We ask Yang Kin Lim, Senior Credit Controller at Cummins South Pacific Pty Ltd, Founder of Ace Flask, and RMIT alum, six questions about being a business owner.
1. What did you study at RMIT and what attracted you to that program?
I was drawn to the Bachelor of Business (Accountancy) program due to my innate business acumen. I have always been fascinated by the intricate workings of financial operations and enjoy forecasting trends within the business world.
2. What is your business all about?
Our mission is to offer the most sustainable hydration solution for individuals who prioritise both their health and the health of the planet. We are dedicated to providing eco-friendly bottles that not only keep you hydrated but also minimise environmental impact, ensuring a healthier future for generations to come.
3. Where do you see your business in 10 years’ time?
In a decade, ACE FLASK will be a globally recognised leader in sustainable hydration solutions, offering a diverse range of eco-friendly products. Our brand will be synonymous with quality, reliability, and environmental responsibility, with widespread adoption by individuals and organisations worldwide. Through strategic partnerships and innovative initiatives, we will continue to drive positive impact, reducing plastic waste and promoting environmental conservation on a global scale.
4. How has studying at RMIT prepared you to run your business?
Studying at RMIT has provided me with a solid foundation in business management, covering strategic planning, financial management, marketing, and entrepreneurship. The emphasis on real-world application has sharpened my problem-solving abilities and critical thinking skills, while interactions with industry professionals have offered valuable insights and networking opportunities. RMIT's focus on innovation and sustainability aligns perfectly with my business values, enabling me to develop cutting-edge, eco-friendly solutions. Overall, my time at RMIT has equipped me with the knowledge, skills, and confidence to effectively navigate the challenges of entrepreneurship.
5. What advice would you have offered yourself when you first started your business?
If I could advise my past self when starting my business, I'd emphasise embracing failure as a learning opportunity and building a strong support network. Seek guidance from mentors and fellow entrepreneurs, prioritise self-care, and stay adaptable. Trust your vision, stay resilient, and persevere through challenges.
6. What’s your go to type of fitness?
My go-to type of fitness involves playing indoor futsal weekly and going to the gym three or four times a week. It is about staying fit and healthy to keep me motivated.
Acknowledgement of Country
RMIT University acknowledges the people of the Woi wurrung and Boon wurrung language groups of the eastern Kulin Nation on whose unceded lands we conduct the business of the University. RMIT University respectfully acknowledges their Ancestors and Elders, past and present. RMIT also acknowledges the Traditional Custodians and their Ancestors of the lands and waters across Australia where we conduct our business - Artwork 'Sentient' by Hollie Johnson, Gunaikurnai and Monero Ngarigo.
Acknowledgement of Country
RMIT University acknowledges the people of the Woi wurrung and Boon wurrung language groups of the eastern Kulin Nation on whose unceded lands we conduct the business of the University. RMIT University respectfully acknowledges their Ancestors and Elders, past and present. RMIT also acknowledges the Traditional Custodians and their Ancestors of the lands and waters across Australia where we conduct our business.