*Platinum Member*
Centennial Member
Posts: 106937
Liked By: 62904
Joined: 30 Jun 10
Followers:
3
Tipsters Championship:
Player
has not started
|
Invested about $90K into biz, insists it’s all her own cash Fang Yu sank in about $90K on all three stalls. She says that's money she'd been saving since JC through various part-time jobs — from working "crazy overtime" at vaccination centres during the pandemic to retail gigs at Lululemon. Once she entered uni, more lucrative banking internships at OCBC and UBS paid her a salary of a few thousand each month. She says she even parked some money in stocks, which she started learning how to dabble in online four years ago. “I started with meme stocks, and had to learn the hard way by getting burned at the start,” Fang Yu laughed. Did she get any seed funding from her businessman dad or ex-factory owner grandpa? “No,” insists Fang Yu. When asked why she jumped into the hawker biz at such a young age, Fang Yu's replies: "It’s a good time for me to go all out in my career as an entrepreneur before I graduate." Why the rush to expand? When asked about her expansion pace, Fang Yu explains: "I graduate next May, and then I'd be torn between continuing at UBS as a full-timer — every finance student hopes for that sweet intern-to-full-time conversion — or focusing on this business," she explains. "If I wait till after graduation, it becomes a huge gamble. Do I turn down a banking job for a stall that might not work out?" But when her Bras Basah outlet turned into an unexpected hit, breaking even within a month, she wanted to strike while the iron was hot. "I thought, you know what? This actually has potential. I'd rather try it now and see how multiple outlets go, so I can decide whether to stick with corporate life or fully focus on this."
|