Kevin Steer: Spearheading Innovative Consulting within FinTech & InsurTech Sectors

A visionary technology solution and consulting services company, 121Advisor has been serving clients across the Financial, Insurance, and Takaful sectors in Asia region for the past 20 years under the hegemony of Kevin Steer. Since its incorporation in 2010, 121Advisor has pioneered various revolutionary business solutions in digital technology, internet, and mobile platforms, social media channels as well as regulatory-compliant cloud solutions for multinational and domestic clients.

Kevin Steer:

Is a renowned name in this field; he is bringing new innovations to this business world. As the CEO of One Two One Advisor, Kevin advises on the design of new solutions and develops data models for the company. He leads a team of 35 individuals at 121Advisor, and he inspires them to create innovative solutions. Kevin is interested in the banking, insurance, and takaful industries, where his team has built a variety of innovative solutions, including online sales solutions, customer care portals, and n-Tier ALCs (Agency Leader Corporations).

In academics, Kevin did a bachelor’s degree from Cambridge University and subsequently spent five years working for Schlumberger. In 1986, he completed a Masters in Computing at Imperial College, where he concentrated on Artificial Intelligence, after observing how IT was growing.

More about the Firm

Catering to both the FinTech & InsurTech sectors, One Two One Advisor Sdn Bhd was formed in 2010. Over the past 10 years, the company has implemented many disruptive online solutions including Referral Management with Marketing Automation for Banks, Mobile Point of Sales, Online Direct Selling, Online Claims, Agency Distribution, Online Customer Service Portals & Corporate Websites. With the growth of AI & chatbots; 121Advisor implemented disruptive solutions including multilingual Chatbots & Robo Advisors along with AI-based Predictive Analytics / Machine Learning for predicting New Products, Lapsation, Fraudulent Claims & future predictions for Investment Funds.

“We grew 121Advisor to 20+ companies, including Agency Distribution for N-tier Agency Leader Corporations (ALCs). Plus we included Mobile Point of Sales, as well as Online Direct Selling to our customers, as well as Customer Service Portals to manage inquiries as well as service requests”, shared the visionary.

Dealing with the Challenges

Having worked in the insurance & takaful sector for a number of years, 121Advisor’s mission was to provide disruptive InsurTech & FinTech solutions for insurers, takaful operators & banks.

As a CEO & ‘techie’, Kevin has always been looking for new disruptive solutions to continue evolving the business. What was interesting was that he worked for an Artificial Intelligence Company in 1986, and that piqued his interest in AI. When 121Advisor started seeing the evolution of Chatbots, Robo Advisors, Predictive Analytics, Behavioral Intelligence & Robotic Process Automation. 121Advisor started researching on AI solutions and the team implemented 24×7 multi-lingual Chatbots, Robo Advisors for lifestyle financial planning, as well as implementing Predictive Analytics solutions for predicting new products to buy, lapsation of policies, fraudulent claims & future growth/decline of investment funds; which are integrated with RPA solutions to trigger workflows to notify the relevant people.

Present-day, 121Advisor has grown the business, and they are looking at u12 to expand to Singapore & Indonesia.

From the CEO’s Desk

Secret Sauce: My “Secret Sauce” is to enable businesses to grow and expand to more countries.

Biggest Failures & Learning: My biggest failure was to grow the business to 20+ companies, and we have expanded the companies to ALCs distribution models, where we distribute payments to each individual, and we monitor performance ratings.

Define Success: Success is growing and we plan to expand to new countries (Singapore, Indonesia, Europe & USA).

New Ideas in the Pipeline: 121Advisor designs Disruptive Solutions and we have significantly expanded our business to grow more business.

Vision in Life: 121 Advisor vision is to grow our disruptive solutions to new heights. Where we grow to build a Successful Journey.

Characteristics of Every Leader: As a Leader, I motivate the team to develop more solutions and grow the business.

Road Ahead

With the current pandemic ongoing, 121Advisor saw the need to offer financial services and health services online with lifestyle financial & health advice. They recently launched a knowledge portal u12know in Malaysia, that provides lifestyle financial advice (for single, married, family, retired & my business). This will be continuously extended to include lifestyle financial goals with recommendations for financial and business products, including our multilingual chatbot & Robo Advisor (which provides advice on financial goals). In addition, we have launched a number of Health Calculators, and they will soon be launching a “Total Health Score” to advise people on whether they are healthy, sick, etc.

121Advisor will be signing up with a number of banks, insurers, takaful operators, unit trust companies & will-writing services to offer their services online.

Best Advice Recently Received:

“Assess the risks and see whether they are suitable, and look at the new business to grow the company”

Abhy Maharaj: Enacting Change in the Supply Chain Industry with Advanced Logistics Solutions at Newcold

A rapidly growing global company specialising in advanced temperature-controlled warehousing and logistics, NewCold is redefining the design, development, and operation of automated cold storage with Abhy Maharaj as its Executive Vice President Business & Growth.

As the Executive Vice President, Mr Abhy has been spearheading the company successfully together with Founder Bram Hage and members of the leadership team – achieving a wide network of advanced automated facilities across Europe (United Kingdom, France, Poland, Germany, Italy, Sweden), Australia, and the United States. He has been with the company for 2 and a half years initially in Australia and now in the Netherlands and is responsible for Commercial, Strategy, People, and Growth of NewCold Globally. Abhy Maharaj is well established as a Business Leader, Innovator and Strategist. He has worked in senior executive roles in the wide spectrum of global brands, food manufacturing, and aviation industries prior to moving to NewCold.

More about the Initiative

Founded in 2012 by Bram Hage and WestPort Capital Partners, NewCold has its HQ in the Netherlands with locations across Europe, the US, and Australia. NewCold Advanced Cold Logistics is the fastest-growing automated warehousing and distribution global player whose world-class systems, energy efficiency, and productivity make it stand out from other conventional cold storage companies.

It operates a network of 11 cold storage facilities, with 927,000 pallet positions, on three continents and is further expanding its operations globally, building on decades of know-how in developing and operating advanced cold chain logistics solutions.

NewCold wholly-owned software subsidiaries Davanti, NewCold Automation and GL Automation provide in house Warehouse Management and Material Handling software expertise.

NewCold has been growing at over 30% CAGR a year and has strong support from its Tier 1 customers with global names like McCain, Froneri, Conagra Foods, Simplot, etc. Customers tend to be large multinationals who have developed a long-term relationship with NewCold built around trust and performance. The average contract terms are very long term in tenure and as such relationships with its major customers are more like partnerships with close collaboration built around high service standards and ground-breaking innovation.

NewCold has a significant greenfield development pipeline of asset builds and as it scales up, maintaining agility and finding the right talent is a constant challenge but also an opportunity to bring in great talent into the business. The supply chain disruptions and impact of Covid on our customers have added complexity to a number of our operations and construction projects.

