors Sequoia, DSG Consumer Partners and LightSpeed Ventures. 

He became the youngest billionaire in India with a hard childhood thanks to an elegant solution to the problem with the guts and fortitude to build.

There are enough people who tell us that we are not good enough, why do we want to tell ourselves that negative thought?  Your thoughts are a catalyst for self-perpetuating cycles. What you think directly influences your feelings and behaviors . So if you think you’re a failure, you’ll feel like a failure. Then, you’ll act like a failure, which reinforces your belief that you must be a failure.

Listen to what you believe and do your best to bring solutions to the issues that you discover. 

Consistently learn and improve until you get it. When you can do it once, you can do it again and again. No one will believe in you unless you believe in yourself.

3. See the world as it is, not as you wish it would be (Boyan Slat)

Boyan Slat is a Dutch inventor and the CEO of The Ocean Cleanup.

In 2011, at the age of 16, while Slat dive in Greece, he found there were more plastic than fish in the ocean. Instead of complaining and being angry, he decided to devote a high school project for deeper investigation into ocean plastic pollution and why it was considered impossible to clean up. He later came up with the idea to build a passive system which uses the circulating ocean currents to his advantage. Then he presented at a TEDx talk in Delft in 2012.

Slat discontinued his aerospace engineering studies at TU Delft to devote his time to developing his idea. He founded The Ocean Cleanup in 2013, and shortly after, his TEDx talk went viral after being shared on several news websites.

Then he received all of the awards you can think of such as the Champions of the Earth award of the United Nations Environment Programme, Forbes “30 under 30” list In 2016, a Thiel Fellowship receiver, European of the Year,  Dutchman of the Year 2017.

 In 2018, Slat was awarded the Leonardo da Vinci International Art Award and Euronews award “European Entrepreneur of the Year”.

If he just showed his judgment on everyone else with rage  for throwing trash in the ocean—well, no one would have listened to him. Then the ocean will appear with more trash and plastic and other waste and hundreds of species in the ocean will disappear.

It is easy for us to judge, criticise and comment behind the screen with the air conditioner but it takes guts, hearts and brains to act like the problem solver.  

Action speaks louder than words and when you see the real ugly world as it is, not as you wish it would be, you come up with a solution which gradually influences others with the actions. 

4. Lead by example then people will follow

 

This is the last story that I want to share today. 

As an entrepreneur, I suffer a lot from Coronavirus pandemic. However, instead staying at home and crying, I chose to be different and meaningful to my life and others.

I want to build a stronger culture, improve myself and others who go with me as this pandemic is just one of the worst events that happens to our life and we have more unexpected events in life. 

I started a plank challenge in my company to encourage people to exercise and lose weight ;and daily meditation to help our team mind stronger and focus their concentration on things that matter the most. 

The Result was great, my team works better and faster online even though we suffer a lot from the beginning. I lost 5 kg and gained more muscles. At first, it is weird that my team will meditate with me in the morning, now that is the first thing they do in the morning with me.  

Secondly, when I saw the old man crying on the street with the lottery ticket. I feel really bad, I also want to help him and many miserable lives on the street But my resources and capacity are limited.  

Therefore, I want to initiate a project or platform that helps not only the youth but also the less fortunate one with automatic mechanisms. That’s why GIVE IT BACK was born to support the youth to accomplish more via mentoring 1 on 1 models as well as give a chance for them to give it back and share the difficulties with those less fortunate with their capacity. You can see the value cycle in this project and the youth know that they are lucky and impactful at the same time. 

I ,as a founder, invest my time and money to execute the project but mentors give their free valuable time to mentees. Mentees help the poor via their real action (money).

I can do nothing to support these people and be fine but I chose to act to help my people and the youth. Thanks to that, people follow me, support me and achieve more with me.

The question for you is what are you willing to suffer to make your life and other lives better?

Whether we like it or not, life is hard to predict and happen as we wish. What we can control is our thoughts and actions we have. Therefore, Choose wisely what mindset you should have and avoid 

 

I believe when life gives you lemons, you should make lemonade…and try to find someone whose life has given them vodka/whiskey, and then we can have a party.”

 

Thank you

WHY DO WE NEED TO BE RESILIENT TO LIVE A SUCCESSFUL LIFE?

The Slight Edge was a book given to me on the very first day of my career. It was a gift from my first boss which is why I appreciate it as much as I do. 

The core message is simple but meaningful and readers must know how to reflect upon it for themselves, otherwise The Slight Edge is in danger of becoming just another book on the shelf. 

THE SLIGHT EDGE PHILOSOPHY 

According to Jeff Olson, the edge is the “door” that determines whether or not you will be successful. The secret in being successful in life, says The Slight Edge, is the “Simple productive actions, repeated consistently over time that ultimately leads to success”.

The problem is that not many people continuously choose to take these actions, which are easy to do, as they are also activities that are easy to skip. This is the main reason that leads to the difference in 5% of successful people compared to 95% of failure.

IF THEY ARE SIMPLE, WHY DO PEOPLE FAILTO IMPLEMENT THEM?

It is simply because these small actions do not have an immediate effect on your life when you decide not to do them. 

