MTC#02: From a $10 Million Business Empire to $1 Million Personal Debt - What I Learnt in Failure
* This event is part of the Dream 100 Community, a community formed by readers of the book Why You Should Fail, which aims to bring readers together to network, collaborate and meet the Entrepreneurs and CEOs featured in the book.
For more information about Why You Should Fail, please visit:
Complimentary tickets to this event are available when you purchase a copy of the book online. Please message Vincent at (65) 9829 5138 for more information.
You've read the book... now here's your chance to connect with the featured CEOs in person and ask them your most burning questions!
In our second Meet-The-CEOs series, come meet Mr Edwin Chan (Chapter 1: Lessons Learnt in Failure)!
Facing failure is a key element of becoming an entrepreneur. It is what we do on the bad days that determine our long-term success.
When a product launch fails, when we run out of cash and get into debt, or when nobody believes in our vision but ourselves, those are the days that determine our success as an entrepreneur or in anything we do in life.
Come hear the heartfelt story of Edwin Chan, including:
- How he went from a potential IPO and $10 million offer to $1 million debt
- The pitfalls that led to Cambridge's failure and how to avoid them
- His deepest regrets as an entrepreneur
- How to face up to failure and emerge stronger
- Strategies to build emotional resilience
And many more!
7pm - 7.20pm: Registration and Open Networking
7.20pm - 7.40pm: Introduction
7.40pm - 8.20pm: Sharing by Mr Edwin Chan
8.20pm - 8.50pm: Question and Answer session
8.50pm - 9.30pm: Open Networking
We wish to make this a cozy session so that everyone will have an opportunity to ask questions and meet with the CEOs individually so tickets are limited to 20 only.
Register early to avoid disappointment!
About The Speaker:
Mr Edwin Chan, CEO, Cambridge Institute
Chapter 1: Lessons Learnt in Failure: From a S$10-Million Business Empire to S$1-Million Personal Debt
Edwin Chan built Cambridge Institute in 1997 during the Asian Financial Crisis into one of Singapore’s largest and best-known language schools, serving over 10,000 students at its peak in 2007.
It had a regional presence, with centres that spread across Singapore and representative offices in both Vietnam and China, where a large bulk of their foreign students came from.
With the company growing at a phenomenal rate, Edwin set his sights on taking Cambridge public via an Initial Public Offering (IPO). At the same time, an interested buyer came forward, offering to buy Cambridge and all its assets for S$10 million, a seemingly irresistible offer then.
Fast forward three years later, Edwin became burdened with a mountain of debt. Over the course of a year, he would force himself to show up at the tribunal court on multiple occasions, facing angry suppliers and disappointed ex-staff whose salaries he was unable to pay.
By then, he had shut down all his language centres and became S$1 million in personal debt, an amount he is still committed to repaying today.
Add to Calendar
Wed Nov 8, 2017
7:00 PM - 9:30 PM SGT
7:00 PM - 9:30 PM SGT
- 40 Jalan Pemimpin #02-01, Tat Ann Building, Singapore 577185
Standard Ticket (Inclusive of Peatix Fees) $11.48
- Venue Address
- 40 Jalan Pemimpin #02-01, Tat Ann Building, Singapore 577185 Singapore
5 minute walk from Marymount MRT station
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