What Helped Mr Abhy along the Way?

The main driving force behind Abhy’s journey is the strong curiosity to understand how things can be done differently and working closely with some inspiring leaders has helped develop him over the years.

Abhy has never been afraid of making some daring choices in his careers such as joining an airline that was close to bankruptcy and helping it turn around and become one of the most profitable and innovative airlines globally, or joining a large dairy company with a multi-billion-dollar M&A agenda or working for NewCold, a fast-growing disruptor in the automation and logistics industry. They are all very different sectors but all going through a significant transformation which is an environment that he loves to work in.

Bram Hage, founder of NewCold, has played an important role in Mr Abhy Maharaj’s success and likewise other inspirational CEOs like Theo Spiering’s at Fonterra, Rob Fyfe at Air New Zealand, and great CFO mentors like Lukas Paravicini (Fonterra) and Rob McDonald (Air New Zealand)

A Day in the Visionary’s Life

His wake-up time is typically around 6.30 am. After a quick walk with the dog, he will head off to work or if working from home review and plan his day. Days are a balance of team discussions, innovation ideas, decision forums, and phone calls from around the different geographies the company operates in.

Abhy does not have a 9-5 type job… as he is working in different time zones his meetings or calls can be either very early or late at night. He is late to bed (around 12-2 am typically) so lots of time to fit in different activities and balance work and family life.

Abhy has been a vegetarian since he was 18 years old so he always likes experimenting with different food recipes or trying out new restaurants. Traveling and seeing new places is also an important part of life and spending time with his wife Ashika, three children, and Yorkshire Terrier Alpha.

Favourite Book

“While I am now living in the Netherlands I grew up in New Zealand and I love and used to play rugby and the All Blacks are not just an amazing rugby team but the most successful sporting team in the world. The book Legacy by James Kerr is a favourite of mine as it uses sport and the All Blacks to show how the best in the world stay the best in the world”, shared Abhy.

Road Ahead

NewCold has a bold ambition to be “the world’s most customer-centric, advanced and fully integrated automation & logistics company.” Their growth has been absolutely breath-taking and while they are already the 4th largest in the world by size their journey is just getting started with significant new projects to come with the business doubling in size every three years… watch the space. NewCold is continuously exploring new ways to reduce energy consumption and drive efficiencies through new technologies aimed at making NewCold the most sustainable company in the logistics space; NewCold is on an exciting journey and we are simply just getting started with many more exciting chapters still to be written in our growth story.

Jewels in the Crown
  • Newcold is the largest automated cold storage company globally and ranked 4th largest refrigerated warehousing and logistics provider in the world by Global Cold Chain Alliance.
  • Newcold is Number 10 in 2021 Top 250 of Fastest-Growing Dutch companies.
A Piece of Advice for Female Entrepreneurs

“My mother was a senior executive and I watched her break many glass ceilings in her career… this has always stayed with me and it’s important particularly in the logistics industry that we attract female entrepreneurs and leaders”, shared Mr Abhy.

“My advice would be not to spend too much time worrying about what others think about you and have the confidence and resilience to follow your passions… eventually, the naysayers will follow your lead”, he further added.

 

Robbie Cabral: A Proactive Business Leader Redefine Personal Security with BenjiLock Since 2015

A confluence of innovation, honesty, and the universal mind, he is none other than Robbie Cabral, CEO & Founder, BenjiLock, LLC. An alumnus of the Universidad APEC, where he completed his Bachelor’s Degree in Advertising.

A man with many hats, Mr Cabral is a strong entrepreneurship professional with a Certificate focused in Music Management from the University of California, Los Angeles.

Experienced Chief Executive Officer with a demonstrated history of working in the consumer electronics industry, this fine gentleman is highly skilled in Search Engine Optimization (SEO), Copywriting, Event Planning, Customer Service, and Advertising.

From dreams of becoming a rock star to an entrepreneurial lock star, Robbie Cabral, CEO and founder of BenjiLock, took his passion and his prototype to CES back in 2017 on a whim. Mr. Cabral is a prolific and outstanding leader; he has led the company’s unique solutions to help people and create multiple drivers of growth that made a significant contribution to the company’s progress.

BenjiLock- The Personal Security Specialist

They specialize in personal security. Founded in 2014-BenjiLock is redefining the personal security experience by using fingerprint hybrid technology in padlocks, bike locks, and deadbolts to bring protection with the consumer in mind. The traditional lock hasn’t changed in over 100 years, and since the introduction of the key, the BenjiLock invention has become the innovation in its category. This is the world’s first traditional rechargeable padlock with fingerprint technology. BenjiLock can support 10 fingerprints and can also be opened using a traditional key.

Robbie further apprised, “Our customers are our clients, and without them, I couldn’t see BenjiLock as a reality. However, we have our products available at Walmart, Home Depot, Best Buy, Ace Hardware, b8ta, Lowe’s, QVC, and many others.”

Starting as an Author

Robbie Cabral is not an author yet, but he is looking forward to it. The leading man believes his personal story and struggles to get where he is at today are what truly is the American Dream. The everyday people relate to it because he is one of them. BenjiLock has a story to tell as a brand compared to others. Why? Because it’s real life.

Hurdles on the Way & the Driving Force

The pivot is to adapt to the times presented by the coronavirus. In light of this pandemic, I’ve taken the time to foster innovation. The ‘Fingerprint Bike Lock’ and ‘Fingerprint Door Lock’ innovations advance BenjiLock’s mission and expand the technology into different categories.

“As entrepreneurs, we tend to be our way, or the highway, and think we’re the only ones going through it. In reality, we’re all in this together”, said Robbie.

The “Shark Tank” experience has helped the leading man along the way. It was the most anxious and exciting moment in his life. The chance to have Kevin O’Leary as not only your investment but as a mentor and advisor, it’s a blessing. Kevin’s vision was also where Robbie saw BenjiLock going. He is thankful for it.

Be patient. The universe will dictate and put you on the right path. Don’t be afraid to share your ideas and connect with other entrepreneurs. Seek mentorship as it never hurts.

Creating a more Balanced and Equal Industry

Robbie advises startups and major corporations to create a culture that stands and supports equality. It all starts in the hiring process. The beauty of the United States and the world is diversity, and he loves reaching everyone in between.

A Day in Robbie’s Day & Favourite Book

When asked about his daily routine, Mr. Cabral shared, “I’m very active. I wake up and make sure I take care of my family first. From getting my kids ready and your usual drop-offs at school. Then, I always take some time to exercise. Whether a quick bike ride or gym workout. It helps me clear my mind and start my day. After that, give me a nice cup of coffee, and I’m off to work! And I can’t stress it enough. If you’re irritated, take a day off. Sleep well, and you’ll be more productive. As far as hobbies, I won’t lie. I can’t live without my basketball and baseball. Huge NBA fan!”