We are living in the world of “on-demand” service of a 4.0 technology revolution, in which with just a click you can get whatever you want. We do not have to wait to get what we want. We tend to be less patient, we want to get to the result without making progress or efforts. This 4.0 lifestyle makes it easier to give up or stop doing something if it is not convenient for us to do. 

As Einstein’s Theory of General Relativity states, “the observed gravitational effect between masses results from their warping of spacetime.” If your daily choices are productive, it will help you move upward, so that your lifeline will be on the upper half (only 5% of people achieve this). Unless your line is downward and your position is at the lower part (95% fall into this category). 

WHAT MAKES OTHERS SUCCESSFUL IN LIFE? 

 

  • SELF-DISCIPLINE

 

Easy choices, hard life. Hard choices, easy life.

This is my favorite motivational quote by Jerzy Gregorek which clearly defines the philosophy of “The Slight Edge”. He subsequently won four World Weightlifting Championships. His journey towards his successful career was not easy, it took time and effort to overcome the “old” him from being a political refugee to the champion of World Weightlifting. 

This quote is not only true to weightlifting athletes but also applicable in every aspect of life. The only way for the weightlifting athletes to lift up the heavier weight is to constantly choose to push a little bit more weight than the last time. The progress leads you to the edge of “what you can’t do”. Taking a step far away from the “what you can do” edge by working harder and harder than what you did yesterday will benefit you in the long-run. “By making it harder for yourself today, you make it easier for yourself in the future.” This simple principle reminds you of the “heavyweight” of small decisions that we choose to do every day. 

 

  • “KEEP MOVING” SPIRIT 

 

Do you recognize that the word “extraordinary” is the combination of extra and ordinary? 

When ordinary people leave their comfort zone and continue practicing doing more and more (extra) simple things every day, at some point, they will become extraordinary. If we do not repeat the small actions such as daily workouts, we might stop ourselves and bounce back to the new comfort zone. When we feel like we have enough and no new challenges are taken, this results in procrastination.

 

  • REFLECT 

Not many people know how to truly reflect. You read, learn, listen… What’s next? 

If you do not spend time practicing and apply what you have read, learned and listened into actions, will this be your knowledge? 

If you just keep doing… What’s next? 

When you keep doing without looking back on what you have done, you don’t leave space to adjust and improve the process, you cannot increase your productivity.

You are working extremely hard just to live day by day… So what’s next? 

Without talking with your inner self, it is hard for you to realize the reason why you are doing what you are doing. Do you truly live or just simply survive? 

Daily reflection may help you explore your true self, empathise with yourself after every experience. Don’t stop moving forward by asking yourself: “what’s next?” Simply spend 1% of your 24 hours (15 minutes) to focus on reflection, you will be amazed. 

 

  • TIE YOURSELF TO THE GOALS 

 

After 10 years of working on my own business, startup and many projects, I have witnessed the change in young people. They are the next generation of leaders, but they do not have much of an environment to grow, to challenge their assumptions, to release their potential, to contribute to the development of our country. That is the reason why I want to give young people a chance to practice and to learn how amazing they are if they keep trying hard and consistently every day. 

During this time, I had a chance to hold a lecture at some universities and worked with many mentees. I have realized that IQ is not a strong measurement of one’s ability. My best mentee does not get a high score in school or achieve a high IQ score, most of them have the normal or even “not very special” in the beginning. But what makes them different? 

  • Self-discipline/ Resilience 

Most of my best mentees that I am extremely proud of, do not have a particularly special talent on the very first day. They are not confident in themselves. They do not know what they want, what their strengths are or what their weaknesses are. Whenever they are asked to give their opinion, they are shy and hesitate to give their ideas. The only thing inside them that makes me believe and become their mentor is their actions, not words. Day by day, they take actions to overcome their “not perfect” parts, they do not prevent themselves from exploring and learn more to make whatever difficulties become their strength. 

Their resilience ability ties to their passion and patience to achieve the long-run goal. Resilience is to choose to look forward, day by day, not only in weeks or months but in years, many years.  Resilient people see life as a marathon, they see what they are doing in the long run. To be resilient, they need to have the ability to deal with the problems and have the ability to stand up and start again after every failure.

 

  • GROWTH MINDSET 

 

This idea is generated by Carol Dweck – a researcher at Stanford University. People with a growth-mindset do not see themselves with a potential that can be explored and fostered. They are not afraid of failure, they keep their head high to move forward because they believe that their ability is just the starting point of their potential. That is the reason why life cannot knock them down easily. When life gives them lemons, they will sit down and make their own lemonade. They see whatever challenges that life gives as a gift to learn and to be a better version of themselves. Thus what we need to do is keep teaching our inner child to learn how to be more resilient every day.

It is important to keep in mind that your behavior comes from your attitude toward things. Every piece of advice will be meaningless with a fixed mindset, instead of a growth mindset. Because when you keep the fixed mindset, you will see that your ability cannot change and try to prove that you are right, instead of learning from mistakes.

Why do we need to hide our weaknesses instead of fixing them? 

Why do we have to maintain the relationship that we think will raise our self-esteem instead of spending time with people who challenge yourself? 

Why do we need to compare ourselves to others instead of developing their potential? 

The passion for developing yourself when you are not enough is the key to the growth mindset. That is how successful people think and spend their life.

