What does it take to start and run a company as a solo-founder? A lot of guts, determination, and an unshakable belief in your vision.
This was among the lessons we learnt speaking with Vernice Yap, who started Lovenn, a platform that helps people form more meaningful connections in the real-world – while reducing the pitfalls of the more pervasive dating apps in the market, such as being bogged down in the time (and money) consuming cycle of swipe-connect-chat, without actually getting anywhere.
As a solo-founder, Vernice heads product development, marketing, and even successfully raised seed funding under Enterprise Singapore’s Startup SG. We asked her 5 questions to shed light on how she does what she does, and what aspiring and existing entrepreneurs can learn from her.
5 Things That Are Always In Your Daily Routine
- First thing in the morning, I write the to-do list for the day
- Sync up with the team on our goals both the start and end of the day
- Have dinner while watching Channel 8’s 6.30pm news together with my mum
- Follow a YouTube workout video – to save money on gym membership!
- Cuddle with my fur-son
4 Tools/Apps You Cannot Live Without
Trello: Great tool for planning our team’s objectives and key results
Slack: We use it for team communications and co-ordination.
Zoom: For the obvious virtual work calls
Google Drive (along with Google Docs/Sheets/Slides): Being able to edit the same document at the same time even when we’re physically apart is indispensable in today’s remote-first world. It’s also so easy to work anytime anywhere on the phone with these apps.
3 Books That Had The Biggest Impact On You
Balls Inc by Val Yap. She talks about the issues she faced as a solo woman founder, the chicken-and-egg problem of raising funds and having a team, amongst many other useful entrepreneurial tips.
The Founder’s Dilemmas: Anticipating and Avoiding the Pitfalls That Can Sink a Startup by Noam T. Wasserman. These are downplayed in the excitement of starting up a new business venture but are some of the most important decisions entrepreneurs will face.
7 Habits of Highly Effective People by Stephen Covey. Published 21 years ago, the advice is still incredibly relevant now. Habit #2, Begin with the End in Mind. How do you want to be remembered? Habit #5, Seek First to Understand, Then to Be Understood.
2 Role-Models You Look Up To – And Why
Sheryl Sandberg: She’s a Wonder Woman. As COO at Facebook since 2008, she led the social media company from a $56 million loss to $22.1 billion in profits in 2018.
Tin Pei Ling: I have a lot of respect for Ms Tin who is a mother, politician and businesswoman. Despite a rough start in 2011, she has won the hearts of citizens through her sheer amount of dedication towards helping residents.
1 Piece Of Advice For Budding Entrepreneurs
I’m still a budding entrepreneur myself of course but I strongly believe in being driven by purposes that stand for larger than yourself.Vernice Yap, Founder & CEO, Lovenn
Give Love A Chance By Giving Lovenn A Try
At the time of writing, Lovenn is running a Kickstarter campaign to reward early-adopters, as well as help build a community of like-minded users. Backers who pledge $9 can receive $59 worth of app credits and stand a chance to win $1,000 cash prize. The campaign will be live till 1 December 2020.
Digital Dashboard For Your Business
Enjoy greater productivity with your business through the OCBC Digital Business Dashboard, a smart business dashboard that allows you to see all the key information you need for your business in one place. This dashboard is available for free for all OCBC business account holders. Read our review of the OCBC Digital Dashboard has helped us.
Join The DollarsAndSense Business Community
For more content that helps entrepreneurs, freelancers, and self-employed individuals and learn to build better businesses, join the DollarsAndSense Business Community on Facebook.