He continued, “I have many books that inspire me, but I do take to heart ‘Ninja Future: Secrets to Success in the New World of Innovation’ by Gary Shapiro. A great read for forward-thinkers.”

The Future Roadmap

BenjiLock’s future is exciting! The smart home market is showing no signs of slowing down, including the use of biometrics. The consumers are adopting it, and Robbie is glad to be part of it. The roadmap of developing his technology with a manufacturer as Hampton Products International, it’s incredible! Not only are they expanding their retail footprint, but they see BenjiLock as a global brand. Remember, padlocks are universal.

Presently, BenjiLock’s fingerprint technology is expanding into a portfolio of products-an upcoming line of bike locks, next-generation padlocks, drawer closet, and cabinet locks, and a brand-new line of smart home door locks.

Awards & Milestones

From industry accolades, the BenjiLock invention has become the most awarded padlock in America, including the 2021 Digital Trends CES Award, 2021

TWICE CES Picks Awards, 2021 TITAN Business Award, 2020 Big Innovation Award, 2020 CES Innovation Award, 2020 I&T Top 50 Most Innovative Products, TIME’s 2019 Best Inventions, 2018 Thomas Alva Edison Award, and more.

Words of Wisdom

Don’t be afraid of pursuing your goal. Don’t take a ‘no’ for an answer. Be you, decisive, and things will pan out.

Phil Bristol: An Exemplary Business Leader, Accelerating Organizational Performance with Projectivity Solutions

Passionate, ardent, and fierce, Phil Bristol, Founder, President, and CEO, Projectivity Solutions, translated his dream into the reality of his life as he became one of The 10 Most Influential Leaders in HR Services in 2021.

Executive Coach, C-Suite Consultant, Strategic Advisor with over three decades of experience, Phil Bristol enables business leaders and individuals to unleash their potential to deliver extraordinary results.

In January 1989, the focus of Projectivity Solutions was to help businesses increase growth and profitability. In 2006 the company focus became solving the multi-generation challenge of family-owned and small privately held businesses. At Projectivity, Mr. Bristol works with boards of directors, executives, leaders, high-potentials, and teams to increase their effectiveness, influence, and profitability. He helps facilitate personal and organizational change, serves as a sounding board on complex issues, and works with top performers to help them advance to the next level of responsibility.

Mr. Bristol has demonstrated skills in strategic planning, business process re-engineering (BPR), enterprise-wide project management, and leadership development. Phil’s 35 years of experience focuses on leadership, project management, and the information technology (IT) industry. He has successfully planned, marketed, developed, and implemented innovative solutions for public and private sector clients.

In academics, he is an undergraduate from the University of Nebraska, a graduate from the University of Northern Colorado, and did post-masters courses from the University of Southern California. Phil Bristol has taught leadership, project management, and strategic planning at the graduate and undergraduate levels. He is a graduate of the PMI Leadership Institute Masters Class 2010 and a frequent speaker at global leadership congress and institute meetings.

Phil’s broad work experience, education, and academic positions give him a balanced perspective for practical business solutions.

Integrated Service Provider

Projectivity Solutions is an integrated service provider that increases business value by identifying and eliminating the unseen obstacles that adversely impact employee satisfaction and productivity. “We build people; we build relationships; we build high-performing trust-based cultures.” Unlike other organizations, Projectivity Solutions uses over 130 years of science and research to objectively gather data by conducting targeted “X-Rays” focused on 1) business operations, 2) relationships, 3) financial performance, and 4) management mindset. “We diagnose root causes – collaboratively prescribe missing business elements, and predict future challenges created by organizational complexity.” Projectivity Solutions programs address the missing business elements that facilitate exceptional leadership, management, and enterprise performance.

Projectivity Solutions program offerings are:

Exceptional Leadership: Growing collaboration – Moving from CONTROL to INFLUENCE

Exceptional Manager: Working ON the business, not working IN the business – Moving from DOING to CRITICAL THINKING

Exceptional Enterprise: Focusing on essential business elements – Moving from REACTIVE to FOCUSED discernment

Exceptional Management Mindset: Creating a Culture – Moving from ME to WE Exceptional Management Mindset: Creating a Culture – Moving from ME to WE

Mistakes Organizations Make in Workforce Dynamics

Too often, executives and managers fail to lead by example, creating obstacles in a self-accountability culture. Specifically, the lack of clarity and alignment with the following four essential business elements: 1) Vision Mission-Purpose & Values, 2) position key results, 3) master business processes, and 4) Key Process Indicators (KPIs) contribute to performance complications. Vision-Mission-Purpose provides workforce inspiration and direction; key results and business process combine to simplify work expectations; Values clarify relationship expectations, and KPI’s objectively quantify results. Combined, all four create a culture of collaborative self-accountability.

Impact of COVID-19 Outbreak in the HR Industry

HR is a “high-touch” function. COVID restrictions and geographic dispersion have limited one-to-one and group interaction. Even with the proliferation of Zoom, the many non-verbal messages became obscure, while voice tone, and tempo, were degraded. Leaders who enhanced their coaching, listening, and learning skills while asking clarifying questions have built deeper levels of rapport and trust. These leaders’ have enhanced team engagement and increased productivity.

One Myth about the HR Profession

The biggest myth is data-driven decisions are unimportant in the HR Profession, that collecting, processing, and analyzing “big data” is of no consequence. To design targeted training programs that optimize human and organizational potential, professionals need to understand how the data for each individual, team, department, and the company’s communication styles, motivations, decision-making capacity, and skills is essential.

Top Trends in the HR Space

HR professionals need to know the core business challenges and become “rooted” in other company functions. Bristol recommends three action steps: 1) determine how the function supports the mission, then ask the following questions a) what is my department or what I am doing that creates a challenge for this organization? b) what are other obstacles creating difficulties? c) how can I, as an HR professional, help? 2) then make helpful work adjustments 3) finally, check-in and verify if there is a positive impact… if not. Ask more questions, make adjustments, and check in later.

The Inspiration Behind the Transformation

“My master’s training is in Operations Research & Systems Analysis (ORSA) Information systems, data, and project management dominated my thinking and interaction with others. My thinking and mindset changed in 1990; I was selected for an intensive Organizational Development (OD) program that combined management leadership principles with psychology & behavior and organizational development. The foundation of my current practice is exposure to the works of B.F. Skinner, Virginia Satir, Fritz Perls, Bandler & Grinder. These lead to Edgar Schein, Daniel Goleman, C. Terry Warner, Judith Glaser, and Berne Brown”.

Phil’s Tips on Maintaining the Work-life Balance

Exercise: Swim for an all-over body workout.

Drive backcountry roads: Connect with nature and clear your mind.

Build Friendships: Enjoy time with family, neighbors, and friends

Leadership: Know yourself and manage stress – your words and actions impact those around you. Actively enhance empathy and compassion for others.

