• Isabella Tan

Michel Lu, F&B Entrepreneur & Director of Liquid Assets - Zeemart Inspirational Champions Series

We welcomed the second season of Zeemart Inspirational Champions Series with Michel Lu. Michel Lu teaches F&B entrepreneurship at Singapore Management University (SMU), while also running consultancy businesses in Singapore, Jakarta, and Hong Kong.



“There’s no black and white in F&B, F&B is so much more than just food,” said Michel as he explained that F&B is about good-enough food at the right price point, the right location, and the right level of service.


Having two decades of experience as an owner and operator in F&B, venture capital, and lifestyle businesses in Asia, Michel shared that he was originally interested in robotics for the F&B industry, not for saving labour costs, but more for creating a new frontier to fill in the gap in the market. He thought of setting up the first fully robotic fine dining omakase restaurant, where customers leave it to the chef (or in this case robots) to serve seasonal specialties in a countertop style.


He eventually shelved that idea and pursued the spirits business instead, setting up a beverage company called Liquid Assets, fronting the brand, The Orientalist Spirits, the world’s first pan-Asian craft spirits brand. Their unique spirits were infused with ingredients and spices all over Asia. He then further developed a hops sparkling water, which was praised by all who tried.



Back in SMU, Michel encourages his students to broaden their minds and look at the F&B industry differently, instead of starting a single cafe or bar, perhaps go for something that scales up like food production. Michel also shared that one of the students he mentored is went on to start a successful cold brew production that helps companies like Chye Seng Huat to make their own specialty brew.


He fully agrees that starting a business in the F&B industry is never easy, as there is a high percentage closure in the business. However, he also mentioned that the percentage of failing decreases significantly for those who have been trying and trying again, learning from their failures every time. Such examples are groups like Lo And Behold and Unlisted Collection.


Lastly, Michel shared that upcoming entrepreneurs need to be able to take risks and not depend largely on government-aided funds, be kept up-to-date on the latest market changes, and grab any opportunities open to them.


We would like to thank Michel Lu for being our guest for the evening.



0 則留言

Zeemart是新加坡首个餐饮行业的B2B(企业对企业)平台,旨在帮助企业作出更明智的采购决定。我们的平台通过简单的界面连接采购者和供应商,让彼此之间的搜索、采购和沟通比以前更有效力、更容易。

App Store_3x.png
google-play.png
  • linkedin
  • Zeemart Facebook
  • instagram-logo
  • Zeemart Youtube

在此与我们联系

若有任何询问,请通过电邮与我们联系:enquiries@zeemart.asia 

我们的办事处

Singapore
Mapletree Business City,
20 Pasir Panjang Road,
East Wing, #03-22/24,
Singapore 117439


 

Kuala Lumpur
Unit 27-13, Level 27, Q Sentral, Jalan Stesen Sentral,
50470 Kuala Lumpur, Malaysia