During Mr. Gan’s sharing session, he explained certain criteria’s that every startup should acquire. The few main criteria that focused on were to create a business model canvas, opportunity overflow, and multitasking. 

1. Business Model Canvas – Should be used to build and validate the business on a regular basis. Most startups fail due to a lack of validating the business model canvas.
2. Opportunity overflow – This is not to get sidetracked from the main core of the business. By focusing on the core of the business it would help run and expand the business smoothly.
3. Multitasking – Most startup owners should learn and adapt to multitasking. Such as, maintaining the accounts, marketing, providing customer service, and graphic designing. Owners should prioritize things that are important to run the business smoothly. 

Mr. Gan also emphasized the importance of searching for the right partners. Individuals with similar goals but different skills can help enhance the business experience as well as increase the success rate of the business. Mr. Gan also outlined that prior to the product launch, product testing should take place first. Anyone that is associated with the owner such as family member(s) or friend(s) should not participate in the product testing process unless they are a potential customer. Individuals should have a wide variety of feedback for improvements to be made to the product. Mr. Gan encouraged young entrepreneurs to try it with a small number of customers to ensure the business does not incur a large loss in the future.