Blogs, Development, Ideas

December 1, 2022

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With a feeling of discontent towards the smartphone case designs available in the market, Hongkong native Wesley Ng co-founded Casetify, a multi-million dollar company that manufactures and produces cool smartphone cases.

The 41-year-old CEO takes his business-mindedness from his parents who own a restaurant in their region.

Ng established the business in 2011 together with his friend Ronald Yeung which has now reached over 15 million phone case sales around the world.

As an entrepreneur-grown man, Ng’s mindset is to make profits. According to him, it’s the most important thing to survive, as quoted in CNBC Make It.

“It comes down to one thing — being profitable. Being profitable was super underrated until recently,” he said in a virtual interview. 

Ng proudly shared that Casetify will be attaining $300 million in returns for this year alone.

Furthermore, he advised others to venture into businesses that make fortune and are cost-effective and to learn from other entrepreneurs just like how he learned from his mom and dad.

With his success in the chosen industry, Ng imparts hints to be a self-made millionaire in business:

1.Bootstrapping. Starting with $200,000 capital, Ng shared that he and Ronald always did things and operated out of the interests of the company and not of the stakeholders.

2. Overshare your problems. Business is a give-and-take process, it’s surprising how we can learn from others. Although it may seem a weakness for others to know your struggles as an entrepreneur, it is still fundamental to share and learn from them.

3. Entrepreneurship ‘not for everyone.’ Ng shared that knowing if “it’s for you” is important and to discover if it really is, you should “work closely with a founder” or link with beginners to know how hard it will be.

The successful CEO said that being a producer of a product he is really fond of is what keeps him on the move.

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Manhattan’s Chinatown Receives $20M Funding For 11 Post-pandemic Revitalization Projects

Manhattan’s Chinatown is one of the neighborhoods that has been impacted the most severely by the pandemic.

New York Governor Kathy Hochul unveiled eleven transformational projects that would be part of the initiative to help the Chinatown community reopen corridors, restaurants, businesses, and cultural institutions. 

The projects include:

  • Renovating Kimlau Square
  • Beautifying the Park Row connection to Chinatown
  • Upgrading a section of Sara D. Roosevelt Park
  • Installing murals and light projection art throughout Chinatown
  • Expanding light-up Chinatown street lanterns
  • Opening a community health & wellness center
  • Reopening the childcare and family support center at Smith Houses
  • Creating a Building Upgrades Fund
  • Creating a Chinatown welcome arch/gateway
  • Establishing Asian Culinary Arts of New York
  • Establishing the Chinatown Cultural Welcome Center

“These critical investments will transform the neighborhood and create a more vibrant and inviting destination for locals and visitors alike while enriching the neighborhood by improving foot traffic, economic and cultural activity.” Governor Hochul said in a statement.

Image Source: K.M. Cannon / Las Vegas Review-Journal

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Rochelle Nguyen Sits As The First Asian American Nevada Senator

Clark County Commission appoints Nevada’s first Asian American senator, Rochelle Nguyen, a state assemblywoman. 

“I plan on working hard to ensure we are adequately funding our public schools, that health care is affordable as well as accessible, and that all voices are represented,” Nguyen said, who will replace former state Sen. Chris Brooks for a job in the private sector.

Nguyen was nominated by Senate Majority Leader Nicole Cannizzaro, D-Las Vegas. The new Nevada senator’s appointment to the Finance, Judiciary, and Health and Human Services committees for the next parliamentary session was made public by the Democratic caucus. She will hold the position’s vice chair.

The caucus acknowledged her efforts on “landmark” legislation, which included reforming the criminal justice system, regulating short-term rental agencies, and advocating for victims of domestic abuse.

When Brooks was elected to the state Senate in 2019, Clark County made the decision to nominate Nguyen to replace Brooks in the Assembly. She eventually won the election for the seat in both 2020 and 2022.

Image Source: Vedant Fashions

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Vedant Fashions Founder Made It To India’s Richest List From Selling Affordable Indian Wedding Couture

Ravi Modi started Vedant Fashions in 1999 with the Manyavar brand, selling pajamas, saris, sherwanis(long-sleeved outer coats), kurtas, lehengas (ankle-length skirt), and salwar sets (trouser-and-tunic combination).

Vedant Fashions designs clothes but outsources bulk of the manufacturing. It currently has 590 outlets in 228 Indian towns and 13 in North America and the UAE. 

Manyavar is its flagship men’s line, while Mohey is its 2015 women’s collection. Both are mid-premium or affordable aspirational.

According to Forbes, Modi listed 15% of the company on the Indian stock exchanges in February—the basis of his $3.75 billion fortune that adds him to the ranks of India’s richest this year for the first time.

Modi grew up with three sisters in Kolkata. His father was a first-generation entrepreneur who opened a clothes company in 1975. Kolkata’s AC Market is one of the city’s earliest air-conditioned markets, including clothing, jewelry, and electronics retailers. 

The 45-year-old billionaire lives in a big bungalow on the outskirts of Kolkata where he grows his own fruits and vegetables. With 30 years of retail expertise, he provides a fresh perspective on money and career. “Earning wealth without earning time is meaningless,” he told Forbes.

Moreover, according to Forbes, he spends a quarter of his time on business, asset management, and philanthropy, and the rest on health, relationships, and learning. His daily activities include meditation, yoga, and studying strategies of retailers such as LVMH, Nike, and Uniqlo.

Image Source: G’s Kpop Kilig Facebook

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13-Year-Old Took Her Fangirling Into Greater Heights, Opens a K-Pop Inspired Milk Tea Shop

Filipino teenager Given Mendoza turned her fangirling into a business. As a K-Pop fan, she loves collecting merch of her favorite Korean pop idols. 

Given realized that these items can increase in value. She then found a way to earn by reselling them and worked on growing the business.

With the business’ great potential, the 13-year-old launched her online store, G’s KPop Kilig, “I decided to buy some albums for myself. I also bought some extra albums to sell, to see if I can earn profit,” she told the local news.

Later on, she was able to save enough to open a physical store in Baguio City, Philippines, and sells milk tea and K-Pop merch. As an “Army ”of the popular Korean group BTS, she also incorporates some inspiration to her milk teas.