The founder of Sinar Mas group, Eka Tjipta Widjaja, passed away at the grand old age of 98 on January 24. The death of Eka was also a great loss for the Indonesian business world since he was one of the pioneers in Indonesia. After his passing, his success story from his early years as a businessman to becoming one of the richest man in Indonesia is what’s being remembered the most. Here, we bring you five things to learn from Eka Tjipta Widjaja’s business journey for young entrepreneurs.
Lack of education is no barrier
Education gained from school is indeed an important thing to have in one’s life, but it is not a guarantee to bring a better life and career. And Eka Tjipta’s life proved just that. The Quanzhou-born tycoon only holds a diploma certificate from elementary school but he owned one of the biggest conglomerate groups in Indonesia with accumulated wealth around US$5.3 billion. Lack of education is not a barrier to attain success in life as long as you have perseverance and dedication like the late Mr. Widjaja did.
Business mindset since a young age
Eka Tjipta and business seemed to be a match made in heaven. Seeing his family’s financial condition in crisis, Eka started selling crackers and sweets from house to house when he was only 15 years old, in order to help build a better life for his family. From then on, he sought to keep improving his skills in business from a young age.
Dare to try new things
Long before he founded Sinar Mas Group, Eka Tjipta was a beginner salesman—he used to sell many things, from crackers to sweets in his early business days. However, his first venture into business was not a success, but, with bravery and determination, Eka finally managed to established Sinar Mas Group, which now operates in various business units. from pulp and paper, real estate, banks, mining and telecommunications to agribusiness units.
Honesty is important
According to Eka Tjipta Widjaja, trust from the consumer is the key to a successful business, and without honesty, you will never gain that trust. The lessons to learn is to gain people’s trust in your business by being honest to them, and success will come after you.
Keep moving forward and always be an optimist
One character that any entrepreneur must possess is being an optimist, and if you haven’t got that yet, you can learn from Eka Tjipta Widjaja. Eka experienced a lot of failures during his journey building Sinar Mas Group, but he always kept optimistic about the future and never give up by always moving forward. A simple yet integral lesson that any entrepreneur should keep in mind.