2019 Vietnam startup investment look back

Just some of my random notes about world startup investment and Vietnam so please make sure that you double check when I use my article.

Six years ago, Aileen Lee – founder of Cowboy Venture created the term “Unicorn” to illustrate the start-up companies which have the value of over $1 billions. 

At this time there were not many companies which were worth a billion dollars. Thus “Unicorn” was the dream name for many start-up since this term was introduced. However, the industry landscape has changed dramatically. The world of venture capital has been blooming, there has been a huge amount of money invested in the start-up company. 

In recent years, the number of “Unicorn” has increased exponentially. Total investment in the unicorn companies is up to 1.1 thousand of dollars. 

 

An analysis about 326 unicorns in the world

  • Overview about “Unicorn” in 2019

According to CB Insights of Unicorn of Unicorn Tracker – the company does research about the unicorn according to their industry, valuation and country. 

ByteDance is currently the largest unicorn with the valuation of 75 billion dollars. The China-based company operates many products such as: Vigo, Toutiao, TopBuzz and more, but the most special raising platform which is currently used by many millennia’s: TikTok. ByteDance uses AI to adjust the content to fit with the customer behavior. 

Source: Pixabay

Expert estimates that in 2019, there are more than 100 unicorns will conduct IPO – (The Initial Public Offering), including Uber and AirBnb. Recently, Lyft and Pinterest have conducted IPO. Another Unicorn is Zoom Video – an online video call platform is also in the IPO process, with the stock price increasing at 120% since its impressive release in the middle of April. 

  • Unicorn start-up by industry 

Internet Software and Service and E-commerce are the most popular industries with many potential start-up. On-demand services such as Uber, Didi  Chuxing and DoorDash attract more investors to invest in this area. 

  • Unicorn start-up by geography 

Over a half of unicorns come from the USA, but China has many start-up companies which have high value. While most of the unicorns come from 6 countries: USA, China, UK, India, Germany and Korea, other countries in the world have 32 unicorns approximately 10% of total unicorn in the world.

  • Unicorn by the valuation
    Uber, Wework, AirBnB and ByteDance have the largest amount up to 30% of total unicorn worldwide.  

According to the pyramid, there are 280 unicorns at the bottom – unicorns which have value from 1-5 billion dollars. The sum of those are 461 billion dollars, as 43% of the total unicorns. 

  • Vietnam Startup Investment Overview vs world investment

In 2019, the amount of capital flowing into technology startups in Vietnam accounts for 18% of all of Southeast Asia, while that of Singapore is 17%. However, as a whole, the remaining startups only raised US $ 670M, much less than in 2018 (nearly US $ 890M). This fact shows that the start-up race has entered the stage of refinement, many emerging industries have also led to the recession of many old and expensive businesses of investors.

In January 2019, Momo successfully raised funds  in the Series C 100 USD from Warburg Pincus funding. Momo is the first payment-app with more than 12 million users in Vietnam. 

In January 2019, Lefair – an ecommerce site which sells boutiques, has called for $7 million in the Series B from GSShop and Belt Road Capital Management. This success has helped the company total investment round to 12M USD. However, they just announced to quit the Vietnam market on 2020.

In February 2019, Elsa has raised fund successfully $7M USD Series A from Gradient Ventures – the specialized fund for AI of Google. Now, the total investment for the company is $12M. 

In March 2019, Tiki raised $75M from NorthStar Group and are the top 2 players in the e-commerce Vietnam market. Tiki is on its way to focus on increasing its service quality and user experiences. 

In April 2019, Jio Health has raised $5M Series A from Monk’s Hill Venture. 

In May 2019, Uber has failed since its first stock issues, which causes the loss of $6.5B. 

In June 2019, Logivan – 4.0 logistic service, which connects the shipper and the empty returned truck nationwide, raised successfully $5.5M from Matrix Partners, David Su and Alpha JWC Ventures. 

In August 2019, Wework – the largest co-working space US-based, which has an unpredictable fate. Although Softbank has invested $10B in Wework, they have stopped working with each other. 

In August 2019, KiotViet – a start-up providing software solutions for POS managing, announced receiving $6M Series A from Jungle Venture.  

In September 2019, Compass – a real-estate buy and sell start losing its direction, although Softbank has invested $450M and later fundraising $775M.  

In October 2019, Scommerce – logistic provider with 4 business units: GHN Express, Ahamove, GHN Logistic and GIDO has received $100M from Temasek – Singapore government investment fund. 

In November 2019, Softbank poured $500M into Fair – a car leasing company which is revolutionizing the car-as-a-service concept. However, Fair has failed and cut 40% of employees in the not “Fair” way. 

Also in November, Sendo announced its raising fund successfully with total investment in Series C is $61M from EV Growth, Kasikornbank, SBI Group, BEENOS, SoftBank Ventures Asia, Daiwa PI Partners and Digital Garage. 

This month, Lozi has also raised $10M+ from Smilegate Korea. 

Vnlife – mother company of VNPAY has become the second unicorn in Vietnam after VNG with $300M investment of Softbank Vision Fund and GIC Singapore 

In December 2019, Telio – Vietnam’s first B2B platform has raised $25M Series A from Tiger Global, Sequoia India, GGV Capital, and RTP Global.