Productivity: Focus on your passion and gifts – not work. Develop a sense of cadence and flow with the team and clients. Productivity: Focus on your passion and gifts – not work. Develop a sense of cadence and flow with the team and clients.

Time Management: Have a master calendar and block time for a predictable framework. Be clear on the top 5 results you deliver, the priority, and the time allocated. Leave 20% of your time open to contingencies

Surprising Fact to Know about Phil Bristol

As an airborne ranger, he learned the value of teamwork and to enjoy jumping out of a perfectly good airplane or helicopter.

Future Plan: We are continuing to develop the venture and make a difference locally and globally.

A Piece of Advice: Be curious, ask questions. Questions open conversations; statements shut down conversations.

GILLES HERARD: A Professional and Thoughtful Leader, Providing Tailored Funding Solutions At CCMB

Envisaging the need of organizations and developers looking for Funding and Professional Assistance in a diversity of projects, industry veteran, business leader, and visionary, Gilles Herard joined Capital Corp Merchant Banking in the early 1980s and thereby entered the Merchant Banking world.

Born in 1952, Mr. Gilles Herard belongs to Montreal, Canada. In the 1970s Mr. Gilles Herard joined Manufacturers Hanover Corporation of New York as Senior Credit Analyst. At the time, Manufacturers Hanover was considered one of (if not the) most important commercial banks worldwide, counting among its clients the world’s top 500 companies.

The visionary began his career in Banking in 1972 with the Toronto Dominion Bank (Canada), where he attended highly specialized classes in administration and credit, and became a Fellow of the Canadian Bankers Institute. He subsequently obtained another degree from the University of Central Florida in Mastering Skills of International Trade. In academics, Mr. Gilles Herard holds a University Degree in Administration and a degree from the Canadian Bankers Institute.

In the early 1980s, with 10 years of experience working for world-leading banks, Mr. Gilles Herard joined Capital Corp Merchant Banking and thereby entered the Merchant Banking world. He has since further developed the international boutique financing market, weathered recessions and various tumultuous industry storms, and remains a successful, trusted, and in-demand resource in complex financial structuring of private projects worldwide.

More about the Firm

Capital Corp Merchant Banking is part of a Group that was formed over three decades ago to meet the growing needs of organizations and Developers looking for Funding and Professional Assistance in a diversity of projects. CCMB offers the Award-winning comprehensive capabilities and deep industry knowledge necessary to help the clients obtain the funding they need for their project. Capital Corp is very different from anyone else in the industry in that they do not charge any Application Fees, Review Fees, Meeting Fees, Stand-by Fees, Pre-Due Diligence Fees, nor any other type of up-front fees; in fact, they charge no fees whatsoever until such time as Capital Corp is ready to commit to the project.

Clientele & Corporate Ethos

Capital Corp Merchant Banking can stimulate optimal performance for its clients. Their success has come from their culture, which strives to foster the same values that help any business succeed: Hard Work, Common Sense and Integrity. What’s more, they have always stayed true to the original vision: providing our middle-market clients the same Tailored Solutions and Funding Packages in International Project Financing by way of Equity Funding and Debt Financing. “Our word is our bond, simple as that. As such, our clients come to us from all kinds of industries: real estate, technology, pharmarceuticals, biotech, film/entertainment, tourism, healthcare, waste management, energy, manufacturing, and more”.

Hiccups on the Way & Supporting Factors

“The challenges for us are always the same as for everyone else – the health of the markets, and socio economic conditions. Although working in a variety of industries makes us flexible, it also means that we are affected by not just one industry’s market cycle, but really all market cycles. So, we need to stay vigilant and very well informed at all times”, said Mr. Gilles Herard while talking about his major hurdles.

Hard work and determination are always the foundation to build upon – but what has been absolutely critical in building up Mr. Gilles Herard’s reputation and renown has been to master the craft of project finance structuring and engineering, which Mr. Gilles Herard has worked his entire career to become.

Creating a more Balanced and Equal Industry

“There are a few critical factors that would promote such an industry and that are what we continue to stick to in our own organization: diligence, respect and courtesy, attention to details, and listening carefully to what our clients say so we can show them that we understand”, state Mr Herard when asked about his opinion on creation of a balanced and equal industry.

Favourite Book

Mr Herard does not read novels, but he reads to learn something about History, Religions, and the people that lived in different periods and left their mark in history as it has always been his passion. He has also read the biographies of all the popes (from the first one to recently elected Pope Francis), he has read the Koran, and the Torah, and several other religious books, so as to better understand the followers of those religions and their religious traditions.

Future Roadmap

People will always need someone who can think outside-the-box and deliver results, which is something Gilles Herard and his team have particularly excelled at over the decades they have been in business. What remains is for them to stay focused on that, where many other companies in the industry ended up distracted or spread themselves thin and expired. Their sustainability is based on persistent consistency and they plan to keep it that way.

Awards & Milestones

Mr Herard has been consistently, consecutively awarded in Orlando’s Business Hall of Fame for International Financial Consulting since 2009. Other awards include Gamechanger of the Year in 2017 by Acquisition Finance Magazine, Best International Financing Firm, Marquis Who’s Who, and CCMB obtaining a 2020 award as part of the 50 Leading Companies of the Year by the Silicon Review.

A Piece of Advice for Female Entrepreneurs

Unfortunately, the financial services industry is still dominated by men, and for any woman to enter into this arena the challenges are mind boggling – but as with any other industry, this one too needs and can benefit from the involvement and perspective of women, so my advice is to not give up and go for it!

Serge-Alain Wandji: Adding Values in Lives by Improving Healthcare System in Developing Countries

Access to affordable quality healthcare is one of the major challenges of developing countries. The World Health Organization estimates that over 100 million people mostly in Low and Middle-Income Countries fall into extreme poverty every year because they can’t afford healthcare and have to borrow money or sell a productive asset such as the farm to pay for medical bills. 

Serge-Alain Wandji, CEO and Co-founder at DiaspoCare, visions to curb healthcare challenges especially premature deaths in African countries. He is also a social entrepreneur endeavoring to ensure that everyone gets appropriate healthcare services despite their financial status. He opines, “My inspiration to start DiaspoCare came from realizing how easy it is to die prematurely in Africa because of poor access to health care. Purchasing one monthly course of diabetes medicines can easily cost a 7-days wage. In the USA, my annual healthcare spending is close to $15,000, but for a Sub-Saharan African, it is less than $100. We as diapora members have the moral obligation to help our families back home. That’s what inspired me to start DiaspoCare.”

Challenges that Make You Strong

Serge-Alain Wandji says, “I am of the strong conviction that everything we do prepares us for a grand challenge, whether or not we realize it.” As per Serge-Alain Wandji, he was born in Cameroon in a family of nine very competitive siblings and demanding parents. He explains that his parents loved him and his siblings to death but had very strong expectations for them. In his family, they had no excuse for not being successful.

