One More Scoop with Steve Sy

Steve Sy is the Founder and CEO of Great Deals E-Commerce, an end-to-end Philippine e-commerce enabler that helps global and local brands sell and grow online.

How did faith change his perspective on money? How did he redefine success after making his first million? How have his faith and family affected his life and career decisions?

Topics: 

[00:02:36] - How Steve earned his first peso

[00:06:28] - The influence by their parents to do business at an early stage

[00:09:20] - Getting involved with the business

[00:14:17] - Balancing studies and hitting the goal

[00:17:55] - Steve aka The Divisoria Guy

[00:20:37] - Life is more than just making money

[00:22:51] - A very traumatic experience

[00:24:13] - Change of faith and choosing their own paths

[00:27:28] - Money is a fuel for your dreams

[00:29:09] - Having debt at 28 years old

[00:32:04] - Faced adversity and ecommerce as a blessing

[00:33:47] - Paying taxes led to his company being investable.

[00:37:29] - Venturing into ecommerce industry

[00:39:05] - Trying Lazada’s new business model

[00:41:18] - From offline stores and concentrating online

[00:42:20] - Setting up Great Deals

[00:45:14] - Becoming the number one fashion brand in the Lazada platform and getting noticed by bigger brands

[00:47:15] - The principle of building capabilities

[00:51:34] - 50, 000 orders and a whole lot of problem

[00:53:33] - Surpassing challenging times

[00:56:16] - The angel investor

[00:58:16] - Seed investment

[01:00:16] - From 1.1 billion to 4.4 billion revenue

[01:01:35] - The difficult parts of building a business

[01:02:48] - Making mistakes and acknowledging it

[01:04:02] - Success is nothing if you don't have success in the family

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