In January 2020, OYO – a hotel booking start-up received $1.5B from Softbank has lost 65000 rooms and cut off 3000 employees. 

The world 2019 economic climate has significant slowdown, however Vietnam’s economy is growing.

Vietnam economic growth is projected to decrease in 2020

Collected from many sources:  Jeff Desjardins, Visual Capitalist, WEF, May 2019, ESP Capital

DESIGN THINKING – PERFECT TOOL TO PUT YOUR PLAN INTO ACTIONS

Is your planning technique effective? 

 

Do you find yourself always exhausted, racing to meet your deadlines at the last minute? Do you plan your life carefully and keep track of time well, but still struggle to get your job done on time? Don’t be surprised if you are, because you are not the only person in this world who fell into the planning fallacy mindset without realizing it. 

 

The Planning Fallacy was first introduced by Daniel Kahneman and Amos Tversky in 1979. They proposed that human beings are not very good at estimating time, costs and risk to complete certain tasks, even if we have the right experience in doing such tasks. This results from only focusing on a prediction, based on specific elements of a plan, rather than the distributional data. This leads to tasks not being completed on time because the individual underestimates what is needed for the deadline to be met. Furthermore, we can be overly optimistic about ourselves, in that we believe that we have enough time to complete tasks. Consequently, this means that the individual makes excuses for poor time-keeping. 

Design thinking is one of the most effective ways in which a person can overcome this struggle in planning and executing what has been planned. Design thinking is a human-centric concept to help people design their own solution by digging into the root causes and solving them. It is time to spend your time tailoring your own plan for the new year. 

 

STAGE 1: EMPATHIZE – WHO ARE YOU?

Understanding yourself is easier said than done, but it is time to take a seat, to have a self-talk, to identify your strengths and weaknesses as well as to clarify your short-term and long-term goals. 

There are 4 questions you should ask yourself. Try to answer as honestly and clearly as possible:

  1. What strengths make you proud of yourself? 
  2. What weaknesses make you lose your opportunities? 
  3. Now, what do you want to change? 
  4. What is your dream for the future? 

 

Do not answer in general like “I want to improve my English level” instead, make it specific and measurable like “I want to achieve IELTS 6.5 in the next 6 months”. The more details you give, the deeper you will understand yourself. Such types of answers will make your plan more practical and more suitable to yourself, therefore making it easier for you to implement the plan. 

 

TIP: Consider asking your parents, your relatives, your co-workers or whoever in this world that you believe understands you, and ask for their opinions. This will help to avoid a subjective understanding about yourself or an illustration of yourself that you created. 

The goal for this stage is to dig into who you are, to learn and to explore more about yourself. 

 

STAGE 2: DEFINE – WHAT DID YOU DO? 

After learning about yourself, your next step is to reflect on what you did last year by answering the following 3 questions: 

 

  1. Which goals/tasks did you complete in the last year? 
  2. Which goals/tasks did you plan but fail? 
  3. Which goals/tasks did you reschedule ?

 

Next steps: List down all of the reasons both subjectively and objectively that you think led to the failure of task completions. This will enable you to find a method that avoids procrastination in implementing the plan in the new year. There are many methods to help solve your procrastination and to reschedule the task completion on time, which may come from internal or external factors. For example, you may feel that if  sharing your plan on social media or with close friends will motivate you to achieve your goals. Or you may challenge yourself with punishments and rewards. Whatever you choose to do, just make sure that it will boost your must-do attitude meaning that no delay or procrastination is allowed. 

STAGE 3: IDEATION – WHAT ARE YOUR GOALS?

In this stage, you should keep calm and relax, let your mind wander to write down your goals: what do you want to improve or what you want to change? Where do you want to travel? How many books or what kinds of books do you want to read this year? Do not forget to think about your dream. Just write them down in your journal or whatever place you feel safe. Don’t worry if it may look a little bit messy on your paper, I will help you arrange it later. 

One important note you should bear in mind is that your techniques should help you to overcome your procrastination, which you have listed in the ‘Stage Two: Define’. Ideation will be the foundation to enable you to implement the method successfully, thus try to make it as precise as possible. 

STAGE 4: PROTOTYPE – PUT YOUR GOALS INTO PLAN 

Design thinking is the solution-orientated and action-orientated step in which you must focus on finding actionable solutions. Thus this stage is the most important in the planning process. In this stage, you will put all your goals and activities into a detailed plan. 

  • Categorize your goals and actions:

The first step is to divide your goals into 3 smaller categories: 

  1. Personal Development: The goals or actions that will help you nurture your personal growth.
  2. Study/Work: The goals and actions that will lead you to your career path.
  3. Family/Friends: The goals and actions that will strengthen your relationships. 

The more correctly categorized and prioritized these goals are, the easier the next steps will be. 

 

  • Strategic plan 

 

These previous parts will be evaluated again in time length and importance in order to categorize them into short-term, medium-term and long-term goals. This step requires a lot of effort and careful thinking so as to avoid mistakes. The following is one technique that I find easy to apply. 

Firstly, start with the axis of abscissas, you put all the goals in this axis. Arrange these goals based on its level of importance and affection to yourself. 

After that, you will use the axis of ordinate to evaluate the difficulty level, time and effort in each goal. The more difficult the goal is, the more time you spend, thus you can move this goal to a higher position. 

