Growth as an Entrepreneur, Part 1
09/16/20 • 36 min
Coming from a family of hard workers and unparalleled dedication, Steven witnessed his parents’ struggle to build their business from scratch. Spending a summer job in his father’s warehouse and overnight labor under Miami’s summer heat, Steven is determined to take a different path.
In today’s episode of the ACCESS POINTS PODCAST, Tim will have a conversation with his good friend, Steven Wang. They will speak about the story of how Steven and his family started their women’s apparel business, the struggles they went through to grow their company, and his turning point on how he ended up running their family business.
Steven Wang is the CEO of Ming Wang. Born from a family with two completely opposite personalities, Steven got a unique perspective not only from a professional standpoint but also in family business.
Ming Wang is a family owned and operated women’s apparel company. They have refined and versatile garments that offer style without sacrificing comfort. They design and fabricate distinctive apparel with unparalleled quality and easy care meant to be a long-term part of the wardrobe.
Acknowledging his parent’s passion and dedication, Ming Wang has grown from New York City’s 2-bedroom apartment into a national business and an internationally-known brand of apparels.
Favorite Quote
“For those of you that have a family business that understands it, if it's been passed along from generation to generation, somebody had to start this thing. And just like sometimes, a brand is the hardest thing to start. A business is just like it, there's always risks going along with that, but THAT'S THE FUN PART. “
-Tim Elliott
In This Episode
4:33 - Brief overview of Steven Wang’s company
8:56 - The insights he and his daughter gained in the fashion business
14:27 - Best analogy in his thought process of dealing with the whole apparel industry
17:29 - Steven's personal and family history on how they got into manufacturing garments
26:04 - His father's turning point of going into general contracting rather than keeping a collection
29:01 - His memories of the struggles his parents went through and his unforgettable summer job experience
30:44 - The tipping point to why he stated that he would never be a part of the business that he is actually a part of today
32:07 - The reason why he ended up running the business
Visit Ming Wang
Visit Access EFM:
Click here to listen with Access Points Podcast
Coming from a family of hard workers and unparalleled dedication, Steven witnessed his parents’ struggle to build their business from scratch. Spending a summer job in his father’s warehouse and overnight labor under Miami’s summer heat, Steven is determined to take a different path.
In today’s episode of the ACCESS POINTS PODCAST, Tim will have a conversation with his good friend, Steven Wang. They will speak about the story of how Steven and his family started their women’s apparel business, the struggles they went through to grow their company, and his turning point on how he ended up running their family business.
Steven Wang is the CEO of Ming Wang. Born from a family with two completely opposite personalities, Steven got a unique perspective not only from a professional standpoint but also in family business.
Ming Wang is a family owned and operated women’s apparel company. They have refined and versatile garments that offer style without sacrificing comfort. They design and fabricate distinctive apparel with unparalleled quality and easy care meant to be a long-term part of the wardrobe.
Acknowledging his parent’s passion and dedication, Ming Wang has grown from New York City’s 2-bedroom apartment into a national business and an internationally-known brand of apparels.
Favorite Quote
“For those of you that have a family business that understands it, if it's been passed along from generation to generation, somebody had to start this thing. And just like sometimes, a brand is the hardest thing to start. A business is just like it, there's always risks going along with that, but THAT'S THE FUN PART. “
-Tim Elliott
In This Episode
4:33 - Brief overview of Steven Wang’s company
8:56 - The insights he and his daughter gained in the fashion business
14:27 - Best analogy in his thought process of dealing with the whole apparel industry
17:29 - Steven's personal and family history on how they got into manufacturing garments
26:04 - His father's turning point of going into general contracting rather than keeping a collection
29:01 - His memories of the struggles his parents went through and his unforgettable summer job experience
30:44 - The tipping point to why he stated that he would never be a part of the business that he is actually a part of today
32:07 - The reason why he ended up running the business
Visit Ming Wang
Visit Access EFM:
Click here to listen with Access Points Podcast
Previous Episode
Returning to Normalcy
When COVID 19 struck the world, everybody’s life changed drastically. While it is undeniably hard for some people to find a “good” about it, some have embraced the uncertainty and have grown from it. It is true that many struggled personally and professionally, but creating a list of the positives that comes with it can be a catalyst to drive yourself forward. Whereas this new normal may hang for a bit, the learning and the growth refined our ability to flip our mindset to find a good in every setback.