At the age of 18, Serge-Alain Wandji left Cameroon to study in Canada. He asserts, “Being an immigrant is not an easy journey especially when the culture gap is so wide. That experience toughened me up and showed me how to adapt quickly.

Secondly, I became a scientist. This meant there was no such thing as instant gratification; most of the time what scientists do, doesn’t work anyway, and a lot of time is spent troubleshooting. That taught me resiliency and most importantly that I can tackle almost any challenge, given enough time.”

Serge-Alain Wandji gained a perspective by going through those challenges and roadblocks that made him launch DiaspoCare with a bold vision of healthcare inclusion for millions of people in Africa. For him, the biggest lesson learned has been to leverage others for such an ambitious goal.

Painstaking Efforts to Save Lives

In Serge-Alain’s opinion, two major challenges haunt African diaspora communities who want to ensure their loved ones in their home country don’t die prematurely and don’t face healthcare-related financial catastrophe. The first one is the diversion of healthcare funds by the recipients. He explains, “In fact, my mother would divert her health care remittances to address other family needs and I suspect yours would do the same thing.” DiaspoCare enables Serge-Alain Wandji to receive a notification on his mobile phone whenever his mother needs a prescription and pay her pharmacist directly to have the medicines delivered to her.

The second challenge is that up to 30% of medicines sold in Africa are counterfeited, and pharmacies are out of stock 40% to 60% of the time. To address these supply-side challenges, DiaspoCare offers a business management solution that helps the typical mom-and-pop pharmacies in Africa manage their inventory, drug expiration, automates their procurement, and even send automatic refills to patients. Their solution, branded as Pharmacy-in-a-Box works even if there is no Internet or electricity for an extended period of time but only costs a fraction of existing solutions. The team states, “We also work with drug authentication partners to ensure that a payment from our diaspora supporters only clears once the medicine authenticity has been validated.”

Contribution by Providing Value-based Care

DiaspoCare’s vision is to achieve its most ambitious goal of including at least 20 million people in the healthcare system in Africa in the next ten years.

To achieve this goal requires some truly disruptive business model innovations. “We started by challenging the misconception that there must be a trade-off between quality and price,” says the team. The company adds that people usually expect products deployed to Low-Income Countries to perform at 50% and cost 50% less than in Developed Countries. But this is healthcare, and we can’t perform half a surgery on somebody and charge half the price. Serge-Alain Wandji asserts, “We believe that it is possible to achieve 100 percent performance at 20% of the cost. This has been our approach across product and business model innovation.”

He further adds that DiaspoCare’s Pharmacy-in-a-Box for instance enables a mom-and-pop pharmacy in Sub Sahara Africa to function with the efficiency of a CVS but at a fraction of the cost. This applies to the organization’s approach to healthcare financing as well.

In 2019, the Nigerian diaspora sent back home over $23Bn according to the World Bank. Serge-Alain Wandji realizes that there is a tremendous opportunity in transforming the diaspora community into a different kind of healthcare payer group; one that demands quality at a fraction of the cost.

He states, these communities hold tremendous financial power and can insist on health outcomes for the right price for their loved ones. The team at DiaspoCare believes “value-based care is possible for us because we are starting from a clean slate and can design it from scratch. Furthermore, we believe that digital transformation of healthcare financing and delivery would have a multiplying effect on the value/cost ratio making it possible to bring affordable quality healthcare to hundreds of millions of people in Africa.”

An Extensive Work Experience

Before DiaspoCare, Serge-Alain Wandji was trained as a scientist in neurophysiology and reproductive endocrinology. Then and there, he conducted some postdoctoral research at Cornell University and Penn State College of medicine. After that, he completed his master’s degree in management of technology from the Wharton School and the School of Engineering and Applied sciences at UPenn.

Serge-Alain Wandji was also appointed as Associate Director of Technology Development at Hershey Medical Center and subsequently went to work for the Colgate Palmolive Company and Cargill in intellectual asset management, technology commercialization, partnerships, and innovation management. He then joined Children’s Hospitals and Clinics of Minnesota as VP of Strategy, Business Development, and Innovation. Serge-Alain has co-founded several startups and served on a few boards.

Responsibilities as the CEO and President of DiaspoCare

At the office, Serge-Alain’s day starts with updates and meetings with his teams in Kenya, Ghana, and Nigeria, followed by investor’s presentations and partnership meetings. Then there is a one-on-one meeting with the leadership team and at least 2 hours of strategic and thinking time.

Serge-Alain considers, the one word that can define him is grateful. He very much appreciates his team members and believes they are amazing leaders. According to him, each one of the co-founders of DiaspoCare has done amazing things and would be capable of running the organization.

Personal and professional life

A healthy routine is vital to maintaining a balance between work and personal life. Serge-Alain works out at the gym at least 5 hours a week, practices transcendental meditation, and believes in redemption. He is strongly connected with family and some close friends. He also enjoys listening to jazz.

“One thing that absolutely keeps us going is the freedom to create a better future for millions of health care disenfranchised. This is the case throughout the organization, including with our Africa-based teams,” says Serge-Alain.

Plans for future

For the future, DiaspoCare plans to grow in Kenya, Nigeria and Ghana, initially then across Sub-Saharan Africa in the next ten years to reach at least 20 million lives. Serge-Alain Wandji’s personal goal is to inspire, develop and empower the next generation of African healthcare leaders to make the continent a true beacon of hope for healthcare inclusion. His message to aspiring leaders is to “always lead with conviction, always stand for what you believe.”

Sinhue Noronha: A Passionate Business Leader, Making Life-Altering Effort to Create Difference in People’s Life

“Life is too short and unpredictable and one has to make the best of the present rather than regretting the past or expecting an extraordinary future,” Sinhue Noronha shared the harsh reality of life that he realized during the current Covid 19 situation and keeping in mind the major issues like Global warming and climate change that threaten humanity.

Sinhue Noronha is the principal promoter and CEO of a dignified and renowned brand, Africure Pharmaceuticals Limited. The ambitious business leader navigated through a life journey with the deep rooted purpose of creating a better quality of life. Interestingly, his affair with the pharmaceutical industry started at the age of 20. He started his career as a medical representative and after that rapidly moved through roles of product executive, product manager, Sr. product manager, Marketing manager, and Marketing controller.

At the age of 30, Mr. Sinhue Noronha ventured into the business of manufacturing and exporting pharmaceutical formulations to buyers in Europe and Africa. Later on, moved into a Leadership role in the pharmaceutical industry and built various businesses across the African continent to a critical size & now here we are, with Africure Pharmaceuticals Limited, created with a vision to take manufacturing technology into Africa with a differentiated business model of creating manufacturing capabilities in key African markets.