For example, if your goal is to achieve IELTS 6.5 in 2020, to me it is a medium difficulty level and it is also important. Thus my graph will be like this:

As you see the strategic plan graph divides into 3 parts:

Part 1 – Short-term and easy goals that you can finish in 3-6 months 

Part 2 – Medium-term and average difficult goals that take longer time about 6-18 months to complete. 

Part 3 – Long-term and difficult goals but not urgent goals which you can finish in 2-3 years. 

Put your goals into these 3 sections and the goals, which are in the Part 1 area, are prioritized in your detailed plan. 

 

  • A Detailed Plan

The detailed plan includes 2 important numbers: deadline and key result.

  • Key results: A plan is nothing without clear and measurable outcomes because they help you estimate the desired results and avoid giving up in the middle. 
  • Deadline: Give yourself specific time of completion in the goals. There are many apps which can assist you as the reminder like: Evenote, Wunderlist, Calendar,… These apps will help you stick to your goals and complete them on time. 

In terms of the medium-term and long-term goals, you can break them into smaller activities and put them into your detailed plan. This action will make sure that you are following what you have planned and start doing it from now. 

STAGE 5: TEST – CONTINUOUS PLAN IMPROVEMENT

The plan is just what you write down on paper. That’s why to make this plan come true, you need to invest your time, money and effort. There is no perfect plan in the world and you should test, do, learn and test again, as to which method fits with your style. You might not be able to change your goals but you can change the way you take action in order to achieve your goals. Be flexible and be prepared because there will be uncontrollable factors coming from the external environment, as well as from yourself, that may cause failure in implementing your plan.

 

I hope that you can stay focused on what you are about to do, always believe in yourself and always try your best to be a better you. Remember that if you plan it on just paper, next year you will be in the same state as you are right now but you’ll be one year older. Be strong and brave, take action, and challenge yourself! 

I hope all your plans come true as you expected.

LIFE CHANGING OPPORTUNITY: LEAD THE CHANGE 2020 EXCHANGE TRIP

Lead The Change Exchange Trip – overseas youth leadership programs that equip the youth with a necessary skill set for the 21st century, international mentorship, corporate insights and network for young leaders aged 18-25. This is a platform for young talents to connect, engage, discuss and learn concerning social issues and eventually drives them to collectively solve problems by actual projects and become tomorrow’s change-makers.

The program timeline in 2020:

Thailand (15/06/2020 – 20/06/2020)
Singapore (06/07/2020 – 11/07/2020)
Taiwan (02/08/2020 – 08/08/2020)
Korea (27/09/2020 – 03/10/2020)
Singapore (16/11/2020 – 21/11/2020)

The program is supported by NUS Enterprise, Facebook HQ, Google HQ, NUS Chua Thian Poh Community Leadership Center, NUS Asia Centre for Social Entrepreneurship & Philanthropy, LEVEL3/ Unilever Foundry, Padang & Co, Kris Lab – Singapore Airline, Singapore Business Federation, United Overseas Bank, Omron, Yahoo, Amazon Web Service, Enterprise Singapore, The Edge Learning Center, Bangchak Corporation, Siam Commercial Bank (SCB), Siam Cement Group (SCG), Dhurakij Pundit University (DPU – CIBA), …

Young leaders will interact with expert facilitators, dedicated mentors, and inspirational speakers working in Multinational Corporations. Our training topics related to:

  • Innovation through Design Thinking
  •  Emotional Intelligence
  •  Critical & Logical Thinking
  •  Cross-Cultural Communication & Collaboration
  •  Interpersonal Skills
  •  Public Speaking
  • Explore yourself

A chance to meet the impossible:

  •  Visit top leading MNCs from all around the world
  •  Volunteer at Local organization
  •  Leaded by a team of experienced and dedicated mentors.
  •  Release your energy by attending Amazing Race activities
  •  Break the program challenge – Shining at Gala night by pitching your presentation
  •  Receive the certificate after graduation
  •  Access to young leadership network – who never stop:

CHANGE TO LEAD – LEAD TO CHANGE

To become official young leader of Lead The Change 2020 Exchange Trip, you have to complete 6 steps:

  1.  Research about the program
  2.  Fill in the registration form https://forms.gle/nPmgw9Yo2RY7SoxX7
  3.  Online interview via phone (Organizing committee will contact you after 3-5 days of registration)
  4.  Interview with Program Manager
  5.  Receive your interview results
  6.  Submit required documents and sign the contract

Please kindly click Interested/Going to update more information about the amazing trip on Facebook

 Contact:
Hotline: +84 933 574 688
Email: hello@leadthechange.asia
Website: https://leadthechange.asia/

CALL FOR APPLICATIONS: Lead The Change 2019 Exchange Trip in Singapore

LEAD THE CHANGE 2019 EXCHANGE TRIP IS COMING BACK
Lead The Change 2019 Exchange trip in Singapore

18th – 23th, November 2019

About program

Lead The Change 2019 Exchange trip is a six-day program in Singapore held by Lead The Change Community.

