GEConsult & Co

We're humbled to be part of ITEC2024 this year - as a co-organizer for this prestigious 12th Chaoyang International Talent Entrepreneurship Conference Final (ASEAN Edition) that was held in Menara Affin Kuala Lumpur this morning. Congratulations to all finalists!

What is your KPI, targets, goals etc.? These are the questions surround us all the time and you may wonder how to put them through? How to set an impactful KPIs?

By the way, it's time to set something for 2025 now. Check this.

It's observed that many managers still fail to delegate effectively. The reality is that there are several myths and misconceptions about delegating that can make some leaders wary of handing off work to others. Here at GEConsult & Co., we believe that "delegation" is the process of assigning a project, an activity or a task to someone who will be accountable and responsible for an expected outcome.

Then "How to determine when delegating is appropriate?" will be the next big question. Here are a Top 5 Tools to help you delegate effectively so that your team shares the workload and makes progress that benefits everyone!

Let's face it! Selling a is tough!!!

Additionally, business owners are aware of the fact that increasing sales is crucial for their company's growth. If there is one metric that actually measures the health index of a company, then it is sales! To maintain a sustainable growth, a company must have effective growth strategies to increase the number of customers and ultimately, improve sales.

If you are looking for tips to boost sales for your business, you are at the right place and right time now. Let's read these top 3 tips to boost your sales performance.

Organizational transformation is on the minds of many business leaders. Smart CEOs are always looking for opportunities to increase their organizational effectiveness and strengthen their company culture. At the juncture between organizational stagnation and sustainability, organizational transformation strategies can provide continuity and opportunity to the business.

Any type of transformation affects, first and foremost, your stakeholders not limited to your employees, customers, investors, suppliers etc. – therefore, to achieve successful organizational transformation, companies need to strategically change a company’s structure, systems and culture thus improving overall organizational performance.

Merdeka! Merdeka! Merdeka!
Have a wonderful Merdeka celebration. Happy Independence Day and happy holiday!

Struggling with an identified bottleneck? Simply stuck somewhere and have no idea what to do? Check this valuable three (3) strategies our consultants have identified for you this August 2024.

To build a successful and sustainable business, be it small or large, you will need good marketing strategy that aligns your tactics and techniques which fit to your budget.

No one size fits all, but you will need a perfect fit one, at the right time.

There are 38 startups have become unicorns in 2024, by far. Despite the tight venture capital market, unicorns are still being created every month. Let's witness some shortlisted names here together, as below.

Aven — $1 billion: Aven, founded in 2019, is a consumer credit card company. It reached a $1 billion valuation after closing a $142 million Series D.

Flo Health — $1 billion: This fertility-tracking app announced a $200 million Series C, valuing the company at more than $1 billion.

Altana Technologies — $1 billion: This global supply chain management company, founded in 2018, closed a $200 million Series C, valuing it at $1 billion.

Chainguard — $1.1 billion: This cybersecurity company announced a $140 million Series C, valuing the company at $1.12 billion.

Harvey — $1.5 billion: Legal AI platform Harvey raised a $100 million round from investors, including Google Ventures, OpenAI, Kleiner Perkins, Sequoia Capital, that brought its valuation to $1.5 billion.

Saronic Technologies — $1 billion: Saronic, a defense tech maker of autonomous surface vessels, raised a $175 million Series B at a $1 billion valuation.

Huntress — $1.55 billion: The managed cybersecurity startup that offers extended detection and response (EDR) tech closed a $150 million Series D, valuing the company at $1.55 billion.

xAI — $24 billion: Founded only last year by Elon Musk, this AI startup is already valued at $24 billion after closing a $6 billion Series B backed by investors like Andreessen Horowitz, Craft Ventures, Fidelity Investments, and Sequoia.

BillionToOne — $1 billion: This disease-screening genetic testing company raised a $130 million Series D.

Altruist — $1.5 billion: This fintech startup, which offers investment management for independent registered investment advisers, was founded in 2018. It raised a $169 million Series E in May 2024.