Made in Africa by Africans for Africa, Africure Pharmaceuticals

As it is very commonly known the continent of Africa specifically the Sub- Saharan region is extremely backward on all counts including healthcare which is one of the most important sectors. The poor healthcare system leads to a loss of many Man-days resulting in even lower income and a great financial burden on the families.

As a company, Africure Pharmaceuticals is focused on progressing Pharmaceutical facilities and capabilities and train the local population to be self-sufficient. It is a very challenging task but the team has taken it upon themselves to bring smiles to the faces of the African population and hence their adage made in Africa by Africans for Africa. Africure has manufacturing plants in India (EXPORT ONLY UNIT), Tanzania, Cameroon, IVC, Botswana and a plant upcoming in Ethiopia (By 2022). They also have distribution companies in Cameroon, Uganda, Tanzania, Nigeria and Burkina Faso.

A unique business model initiated by Africure pharmaceuticals is called Management contract. There are a lot of Struggling Pharmaceutical manufacturing plants in Africa that are accumulating loss over the years. As a part of management contract Africure helps these company become profitable by assisting in purchase of raw materials and engineering materials, production planning and sales of finished good. Africure has taken up 6 companies under management contract till date.

The Greatest Accomplishment

“Accomplishments are never planned but goals and activities towards an objective with a vision that is steered well will deliver the desired result”. Mr. Sinhue Noronha’s thought process of creating multiple manufacturing facilities and capabilities in key locations in the sub-Saharan Africa is something that has never been accomplished before by any other company whereas Africure, as a company has made great progress in this direction in a significantly short duration and in times to come, would be considered as an achievement.

Fight Back to the Problems

The ardent entrepreneur believes that the opportunities to grow are unlimited and every country in Sub Saharan Africa has the capability to house a manufacturing facility, on the road to self- sufficiency.

The company has worked in virgin markets with virtually very little local materials, language barrier, foreign exchange challenges, regulatory and statutory difficulties but have been able to overcome them because of having highly competent, educated, and experienced people at the grassroots level who have left no stone unturned in ensuring that they reach their respective objectives.

Leadership Principles & Suggestions

Leadership is all about having a clear vision & getting yourself and your team to believe in it. It needs a lot of persistence multifaceted knowledge in various domains. It is also important to look at the bigger picture whilst not losing your attention to finer detail.

Sinhue Noronha’s advice to young entrepreneurs is, “Start small, with a larger vision in mind, build the business brick by brick, being on top of things, being aware of what’s happening in the company & in the market, taking constant corrective action leading to constant re-strategizing. Create something unique and scarce, solve a persistent problem. If you are not flexible, someone will replace you sooner rather later.”

From the CEO’s Desk

While sharing about his Biggest Failure in Professional Life & Learning from it, Mr. Sinhue Noronha said, “In 1990, my personal business in the pharmaceutical sector went into a tailspin because of a backward integration program that backfired due to non-corporation and very slimy behavior of the targeted company’s bankers. These bankers on some guise or another swallowed up a lot of my investment and left me and the company in a very precarious condition.”

He continued, “From this experience, I have learned to be a lot more careful when trusting people and in a difficult situation to stick to one’s own core competency. Attributes like tenacity, determination, and commitment towards a goal are inbuilt and it was all this that helped me not only turn around my business but also buy out my investors and own 100% of equity. I have along the way learned to make better-informed decisions and not to lose faith that people with focus and commitment will always succeed”

“Vision” in Life & Noronha’s Definition of Success

When Mr. Sinhue Noronha was very young, he was constantly driven by the need for a better quality of life and wanted to climb the ladder of success at the earliest.

Hence all that he did was focused on this objective. Today at the age of 62 he is driven by the vigor of giving back to society whatever best he can for which he has been working on some personal project. He would be most happy if he can make a difference in somebody’s life.

Sub-Saharan Africa has a population of approximately 750 million people and in the last 4 years, we have produced and sold over 4 billion units of tablets/ capsules which is indicative of our commitment and dedication to the people of Africa. Seeing a smile on a previously sick but recovering African is what success looks like for me and my company

Future Outlook

“The opportunities to grow are unlimited. I sincerely believe that every country in Sub-Saharan Africa has the capability to house a manufacturing facility, on the road to self-sufficiency. The situation that we faced during COVID times had woken up many governments & has reemphasized the need to start building their own manufacturing capabilities & Africure is here to support them in as many ways as it could”, Mr Norhnha proudly shared.

“We continue to look at putting up a new plant every two years and managing plants that are struggling and to turn them into success stories. It will be no surprise if Africure has a basket of 10 plants in the next five years. This would also ensure we meet our commitment to the society at large, by providing technology, employment, healthcare affordability & a better standard of living for the people of Africa,” he further added.

Rajesh Ahuja: A Thorough Professional, Creating History in Electrical & Mechanical Projects with his Venture, The Dependable Group of Companies

The Dependable Group of Companies, incorporated in August 2002, has been flourishing and achieving new milestones under the hegemony of Rajesh “Raj” Ahuja a visionary leader, a business expert, and a multitasking personality. Raj holds a bachelor’s degree in mechanical engineering, and began his career with Kempinski Hotels in Dubai and Sheraton Hotels in New Delhi in the engineering, operation and project management departments before immigrating to Canada in 2001.

From the outset, Raj had a strategy for success by waiting for the right opportunity to appear when a small mechanical contracting firm hired him. Raj joined the company as a project coordinator, and in just a few months, he was primarily running all its departments, including estimating, accounting, and project management. The experience of fulfilling numerous roles and working 14 hours per day allowed him to develop the knowledge and expertise of running a contracting business and inspired him to found Dependable Mechanical Systems Inc. (“DMS”).

Soon, the visionary realized that to continue growing professionally, he needed to join a more prominent firm and headed a large electrical and mechanical project for the Department of National Defence. Due to some project funding issues from the Federal Government, this extensive project stalled for a few months in mid-2005. As a result, Raj seized the opportunity to venture out on his own to do contracting work.

Having developed significant contacts in the construction industry, Raj generated revenue of over $1.5M in the first year on his own. Since then, DMS’ revenue has grown exponentially, year after year, and it has been included in Profit Magazine’s list of the fastest-growing firms in Canada for seven consecutive years. DMS’ growth was not limited to revenue but also included an increase in the number of employees, projects’ size, and in the sophistication of the resources and technological infrastructure. Present-day, DMS operates as the Dependable Group of Companies and has several divisions including mechanical, electrical, HVAC, fabrication, residential low, and high-rise and has more than 250 employees.

“Building a business from scratch makes you stronger and more resilient each day. As the company has grown over the years, I have been consistently reinventing myself. The challenges associated with significant corporate growth make me more resilient and tolerant of risk. I actively seek new opportunities while capitalizing on the strengths and expertise that I have developed over the years” – Rajesh Ahuja

The Dependable Team

Raj said that his greatest accomplishment has been developing a team that is second to none. Dependable employees are its most significant asset. The Dependable team can make any complex situation, task, or project easy to execute and can complete it on time and within budget. Many of the employees have been with Dependable for a long time and have developed the brand Dependable in a very real sense.

