Entrepreneurship 101 with BWIB and Chimpped

Berkeley Women in Business continues to empower women aspiring to pursue a career in business when its VP of Finance, June Yu, invited Chimpped, a local start-up company, to come in and give BWIB members a talk on Entrepreneurship 101 last night. Chimpped is an application/website that consolidates finding, scheduling, and booking appointments with various businesses or service providers across multiple industries into a single platform. Both Chimpped Mimi Lau, CEO and Tony Lam, COO, shared their experience about the hurdles they had to face as entrepreneurs.

Chimpped
Chimpped

Chimpped is not Tony Lam’s first entrepreneurial venture. He had started Wingstop in the Bay Area six years ago, which was a huge risk at the time, as chicken wings were not considered a full meal back then. Lam recalled how his first Wingstop store was in the red for three years. His team had to study and analyze the reason behind their problem: Was it culture? Was it location? There are myriad trial and errors involved in entrepreneurship, and Lam stressed on the importance of believing in your service or product 100% despite mistakes or making wrong decisions in one’s strategic moves. The key is to understand that you are never always right. Nonetheless, you should also not allow that truth to stop you from moving forward and keep trying. When you are passionate about your business, you will be able to make it successful. Take intelligent and intelligible risks, while accepting sensible failures as experiential learning. It was this drive to stay committed to his venture that made it possible for Wingstop to expand to as many as 37 stores in the Bay Area today.

Chimpped CEO, Mimi Lau, talks Entrepreneurship 101
Chimpped CEO, Mimi Lau, talks Entrepreneurship 101

Mimi Lau agrees with her co-founder. She emphasized that as entrepreneurs, one should be willing to roll up his/her sleeves and take on a diversity of projects and roles. This is exactly what they do at Chimpped. Although they are the heads of the company, Lau and Lam continue to pursue everything and anything hands-on in order to get work done. Entrepreneurship is not easy, and there will be road blocks. However, with vision and dedication, wise attempts, and appropriate scalability testing and analysis, they are positive they will overcome; just like Wingstop now thrives in spite of initial failures.

The win-win relationship that Chimpped offers for both its individual users and service providers convinces me that it will just take getting it out there before Chimpped would become the next can’t-live-without-tool! To invite more users to enjoy the benefits and convenience of the software, Chimpped has developed an Ambassador Program wherein customers can easily recommend Chimpped to their favorite service providers and earn $100 as a cash reward per referral. Service providers are basically any business service, be it a local restaurant, nail salon, dentist, etc., that you as a consumer would like to easily book appointments or schedule meetings with through Chimpped. Webinars are hosted everyday for prospective ambassadors or simply curious users to learn more about the Ambassador Program or how Chimpped works as an app in general.

BWIB Finance Committee at the Chimpped Sponsored Entrepreneurship 101
BWIB Finance Committee at the Chimpped Sponsored Entrepreneurship 101

Chimpped is currently a local but growing startup company based in Sunnyvale, CA.
To try out Chimpped, go to: Chimpped.com
For internship opportunities, ambassador program inquiries, or general FAQs, contact Chimpped at: support@chimpped.com or visit Chimpped FAQs.

Denice Sy
Class of 2014

2 thoughts on “Entrepreneurship 101 with BWIB and Chimpped

  1. The key is to understand that you are never always right. Nonetheless, you should also not allow that truth to stop you from moving forward and keep trying

    That’s amazing!! 😀

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