| Ng
Whye Hoe
|
| |
"When
you want to do a business, you've got to do it in a big way,"
|
Animals' Best Friend
"...
if you have that
fire down the gut,
... then you just
have to go for it!" |
For many people, success comes in many disguises.
Often, It masks itself in chance. Occasionally, success arrives
through sheer hard work, and sometimes it rises from the ashes of
despair. Ng Whye Hoe is all too familiar with the last rendition.
The beginning of his story is not unlike that of
most self-made businessmen finding a place in the sun for themselves.
At the fork of his road, after leaving secondary school, he chose
the unbeaten path of entrepreneurship. "I couldn't imagine
working for someone else. All that effort, and people will seldom
appreciate it. If I'm going to put in 10-12 hours a day, I might
as well work for myself," he admits. .
That he did, and it did not matter what business,
too. Whye Hoe's background was founded from hawking imported ginseng
to sports seats. It was hardly the case of overnight success that
outlined his inauguration into the world of industry, but there
was something about his earnestness that told him "If you stick
to it long enough, something's going to give".
Unfortunately, what did give was not any thing of
his doing. Just as he was trying to build a career for himself,
he got a call from his mother pleading for help. Whye Hoe's father
had established Pet Lovers Centre, Singapore's first pet food store,
in 1973. F.L. Ng was a die-hard animal lover who turned his passion
into a business with two of Whye Hoe's uncles. The younger Ng nostalgically
remembers his grandmother admonishing his father, "people can't
even feed themselves, and you expect them to feed the dogs?"
Still, Whye Hoe's father stuck to his conviction and managed to
make a mark in the pet food industry. But even though business thrived,
F.L. Ng's health deteriorated. And when Whye Hoe was 16, his father
died, leaving the business to his uncles to run.
F.l.'s love for his four-legged friends, and ultimately
his business, was the glue that kept it all together. With his death,
the business began to unravel. It was a slow and painful process.
Whye Hoe's uncle had taken over the reins and could not hold it
together. After eight troubled years following his father's passing,
Whye Hoe's mother had enough. She picked up the phone and called
Whye Hoe and asked him to come into the company to see what he could
do. If not, they would dissolve the business. "Everything was
thrown to me overnight, Whye Hoe recalls. "My uncle and I had
very different attitudes towards the running of the business. When
I came in, the relationship did not end too well. I'm glad it's
all right now."
With seven outlets to its name, Whye Hoe's efforts
seemed to be taking off. Over the course of 5 1/2 years, the company's
annual turnover rose from a piddling $800,000 in 1996 to over $5
million by 2001. Pet Lovers Centre had become the largest, most
recognizable name in pet supplies in Singapore.
"Believe it or not, mum played a very important
role in all this," says Whye Hoe. "Even though she was
a significant shareholder in the business, she knew when to back
off and when to be proactive. She trusted me, despite my inexperience.
I'm glad I proved her right." Giving credit where credit is
due is typical of the humble youngster. He never fails to highlight
the fact that he and Daniel are an indelible team, and reminds us
of the importance of having dedicated and trustworthy people on
your side. "In the retail business, it is not uncommon to see
an 80% staff turnover rate. We can always pay people more money,
but that doesn't always work. As an employer, it is very important
for us to be able to hire people who share in our love for our product,
service and most importantly - pets. I strongly believe that the
people factor determines the success of the company."
But labour problems have not prevented Whye Hoe
and his crew from pushing the boundaries of their imagination. With
the cooperation of NTUC, they transformed an entire floor at Eastpoint
Shopping Centre into a mega pet store called The Pet Safari. Working
through Pet Lovers Centre, Whye Hoe has put together a slew of pet
industry operators into a single physical space, catering to every
whim and fancy of not only pet lovers, but their pets as well. "Not
only can you buy anything and everything related to pets,"
says Whye Hoe proudly, "but you can bring along your dog and
cat as well to do the shopping with you." Running both Pet
Lovers Centre and The Pet Safari doesn't leave Whye Hoe much time
for himself. "I used to have a dog, but not anymore. With all
the work to be done, I don't have time to give a pet the care and
attention it deserves. In fact, I often tell customers that if they
don't have time for their pets, don't keep them. It is not fair
to the animals."
At the end of the day, Whye Hoe has not only turned
around the company his dad built, but also carried on the tradition
of its spirit as well. His father, for one, would be immensely proud.
Whye Hoe was 24 when he was entrusted to keeping
his father's legacy alive.
"Let's just say that my uncle and l had very
different management styles. It is difficult when you do business
with family members, emotions tend to get in the way. When my mother
asked me to take over, I must admit, I didn't have much to work
with." In fact, Whye Hoe had to begin from ground zero. The
company was operating at a loss, there were only 5 employees, including
Whye Hoe, and apart from supermarket consignments, it had only one
retail store at Shaw Centre.
It was baptism by fire for Whye Hoe when he took
over. In the first year of operations, the company lost $75,000.
As if that wasn't enough to douse his entrepreneurial spirit, Yaohan,
one of the supermarkets that carried Pet Lovers' products, collapsed.
That was another $68,000 down the drain.
For true entrepreneurs, failure only makes the thought
of future success even sweeter. Whye Hoe roped in his friend Daniel
Lum into the company and the two of them hunkered down and got to
work. "You have to persevere and go all the way if you believe
in something," attests Whye Hoe. "When you want to do
a business, you've got to do it well and in a big way. We saw potential
in Pet Lovers Centre, and we began to re-engineer the company."
What they did was visionary management to say the
least. It was the kind of turnaround case study that belonged in
any business school programme worth its weight in Purina Cat Chow.
They pulled up their financial accountability bootstraps and began
going through the books with a fine-toothed comb. They realized
the importance of brand image and set about to create an indelible
one for themselves. Finally, they put together an operating system
that was applicable across all outlets, and integrated the entire
company. Before long, they could sit themselves down to look at
the business at hand. "In this business, it is all too easy
to become too homogeneous. We needed to make a name for ourselves,
to create a unique brand identity that can be easily recognized
by all. We wanted to realize a dream of having a one-stop shop for
all pet needs."
But as with all wonderful dreams, there is always
the risk of waking up. The pin threatening to burst Whye Hoe's balloon
came by way of industry sceplicism towards his plan of opening a
series of Pet Lovers outlets in several shopping centres across
Singapore. "Many people in the industry said that we wouldn't
survive after 2-3 years. They said we were too inexperienced,"
remembers Whye Hoe. "But if you have that fire down the gut,
and you strongly believe in something, then you just have to go
for it!"
It would take more than scepticism to put out Whye
Hoe's burning desire to revive his company. They methodically opened
outlets at a pace of one every six months, and before long, Pet
Lovers Centre could be found at Parkway Parade, Eastpoint, and Hougang.
|