The “Secret Sauce”

“Building on my strengths and working hard to minimize my weaknesses is a great recipe for success!” – Rajesh Ahuja

Trying to stay ahead of the game vis-a-vis the competition has provided Dependable with a competitive edge. Dependable has developed its own custom technologies to build its infrastructure at every step, which has allowed Dependable to become an industry leader. Dependable is proactive in both its horizontal and vertical integration and actively diversifies its offerings to minimize the risk to its overall operations.

Learning from a Major Business Failure

As the business grew, Raj could not assess the inherent risk in expansion and, as a result, he overstretched the resources at his disposal. As well, a few years back, Dependable became embroiled in litigation on a few projects, which was unforeseen. This litigation resulted in losses on projects that were expected to be quite profitable. It took a toll on the growth of the business and caused him to re-evaluate the overall business development strategy. Fortunately, the resilience built over the years allowed Dependable to overcome these unforeseen challenges. The experience also helped Dependable foster a very stringent risk mitigation method, which is integral to the continued success of Dependable.

Forthcoming Ideas & Future Roadmap

As a leader, it is essential to guide and motivate the Dependable team continually. Dependable is now pursuing the highest safety and quality accreditations to secure projects on a global basis. Dependable is currently developing a national procurement and resource management strategy that will allow it to continue expanding its business operations.

Dependable is poised for significant expansion to Western Canada and south of the border into the United States. Dependable is involved in several prestigious infrastructure and many high-rise development projects throughout Ontario. It has a solid pipeline of work for the next 3-4 years with large-scale projects throughout the Province.

From the Founder’s Desk

“Over the years, I have realized that building a team is only possible when you distribute responsibility, accountability, and empowerment to others. I have created the business with an open and collaborative style where each team member can express their views and offer their ideas freely. This culture of collaboration and employee involvement at every level has been integral to the success of Dependable”, shared Raj while talking about his leadership style.

“Success to me is when our clients, employees, and business partners provide positive feedback about their dealings with Dependable. This recognition of what our team has built over the years fills me with a great sense of pride and is incredibly rewarding”, he further said.

“Vision” in Life

Rajesh is striving hard to build the Dependable brand nationally, with the ultimate goal of establishing a global identity. He also plans to enter the energy storage sector in the coming years. Dependable is building international alliances to secure projects globally

A Leader’s Main Characteristic

Every leader should have the courage and conviction to make tough decisions when facing challenges and develop strategies to manage and mitigate the associated risk. Being afraid of failure is the biggest weakness a leader can possess.

The Best Advice Received

In the quest for achieving greater heights, one should not forget to enjoy and celebrate the small day-to-day achievements of the kids and the family that provide the feeling of personal fulfillment whilst making giant leaps on the professional front.

James Michael Lafferty: A Transformational Leader, Reshaping the Wellness Industry with Fine Hygienic Holding

Bagging thirty-seven years of a promising and rewarding career, the industry stalwart James Michael Lafferty needs no formal introduction as he is termed as a phenomenon in the corporate world. He is renowned for his inspiring story of starting as a fitness trainer in the Procter & Gamble Company in 1984 and progressing through marketing to become a division CEO for P&G, Coca-Cola, and British American Tobacco.

Lafferty’s journey with Fine Hygiene Holding (FHH) has been quite remarkable and can be noted to encompass immense hard work, dedication, positive aggression, and focused leadership. Lafferty joined Fine Hygiene Holding (FHH) in 2015 as a board member then he quickly got immersed in the business and fell in love with the brand and Fine’s rich history and strong sense of purpose, and just 3 years later in 2018, he was offered the position of CEO which James Michael Lafferty was thrilled to take on and that naturally deepened his involvement in a unique and value-driven company.

THE GLOBAL LEADER IN WELLNESS

As a global leader in wellness and the MENA region’s top manufacturer of hygienic paper products, FHH offers a truly diversified array of products. While the initial offering was centered on producing hygienic paper products – including facial tissues, napkins, paper towels, toilet paper, baby diapers, adult briefs, and jumbo rolls – they rapidly expanded their offering in recent years, diving deeper into the broader category of wellness. This includes investments in a diverse range of health supplements and wellness products; for example, FHH acquired a majority stake in Nai Arabia Food Company, a producer of healthy, sugar-free, and natural iced teas.

They also recently launched Motiva, a line of natural and clinically tested supplements. This includes the Motiva Neuro Booster, a supplement that improves brain health and cognitive functions of patients with Alzheimer’s, as well as the Motiva Immuno Booster, a powerful anti-inflammatory that improves immune functions and helps elevate one’s mood, metabolism, and even hair and skin health.

Additionally, as an indirect and immediate response to the COVID-19 pandemic, FHH now produces an innovative line of personal protective equipment (PPE) and long-term germ protection solutions under the Fine Guard brand. This ever-growing lineup includes antiviral masks, gloves, sanitizers, and other potentially life-saving products.

FHH also offers out-of-home hygienic solutions, including Fine Disinfection Solutions, a service that helps businesses and entities across the UAE, Saudi Arabia, Jordan, and Egypt address the challenges of the ongoing pandemic. The company is actively looking for ways to tailor the B2B services in ways that meet industry- and sector-specific needs.

“In the coming years, our focus is on taking a more holistic approach to wellness, which includes expanding into new wellness verticals. Of course, this growth can only be achieved by maintaining our steadfast focus on innovation-not only in terms of our products and services but also in terms of our operations and how we serve our customers”, shared Lafferty.

He continued, “Our IPO journey is also well underway, which is a very new and exciting step for us, and we expect to be publicly listed on the London Stock Exchange in the next couple of years.”

HICCUPS ON THE WAY

According to Lafferty, if pressure is well-managed and prepared for, it can serve as a motivating factor: it keeps him challenged and gives him a sense of urgency to accomplish more. He thrives on tackling obstacles as long as he keeps a positive mindset in place, it is also crucial to maintain a certain level of realistic optimism in a fast-paced and demanding environment, for both yourself and the people you manage.

He further said, “I believe that preparing for challenges stems from being strategic and organized; having a clear game-plan and vision of what you want to accomplish. It also helps to be honest with yourself and your team about what needs to change and to take ample time and calculated steps to execute that.”

JAMES’S “SECRET SAUCE

Lafferty thinks it’s important to constantly reinvent yourself; never get too comfortable and complacent just because matters are running smoothly. Complacency tends to obliterate any sense of creativity or innovation. Adopt an ‘always learning’ approach to life where you are constantly curious and hungry to expand your skill set, knowledge, networks, and possibilities. Leaders must constantly engage with their staff and keep them motivated in real and human ways.

