the hive co-working space

The Hive is a members’ coworking space and creative community based in the dynamic Wan Chai area of Hong Kong. 

NEST is a hands-on investment incubator focusing on scalable consumer businesses in the lifestyle space. Our vision is to develop Hong Kong as a global hub in the fields of entrepreneurship and creativity to enable start-up businesses to thrive.

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Invest Hong Kong is the department of the Hong Kong Special Administrative Region (HKSAR) Government established in July 2000 to take responsibility for Foreign Direct Investment and support overseas and Mainland businesses to set up or expand in Hong Kong. It provides free advice and customised services to help businesses succeed in Hong Kong's vibrant economy.

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Bridges Executive Centre has been in business for 10 years and helped over 8,000 clients incorporate and grow their business in Hong Kong with a knowledgeable team fully versed in different corporate aspects like company formation, company maintenance (e.g. company secretary, Annual Return, BR renewal), accounting, audit arrangement, tax filing and tax efficiency planning, investment visa, etc., covering every need of a start-up from basic to advanced. Their helpful staff, fast turnaround time, fair pricing and full range of maintenance support tell why you will love them.

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Maurice WM Lee Solicitors are a Hong Kong law firm focused on legal services relating to business, finance, trust, investment, wealth management, creative industries and legislative lobbying.  Our experienced lawyers also provide legal services in key areas such as media, entertainment, dispute resolutions and China legal services.

 

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The Asian Venture Capital Journal (AVCJ) is the leading source of information on Asian private equity, venture capital and mergers and acquisitions. Based in Hong Kong, AVCJ has been providing editorial coverage, quality data and intelligent analysis via its Asian Venture Capital Journal weekly magazine to the Asian private equity industry since 1987. AVCJ is also the organizer of the highly acclaimed AVCJ Private Equity & Venture Forum series of conferences in the world’s leading financial centers including Tokyo, Hong Kong, Singapore and New York. The AVCJ Forums series regularly receives strong support and participation from the industry’s leading professionals and firms, including GPs, institutional investors and advisors. 

Only Fools Launch Startups for Fame and Fortune

Posted by Jonathan Greechan on 2013-11-12

Learning from someone who has been there, done that, is always huge bonus when starting something new. Having professional insight to the ins and outs of starting up can help aspiring entrepreneurs avoid lethal mistakes, and maybe even get a leg up on the competition.

In this Q&A, Founder Institute mentor, Joe Abraham, shares valuable insights from his experience as a serial entrepreneur. His most prudent piece of advice: don't do it for the fame or fortune.

 

 

1. Why is it so important for experienced founders to mentor new founders?

a. It's a 2-way learning experience: As much as I thought I'd be teaching a startup founder a thing or two, they taught me a ton more. It is truly a mutually beneficial alliance. I share my insights and experience. They share their fresh ideas, passion and creativity.

b. It re-energizes the entrepreneur in you: Any seasoned entrepreneur would agree that at some point along the way, we need our engines re-fired up. Spending time with the next generation of rockstar entrepreneurs refreshes perspective and re-energizes commitment like nothing else. It's my personal recharging station.

c. It's a responsibility: Truth be told, someone bet on me (and you) at some point early in our entrepreneurial journey. They may have done it on a 5 minute phone call or over 5 months of hands-on mentorship. But they had a game changing impact on us. It's our responsibility to do our best to be that person to the next entrepreneur. Nobody can advise an entrepreneur the way another entrepreneur can. We just have to do it.

2. What are the one or two pieces of advice you tell new founders that you wish you knew when you got started?

First, if you're doing it for fame and fortune. Don't do it. Do it to change your little piece of the world. Find 5 other reasons to launch that have nothing to do with personal income or recognition.

Second, don't go it alone. Cofounder(s), advisors and a business coach are mission critical to success. As smart as you think you are, your mind will play tricks on you and get you to make some pretty dopey decisions along the way. Having the right team surrounding you will ensure you get it as close to right as possible.

Third, know your #entrepreneurial DNA. Discover if Builder, Opportunist, Specialist or Innovator DNA drive you - and what to do about it. Learn more here.


3. What is the hardest lesson you had to learn as an entrepreneur?

Humility. I came into entrepreneurship proud, arrogant and somewhat "uncoachable". It took a while, but I was humbled by people and circumstance. I find myself making better decisions today - and much of it comes down to not thinking I walk on water.


4. What is the best piece of entrepreneurial advice you ever received?

"Stay in the helicopter", said an uber-successful entrepreneur I got to build a company with. Anytime I'd want to get involved in the details, he'd remind me that the CEO's job is to set the vision/direction and let really smart people figure out how to make it a reality.

 

Joe Abraham is the Founder and CEO of BOSI Global, and one of the Founder Institute's highest rated mentors. To hear more from Joe, apply to the Founder Institute today.

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