Nattaphol Vimolchalao – Experience in a Multinational Is Not Enough to Run a Startup

BIO: Nattaphol Vimolchalao is the Chief Executive Officer of Siam Rajathanee Public Company Limited, an outsourcing service. STORY: Nattaphol thought that hiring an executive from a world-class medical device company to run his startup was the way to make it succeed. However, though experienced, the executive had zero experience running a startup. The company went under within no time. LEARNING: You need more than experience to run a startup. Just because someone has experience managing a multinational company doesn’t mean they’ll be good at running a startup.   “You may be successful in managing one type of business, but that doesn’t mean that you will be successful at managing another.”Nattaphol Vimolchalao  Guest profilehttps://www.linkedin.com/in/nattaphol/ (Nattaphol Vimolchalao) is the Chief Executive Officer of https://www.siamrajathanee.com/th (Siam Rajathanee Public Company Limited), an outsourcing service. The company started as an agricultural business and later expanded to outsourcing services. Now, it is the leading outsourcing service company in Thailand. Nattaphol has a Bachelor’s degree in Physics from the University of Manchester. He finished his Master’s degree in Technology Policy Micro and Nanotechnology Enterprise from the University of Cambridge. Worst investment everAfter university, Nattaphol started a medical device trading firm and invested 10 million baht. He didn’t have experience running a business, but he thought he would be able to make it because he went to one of the best schools in the world. Nattaphol did everything from marketing, sales, and even hiring the first employee who happened to be an executive from a world-class medical device company. The employee had never worked in a small startup, and the way she went about running Nattaphol’s business was wrong. She spent a lot of resources hiring unnecessary employees, not understanding that the startup didn’t have a substantial human resource budget as a big company would. Cash flow was a problem from the beg