Weka — $1.6 billion: A SaaS data storage company that specializes in AI use cases, Weka closed a $140 million Series E, valuing the company at $1.6 billion.

Farcaster — $1 billion: The open source, blockchain-based social media startup closed a $150 million Series A led by Paradigm, leading to a post-money valuation of $1 billion.

Sigma Computing — $1.5 billion: This AI-driven big data analytics startup raised a round in May that valued it at $1.5 billion.

Humanity Protocol — $1 billion: This blockchain palm-scanning identity startup, founded in 2023, raised a $30 million seed round, giving it a post-money valuation of $1 billion.

Cyera — $1.5 billion: Data security provider Cyera raised a $300 million Series C in April, valuing the company at $1.5 billion.

Monad Labs — $3 billion: Monad, which is working on a faster version of the Ethereum blockchain, raised a $225 million Series A in April, valuing the company at $3 billion.

Nexamp — $1.5 billion: This clean-energy company raised a $520 million round with a mixture of debt and venture financing that valued the company at $1.08 billion.

Grow Therapy — $1.4 billion: This therapist-finder health tech company launched in 2020 and raised an $88 million Series C round.

Cognition AI — $2 billion: Cognition, which is working on an AI software engineer named Devin, reportedly raised a $175 million Series B in April, valuing the company at $2 billion.

Xaira Therapeutics — $2.7 billion: This AI drug discovery startup, founded in 2023, launched with a huge $1 billion Series A in April, giving it a valuation of $2.7 billion.

Flip — $1.19 billion: This social commerce platform, founded in 2019, raised a $144 million Series C, valuing the company at $1.19 billion.

io.net — $1 billion: This cloud service, which puts GPUs from data centers and cryptocurrency miners into a decentralized network that can be used by AI models, it closed a $33 million Series A in March 2024.

Perplexity — $1 billion: The famed AI search engine raised a $73.6 million Series B in January at a $520 million valuation, followed by an additional $62.7 million in April 2024.

Octane — $1.1 billion: A company that offers instant financing on mowers and recreational vehicles, Octane raised $50 million in April, giving in a post-money valuation of $1.11 billion.

Celestial AI — $1.2 billion: The AI company raised a $175 million Series C in March, valuing it at $1.2 billion.

IntraBio — $1 billion: Intra bio, a neurodegenerative diseases drug discovery company, raised a $40 million round of funding in March that reportedly valued it at $1 billion.

Liquid Death — $1.4 billion: A canned water startup founded in 2017, secured the last round of $67 million valued the company at $1.4 billion.

Blink Health — $1.3 billion: Founded in 2014, this online pharmacy took on $81 million in private equity funding, giving it a $1.28 billion post-money valuation.

NinjaOne — $1.9 billion: This mobile device management and security company raised a $231 million Series C in February, giving it a $1.9 billion post-money valuation.

Ascend Elements — $1.6 billion: This sustainable battery company raised a $162 million round in February, it said. This gives it a post-money valuation of $1.61 billion.

Lambda — $1.5 billion: This GPU cloud computing platform for AI use raised a $320 million Series C in February at a post-money valuation of $1.52 billion.

EigenLayer — $1.1 billion: EigenLayer is behind a new project for Ethereum called staking, which involves using Ether tokens as security. Launched in 2021, it picked up a $100 million Series B in February 2024.

Figure — $2.6 billion: The humanoid robot company raised a $675 million Series B in February, giving it a valuation of $2.6 billion.

Together AI — $1.25 billion: This cloud service for running open source AI models raised a $106 million round led by Salesforce Ventures, giving the company a post-money valuation of $1.25 billion.

Bugcrowd — $1 billion: This crowdsourced bug-fixing cybersecurity platform raised a $102 million Series E in February, led by General Catalyst, which valued the company at $1 billion.

ElevenLabs — $1 billion: The AI text-to-speech generator startup, specializing in language dubbing, picked up an $80 million Series B in January 2024.

Quantinuum — $5.3 billion: Founded in 2021, the quantum computing cloud service raised a $300 million round in January led by Honeywell, valuing the company at $5.3 billion.

