Dr Aly
Co-founder of Hair Transplant Solutions
{{ vm.tagsGroup }}
28 Mar 2022
6 Min Read
Yusmani Yunus, Bizpod Incubator Executive
“95% of them take 10 years to reach their millionaire mark. The average age for a successful startup is 45 years old.” This was the opening statement made by Dr. Aly Alias Stephen Nah when he was invited by BizPod as a guest speaker for Entrepreneurship Webinar that was held on 5 March 2022. The topic of this sharing session was “Starting A Business Before Graduation”.
Dr. Aly, was 23 years old when he graduated as a medical doctor, and by 26 years old he had to sell of 2 of the 3 private clinics he co-owned. Aside from the medical aspect, Dr. Aly’s love for business got him involved with a business networking group, where he served 2 terms as President. He had led a group of 80 business owners from different industries. And currently he is the co-founder of Hair Transplant clinic known as Hair Transplant Solutions. Aside from this he also co-founded a small media start-up company and co-hosts a weekly podcast called “The 2 Docs” that speaks on contemporary issues and entrepreneurships.
During Dr. Aly’s sharing session, he explained that there are 2 criteria’s that you need acquire to start or run a business. There are focus and motivations. Dr. Aly mentioned that entrepreneurs require something that motivates them to run their business because by having a source of motivation, entrepreneurs are likely to remain focus to reach their goal.
Dr. Aly gave a few examples of various sources of motivation, it could be money, family members, pride, challenge, passion, and society. Dr Aly also highlighted that there is always a risk when it comes to start a business such as financial, technology, market, and competitive. Entrepreneurs are ought to learn on how to mitigate these risks.
Dr. Aly mentioned a few of the advantages of starting a business before graduation, which are:
By taking advantage of these resources, students are likely to learn how they can minimise any failures after they graduate. As this is the best time for students to face failure in order to reach success. This way students are learning and future proofing themselves.
Lastly, Dr. Aly mentioned that students should ask these questions to themselves before starting a business.
By asking themselves these questions, it is very likely that their business will be a success.
To signal the end of his sharing session, Dr. Aly shared his own story of owning 3 private clinics while still working for the government hospital and how he suffered to keep 2 of the 3 clinics to run. Dr. Aly was sharing with us that he had to shut down the 2 other clinics while still being in debt. After that experience, Dr. Aly realised he was upscaling too quickly which led to his downfall. But after creating more business network he has opened several business ever since.
The success of Dr. Aly would help inspire many students who have dreams and hopes of being an established entrepreneur. This is where BizPod comes in. BizPod aims to help students proceed from their ideation stage to successfully establish a start-up business. By surrounding students with a holistic start-up ecosystem, BizPod serves as a guide to help them thrive in the start-up community. BizPod also works across multiple facilities in the University to provide students with a multi-disciplinary learning experience.
Co-founder of Hair Transplant Solutions