RAUB: Budding young entrepreneurs should change their mindset to give more focus to developing and expanding their businesses, said Tan Sri Lam Kam Sang.
The Associated Chinese Chambers of Commerce and Industry of Malaysia deputy president said they should not devote too much time on other non-business related matters such as politics.
“I call upon them to come up with innovative ideas on how to grow their market share and create more opportunities to remain competitive.
“Do not get too carried away by politics or spend too much time sharing opinions on the country’s political situation,” he said while attending the 106th anniversary of the Raub Chambers of Commerce.
Citing the younger generation of businessmen in mainland China, Lam said they were very focused on their trades by way of seeking business trade and market information.
“They will use IT tools to their advantage to boost growth, venture and capture new markets.
“Over here, our youths tend to spend too much time on other matters and forget how to manage their business properly by way of creating new platforms to meet new challenges,” he said.
Lam, who is also Pahang MCA deputy chairman and Raub MCA division chief, said seeking new ideas and upgrading existing skills were vital in every field to excel further.
He said one should never stop learning and attaining new knowledge.
“As the saying goes – learning is a lifelong process.
“We must discard the old thinking of rejecting changes but learn to embrace them.
“Also, when we have made it and become successful, don’t forget to give back to society,” he stressed.
Lam called on the chambers’ members to foster closer ties and organise more activities for their benefit.
He said periodical meetings, discourse and conducting market survey were equally important to plan new business strategies.
“To be frank, no one can tell you precisely which business can bring in good profits.
“Doing business involves high risk and we need to be prepared.
“So if you see a good opportunity, seize it,” he said, citing the Government’s Belt and Road initiative with China could be a doorway as the potential was enormous.
Lam said young entrepreneurs should be rational and delve into mature politics “when the time is right”.