Meet Mr Don Tay, a computer engineer turned serial entrepreneur.
At 28, he has already co-founded Maximum Drift, Singapore’s first drift karting arena and Ululato, an old-school roadside ice-cream stall. His third business is now in the making.
Mr Tay’s businesses are both
located in Orto, a
sprawling recreational park in Yishun. Together with two friends, he mooted the
idea of offering drift karting instead of go-karting in Singapore.
Traditional go-karts are usually built for high-speed racing on straight tracks. What
After spending 1.5 years to build the business up from scratch,
“These karts are relatively easier to maintain compared to the [traditional] go-karts. As such, I can probably provide this activity at an economical price for people to pay less and enjoy more,”
He added that drift karting can be a family activity. “Compared to go-karting which requires players to be of at least 12 to 13 years old, mine caters to children as young as 2 years old because we have smaller karts available.”
Since its opening, Mr Tay has broken even with walk-in customers and corporate bookings skyrocketing during the holiday season.
Mr Tay didn’t have an easy start as a first-time entrepreneur. “As we are a startup company, we don’t have the budget to engage all the professional track builders, so we had to do our own research to find out what kind of surface actually reduces the wear and tear,” he recalled.
He also had a hard time securing a site as many tend to see his team as being too young and inexperienced.
“Some [potential developers] don’t take us seriously; they even asked us to present our plan to them at fast food restaurants and even so, had doubt in everything we said despite the research and confidence we had.”
After setting up Maximum Drift at Orto,
Mr Tay’s entrepreneurial journey
isn’t going to stop here.
“There’s a Chinese saying 吃喝玩乐 (eat, drink, play, fun). I have already covered ‘play’
with drift karting and ‘eat’ with the ice cream shop. So I may explore ‘drink’
and ‘fun’ next,” he said.
While the entrepreneurial journey can be exciting and rewarding, Mr Tay advised young aspiring businessmen to always start with full-time job.
“Learn how to work in a team, socialize, and deal with people,” Mr Tay said, stressing that entrepreneurs must have good people skills to succeed.