Don't go solo on your entrepreneurial journey
GlobalTix’s co-founder and NBS Alumnus Chan Chee Kong shares his thoughts on the ups and downs of steering an entrepreneurship and why it’s best to bring along a co-pilot
Chan Chee Kong, COO of GlobalTix, NBS Alumnus
To Chan Chee Kong (CK), Co-Founder and COO of GlobalTix, an e-ticketing service provider for the travel and tourism industry, the entrepreneurship route is lonely but avoidable. It is also fraught with challenges, but with the right partners, these can be overcome.
After graduating from Nanyang Business School with an Accounting degree in 1997, CK worked for multinational financial institutions for more than a decade. In that time, he’s gained invaluable experience that has helped him gauge a business idea’s potential more effectively and the know-how to bring these ideas to life.
We sat him down for a chat, and here’s what he shared about his entrepreneur journey.
Were you interested in the travel and tourism industry, and was that something that drew you to GlobalTix?
I have no love or hate for any particular industry, but I enjoy solving problems and bringing ideas to life. My brother had the idea for GlobalTix after his time with Singapore Airlines and the Sentosa Development Corporation. The problems he wanted to tackle were genuine ones, and that motivated me to help him realise his vision.
His brother, Chan Chee Chong, had a front-row seat to the inefficiencies and finicky customer experience that tourists and attraction visitors often faced. The queues, physical tickets, passes, stamps were no fun for anyone, and going digital could promise a more seamless experience for both customers and merchants.
What’s it like working with your brother?
With the right level of maturity, it’s the same as working with a colleague. Trust is key and something that many business owners and partners struggle with. What matters is that you know what you’re focusing on, and you trust and respect the work of others.
What was it like when you first joined?
I thought it would be an easy sell when I joined in 2015. While Singapore was more receptive, international prospects were more traditional, sticking to the tried and tested. It was tough to convince them to break from the age-old model of hiring promoters and runners to canvas the streets. After all, handing out flyers and other promotional tactics had worked for decades, and seemed more economical in comparison to the investment needed to digitalise their ticketing experience.
The GlobalTix Team
What’s GlobalTix’s corporate culture like, and how do you find work-life balance?
At GlobalTix, we believe that family comes first. Settle your family affairs, and everything else will come together. As for work-life balance, I don’t think it’s a 50-50 split. It’s about being present and committed. When it’s time to work ‒ focus is key, and the same goes for your personal life.
What are your thoughts on starting your own business straight out of school?
It’s important to gain experience, to work for and with other people first. You learn the difference between good ideas and commercially viable ones. Beyond that, you will learn skills that can’t be taught in school. For example, when you are participating in a Co-curricular Activity (CCA) in school, everyone has a common interest. However, in the corporate world, everyone has their own agenda and priorities.
What should budding entrepreneurs consider?
Entrepreneurship is a journey that shouldn’t be taken solo. Because you need someone to stress test your ideas, and you can’t have an intellectual or objective discussion with yourself.
Would you recommend making the transition from corporate world to entrepreneurship?
I like to live by what I call A.C.E.D.,
A.C.E.D
● A: Be adventurous enough to try different things. Take a path less trodden and dare to make a left field move.
● C: Be intellectually curious. You need to be open enough to accept that you make wrong decisions and know how to review, change, learn, and pivot. This is different from flip-flopping.
● E: Empathise with people and things because that’s how you can understand what problems need fixing.
● D: Be diligent. It’s not about working the longest hours. Understand what you need to do and be willing to do it.
Savour the small wins
Could you tell us about some highs with GlobalTix?
Many come to mind. From landing a blue-chip client to partnering with Singapore Tourism Board’s SingapoRediscovers project, these are the types of wins that matter and keep you going.
The lowest of lows and rising to challenges
With no shortage of challenges and disappointments, what was a notable low?
I remember being at GlobalTix’s Chinese New Year reunion dinner in 2020 when I saw a news alert on my phone about China shutting down outbound travel. I knew at that moment that we were in trouble.
Since the early days of COVID-19, GlobalTix has had to consolidate resources. With 60 staffers pre-pandemic, they’ve since cut that by 10%, taken pay cuts, mandated unpaid leave and, other measures that have become common HR practices everywhere in the past year and a half. While COVID-19 hit travel and tourism harder than anything we can remember in modern history, on the flip side, it has also sped up the willingness to digitalise and to adopt offerings of SaaS providers, like GlobalTix. Five-year plans have been shortened to two- or three-year plans.
Not one to shy away from challenges, our team stepped up to take up the gauntlet. We have since used the time to focus on enhancing our technology stack and we were rewarded with many contracts built on our core ticketing engine. While we are not out of the woods, days of pay cuts are over and our staff strength is higher than pre-Covid-19 levels. I am really grateful to our team for riding out this tough period with us and they are truly “Ohana” (Hawaiian word for family).
CK, top right, during his NTU days