Today’s episode of the ACCESS Points Podcast, Tim and Davin have a conversation in their podcast room after COVID-19 restricted businesses, office commutes, and work travel. They will talk about what they learned and how they can apply these lessons as they progress into this new normal.
Tim Elliot and Davin Marceau are a team of professionals who are passionate, highly motivated and disciplined individuals committed to personal and professional excellence. They are the leadership team behind Access E Forms, the world’s leading electronic forms management, automation, and workflow provider. They are committed to enabling change through innovative technology – creating paperless and paper-light processes with green technology, improving work environments by making people’s jobs easier, and allowing organizations to communicate more effectively.
Enjoy!
Favorite Quote
“I think that's another interesting part of 2020 is embracing this period of time and learning from it and gleaning the valuable nuggets of information and wisdom that we've learned and almost embracing the struggle and applying that as we move forward into 2021.”
Davin Marceau
In This Episode
4:10 - How people and the government reacted during COVID
6:44 - The two types of people with regards to how they respond to the pandemic
7:28 - Big takeaways from going back to basics in terms of family relationships
13:47 - The positive impact of adversity
17:31 - Tim's story of his daughter's personal growth and mindset transformation from her life experience in New York City
22:02 - Davin's huge takeaway for 2020
Visit Access EForms:
Click here to listen with Access Points Podcast
Next Episode
Growth as an Entrepreneur, Part 2
From the onset of COVID 19, retail stores shutdown and their rate dropped to zero in fifteen days resulting in about 90 days stop of taking merchandise and full suspension to manufacturing garments afterwards.
This episode of the ACCESS POINTS PODCAST is the second part of the interview with our guest, Steven Wang. He will share with you the impact of the pandemic in his clothing business, how having the right mindset helps in a sound decision making process, and how he sustains providing value to his customers.
Steven Wang is the CEO of Ming Wang. Born from a family with two completely opposite personalities, Steven got a unique perspective not only from a professional standpoint but also in family business.
Ming Wang is a family owned and operated women’s apparel company. They have refined and versatile garments that offer style without sacrificing comfort. They design and fabricate distinctive apparel with unparalleled quality and easy care meant to be a long-term part of the wardrobe.
Enjoy!
Favorite Quote
“I like having a mindset of abundance regardless of what the rest of the world believes. And I just think it's so much better and so much easier to run a business when you have that kind of mindset. And it's really awesome when you see your competition, not having that kind of mindset. That part that gets really exciting.”
-Stephen Wang
In This Episode
1:20 - His takeaway about mindset and how it made a difference in his business
3:41 - The effect of COVID in his company
5:32 - His course of action when he suffered a setback
9:07 - The key lessons he gained from the eight months going through the situation of the pandemic
11:23 - How Steven and his company sustain brand awareness and customer value in this challenging time
18:23 - His viewpoint of how he evolved as a leader
24:35 - The most important thing he wished he should have known 20 years ago
Visit Ming Wang
Visit Access EFM:
Click here to listen with Access Points Podcast
If you like this episode you’ll love
Episode Comments
Generate a badge
Get a badge for your website that links back to this episode
<a href="https://goodpods.com/podcasts/bobblehead-podcast-172579/growth-as-an-entrepreneur-part-1-10674508"> <img src="https://storage.googleapis.com/goodpods-images-bucket/badges/generic-badge-1.svg" alt="listen to growth as an entrepreneur, part 1 on goodpods" style="width: 225px" /> </a>
Copy