Q1. Could you do a short introduction about yourself and what you do?
Lyn: Assemble came into existence from our Co-Founder, Ken. Aside from the financial world which he entered after graduating from London, Ken’s passion in donning well-fitting outfits as well as the desire in dressing right for all kinds of occasion fueled a thought and inspiration. “Why pay so much for off-the-rack clothing when they don’t fit?”, “What are the problems clients face when they tailor their clothes? Lack of variety? Inconsistent outfits? Too hefty?”. After garnering enough research and experience, Ken decided to shed the corporate baggage and enter into the world of tailoring. And not just any tailoring business, but a mobile one at that.
Q2. What are some of the money saving tips that you live by?
Ken: Known among my close friends for being SLIGHTLY stingy (heh), I’m one that goes for sale, promotions and of course worthwhile packages. I used to tailor my clothes in Bangkok when I travel to Thailand, to save cost and since I’m there, why not? Soon I realize not only does that method not helped in saving but incurred unnecessary trips and money (alterations, shrinkage, ill-fitting). Saving money doesn’t mean always going for the cheap deal, you have to save it the smart way. Always buy what you require, don’t be a hoarder. Also, we have cheap food round every corner and that’s what I love Singapore for the most.
Q3. Being an entrepreneur, what is the toughest part in managing your finance in your job?
Ken: I’ll have to say, it can get quite messy as the company grows. As entrepreneurs, we don’t have the luxury in hiring professional help to manage our finances or keep tabs on our spending constantly. There will also be lull periods for us during certain point of the year and and as mobile tailors, we have to worry constantly on the outflow of petrol, cashcards, maintenance of vehicle, the list goes on. When you kick start a low capital business, be prepared to meet with many restrictions (which might hinder certain decisions you make in your business!). Keep a healthy habit by recording your sales, outflow and purchases weekly (instead of monthly), definitely save you tones of hassle in the future.
Q4. Any tips for the aspiring entrepreneurs out there?
Ken: Have the guts to dream, think far and outside the box. You might ponder over your idea and think that it’s absolutely crazy and probably impossible for it to work, but it will. That is if you put 200% of your body, soul and sweat into realizing it. I’m all for working smart but working hard will get you there faster.