Who is Hongchuan Huang?
A: My name is Hongchuan Huang. I am the founder and CEO of SupSing Education (SupSing.co). This year I became one of the youngest nominees of the Forbes “30 Under 30 China 2017” list in the field of social entrepreneurship and education. Founded in late 2013, SupSing Education started with focuses on business education and career coaching for middle school students in China mainland. Today, it has grown into a comprehensive education solution provider with wider service categories including business competitions, campus tours, and also support for primary school-aged children and their families.
What inspired or motivated you to start your business venture?
A: I am a native Chaoshanese born in Guangzhou. Chaoshan people are famous for the talents of running their own businesses, and I guess that I inherited the genes of my ancestors in that way. When I was in middle school, I had already learned to make money by running small businesses, such as selling campus souvenirs, stamps and mobile phones online or at school.
Failing an accounting exam in my freshman year during my college study in Hong Kong made me realize that there is a lack of financial and business education in the secondary education in mainland China. Then I initiated the idea of popularizing business education among middle school students in mainland China to help them better prepare for college studies and future career. That is when I first decided to start my own education company and the first business education brand of SupSing Education.
A: I am grateful that .CO provides me with such an excellent platform to spread the positive energy of entrepreneurship. Although I am not experienced enough to be a role model, I still hope that my story could inspire more young entrepreneurs. I hope that more ambitious young people will join the startup community, and make our world a better place with their brilliant ideas.
What are you most proud of in your startup journey?
A: Being nominated as one of the candidates of the Forbes “30 Under 30 China 2017” list is the thing that made me feel most proud ever since I began my startup journey. The nomination is a little unexpected but also makes sense considering all my efforts during these years. Although education is not a lucrative or glamorous business compared to finance or high-tech, I do feel that I have helped more people find their future direction and realize their value, which makes me feel proud as well.
What was your biggest challenge as an entrepreneur? How did you overcome it? What was the lesson learned?
A: It was a big blow for me when some of our founding members decided to quit due to some disagreements within our team in late 2014. The incident makes me realize that the bigger a company grows, the higher the turnover rate will be, which is unavoidable. Then I started to adjust my mindset and rebuild the company’s human resources structure. Finally, SupSing Education stepped back on track after some time. Additionally, we also went through a hard time doing our initial brand promotion at the very early stage of the company, and third-party endorsement became especially significant during that period.
Do you have any advice for someone thinking about starting their own business?
A: I think there are three keywords that young entrepreneurs need to follow to achieve success. The first one is perseverance, because many entrepreneurs have a promising start but finally fail as they cannot stick to their business during hard times. The second is focus, which means you need to select and then stick to a specific concentration when running your own business. Be focused and then be a master. The last keyword I would like to highlight is optimism, since there will be all kinds of difficulties hindering your success along the way. The more faith you have in yourself, the more you will gain during the startup journey.