RECOVERED S$20,000 INVESTMENT
Scott said the stall is profitable and has recouped its S$20,000 investment but declined to disclose monthly profits as earnings fluctuate. “I’ve also recently hired an employee, so the cost structure has changed,” he added.
The brothers previously shared that they were working around 70 hours a week. Scott, a former fintech product manager, who earned between S$5,000 and S$10,000 monthly, had said that he was probably earning “less than minimum wage”.
“Thankfully, things have improved and we’re no longer in that position,” he said, crediting more efficient processes for reducing their workload.
HIRED HELP NOW
Hiring help wasn’t seriously considered initially as the first-time hawkers thought they could manage on their own. Speaking to experienced hawkers changed Scott’s perspective.
“I realised that perhaps the problem wasn’t necessarily the business itself but the way we were running it,” he explained.
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