Eric Tan has set himself the goal of altering the rental industry by using digital solutions and he is inspiring his team to help him on his mission.
What’s your story?
I am the Founder and CEO of Beyond rentals.
Growing up I felt that I possessed the requirements of an entrepreneur to have the grit and leverage to disrupt and improve the current model of how things should work, always looking for opportunities and resources. Starting from the bottom, I’ve learnt attitude and our will is extremely important in everything we do.
Here I am with my team going Beyond for our clients and partners in our industry. We believe in creating value and not providing services for our clients, solving their pain points when they arise.
What excites you most about your industry?
Future creation and change is what excites me the most, our contribution in providing viable solutions to help our clients be future ready with robotics. We are also glad that we are able to provide digital solutions for our industrial suppliers and clients; there are so many opportunities for growth in infrastructure building in the next 5-10 years for our current and future generations to benefit from.
What drives you in business to push beyond what other people consider normal?
As founders we have our vision and milestones to achieve. I always believe in humility, I will put aside my position to learn continually so that my team is able to benefit from my leadership.
I work beyond regular hours, approx 16hrs and 6 days a week. I do not indulge in entertainment that consumes my time nor do holidays keep me happy. The day I made my decision to be an entrepreneur I knew it was a long term commitment and sacrifice that I contribute for the benefit/interest of my shareholders, colleagues and family.
What have been the most useful skills you have learnt and applied in your journey?
- Dedication of time and resources,
- Clear communications,
Time and resources are limited, being able to dedicate resources for the right task is a form of respect of time for everyone.
Communicating in the simplest form with the right direction will lead the team towards our common goal. I have seen founders leading their team to nowhere with complicated and fancy communications.
The journey is painful, without grit many will fail even with the best strategies. There are no perfect roadmaps in business, we will have to face all challenges ahead together with grit.
What’s the best piece of advice you ever received?
Don’t get burnt out.
I neglected the fact that burning out can be mental,ly emotionally and physically damaging. Burning out affects everyone around you at work, socially and at home. It will require more time to recover from the burn out and requires sacrificing others to fill in during your recovery.
This advice has taught me to recalibrate myself through meditation and relaxation so as to be a responsible human and not to affect others. It also helps me to go further without burning out.
Who inspires you?
I have to shamelessly say myself, I am inspired by the better version of myself constantly. It serves no purpose for me to be inspired by others when I am not going to be that person.
The future and better version of myself will, and has, consistently led and inspired me for growth, reminding me that until the day I leave this world I have to be the best version of myself and continually improve by creating value for others.
What have you learnt recently that blew you away?
Modern Slavery is still around and these people are struggling to get out of it.
I came across this recently and in march I was reading this book “Poor Economics ” by Abhijit Banerjee and Esther Duflo. The news has led me to deep thinking on how to help fight against modern slavery and poverty, what are the solutions to free these people that are struggling.
If you had your time again, what would you do differently?
I would spend more time with the people around me that matter.
How do you unwind?
Daily meditation in the morning to clear my head to unwind myself and I take long walks (however during my walks, I am still replying to emails).
What is a major mindset change, belief shift or ‘ah ha’ moment that you’ve experienced in relation to your business?
I used to have the mindset of disrupting with new ideas, but my ah ha moment was when I completed 59 IPO prospectus of various start-ups and 35 annual reports of companies in my industry that has been around for more than 10 years.
My new change was to replicate success and to understand what has worked and what has not. Not every new idea is a good idea, replicating success will accelerate the understanding of what the market needs for the future.
Everyone in business should read this book:
High Growth Handbook by Elad Gils
Leadership Secrets of the World’s Most Successful CEOs_ 100 Top Executives Reveal the Management Strategies That Made Their Companies Great by Eric Yaverbaum.
Both books are informative and have real sharing from top executives on their experience. It allows you to understand how they succeeded and what can be improved in your business.
Shameless plug for your business:
Beyond Rentals is a B2B rental hub that helps connect both the rental suppliers and clients closer with digital solutions, we are on a mission to mobilize assets/equipment and redefine flexible ownership.
We are dedicated to creating value and solving the rental industry challenges by maintaining our “Going Beyond” service standards for our clients and sharing our digital solution with our supplier partners.
How can people connect with you?
Social Media Links?
This interview is part of the CallumConnects series.