Startup Tips from Li Ka Shing

Li Ka Shing is a prominent Hong Kong entrepreneur whose business interests include Watsons, Australian Gas, UK Rail, Husky Energy, Hutchison Telecom, and ports in 26 countries. Having dropped out of school at 15 to work, here are some of Li Ka Shing's tips for those who are starting out: [via 1 2 3]

When You are Poor
  • Spend less time at home and more time outside.
  • Be good to others. Don’t be calculative. 
  • Throw yourself out in the open and let people make good use of you. 

Starting Out
  • When you don't have a lot, pay attention to learning.
  • Share what you learned, in learning and sharing, you will make new friends.
  • If your salary is stagnant, it means you have not grown as a person.
  • The ability to smile when you are misunderstood is a sign of good upbringing.
  • Always be industrious, the virtuous welcome onerous duties.
  • Your fate is decided by what you do between 10pm and 12am.

Case Study
  • On New Year’s Day, the [Li Ka Shing's] boss announced that the bonus that year would be based on sales. At the end of the year, my sales figure was seven times higher than the second best. If they paid my bonus based on my sales, my bonus would have been higher than the general manager’s. The other salesmen were already jealous. So I said to my boss: “Just pay me the same as the second best salesman; it would make everyone happy.” As a result, I became a manager when I was 17 going on 18.

Musings
  • I was once an employee, so I know what employees want.
  • I took jobs, no matter how lowly they were. But I did my best at work, and at increasing my knowledge.
  • When my children were small, I took them to squatters' areas and made them take the tram and bus.
  • I named my company Cheung Kong (Yangtze River). The Yangtze River doesn’t pick and choose its tributaries. 
  • I think education is the most important thing to a nation. Without good education, whatever equipment or plans you have mean nothing.
  • A liberal [ie free] society has to be founded not only on law and order but also on a prosperous economy.
  • The fruit that you eat will never taste as beautiful as the fruit that I ate during the turmoil of war. You will never cherish it as much as I do.


Pick of Events (W3-Apr-2018)
Link A Night of Duets @ KualaLumpur tix
Link Meet the Guitar Masters @ KualaLumpur
Link Revenge of the Foreign Correspondents @ KualaLumpur
Link Expand Your Business to America @ Kuala Lumpur
Link McKinsey Scaling @ KualaLumnpur
Link Accounting in 2050 @ KualaLumpur tix
Link Culinary Hackathon @ KualaLumpur
Link Ecommerce Summit @ KualaLumpur
Link Cryptocurrency Roundtable @ KualaLumpur
Link Blockchain Future @ Singapore tix
Link Blockchain Investment @ Singapore tix
Link Oil Palm Hackathon @ Singapore
Link Wordpress Ecommerce for Women @ Singapore
Link Banking Evolution, Revolution & Big Bang @ Singapore
Link High Net Worth Networking @ Singapore
Link A Conversation with GoJek @ Jakarta
Link Blockchain Smartcity @ HongKong
Link Blockchain Ecommerce @ HongKong