Monday 13 July 2015

Day 7: "Deal or No Deal"

There's so many interesting things about Semarang, and it's a waste not to add their cuisine to the list. It was really true when they said some of the best food are to be found in the nooks and crannies. Humble looking stores that serve you Nasi Padang that can compete with the best in Singapore. Enak, they'd say.
Today's morning started with a tidbit (more like a giant breakfast) to ponder upon by Cik Farid. One of the challenges of being an entrepreneur is actually being very clear about what you have to do for your company to grow. He asked me a very simple question - "If I gave you or any young entrepreneur Micromart, do you think you can run it here in Semarang". The answer to that was simple - no. Why was the harder follow up question to that. So frankly I told him "I don't know enough about business, much less Semarang, to be running a business of such a scale. Everybody makes mistakes, but make too many and you may not be able to jump back from it". So I elaborated further - if the Financial Controller or Accountant were to just show me the numbers I'll probably just gloss it over and sign off without knowing what the numbers mean (easy way out eh). He then enlightened me on one lesson on how to be successful in what you do. Sadly enough it was no magic formula, but such is life. It was a very simple thing. Experience.
It took Cik Farid his failures and subsequent perseverance to be where he is today. That is essentially experience. There is no shortcut about this. You need experience (and he also likes to add, Hunger too) to be able to run a tight operation. Without it, you are much more likely to holes in your operation, and over time those holes will only get larger and larger. Experience lets you see problem when its there - be it in the numbers or even staff. Experience shows that you know what you are doing, and in turn allow your staff to have faith in you. Experience is a long road - but it is what defined Cik Farid. Experience gives you knowledge no textbook can.
This was followed by a very simple task to study Sun Tzu's Art of War. I have heard of the fabled sun Tzu's art of war - but never found compelling reason to go about reading it. Admittedly I was missing out quite a bit. In what I managed to read through the day - I found it very interesting that Sun Tzu believes that wars should be won before it even happen, and this is done with information. Treasure information, and never rest on your laurels - because someone else will get ahead. It seems business was not so much "doing what feels right" rather than "knowing what exactly to do". From what I have seen with Micromart, this has certainly been a very key part of his operation. Cik Farid does not make decisions "just to try". His decisions from my observations are based on keen awareness of everything that is happening in his surroundings, from competitors, operation and even staff mentality.
I ended off my day with a meeting late in the evening together with Cik Farid, Cik Topan(Micromart's Corporate Growth Group Division Head) and three other potential investors into Micromart. It was my first time witnessing "negotiations". Well, it certainly was not the cutthroat, high tension, cunning smiles environment I expected. I probably watched too many movies. What I did take away from it from the get go was really how Cik Farid carried himself and applied his value of being very transparent with his investors. "MM's aim put simply, is to open as many tokos as possible". There was give and take, and both sides can align themselves to each other's interest.
However, what was most interesting from this exchange was really in the fact that the investors value was really beyond the capital that they are capable of investing. In the course of their discussion, they raised the possibility of bringing their friends or contacts in the fold who might be interested in Micromart. Mr Farid was very interested in this possibility and was very encouraging. I realized this discussion just took it up to the next level. You might not be in it just to win over the investor, but also the people they know as well who may also contribute greatly to MM in a different way. I'm quite certain he was aware of this, and was very proactive in facilitating the possibility. So this was "networking" which I often hear people talk about. Nobody ever teaches you to "network", however I am starting to believe that if anything - this is one skill that you must have. Opportunities may not come to you on a silver platter. You need to be hungry for it. However, knowing who to know might increase the odds of that platter coming your way.
It was certainly a long day - yet there's still more to learn, more to know. I haven't even scraped the surface of this new world down here in Semarang, after a week here in Semarang. This... potential is exciting. It's hard to describe the feeling, but it really is one of a kind

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