A young finance gradutate who became a hotel entrepreneur.

Mr. Pongthorn Laohavilai is a successful entrepreneur with creativity, BOXTEL, Co., Ltd. In a recent interview, he shared the following with us.

To have my own business is one of my dreams since a young age, inspired by my family’s businesses. At that time when I had to choose where to study my Bachelor degree, MSME, Assumption University was my first choice.

I know that studying here at MSME will provide me great opportunities to learn more in business as MSME has been renowned for Business Minded Entrepreneur, so that my dream will definitely come true.

After I graduated from Finance and Banking Program, I started my first job at Globlex Security as Financial Assistant, where I could apply all knowledge learnt from the major. But after 3 years working in Finance Profession, I realized that having one job may not be enough. It's high time for me to fulfill my dream of being a successful entrepreneur. "My three rules for establishing my business are differentiation, competitive advantage, and start small."

Through 6 months, I came up with more than 10 business ideas, but none of them was competitive enough. Until June 2015, my aunt visited me and told me about her trip to China having Sleeping Boxes in Xian Airport. So, I was inspired by this idea and I saw the opportunity immediately.

In August 2015, I established my first company, BOXTEL Co., Ltd. Following my rules, I started small (only myself in a company), tried to differentiate BOXTEL from regular hotels, and aimed at competitive advantage among other businesses in the same industry. 

Having done all functions at BOXTEL alone, there are so many obstacles along the way, but I never give up. BOXTEL finally launched on April 1, 2016. After a month of opening, BOXTEL was fortunate enough to be in more than 20 Medias both in Thailand and other countries such as Japan, China and Germany. Until now, BOXTEL is known by many travelers as the most convenient place to spend time relaxing between flights. Now, BOXTEL is expanding from 12 rooms to 20 to accommodate more travelers during the upcoming high season.

I cannot imagine what my life would have been if I had not studied Finance and Banking at MSME. Not only knowledge and skills I have received through classrooms, but also seminars and activities that MSME provided have brought me many opportunities. If not what MSME has taught and inspired me, I would have not been me standing outstandingly here today.

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