My guest, John Yan shares his views about entrepreneurship.

To succeed as an entrepreneur, you essentially need 2 P’s, which are Passion and Persistence.

You need to first find out what you are passionate about and stick with it for a long time. Additionally, you need to be agile, fail fast and pivot quickly to meet user needs.

The tipping point happens when you reach the product-market fit when the product is in its growth stage. Most start-ups reach this stage in about 7 years.

John’s advice for creating luck or opportunities is to be conversant of what you need to know, do and learn.

Another advice from John is – if you have a desire to be an entrepreneur, start early.