Deep down, I'm an ambitious person. I have big dreams. I want to make a big impact while I still can and be the first to create something new for the country, making the impossible possible.
Hello, I am Topp Jirayut. Founder and Group CEO of Bitkub.
At the start, I had arguments with my parents. Well, if you look back 8 years ago, the Bank of Thailand warned that Bitcoin could be like a Ponzi scheme. The warning letter to not get involved in Bitcoin was sent to commercial banks across Thailand.
Who would my parents believe? Their newly graduated son or the Bank of Thailand? I argued because I didn't like losing. I wanted to show to everyone that I was part of the minority who were right about this, whereas the majority were so wrong about Bitcoin.
After a while, I was summoned by the Anti-Money Laundering Office. When my dad received the letter, we had big arguments. My dad wanted me to close down the company but I refused. I didn't like losing.
I wanted to make a bigger impact than providing knowledge. I wanted to show the regulator how much blockchain technology could do. So I joined the FinTech Challenge hosted by the Securities and Exchange Commission (SEC). That was the first of its kind. My team was called "Private Chain" and we created "Stock Exchange 2.0".
At the time, stock transactions would be done at the T+3 day. Our exchange was open 24/7 with transactions done at T+3 seconds with blockchain technology.
We cruised through all the rounds, and won the SEC's FinTech Challenge. Then we pitched to the SEC that we wanted to make this a real business since we were the winner of the program.
The company reflects the average of its personnel. If the majority of the company are not very good or toxic, the company won't be very good. On the other hand, if we have good people, the company will perform well.
Hence having a high turnover is not necessarily bad. We have to hire slow and fire fast during peacetime.
When we become famous, we want to develop the company from good to great. There is a philosophy. We need to lead with the right context. We cannot say that we are a family. Instead we're a professional sports team. We can love each other like professional sports teams.
Our goal as a sports team is to win championships. Forwards need to score goals. That's their job. But defenders get injured and get red cards. Ultimately, forward players must also be defenders. Otherwise, you won't win the championship.
Going above and beyond your tasks is important. What is crucial in peacetime, therefore, is organisational design.
As a founder, I design the company. I don't design the product. It isn't my job. During wartime we have to deliver Product Market Fit, the founder has to design the Product, and identify Product Market Fit. But after finding Product Market Fit, the question is how we scale to grow exponentially whilst keeping the company sustainable.
Another context in which we need to lead correctly, we don't say the word "department". If you keep saying the word "department", walls are created in your head and embedded in everyone's head. This is my department, that's your department; blame, blame. Then there is no teamwork.
Teams must adopt the words "Ownership and Beyond". What is Ownership? For instance, strikers are hired to score goals. This is the Ownership.
So as a Leader, we need to lead in the context of a team, and indoctrinate this context into employees. Put your best people in front of the bus. Don't use your best people to solve organisational problems.
5 Skills for the Future Workplace
Today I have 5 important skills for the new generation that will be required in the future workplace. I want to share these with everyone.
Be Quick to Adapt
Number 1, people who will be successful in the future won't be those with the highest IQ, or the highest EQ, but people who have the highest AQ.
What is AQ? It's an Adaptive Quotient. What does that mean? It means people who can unlearn old rules and be the first to learn the new rules and become the winner of the next game.
It's the same in the real world. The rules of the business world have changed. Therefore, your most important skill is AQ; Adaptive Quotient.
Be Patient & Persevere
The second is patience and perseverance.
Today, many people, especially the new generation, lack patience. Because, with technology, we expect things instantly. But the most important skill set for success is patience.
What accumulates or compounds is not confined to money in the form of interest. Einstein said it was the eighth miracle of the world. In fact, if we do something that we do for a long time, everything is compounded.
Therefore, those who are more patient and can persevere for a long period of time, will likely succeed.
Many people looked at me as if I stood in the shade of a tree but didn't see that I was sowing seeds and watering them under the sun for a long time.
There is no such thing as overnight success because nothing comes easily. If there was, then everyone would get the same.
Be Committed & Passionate About What You Do
The 3rd people trait for success in the future is Commitment and Passion.
There's one quote I really like by Mark Twain. He said we have 2 most important days in our lives. The first is the day we were born. The 2nd is the day we know why we were born.
Those who know the answer to number 2, are not overwhelmed by challenges. They know why they born, and they will work with passion every day to achieve their goals.
Therefore, the 3rd quality of a successful person, they must be passionate about what they do and must persevere and stay at it for a long time.
Embrace Lifelong Learning
The fourth skill is lifelong learning and learning to learn by yourself.
Most people have graduated from university, and thrown their caps in the air. But 3-4 years spent at university cannot guide your through 30-40 years of working life. It's just a tenth of our working life.
A more important skill set is to keep teaching yourself and learn all the time, especially in this era where the rate of change is fast. It doesn't matter what we learn.
Those who will succeed are those who understand the world's new rules. The rules of this new game are constantly changing.
Keep teaching and developing yourself all the time.
Don't Fear Failure
The fifth skill, we must learn to fail.
Does anyone read a manual and then expect to ride a bicycle? To ride a bicycle, you need to fall and get back on.
So failure is a good thing. It signals that we're on the right track. When we do hard things, we often fail but we will be better people.
Those who fear failure, will never be able to ride bicycles.
We are born with only one life. We should make the most of our time on this planet. Don't give up. We can get discouraged, but never give up.
I am living proof for all to see that from a child who didn't study well, we can learn to try and take action every day.
Don't care about the people around you.
Ignore everyone throwing stones at you.
Don't care what other people think.
Have your own goals and go for it.
Do not give up. Take action every day.
Ultimately, a single, ordinary person can change the world.
We can have a great company in Thailand as well, no different from Apple or Google, no different from Facebook, that is Thai owned.
I want Bitkub to be Thailand's National Champion, to put Thailand on the world map and show that Thais can build on a Global Scale. I want it to be a company that everyone can be proud of.