Throwback – Lead The Change 2019 Exchange Trip in Singapore

The program is supported by NUS Enterprise, Action Community for Entrepreneurship, Facebook, The Edge Learning Center, NUS Chu Thian Poh Community Leadership Center, NUS Asia Centre for Social Entrepreneurship & Philanthropy, LEVEL3/ Unilever,
Singapore Business Federation, UOB : United Overseas Bank…

Program theme:  Key Competencies for Industry 4.0

We believe that next generation of leaders need new competencies and skills fitting for the 21st century to be successful and to tackle the complex challenges.

Our framework designed by advanced study program and training of experts coming from Multinational Corporation which help young leaders to have adequate views about importance of skills in reality life and work. From that, they will apply these skills effectively into reality situations.

Activities

Young leaders will interact with expert facilitators, dedicated mentors, and inspirational speakers working in Multinational Corporations.

Our training topics relate to Design thinking, Cross-Cultural Collaboration, Entrepreneur thinking, Social Innovation, Social Entrepreneur, etc.

It will also include field visits to local cultural sites, as well as group projects that will culminate in presentations.

Lead The Change 2019 Exchange Trip in Singapore Memories Stay

Program Agenda

Agenda program

Watching 6 days of Lead The Change 2019 Exchange Trip in Singapore – July’s journey

Lead The Change 2019 Exchange Trip July’s journey in Singapore

Eligibility Criteria

  • Young leaders: Aged 18-25 years
  • Interested in exchanging the global culture
  • Seek a better understanding of the ASEAN region
  • Seek to widen their perspectives
  • Passionate in making the impact to the social
  • Fluent in English

Selecting process

How to be a young leader of Lead The Change 2019 Exchange Trip
  • Step 1: Complete registration form
  • Step 2: Complete Application form (Organizers will send you after 3-5 days)
  • Step 3: Interview
  • Step 4: Information day
  • Step 5: Become young leader of the program
What did parent of participant think about Lead The Change Exchange Trip?

To be a young leader of Lead The Change 2019 Exchange Trip in Singapore – November!

  • Register here: Information form
  • Duration: November 18th- November 23th, 2019
  • Location: Singapore

For more information, please contact:

About Lead The Change Community

Lead The Change Community whose precursor is UEH Connected Community – the global community for the youth and startups.

Our vision: The number one place to introduce young talents to the entrepreneurial community, MNCs and startup community in Asia.

Our mission: 

  • Improve the mindset, necessary skills  of young generation in the changing world
  • Create a supportive entrepreneurial community
  • Collect comprehensive data on the excellent talents, mentors, trainers and speakers
  • Bring awareness and inspiration to the audience about startup culture and innovation

FIRST CROWDPITCH VIETNAM 2019: TRAVEL STARTUPS ARISE, WHILE ENVIRONMENTAL ONE DRAW MORE ATTENTION

I reposted the content of some events that my company ran in order to spread the message further.  In the 1st CrowdPitch Vietnam 2019, 5 Vietnamese startups had presented their ideas, learned from expert mentors in the ecosystem and gained exposure, as well as built and engaged with the community.

Mr. Thang Huynh – CEO & Co-Founder Innovation Lab

Most-voted: Saving environment solution

Vietnam is one of the worst polluters of ocean plastic waste in Asia and the globe, with 13 million tonnes of waste released to the ocean every year. Fortunately, Vietnamese starts to get aware of this massive pollution and therefore, green initiatives emerge. Obviously, eco-minded entrepreneurs in Vietnam are not out of the picture.

Ms. Linh Le – Founder & CEO AYACUP

Startup AYA – REUSABLE CUP with the plastic waste solution was the most-voted idea in 1st CrowdPitch Vietnam 2019. AYA REUSABLE CUPS creates convenience idea for users which enable them to use and return the cup rather than throwing single-use plastic cup.  More specifically, with AYA you can request an eco-friendly cup at any participating coffee shop or smoothie bar with your ID code. With the so-called “Life Time Membership Pass”, you also can drop the AYACUP at any participating locations. AYA has achieved 85 vendors, 135 locations and 5,495 plastic cups saved.

Linh Le, Founder of AYA Reusable cups shared that she was very surprised and happy when people were very interested in her project and concerned about the environment. It is a good sign that more people want to change their habits to protect the environment.

According to the report 2018 by UN Environment, one million plastic drinking bottles are purchased every minute around the world; up to 5 trillion single-use plastic bags are used worldwide every year. In total, half of all plastic produced is designed to be used only once – and then thrown away.

Mr. Tuan Tran – Founder Airiot VietNam

With the same mission to save the environment; startup Airiot VietNam provides solutions to save energy for Airbnb hosts by a self-designed device. With IOT device working based on Bluetooth low energy 4.0, Airiot helps Airbnb hosts to turn off the air-conditioner automatically when people are not in the accommodation.

Travel tech – Top trendy startups in Vietnam

According to a report recently released by Topica Founder Institute (TFI), eight major travel tech deals worth $64 million were signed last year. The travel tech market is full of potential as increasing numbers of Vietnamese seek to travel and enjoy life.

The trend was well demonstrated in May section of CrowdPitch Vietnam as 3 out of 5 start-up ideas is technology-based travel startups including LandedVibe, Gody.vn and CheepCheep.

Mr. Le Duy Hoang – Founder LandedVibe

Becoming the winner chosen by judges, LandedVibe offers a platform for diversified offline skill-sharing and entertainment activities. They build a network where anyone can turn shareable values of their profession, skill or hobby into payable activities for locals, expats and travelers alike to book, via a sharing-economy platform.