He also believes that listening is crucial for leaders to excel because it gives perspective and breeds respect between people. It is always advisable to remain calm and collected, to be resolute in your decisions, and to never lose focus even when faced with the most difficult of problems.

THE CORNERSTONES OF SUCCESS

Hard work and persistence are the cornerstones of success. The expectation of having success fall into your lap is largely unrealistic, you must seek opportunity and work hard on your goals in order to breed success. Recognizing and seizing opportunities are skills that improve and develop after many attempts studded with trial and error.

Humility is another crucial characteristic for future leaders, checking your ego at the door is the first step you should take. You also must be a good listener and learn all that you can from everyone you interact with. That is why surrounding yourself with people from all walks of life is important, the more diverse your surrounding is the more variety of perspectives you’re exposed to which results in enhancing your capabilities in various areas.

FROM THE CEO’S DESK

While talking about his leadership style Lafferty apprised, “Coming from an athletic background, I believe strongly in the importance of teamwork; in a way, I approach corporate leadership in the same manner that I would coach a sports team. My goal is to get everyone working together and to keep us aligned toward a unified, collective long-term vision. As a leader, that means working to inspire, motivate, and empower others. It’s about helping people find their strengths, cultivating their passions, and ensuring that we’re all aligned and in sync.”

“The first time I applied for P&G’s brand management program, I was rejected. But instead of letting that rejection defeat me, I let it motivate me to work harder: I contacted the company’s HR department and insisted that they’d made a mistake. My persistence ended up paying off: by showing them my commitment to learning and growing, they eventually chose to accept me into the program. It’s only a failure if you give up: real champions will always persevere through challenges and setbacks”, Lafferty proudly shared when asked about his failures and learning from them.

 

Mario Schraepen: First Mobility platform for the Automotive Industry in Path-Breaking Journey

Incorporated in 2019, LinkedCar Company is a brainchild endeavor by Founder and CEO Mario Schraepen, an Innovative Entrepreneur & Salesforce fanatic, focused on introducing innovation in the automobile industry

Mario Schraepen, a customer-dedicated and enthusiastic business manager with 15 years CRM experience in multiple European organizations and in different industries, is often described as a successful and versatile leader. He is passionate about providing insights to clients and is an avid follower of the latest tech trends and techniques. During his 27 years professional journey, Mario Schraepen has held multiple positions at various organizations.

Mario Schraepen is a visionary business leader with self-belief, a positive mindset, a how to make things work attitude, an admirable work ethic. For him, the definition of success is having a self-sufficient team that makes his role redundant and financial freedom. Presently, his vision has meant something, for his employees and for the whole world. He wants to leave a legacy, a movement…

The Inception Story

Like most ideas, the one for LinkedCar started with frustration. Once, Mario Schraepen was driving his lease car and couldn’t remember whether he had winter tires in his contract. He wondered “Why isn’t there ‘one’ centralized app that bundles all information from his car, insurance, maintenance, etc.” And from that idea, LinkedCar was born.

Diversifying the Organization’s Offerings

LinkedCar’s main USP comes from who owns the data and the possibilities that are given to use that data. Their vision is to give the data back to the driver and let them decide which data they want to share and with whom. This motivates the consumer and enables ALL ecosystem partners (insurance, car dealers, fuel card companies, leasing, fleet, etc.) to create new business and financial models, innovations and increased customer loyalty, finally making both them and the consumer win.

The Challenges & Accomplishments

You don’t start a company if there’s no challenge. No challenge in business means no reason for existence. And those who think they have the situation under control are not entrepreneurs. Of course, you need to control the uncertainties related to the challenge, not the challenge itself. When you think you have everything under control, there must be something wrong! Try to be flexible, try to give confidence, by setting the playing field and letting everyone think along. You need the challenge to be successful.

Mario’s start-up was in the wrong sector at the wrong time. He learned what resilience really means in times of Corona- the automotive industry took a great hit during the pandemic. For Linked Car, this made the signed contracts disappear right in front of them. But instead of giving up, they have reinvented themselves! They worked on their story and found partners like KdG University who could take their solution to the next level. Looking back on this difficult time it not only made the team stronger,COVID-19 also pointed to many shortcomings in the systems currently used in mobility. This once again emphasized the need for an innovation like LinkedCar.

Unique Leadership Principles
  • Complexity is the killer of creativity. Try to simplify as many things as possible.
  • Give freedom to your team. People need the freedom to do their job and to grow.
  • Quality is of the highest importance. A good idea is what gets you noticed but the quality is what builds your reputation.
  • Give room for mistakes. Nobody is perfect and everybody can grow. Allowing mistakes to happen and seeing them as opportunities to learn is what makes a team stronger.
The Biggest Professional Failures & Learnings

When asked about his biggest professional failures, Mario Schraepen shared, “There was a time when I would fix the mistakes my team made instead of letting them learn from them. Over time the quality they delivered went down because they knew I would correct anything anyway. I learned that giving responsibility also means letting people take responsibility for their mistakes. Many people want to learn, you just need to let them.”

“Hire for passion! The start-up world is very different from the corporate world. Not everyone is made to work in a start-up. Some people need defined roles and processes, and that’s okay. But don’t assume everybody is right for a start-up. Experience in a big fancy corporate environment isn’t always the best choice for your first hires”, he further added.

New Ideas in the Pipeline

Mario is in favor of employee shares, unfortunately, they live in a country (Belgium) that makes it fiscally impossible to achieve this today. Yet he continues to believe that this is the ideal way to make employees feel involved. It becomes their business, and if their hard work makes it successful, they should be rewarded for it too.

Mario’s Leadership Style & Skills

Mario Schraepen comes out with the wildest ideas, he is brutally honest, but at the same time makes sure there is a pleasant group spirit. He gives people opportunities and trust, but they have to prove themselves. They also blame him for working way too much and for working on too many projects at once. He calls those challenges.

The Primary Characteristic of a Leader

Listening! Many people can talk, but only a few can truly listen. Listen to your team’s goals, their passions, and their concerns. Often people leave organizations not because they don’t like the job, but because they are not heard. If somebody leaves your company and you didn’t see it coming, you weren’t listening.

ENVISIONING THE FUTURE

Mario and his team aim to connect the entire mobility ecosystem and become the “Robin Hood” for mobility data!

LinkedCar’s smart IoT device, which can read vehicle data in real-time, will hit the market early next year, enabling any vehicle to be connected. Not only cars but also e-bikes, scooters, motors, etc. This makes it possible for every consumer to offer his vehicle data to other parties (e.g., insurance for cheaper policies)

Linked Car will roll out this device worldwide and guarantee the democratization of vehicle data.

The Best Advice Recently Received

“This is never going to work! That sentence drives me crazy, but it does encourage me to keep going. It gives me the energy to make my product better and my story clearer.” – Mario Schraepen

 

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