Champei Spa's founder Chea Sarin: If you want to succeed in business, you need to have these three essential elements​

Chea Sarin, Managing Director and Founder of Champey Spa, claims that if you want to succeed in business, you must have three most important element: specific skill, general knowledge, and financial literacy.

Specific skill is very important for business owners or those who want to do business. Without it, it's really hard to get started because if you want to do businessm but you lack the skills in that specific field, it may lead to a false start. 

“Having the right skills and knowledge is not enough to grow a business because it requires general knowledge as well. ’’ said Mr. Chea Sarin. Knowledge is a skill that you know and can use to operate certain things, but it is not enough just to have specific knowledge, you also need general skills and knowledge.

Mr. Sarin emphasized that business owners must strive to raise general awareness regarding financial management or human resources, in order to make the right decision.

This general knowledge can be reinforced through self-learning, attending seminars, and networking with other local and international groups.

Another important element is financial knowledge because it is a point of success determination for each business. Once a business reaches a certain point, there will be financial problem and if there is no financial knowledge, it can lead to wrong decision making, which may lead to the collapse of the entire business.

"If you don't have financial knowledge when a cash flow problem arises, he (the business owner) will start borrowing money and it will become a mess. ” said Mr. Sarin 

By: Tann Somphors