Douglas Hsu on entrepreneurship
From Voices Of Success: Douglas Hsu, Chairman and CEO, Far Eastern Group · · ForbesAsia
“It's easy to be an entrepreneur but you really have to thoroughly understand what you are going to do and what you are getting into — do not just stumble upon it; you better know what you are facing.”
On , Douglas Hsu, Chairperson at Far Eastern Group, spoke about entrepreneurship during Voices Of Success: Douglas Hsu, Chairman and CEO, Far Eastern Group on ForbesAsia.
About Douglas Hsu
Douglas Hsu, chairman and CEO of Far Eastern Group, appeared in a Forbes Asia interview in January 2020. During the interview, he offered advice to younger entrepreneurs, stating that "the younger generation today is less patient" and that while "it's easy to be an entrepreneur," one should "thoroughly understand what you are going to do and what you are getting into." He emphasized the importance of financial discipline, noting that "most times we all take leverage and we leverage too much" and that his group takes "a more conservative approach" to remain "financially sound and less leveraged." Hsu also discussed his definition of success, saying it "is not just profitability" but includes "market penetration, market stability and sustainability." He added that success also depends on whether a company's personnel "are ready for the next generation, the next move, the next leap into the future."