SINGAPORE--While many Asian countries are placing more emphasis on fostering innovation and entrepreneurship, inhibitions still exist in the form of culture, cost of living and the ability to get funds at the right time.
Derek Sivers, founder of CD Baby, said people tend to focus too much on the downsides when evaluating whether to start a business or not, particularly in Asia. The California-born entrepreneur, who now resides here, added that considerations include whether it is wise to forego a well-paying job for the insecurity and potential loss of capital should the venture fail.
Sivers, a panel speaker at the annual Global Entrepolis @ Singapore (GES) Summit held here Wednesday, said his observations were corroborated during a conversation he had with a Singapore entrepreneur recently. According to him, Lee Min Xuan, co-founder of PlayMoolah, an online service that allows parents to teach their children how to manage their finances from young, shared the need to venture out to the United States--in her instance, Silicon Valley in the San Francisco Bay Area--in order to start her online business.
To read the full, original article click on this link: Successful entrepreneurs need 'ignorant optimism' - ZDNet Asia News
Author:Kevin Kwang
