Mr. Maxi Teo and Mr. Feyen Low: The WallStreet Of Interior Design
WallStreet Interior Pte Ltd
When someone mentions Wall Street, images of tall skyscrapers and the New York Stock Exchange come to mind. It is where the latest buzz on business is discussed. It is where new business ideas are birthed. It is the heart of global finance.
The name Mr. Maxi Teo and Mr. Feyen Low chose for their business can’t be more apt. WallStreet Interior Pte Ltd envisions being the gold standard for interior design. Here’s how the dynamic and creative duo makes it happen—and how young entrepreneurs can too.
From Walls To Interiors: The Start of Something Great WallStreet Interior Pte Ltd adopted its name from WallStreet Pte Ltd, originally a wallpaper and curtains company. In April this year, friends Maxi and Feyen decided to create a business that will harness their design strengths and passions, and one that will have a unique service offering. Their brainchild became WallStreet Interior, a one-stop, all in-house interior design solution that removes common pitfalls arising from having to deal with many design and building subcontractors. Little did Maxi and Feyen know that this integrated approach was going to be the next big idea!
“We do our own carpentry, our own curtains, wallpapers and everything else. When we integrated the services, the prices became cheaper and the customers got more value for money. In terms of quality control, we owned the process. There is no sub-contractor. We delivered projects on time and in top quality,” Maxi and Feyen shared. Since April, they have completed a number of HDB and condo renovation works in Changi, CCK, AMK, Ubi, Woodland and Jurong. Relying upon their in-house carpentry, curtains and wallpaper workshops, their interior renovation works are bespoken to suit the client’s meticulous details. Indeed, when every inch of space is customized, the result can only be
unique and exquisite.
This year, Wall Street Interior fearlessly faces a brand new challenge: Their inaugural exhibit at the Singapore Expo. Showcasing their best works at the biggest gathering of interior design companies and suppliers in front of thousands of people is ambitious. Maxi and Feyen are training their staff to be prepared. This next step is part of their vision to attract more home design clients, and to move into commercial projects as well.
A Team Built Upon Friendship, A Vision Shared As One
Maxi and Feyen currently have a staffing complement of up to 20, consisting of contributors, commission-based and full-time in house employees. While renovation works can be very challenging, they don’t let the stress rub on their nerves. Everyone in the team has fun while
working the way friends do. In fact, this is the approach Maxi and Feyen uses to hire and manage their staff and share the company’s vision with them. “We are all friends. We don’t treat ourselves as the boss. At the end of the day, the employee can speak up his mind. Our working space is very open,” they share.
In order to keep the team motivated, Maxi and Feyen also ensured that they pay their staff every week. Even those who are commission-based receive a weekly payment regardless of whether or not their commission is already due. Another unconventional approach Maxi and Feyen use are the freedom they give their staff to make responsible choices. “For example, our salesman can choose not to visit a potential client. We don’t stop him from making that choice. We just invite him to tell us why not. It’s an open
discussion,” they said.
Relying upon their team strength, Maxi and Feyen sees that success is not far-fetched. “For us, success is being able to put up the holding company. That is where we are going next,” the unstoppable duo shared.
Advice To Rising Entrepreneurs: Be Fearless, But Careful
If there was one thing Maxi and Feyen agree as the sacrifice each had to make, it would be sacrificing time away from family. “I am workaholic. If I’m not working I would be lost,” said Feyen. The partners work 7 days a week, even until 10 in the evening, while a project is under way. Their families are supportive. “We also play hard. After a project is done, we go on holidays for one week to one month.” Both draw inspiration from their family on why they work so hard. “Our kids don’t need to suffer what we suffered. They can have a more
comfortable life ahead of them.”
New entrepreneurs, beware. Maxi and Feyen say that entrepreneurship is not for the faint of heart. “Be fearless, but think carefully. “Be very careful of every step you take now because all these would affect life later. Not everyone can overcome a big failure. Plan your strategy well,”
Feyen advised. “Plan and think twice before you just do something. Do not be scared, have no fear. But also plan ahead,” shared Feyen.
Maxi and Feyen may have feathers added to their caps for all the accolades they receive from happy clients. But the partners live by three principles: Trust, Humility, and Honesty. These principles will buoy one up when troubles and challenges arise. “Most small interior design firms do not have the capital to do big projects, like a condo project that would need $500,000 to $2M funding. Others won’t take risks. For us, we go for it even if we don’t make a profit. We know we can gain some other kind of benefit from serving this client in the future. These are all parts of the entrepreneur’s life,” they shared.
They say the surest way to predict your future is to create it. Taking control, being the captain of your own ship is what Maxi and Feyen decided to do to make WallStreet Interior one of a kind. Indeed, they have a blueprint for success laid out before them. One project after another, they are on their way to making it big.Oxley Biz Hub 1, 69 UBI Road #07-29 Postal code: 408731 Office No: 67026011