Explained about the decision, Mr. Bobby Liu – CrowdPitch Vietnam judge and Co-director of Topica Founder Institute said: “LandedVibe will change the way of travel a lot. It is about the experience, about travelers getting and sharing their own experience. It could be popular with young travelers. Because of that, LandedVibe has development potential and will attract investors.”

Mr. Pham Viet Anh – CEO & Founder CheepCheep

Ms. Ngoc Anh – Founder Gody.vn

Other startups are CheepCheep, an online platform to book attraction tickets through a hundred places in Vietnam, and Gody.vn, a social travel platform to personalize trips based on AI’s recommendations.

2019 CrowdPitch Vietnam is an initiative for startups to raise their brand awareness, identify their market, attract potential investors and engage actively with future customers.

5 startups chosen to pitch each month will receive 1.000USD AWS credits, technical support, and free online training besides the voting cash by audiences’ entrance tickets.

Mr. Bobby Liu emphasized the prominence of CrowdPitch to startups in the ecosystem because of its benefit and recalled himself as a winner of this kind of crowdpitch five years ago.

From the participant’s perspective, Founder of AYA, Linh Le claimed that pitching in CrowdPitch was a valuable opportunity for early-stage startups to validate their idea and cheer them up. “It is also a good place for them to interact with other startups and investors,” Linh said and personally, CrowdPitch made her more confident, gave her great feedback from other entrepreneurs, and connected her with the community.

The 2nd CrowdPitch Vietnam 2019 is going to present on June, 26th 2019.

The CrowdPitch Vietnam is powered by Innovation Lab.

OPEN INNOVATION IN VIETNAM – OPPORTUNITIES AND CHALLENGES

Open innovation is quite a new definition in Vietnam which provides both opportunities and challenges. While many Vietnamese companies have apparent views about open innovation to embrace competition, they are finding a way to involve it effectively.

Over 50 experts and startups in Vietnam as well as other countries had attended to “Open Innovation” workshop hosted by Innovation Lab on April 11th, 2019. As open innovation allows companies to look beyond their internal resources to have a wider network in which to co-create and leverage fresh expertise, the “Open Innovation” workshop provides them an apparent view about generating new ideas to embrace competition.

Mr. Pham Hong Quat – General Director, National Agency for Technology Entrepreneurship & Commercialization (NATEC) started the workshop by sharing about innovation in Vietnam. By his experience and observation, he added that many countries in Southeast Asia had angel networks supporting startups which Vietnam was currently lack of and needed to expand. Furthermore, the government played an important role in motivating startups through their supporting policies.

Mr.  Pham Hong Quat – General Director, National Agency for Technology Entrepreneurship & Commercialization (NATEC)

Last but not least, he emphasized that building innovation ecosystems was very potential and important not only in Vietnam but also in all over the world.

Following was “Open Innovation – Why and How” presentation of Mr. Laurent Levan – President of Universal Robina Corporation (URC) giving attendees much valuable knowledge about the importance of innovation and methods to apply it in companies with real examples.

Mr. Laurent Levan – President of Universal Robina Corporation (URC)

As his sharing, the common thread for the company from “ground zero to success” were building new ventures and partnership. Besides, “Do not be afraid to fail, test and learn” attitude was a crucial characteristic that he focused on to develop a new company.

Taking Vietnam as an example of a particular country with an unprecedented pace in developing innovation recent years, he shared industry 4.0 helped Vietnam to look at the supply chain, procurement from materials to distribution goods, and use technology to change management. For example, Vietnam develops Blockchain and IoT to make the distribution process easier and save money for companies in the next years.

To sum up, Mr. Laurent shared “tips” to be a (big) company with the agility and the mindset of an innovative startup. Innovation should be implemented every day, with one team – one goal, with products, with partners and with innovative attitude for industry 4.0.

After that, a final panel discussion on “Building the culture of innovation” created spaces for experts and executives talking about real innovation case study in their companies.

With the question from Mr. Thang Huynh – Co-Founder of Innovation Lab, Moderator of the panel, about involving in open innovation in companies, Mr. Hareesha Narayana Shirankallu- Head of Engineering at Bosch, Vietnam, shared that Bosch applied open innovation by contacting to universities via creating hackathon and innovation campaign such as last year tool events at Sihub supporting  students in universities to incubate.

Mr. Hareesha Narayana Shirankallu- Head of Engineering at Bosch, Vietnam

Meanwhile, Mr. Chris Elkin – InnoLab Design Thinker”/Doodle Brands provided solutions through design thinking to position brand and Ms. Nguyen Lan Yen – Marketing Senior Manager of Sparkling Brands, Coca-Cola Indochina admitted that Coca-Cola’s success was based on open innovation as they realized they could not do alone and look forward to innovating of products and industry like e-commerce.

Mr. Chris Elkin – InnoLab Design Thinker”/Doodle Brands

And of course, they had many challenges to face. In Bosch, they faced to customer insights problems and realized that customer interview was very important to get new ideas. On the other hand, Coca-Cola was willing to accept 95% failure of innovation, so they can adapt how to balance between long-term and short-term goals.

