However, during the integration process, when foreign enterprises participate in the domestic market, startups will find it difficult to compete. Since foreign enterprises already have time to develop, a wide network of relationships, partners, and strong resources; domestic enterprises will gradually lose market share.
So, what is the solution for young startups today to be able to compete and develop?
After 13 years of founding and managing Intech Group (Vietnam Engineering and Industry Corporation Joint Stock Company), known as an inspiring entrepreneur for young startups, entrepreneur Hoang Huu Thang believes that the thing that every entrepreneur and young startup needs to believe in is the value of learning.
It takes a real learning spirit in order to gain real knowledge and then to do real things, to give away real values in each product and service with all your heart and in the spirit of service to be successful.
The most important thing for a young startup
Youth is always associated with creativity, daring to think, daring to do, and constantly learning to turn dreams into reality. But you need to know who you are, where you are in this vast world, and the extent of your abilities. Only then can you strive to learn and persevere without giving up. Perseverance and determination are the keys to any victory, whether in starting a business or in other areas.
Constantly striving to renew thinking, awareness, and continuously innovating in business management and operations, as well as production and business, not only creates many products and services with high competitiveness but is also a premise for building brands that reach regional and international levels. To do this, right from the start, young people need to seize and take advantage of opportunities to develop specific strategies, clear goals for their businesses, improve the quality of human resources to meet the set goals and catch up with the rapid pace of change in the industrial revolution 4.0.
On his entrepreneurial journey, Entrepreneur Hoang Huu Thang has also learned many valuable lessons. He shared, “I always want to bring the knowledge, experience, and lessons learned during my 13 years of starting a business to the startup community – the future generation of young entrepreneurs. I want to connect to transfer wisdom between generations of entrepreneurs to create more products and values for society in the new trend of the economy and create more successful businesses to contribute to the construction and development of the country increasingly prosperous”.
Supporting young startups is also helping and bringing value to society
Helping and supporting young people in startups according to entrepreneur Hoang Huu Thang is also a work that benefits society. Investing in and supporting the next generation is a journey of connecting generations of entrepreneurs – leaders – young startups. The generation gap is something that many people consider a barrier to supporting each other. But entrepreneur Hoang Huu Thang said that there will be no barriers when we change our perspective from conflict to mutual compensation between generations: the previous generation can see the younger generation as dynamic, creative people instead of impatient, shallow people and vice versa, instead of seeing those who go before them as old fogies, why not look at them from the perspective of their wealth of experience and life lessons. Generations, whether 5x, 6x, or Gen Z, can all sit together, complement each other, and share human values. Instead of fumbling between old standards and new standards, why can’t we find a common standard among generations?
In addition to offline support at training sessions, entrepreneur Hoang Huu Thang also shares his knowledge, experience, and practical lessons very deeply and intimately on digital platforms such as Youtube, Website, Facebook to provide more value to young people and startups.
According to Mr. Hoang Huu Thang, “Starting a business is never easy, but there is always a way”.
Youtube
Happiness is helping those around you succeed and be happy
In the process of starting a business until now, entrepreneur Hoang Huu Thang’s thinking and ideology have also changed. He wants to do something for society, for the country. From there, he formed the mission of Intech Group “Creating the Future” to create a more prosperous and happier life for employees. The thing he currently wants to aim for is to create and develop new technologies and techniques to serve people and society, thereby affirming Vietnamese people and Vietnamese intelligence.
Entrepreneur Hoang Huu Thang also shared: “To me, the most important thing for each person is to find joy, meaning, and purpose in life, to find their own values and joy in the cycle of life and work. The previous generation of entrepreneurs often just threw themselves into work, with little time for themselves and their families. But now, those mindsets and ways of life are changing a lot, especially for young entrepreneurs.
The most important thing is to balance and harmonize the goals in life”