Zūm — $1.3 billion: This school transportation fleet management startup closed a $140 million Series E round in January led by Singapore firm GIC, valuing Zūm at $1.3 billion.

A successful formulated and communicated strategy can set your company on the right track for years to come, however, creating one is often easier said than done. A study from HBR reveals that more than 95% of employees do not understand their company’s strategy — such an overwhelmed data considering that successful strategy formulation and ex*****on requires company-wide effort.

Thankful that our consulting teams are humbled continuously working on strategy formulation and ex*****on projects with medium and large corporations across Asia, we learned and share here a summarized tips for a successful strategy formulation and implementation for you to explore.

Throughout the business lifecycle, companies can find themselves in trouble for whatever reasons, considering internal and/or external challenges such as failure of a project implementation, bad debts, poor sales, poor management team, ineffective financial controls, bad decision-making and many more.

No matter why a company fails, the basic elements of a turnaround strategy remain the same. If you’re involved in a troubled company, here are 6 turnaround tips you should know.

Whether you’re a startup, a content creator, a famous brand, a large SME, a publicly listed entity, or a nonprofit - these 9 advance social media best practices can keep you on top of the social media game. Look, social media best practices can change swiftly, therefore it’s wise to continuously improve your best practices quarterly even if you think your social strategy is already running like a well-oiled machine.

It was great experience when students were involved in Strategic Planning and Implementation, and learned what we do on a daily basis - dealing with startups, medium sized enterprises and even large corporations across ASEAN - having had discussion and brainstorming with Consultants from GECB was fun and exciting!

Analytical skills are essential for consultants who need to solve complex problems, communicate insights, and deliver value to clients, locally and internationally.

Are you interested to be part of us?

No matter what types of business you run, setbacks and challenges are always at play. Even if you're running a home grown tuition business, business lifecycle does exist and a bottleneck is possible.

Bottlenecks hinder your business performance and thus income, therefore you must know how to spot, manage and prevent them. With the experiences we learned from thousands of enterprises here at GEConsult & Co., we summarized the top 7 tips to overcome bottlenecks and grow your business. Have fun ;)

It's fascinating when you witness the growth of startups from time to time, and most importantly there are one of the home grown fastest-growing enterprises with meticulously crafted competitive edge.

Selamat Hari Raya Aidiladha, sincerely from the Management of GEConsult & Co.

It was incredible when we're invited to be part of University Nottingham of Malaysia (UNM), sharing knowledge and experience to the students, and our Managing Partner Dr Fred Wu was speaking at an entrepreneurship event held there. Over a hundred participants were so excited to learn building a marketable and bankable Business Plan from him. All the best to the students😁

Are they really the 5 biggest laws in the World? Check this Top 5 Laws in the World and see how many you know. Have a great weekend ahead.

To standout and win competition nowadays, you should be inventive enough if we're not seriously mistaken, a belief here at GEConsult & Co.

As the founder of Amazon Jeff Bezos said, if you want to be inventive, you have to experiment a lot, which means you will fail a lot. But failing a lot is OK, Bezos added, because one or two "winners" can pay for hundreds and thousands of failures. He offered a baseball analogy to prove his point. Something that worth pondering isn't it?

The BUDI MADANI website is finally up. Please check how to apply for the MADANI Government's RM200 /month targeted diesel subsidy.

Click this https://budimadani.gov.my/ for application today!

Dear Valued Clients,

Please read our company profile by clicking this link https://geconsult.asia/company-profile/

Should you need further information, kindly please email rachel[a]geconsult.org anytime. Thank you!

Have a nice day!

The Management

Company Profile – GECB: Turnaround and Restructuring Consulting

Thriving entrepreneurs need compelling ideas to stand out, but they also need a well of aspiration they can draw from to stay energized through the ups and downs of business ownership. Before they seize opportunities to execute their plans, trailblazers must start with an unwavering sea charts (in other words business plan) to go towards the goals.

Do you have a good business plan for implementation? Call/WhatsApp 017-330 8077 for more info today!