- Yong So Chung quit his job as a software engineer in Ripal in 2015, after which a start -up was fined.
- He started the e -commerce business and is not sorry to leave him 9 to 5.
- Chung, whose business sold more than $ 1 million last year, said he loves a business personality.
This toll -to -essay is based on a conversation with 38 -year -old business, Yong So Chung. The following is modified for length and explanation. Business internal confirms Chung’s past job and business.
In 2014, I did 9 to 5 works, which was currently a Crypto Blockchain Startup.
I joined them around March 2014, and it was an amazing experience. A year later, Finson investigated a platform that we launched about which allowed cross -border transactions to the blockchain.
In May 2015, Fankan Fine Ripple failed to work as a mini -services business, without enrolling $ 700,000 and implementing a proper anti -money laundering program. It has basically given a break to all our development. It was really strange to go from rolling to all cylinders to suddenly blocked.
Every day, I sit at my desk as a software engineer, knowing that we can’t work much. I was sad and sad. Finally, I decided to leave in September 2015 and left my 9 to 5.
At that time my friends told me crazy. Now, I call them crazy.
Start your business around the hobby
When the rape was fined, I decided to go, but I need a plan. I had about $ 10,000 to invest in business, so I spent a summer with an idea.
I reviewed my credit card statements to find out what I was spending and whether I could make a business with my own interests.
He inserted me into the rabbit hole of everyday car gear, like wallets, knives and pens. I spent a lot of money on these products and I was a passion for things that lasted for a long time.
During the summer, I started construction of Instagram audiences of people who were involved in pocket items. Once I felt that I had solid audience, I left the rape in September 2015 and started the Urban EDC Shop, e -commerce brand in October 2015.
Business ideas come from unexpected places
I continued my e -mail list and the Instagram audience, dropped weekly products to release new products every Wednesday.
This gave me an excellent feedback method: Every week, I’ll see what happened and what not. Then, I knew what kind of products I needed to sell.
The daily Carrie community is very strict, in which many people produce products, so we reached some people for cooperation. We were initially profitable because we focused on selling low -cost items. However, it was difficult to survive the profit, and we had to scare. I remember working straight for a month and not going out once. I focused a lot on producing more cash flow, and we gradually developed this business.
We started our second business in 2017 after getting French Blood. We made a Instagram account For the dog, and it exploded. Now we have 122,000 followers as well as Takatok audiences.
The followers were asking us, “Where did you get this use? Where did you get this strap?” My wife suggested making a similar business with EDC gear, but for French lovers and dog owners. My EDC business was growing very permanently, so why not copy the same model to different audiences?
That’s exactly what we did: my wife saw an online shop for dog costumes and dog accessories.
Yong So Chung’s wife developed an online shop for dog costumes and dog accessories after receiving her French Blood on social media. Courtesy Yong So Ching
We created two businesses based on our hobbies and interests. I don’t think there is a balance of work life because I don’t think I’m working. I work almost every moment, eight to 10 hours a day, the weekend, because I enjoy it.
We initially run a business ourselves. But as we rise, we were trapped at about $ 80,000 in the topline revenue at about $ 80,000 a month. I started assigning customer support and increased our team to about 5 to 7 people in the United States.
Cut back back to costs
My EDC company sold more than $ 3 million in 2022, but it was at the height of post e -commerce.
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We were paying a lot on salaries for our employees and software, and our income was decreasing, so from mid-2023 to early 2024, I must cut everything-employees and software-cutting and just come back to me.
I hired a US -based contractor and outsourced five teams in the Philippines. The business was once again profitable, and we did not need all these overhead costs.
Now, we are on a good basis and on the backbone. The company is growing again. I don’t think we are pressing. We sold $ 1.3 million in 2024.
You will never feel ready
You will never be 100 % ready to start your business. Most people live in a job they do not enjoy, and are living in a modest middle ground – happy but not happy.
Being a business, maybe I have been increased physically, mentally and emotionally. You can go into dark moments, and you do not accuse yourself. This is your responsibility. But this is the benefit of getting yourself out since then. In a strange way, you want your challenges to grow as it is a sign that you are growing as a business. Being a business, I have taught me a lot about myself.
I will just recommend jumping or starting the side stir. I have done a career business in Blockchain, where I will be 13 years old and have been making a lot of money so far, business personality, and I have no regrets.
I think it is important to look at your life daily and ask how you want to spend your time. You want to improve to enjoy. I enjoy the heights and shortcomings of entrepreneurship. I can’t even imagine going back from 9 to 5.