Mr. Thang Huynh – Co-Founder of Innovation Lab & Ms. Nguyen Lan Yen – Sparkling Marketing Manager CocaCola Indochina

Sharing about key factors that corporations need to foster innovation, Ms. Yen said Coca-Cola always focused on finding solutions in different issues like customer, packaging or digital platform; right strategies and infrastructure; and built innovation cultures to boost innovation mindset. Coca-Cola and many companies usually find solutions from startups which are sustainable and practical in every issue from these companies. Besides, Bosch was focusing on negotiation; encourage; and doing step by step.

Innovation Lab’s vision is to create an innovative collaboration platform where all stakeholders in the innovation ecosystem meet, collaborate and succeed together. The First Innovation Vietnam 2019 was co-hosted by Natec, Magic, Enterprise Singapore, Enterprise Ireland, La French Tech, MBAN, Bansea, Vietnam Angel Network, Saigon Innovation Hub.

This article was based on the first Open Innovation Vietnam 2019

Listen with empathy to be the leader

Let’s emphasize straightforwardly in this case.

What do people react when receiving information in both working environment and social relationship?

They prefer to be a passive hearer or an active listener. That’s your choice. It is clear that hearing is simply a natural ability of human, while listening is definitely a learned skill in order to transform information into meaningful messages. Someone has rightly said that “Hearing is through ears, but listening is through the mind”.

Why is it important to possess good listening skills?

Let me tell you a story about two energetic staffs. When being assigned the same task, they perform in two different ways which embody two different types of the level of listening ability. Candace always shows her comprehensive listening skills. As I saw that she always concentrates and pays attention to whenever we have a meeting for our next campaign. She prepares to actively listen and learn, and then thinking about this topic critically. She takes note carefully the key point after meeting and carries out effectively. Moreover, information selection is one of her strengths. Mainly because she thinks that the key concepts are much more important than the whole of argument in the meeting to answer the questions of What, Who, When, Where, Why and How.

On the other hand, Simon is quite different from Candace. He is a kind of passive listener. An active listener is the one that receives message from speakers, then analyses and responds to strengthen the mutual understanding. A passive one is different because he receives information without analysing, and stops at receiving information but keeping asking many times. It is reasonable that asking questions is a measure to make sure the instructions are understood and be clear,however, without taking note drives him to be difficult to remember the guidance delivered before.

Conversation with Consul General of France Vincent Floreani

When it comes to listening skills in social relationship, there are two ways that people are going to react when their friends tell them a story on a day hanging out. One of which is that people tend to dig deep into the storytelling to figure out the problem when their friend is confronting. They analyse the issue together and help the friend overcome feelings of pressure. Otherwise, people are not interested in that story, as a result, they show their no inspiration to continue the conversation. Somehow they still respect their friend’s story, but they do not react or do not respond anything, just only “Oh!”, “Really?”,  “Seriously?” for example.

Derived from two situations conveyed above, who do you think that they possess a good listening skills? So to review how to be a comprehensive listener, I am going to list these levels of listening to enhance your skills effectively and efficiently. There are five levels of listening that need to be considered.

Ignoring

Ignoring is the lowest stage of listening – not listening at all. It means that people usually interject a remark into the conversation with someone when they are speaking to others. They do not listen to at all with this person, then starting a new conversation with other one.

Pretend Listening

Pretend listening is easily explained in face-to-face talk. People may nod their head or other gesture to portray that they are listening, but they are not giving their full attention to the conversation. They are able to hear what others say but they do not show their impression.

Selective Listening

This stage is a beginning level of an active listener. People tend to pay attention to the speakers when they discuss about aspects that they are interested in; however, not all. They are probably the one that says “So, what’s your point?”. They are more likely to go straightforward to the thing that is important to them and interrupt the conservation when they realize that thing is not amusing anymore.

Attentive Listening

An attentive listener spend their time and attention on listening to other people. They have a tendency to respond according to their own experience. Instead of putting themselves in others’ situation, they listen and explain with their own perspective.

Empathic Listening

This is the top level of listening because those who are empathic listening are more likely to pay their full attention to gain the information and respond to develop the understanding in a conservation. It can be referred as the hardest to accomplish this level. However, to give a truly listening is not complicated.

Regarding to Clinical psychologist Kevin Gilliland, to practice to be a skilled listeners, people should following suggests:

Be curious: you’re more favor in listening to what the other says, rather than formulating your response.

Ask good questions: avoid asking yes/no type questions, which are closed-ended. You need to concentrate on questions that invite people to elaborate.

Don’t jump into a conversation too quickly: you should consider easing into the conversation when speaking to someone.

Anchor yourself to the subject and don’t get distracted: you should avoid unrelated topics to distract from the subject.

Stop making up stories: a  lot of information which is missing is not a good idea for those who want to listen to your stories.

Don’t make a big deal out of being wrong: If you’re good at admitting fault, this should be a fairly easy tip for you.

Dalai Lama once said:

“When you talk, you are only repeating what you already know. But if you listen, you may learn something new.”

In order to be the leader, we not only need a vision to inspire the team but also need the great ears of listening with empathy to feel the pain and recognize what is not shared on the vocal conversation.  

The world will be more peaceful when we stop talking about each other, start listening to each other and collaborate with empathy thanks to listening.