Showing posts with label entrepreneurs. Show all posts
Showing posts with label entrepreneurs. Show all posts

Wednesday, April 29, 2009

Last Letters

NEW BUSINESS

One man is helping others say that final farewell

Loh Chee Kong, cheekong@mediacorp.com.sg

DRIVEN to desperation by the Asian financial crisis, Mr H Y Teo faced the prospect of losing his home right after his IT business went bust — had his parents and siblings not helped him repay his mounting bank loans.

He recalled: "I wanted to tell them how much I appreciate and love them but I didn't know how to say it."

So, he wrote them heartfelt letters, and it struck him then that there must be many others like him, "who had something to tell their families but they didn't have the opportunity, or the time was not right, they were not ready, or they were too embarrassed".

Eleven years on — and facing another recession — Mr Teo, a part-time IT consultant, has turned that realisation into a business: The idea is to get people to pen their last words in advance, leave them in the hands of a total stranger who would deliver the letter to the intended recipients — wherever they are — for a modest sum of $39.90 (until June, when Mr Teo will review the pricing strategy).

Lastletters.com.sg has, since its launch in January, attracted an average of 60 to 100 visitors a day from around the world (mainly from Americans and Australians, with Asians making up less than 10 per cent).

According to the website, the company would contact the client once a year for the first two years upon receipt of the letter — and once every six months thereafter.

Should such attempts fail to contact the client, the letter would be delivered to the recipients.

Unconvinced? Apparently, some 400 or so people out there beg to differ. They have been interested enough to contact Mr Teo to ask for more details — on top of pouring their sorrows over marital problems or complaining about the neighbours.

"There was this Australian who said he wanted me to pass a letter to his neighbour when he dies. He wanted to tell his neighbour to be nicer to the next guy who moves in, and make sure his dog doesn't bark so loudly," Mr Teo recalled.

A common refrain among the enquiries was while they liked the idea of penning so-called "last letters", they were unsure how to do it. Apart from letters — which have to weigh less than 100 grammes — Mr Teo also offers to safekeep and subsequently deliver personal artefacts to intended recipients. A 75-year-old Briton has already asked Mr Teo if he could help him pass a grandfather clock to his son after he dies.

Mr Teo has yet to close any deals but he is optimistic — so much so that he is planning to retire in two years and concentrate on building up what his friends have disapprovingly described as a "black business".

Some friends have argued that people contemplating suicide can now count on Mr Teo to deliver their last words.

But Mr Teo is adamant he is doing more good than harm.

Said Mr Teo: "If people want to take their own lives, nobody can stop them." What his business intends to do is to give people the peace of mind to "go anywhere they want, and take on any jobs they want".

And he was convinced he would be making the world a "better place"— even if people do not buy his idea, which was exactly what some have told him via email.

Said Mr Teo: "They said they were not going to be my customers. They said something like, 'I'm going to spend more time with my loved ones because I realised that I neglected them a lot. I'm now going to speak to them a lot more.'"

Mr Teo continued: "My tears rolled down after I read these — not because I'm sad that I'm not getting business. I think I have done some good to educate people out there."

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There was this Australian who said he wanted me to pass a letter to his neighbour when he dies. He wanted to tell his neighbour to be nicer to the next guy who moves in, and make sure his dog doesn't bark so loudly.

Mr H Y Teo, www.lastletters.com.sg

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Never mind the moral lessons, the business concept certainly has moneymaking potential. Mr Teo has already received a handful of propositions from major technology corporations, which were sounding him out for a joint venture. One even said it might consider acquiring his business.

"I won't sell my business for whatever amount they can offer... at least not in the near future. I want to see it grow," Mr Teo insisted.

And yes, those letters he had written in 1998 are still with him — lovingly preserved in air-tight plastic bags and locked away in a safe. "My wife and children know what to do with them should anything happen to me," he added.

WEEKENDXTRA

From TODAY, World – Weekend, 25/56-April-2009

Tuesday, April 28, 2009

Giving new life to old wood

D-BODHI

Tan Hui Leng
huileng@mediacorp.com.sg

WHEN Ms Anita Sam (picture) started importing eco-friendly furniture five years ago, customers snapped up pieces based on their design and craftsmanship. Today, consumers consider the environmental sustainability of the furniture's raw materials first, and design second.

"I think Singaporeans have reached a level of maturity where they love good design and quality, but they also want to be socially responsible," said the Singapore Permanent Resident and furniture industry veteran.

"It's the 'feel-good' factor… not only does the furniture look good, it is also good for the environment."

Last Friday's official opening of the flagship d-Bodhi concept store, which Ms Sam said saw "very substantial sales", is testimony to her passion for environmental sustainability. In fact, sales at the eco-friendly furniture business have grown almost 10-fold from 2004 when it would ship out two containers a month to the 18 to 20 containers monthly now. The company aims to expand its monthly exports to some 30 containers this year and 50 next year.

d-Bodhi is one of a few reclaimed wood industry players in Singapore. The furniture range was started in 2002 by Dutch national Raymond Davids, a partner of the company. It recently set up a 3,200-square-foot flagship store at Alexandra Industrial Estate here and hopes to have 200 d-Bodhi shops worldwide by 2015.

d-Bodhi uses reclaimed teak from Indonesia, with pieces salvaged from buildings and railway sleepers and can be up to 100 years old.

"Reclaimed wood poses other challenges, such as the tedious collection of wood," said d-Bodhi's co-owner and director Ms Sam. A team of 700 in Indonesia is involved in the business — from sussing out buildings for sale to collection of wood.

Unlike buying new wood by volume, reclaimed wood comes in all shapes and sizes. It has to be processed more arduously, as items like nails, nuts and bolts and screws have to be removed before they can be stripped down. The planks then have to be sorted according to the type of furniture they are more suited to be in their next lifetime.

However, such teak has a special quality which Ms Sam and other aficionados love for the character its grain, natural finish and age lend.

The d-Bodhi line is marketed as a premium brand, with prices starting at $300 for chairs and over $3,000 for bedroom sets. d-Bodhi also distributes to 13 countries globally and aims to sell in 25 countries by next year.

It has been successful in getting the United States-based Forest Stewardship Council to start a new certification category, that is, "100 per cent recycled wood" for such furniture, different from new wood sourced from sustainable plantations.

"For many of our customers, it's a conscious decision to buy from us rather than from other shops," said Ms Sam.

"Some of them also tell me frankly that they entertain friends and business associates who are environmentally friendly."

That d-Bodhi's furniture come with an international "green" certification is the icing on the cake. The company has extended the eco-friendly aspect of the business to reuse sawdust generated during the furniture making process as they are pressed with a resin to be made into home accessories like tealight holders, coasters and table lamps.

Looking ahead, d-Bodhi is open to using other types of reclaimed wood. It is also looking into working with more Singapore designers through Spring Singapore.

From TODAY, Enterprise – Wednesday, 22-April-2009