How shall I describe your business?
Charles & Keith is a Singapore-based ladies footwear retailer..
How did you get started in this business?
As a teenager, I worked in my parents' shop after my 'O' Level. I was later
enlisted to National Service. My second brother, Keith, took over my place. After
National Service, I wanted to do my own business. Since Keith has talent in designing
shoes, I took this as an opportunity.
What business were your parents in?
Previously, they were in shoes as well as garment business.
Does your wife work?
She does. She is currently working in an MNC company.
Why did you choose this location?
Well, Olivine Building was owned by my mentor. So, I had no problem in renting
this place as my office
How do you spend your spare time? Any hobbies?
I listen to instrumental Latin music.
Do you have any partners?
Yes, I have one partner. He is my brother, Keith.
Tell me some stories that would give me an idea of the hardships involved
in starting a business from scratch. What are some of the things you have had
to overcome to succeed?
Eat the humble pie, accept feedback and constantly seeking new ways to improve
on our product and services.
Tell me about some of the best times in your business.
I enjoy my work.
What about the worst times?
Nil.
Ever felt like giving up before, how many times, when does it happen and why?
Never.
Did you have the capital to start the business or did you borrow it from
someone to get started?
Keith and I had savings of S$100,000 to start up this business.
Who would you say are your competitors?
In Singapore, there are very few competitors. That is why we have moved to
overseas market for greater opportunities. We visited foreign countries such as
Italy, France to learn more about the making of shoes as well as the latest shoe
fashion.
Have you ever thought of banding together with one of them to start a joint venture?
No.
When did you decide that you would strike out on your own instead of working
for someone else?
After my National Service, I saw an opportunity.
Are there any points in your business life that you experienced something so
significant e.g. war, racial riot, economic crisis, new competition, shift in
market behavior and trends that affect or influence your life and business that
make you change the way you do business and thinking?
Nil.
Do you have children in business?
I have no children at the moment.
What are your own values in doing business and what do you like to pass
down to your children?
I would advise them to do something that they enjoy. If they were to choose to
do business, they should be hardworking. They should not be afraid of failing
in busi
Student Interviewer's Personal Comment
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