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Turning failure into a business

Updated: 2017-12-20 08:24:40

( China Daily )

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Huang encountered major disputes with his co-founders in terms of the company's vision. He has also faced with the dilemma of whether to choose short-term profit over long-term development.

There were times the company had difficulties paying employees on time. So he has now learned how to better increase income and reduce expenditure.

Zhang Haokun, a co-founder of SupSing, sees Huang as a pathfinder and guardian for the company.

"He is the special one on the team, an adventurer with unyielding spirit," says the 23-year-old Guangzhou University graduate.
"Our achievements can hardly be complete without his foresight in business education and valiant efforts."

According to Huang, when compared with other industries such as information technology, launching an education business is less profitable and takes longer to develop. But he still wants to be a part of it.

"Nowadays, success is not just a measure of personal wealth. It's also about how much you can contribute to society," Huang says.

"When I receive acknowledgment from parents and teachers, I feel a great sense of achievement."

In 2015, he co-founded the first Leo Club on the Chinese mainland, blazing a trail for international youth services in China. Founded by US businessman Melvin Jones in 1917, the association has 1.4 million members in over 200 countries and regions.

The Forbes China's 30 Under 30 list features young entrepreneurs, innovators and leaders challenging convention and making impact on society. Huang was listed in the category of social entrepreneurship and education.

What Huang has been doing is forward-looking, considering his age and the education business in China. So there is still plenty of potential for him to develop.

Drawing from his experiences, Huang says qualities such as perseverance, concentration and optimism are crucial for entrepreneurs.

"There are so many talented people in the startup community, but few of them survive," he says.

"You will encounter various kinds of obstacles. ... Optimism is the key, so that you can continue to renew yourself in the business endeavor."

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