THE FIRST STEP

Vincent Lua, the founder of MyeongDong Topokki – describes what it takes to start your own business

- ZECH PHARAMOND

STARTING AND GROWING A BUSINESS IS ONE OF THE MOST EXCITING AND DAUNTING UNDERTAKINGS IMAGINABLE, AND EVERY SUCCESSFUL ENTREPRENEUR KNOWS THE FIRST STEP IN ANYONE'S ENTREPRENEURIAL JOURNEY STARTS WITH A GREAT BUSINESS IDEA.

But to go far; to ensure longevity and growth; possessing a good idea is only the first and certainly the most feeble step. Vincent Lua, founder of MyeongDong Topokki, is an entrepreneur who looks at things without rose-tinted lenses. His quality and hard-driving work ethic have made him the success he is today.

And that’s a vital skill for any self-employed person to have, because the world is overabundant with visionaries, thinkers, and dreamers. And none of these qualities matter in the business realm if you can’t execute. As savvy investors know, success in business is more about the plan and the person than the idea. A business that generates real-world change and wealth requires people who get things done.

How would you describe yourself in one sentence?

I am a result and goal-oriented person that is persistent and never gives up when facing challenges.

Describe three experiences that have shaped you into the man you are today.

When I was 11 years old and I lost my father, it transformed me into a person who is more mature and responsible.

My first job upon joining Maybank, where they sent me to various trainings, and I get to meet different people from various backgrounds. It shaped how I behave, think as well as helping me establish a connection with the corporate world.