Dato’ Joey Yap is the founder of the Mastery Academy of Chinese Metaphysics, a global organisation devoted to the teaching of Feng Shui, BaZi, Qi Men Dun Jia, Mian Xiang and other Chinese Metaphysics subjects.
He is also the Chief Consultant of Joey Yap Consulting Group, an international consulting firm specialising in Feng Shui and Chinese Astrology services.
How did you decide to get into Chinese Metaphysics?
Dato’ Joey Yap first began learning Chinese Metaphysics from masters in the field when he was fifteen. Despite having graduated with a Commerce degree in Accounting, Joey never became an accountant.
Instead, he began to give seminars, talks and professional Chinese Metaphysic consultations around the world, and has become an avid property investor who also holds an interest in diverse businesses. By the age of twenty-six, he became a self-made millionaire.
What are your future plans?
I have a map but I don’t have a plan. A business plan fail because people stick to the plan. A map, on the other hand, provides direction. A business plan will change according to the map.
Our goal is to spread Chinese Metaphysics and to make it mainstream. There were many plans along the way but we changed them as we see how the market changes. That’s the importance of having a strategy.
Do you see Chinese Metaphysics becoming more relevant in the future?
Chinese Metaphysics has been around for 2,000 years. It is the second longest profession in the world. It existed way before scientists, accountants and developers. It was used as a guiding system by Imperial families or officers. Till today, it is used to strategise work, politics and war. Chinese Metaphysics is relevant in any business which requires strategy and winning. It not about predicting the future but creating the future.
Do you face a lot of competition in this industry? What is your strategy against your competition?
Any industry which doesn’t have competition is not worthwhile getting into as there is no market in that industry.
The strategy taken is to lift the barriers of entry and to change how the game is played. The rule is to be a game-changer. Make the rules, don’t just follow the rules.
What can you tell us about the industry? Have you developed any industry insights that you could share?
The more you know about the game, the better you can play the game to win. This goes the same for all industries. It is about how much you understand the pulse of the industries; the written and unwritten rules – every industry has that. If you don’t know the rules of the games, you will lose.
Why did you decide to become an entrepreneur?
There are a lot of opportunities and talents to be seen venturing into this line of business. Apart from that, it is also easier to start a business in Malaysia due to the lower barriers of entry. The cost to start a business is also lower which makes it easier for those who are keen to become an entrepreneur.
What do you think are the most important things entrepreneurs should keep in mind?
There are three things in which entrepreneur should keep in mind:-
1) They have to capitalise on something they are good at. They have to have passion in what they do and convert their own visions to serve a lot of people.
2) They have to gain the strategy to achieve their visions. Knowledge alone is not enough although knowledge which can be applied is called strategy. Having a business strategy is very important in making it happen for them.
3) They will have to take into consideration the timing to start a business. During bad times, one will have better opportunities compared to good times. In good times, it’s difficult to tell if an entrepreneur is doing well or just riding the wave but bad times will help define a good entrepreneur.
In your opinion, what are the keys to entrepreneurial success?
Entrepreneurial success is measured by how many lives are being served and transformed.
Any parting words of wisdom for entrepreneurs out there?
Entrepreneurs must create passion, instead of just finding it. Creating passions means start by doing something and doing it well. Anything that is worth doing is worth doing badly at first but learn to improve along the way and eventually becoming good at it.