Planet E - November, 2000 - "He
wields a vision of what is to bo, and designs it to make perfect
its structure, from floor to roof he overseea its construction,
make known to the world, just how stable it can be. He is the
Architet."
Dot-coms today versus dot-coms of a year ago:
"One of the greatest challenges for dot-coms
today is to show a healthy P&L (Profit and Loss) statement.
Many dot-com companies are now finding it difficult to generate
revenue because they either do not have a clear business model
to begin with, or they face a scalability issue, that is, they
are unable to expand their business. To be successful, the company
must be a value-adder all the time. It must also be innovative
and flexible to changes. That means constant assessment of the
market situation and quick adaptation to changes. The moment a
company stops adding value in this new economy, that's the beginning
of the end of that company."
Challenges and Strategies for your company to
Survive and Succeed:
"There are two main challenges for Singapore
HardwareZone. One is that of increasing revenue and two, is that
of building a successful brand name. To achieve these, we are
implementing various revenue generation mechanisms and are constantly
monitoring and evaluating the effectiveness of each mechanism.
We are also making efforts to beef-up our own marketing (both
online and traditionally offline) and publicity efforts."
Is there a Holy Grail to the Dot-com Business
Model?
"I think there are several points that are
pertinent to all dot-com startups in order to be successful. Five
points I would like to share:
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Passion -
There must be that passion to want to succeed, and to like
doing what you are doing. This passion must be long-lived
too, as it may take awhile to realize this dream that you
may have, so you must never give up, but hand on to that passion
and keep running as fast as possible. |
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Innovation -
Constant assessment of market situations must be made.
You'll need to be sensitive to market sentiments and trends,
and make necessary improvements. Innovative ideas must constantly
come, for the purpose of improving the product or services.
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Team -
We cannot function as individuals in this new dot-com economy.
It has to be a team effort - that is why the team is so important.
Bad team relationships can hinder growth tremendously and
can even be detrimental to the health and environment of the
company so it is paramount to have a good team to work with.
A team that gels together and synergises is the aim. |
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Scalability
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The business model adopted by the dot-com must be scalable.
This is especially true in our tiny country of Singapore.
Naturally, any dot-come in Singapore would have to venture
abroad to wide/broaden their audience/client base. Therefore,
it is important that the business model can be easily expanded
and replicated in other parts of the world. |
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Outsourcing -
A dot-com company must decide what are its core competencies
and which are not. After having identified them, the general
rule is to outsource what is not your core competency. This
is especially so in this new economy, where companies can
gain so much more by concentrating on what they can do best
and leveraging on the expert services provided by other disciplines." |
"HardwareZone Pte. Ltd. Has a web site called
HardwareZone.com. It's aim is to be the premier IT portal providing
IT-related content/information to the community. Currently, our
target market is Singapore, but soon, we will not be restricting
it to just local. We hope to educate the public on the use of
IT to enrich our lives and encourage people to be more IT-savvy.
With more than 25,000 registered members to date (and increasingly
growing), HardwareZone.com is a virtual community and channel
whereby IT product makers can raise product awareness and extend
brand equity to all our viewers."
As General Manager, Eugene Low manages day-to-day running of the
company, from meeting international reps of MNCs to watering the
plants and vacuuming the office. He had 8 'A-Level' distinctions
from SJI and later graduated with a BSc in Computer Science from
NUS.