SG50 SME Hero – Samuel Goh
Samuel Goh, Founder of Baby’s Hyperstore, shares with us why he is The Ultimate Protector.
About the business:
Baby’s Hyperstore started out as a wholesaler of baby prams, stollers and car seats in 2002. It has since grown and currently holds the sole distributorship for premium baby baby brands such as Maxi-cosi, Quinny, Peg-Perego and Maclaren in Southeast Asia and China. The company has expanded out of Singapore and into China and launched its own line of “Umee” baby bottles which are BPA free.
I am THE ULTIMATE PROTECTOR because…
I am very cautious and disciplined. When I was doing business in China, I learnt to be very careful and knew my limits. I tried not to be overly ambitious
The most heroic thing I have ever done is….
Introducing BPA-free products to China in 2005. Back then, there was low awareness about the harmful effects of BPA. Through marketing, I improved product knowledge to my buyers through campaigns. Today, our BPA-free products are amongst our best sellers in China!
My best superhero trait is…
Flexibility. When our key European partners pulled out of the business, I had to react quickly and brainstorm for new avenues to protect and sustain the business.
My superhero costume will be…
Flexible with ever-changing powers to appeal to the people I’m talking to.
I think protection is very important to a business because…
The Chinese believe that ‘starting a business is easy, but sustaining it is hard’. For your business to succeed, you must protect business interests and that includes prioritizing your well-being and people who work for you.
The DBS SME Bank facility that have helped my business is…
Introducing me to the Universal Life Insurance Policy. I am convinced that my family, my business and my team must be taken care of in the event that I am not around. It is especially important to be insured as I travel frequently to take care of my businesses in China and Southeast Asia. Taking up the Universal Life Insurance gives me a peace of mind to know that my business needs are taken care of.
I am a SME Hero today only because…
I feel assured that DBS is supportive of me and that my business assets are protected. DBS understands my business very well and makes it a point to have a close knitted relationship. They have been very responsive to my needs and the same people have been servicing my accounts for a long time!
My advice to aspiring SME Heroes is…
Don’t be afraid to fail. We will learn our mistakes and not repeat them. Once you have experienced failure, there is nothing left to fear.
Read more about other SG50 SME Heroes
SG50 SME Hero – Damien Koh
Damien Koh, Co-founder of Joe & Dough, shares with us why he is The Power Grower.
SG50 SME Hero – Hoon Thing Leong
Hoon Thing Leong, Owner of Kim San Leng Coffee shops, shares with us why he is The Incredible Cost Cutter.
SG50 SME Hero – Jamie Lim
Jamie Lim, 2nd Generation owner of ScanTeak, shares with us why she is The Marvel Vision.
SG50 SME Hero – Viola Tan
Viola Tan, Co-founder of Love, Bonito, shares with us why she is The Super Savvy.
Was this information useful?
Subscribe to DBS BusinessClass
Stay updated with the latest market trends and industry insights, connect with a network of entrepreneurs, and gain access to exclusive event invitations. Join Asia's fastest growing business community – get your complimentary membership here.