The key to serving to a pair run a million-dollar firm collectively

Chris Halim and Raena Lim are the couple who co-founded the clothes rental app Type Idea. Startup Singapore has obtained funding capital of 30 million USD from massive names corresponding to SoftBank, Alpha JWC Ventures and Indonesian actual property firm Paradise Group.

This 32-year-old couple isn’t solely harmonious in marriage but in addition in enterprise. Nonetheless, Halim shared, being each a husband and spouse and a enterprise accomplice, there are additionally limitations: “It makes you’re employed longer hours”.

After 5 years of rising their companies and perfecting the best way they work collectively, Chris Halim and Raena Lim provide some recommendation to different {couples} who co-founded – each inside and out of doors of the enterprise. .

Leverage everybody’s strengths

Initially, it will be important for every individual to obviously outline their strengths and areas of experience that they’ll deal with effectively.

“Chris is admittedly analytical, so he would be the foremost one making enterprise and monetary choices,” Lim stated of her husband, CEO Type Idea.

“Rae focuses extra on model growth, HR and enterprise operations,” Halim stated of his spouse Lim as chief working officer.

After figuring out every individual’s strengths, every individual will take over the administration of associated areas and take full duty for his or her choices.

“For the division she manages, Lim will do the networking and so will I. That helps remedy issues fairly effectively,” Halim shared.

The secret to helping a couple run a million-dollar company together - Photo 1.

Raena Lim and Chris Halim, 2 co-founders of Type Idea. Picture: Type Idea

Balancing work and leisure wants

In keeping with the couple, work and leisure additionally must be harmoniously balanced. It is not at all times straightforward although – particularly within the early days of a startup. This is essential for Halim and Lim to work effectively and lead a balanced life.

“The primary few years have been robust,” says Halim, including that the couple labored Monday by Sunday, taking no depart for a “very long time.” “However we pulled it out. expertise”.

Lim added: “It took us 5 years to regulate to this. Weekends shall be devoted totally to household and private life. We actually work at full capability weekdays to verify the job will get executed.”

Construct a robust crew of associates

A lot of the credit score for rising the enterprise comes from its 150-employee crew, the couple stated.

What actually retains you going is discovering people who find themselves passionate concerning the mission you are pursuing. When instances are robust, they’re actually an ideal supply of encouragement and assist you numerous,” Lim stated.

That connection is particularly vital because the couple expands their “child” enterprise throughout Singapore, Indonesia and, quickly, Hong Kong.

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