{"id":999978193,"date":"2025-08-21T16:40:59","date_gmt":"2025-08-21T09:40:59","guid":{"rendered":"https:\/\/bizzi.vn\/?p=999978193"},"modified":"2026-04-18T21:20:11","modified_gmt":"2026-04-18T14:20:11","slug":"lua-listen-gap-lua-dam-me-song-learn-tu-love-spice","status":"publish","type":"post","link":"https:\/\/bizzi.vn\/en\/lua-listen-gap-lua-dam-me-song-learn-tu-love-spice\/","title":{"rendered":"Passion meets profession: Lessons in cash flow management and growth from Love &amp; Spice\u00a0"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">In the latest podcast episode of The CashFlow series from Bizzi Vietnam, \u201cRunning a business with professional fire or passion fire?\u201d, guest Michael Phan, CEO and Co-founder of Love &amp; Spice shared his very different entrepreneurial journey: from a personal passion for super spicy flavor to the ambition to build a Vietnamese spice brand with a place on the international map.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At first glance, this may seem like a pretty interesting startup story. But when you dig deeper, what Love &amp; Spice is doing is a case study in the unique combination of <\/span><b>financial thinking, high personal discipline, never-ending creative fire<\/b><span style=\"font-weight: 400;\"> and <\/span><b>passion never dies<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Index<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/bizzi.vn\/en\/lua-listen-gap-lua-dam-me-song-learn-tu-love-spice\/#Khoi_nguon_cua_dam_me_%E2%80%93_Trong_ot_sieu_cay_giua_tram_nghin%E2%80%A6_thu_nghiem\" >The Origin of Passion \u2013 Growing Super Spicy Chili Peppers Among Hundreds of\u2026 Experiments<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/bizzi.vn\/en\/lua-listen-gap-lua-dam-me-song-learn-tu-love-spice\/#Khi_dam_me_doi_dien_voi_thuc_te_tai_chinh\" >When passion meets financial reality<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/bizzi.vn\/en\/lua-listen-gap-lua-dam-me-song-learn-tu-love-spice\/#Quan_tri_dong_tien_Giu_doanh_nghiep_song_sot\" >Cash Flow Management: Keeping Your Business Alive<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/bizzi.vn\/en\/lua-listen-gap-lua-dam-me-song-learn-tu-love-spice\/#Chien_luoc_thi_truong_va_san_pham_Can_bang_giua_ban_sac_va_dai_chung\" >Market and Product Strategy: Balancing Identity and Mass<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/bizzi.vn\/en\/lua-listen-gap-lua-dam-me-song-learn-tu-love-spice\/#Dinh_pheu_Dong_san_pham_%E2%80%9Csieu_cay%E2%80%9D_%E2%80%93_Tao_ban_sac_va_chieu_sau\" >Top of Funnel: \u201cSuper Spicy\u201d Product Line \u2013 Creating Identity and Depth<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/bizzi.vn\/en\/lua-listen-gap-lua-dam-me-song-learn-tu-love-spice\/#Tang_giua_pheu_San_pham_%E2%80%9Cmoc_khoa%E2%80%9D_%E2%80%93_Cau_noi_va_tang_toc_do_ban_hang\" >Middle of the Funnel: \u201cKeychain\u201d Products \u2013 Bridge and Accelerate Sales<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/bizzi.vn\/en\/lua-listen-gap-lua-dam-me-song-learn-tu-love-spice\/#Day_pheu_Dong_san_pham_%E2%80%9Cdai_chung%E2%80%9D_%E2%80%93_Dam_bao_dong_tien_on_dinh_va_mo_rong_chieu_rong_thi_truong\" >Bottom of the Funnel: \u201cMass\u201d Product Line \u2013 Ensures Stable Cash Flow and Expands Market Breadth<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/bizzi.vn\/en\/lua-listen-gap-lua-dam-me-song-learn-tu-love-spice\/#Loi_khuyen_tu_mot_%E2%80%9Cke_noi_loan%E2%80%9D\" >Advice from a \u201crebel\u201d<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Khoi_nguon_cua_dam_me_%E2%80%93_Trong_ot_sieu_cay_giua_tram_nghin%E2%80%A6_thu_nghiem\"><\/span>The Origin of Passion \u2013 Growing Super Spicy Chili Peppers Among Hundreds of\u2026 Experiments<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Starting point of <a href=\"https:\/\/loveandspice.vn\/\" rel=\"nofollow noopener\" target=\"_blank\">Love &amp; Spice<\/a> very \u201cpersonal\u201d \u2013 Michael Phan and his wife wanted to create the \u201cspiciest chili sauce in Vietnam\u201d to satisfy their love of spicy food. In Vietnam, he could not find any chili that was spicy, natural and safe for his stomach, especially when he was sensitive to preservatives. This was the initial inspiration for him to build Love &amp; Spice.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Michael Phan and Love &amp; Spice\u2019s journey to grow super hot chili seeds in Vietnam is a long series of trials and failures. To equip himself with knowledge, he spent hundreds of hours watching videos from chili growers around the world, learning every little experience. There was a period when, in a 30m\u00b2 apartment in the city, he tried roasting up to 20kg of soil on the advice of an Indian farmer \u2013 a testament to his meticulousness and desire to learn.\u00a0<\/span><\/p>\n<figure id=\"attachment_999978194\" aria-describedby=\"caption-attachment-999978194\" style=\"width: 687px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-999978194\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/08\/anh_4cae1a522c1346a388237054fc7bcfe5_grande.jpg\" alt=\"Mr. Michael Phan - CEO &amp; Co-founder of Love &amp; Spice\" width=\"687\" height=\"515\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/08\/anh_4cae1a522c1346a388237054fc7bcfe5_grande.jpg 600w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/08\/anh_4cae1a522c1346a388237054fc7bcfe5_grande-300x225.jpg 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/08\/anh_4cae1a522c1346a388237054fc7bcfe5_grande-16x12.jpg 16w\" sizes=\"(max-width: 687px) 100vw, 687px\" \/><figcaption id=\"caption-attachment-999978194\" class=\"wp-caption-text\">Mr. Michael Phan \u2013 CEO &amp; Co-founder of Love &amp; Spice<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">From the initial testing step, the journey of &quot;home&quot; for chili plants went through many rounds of selection. Initially, they chose Da Lat - where the cool climate helps the chili to be bigger and more beautiful, but reduces the spiciness that is the soul of the product. Next, they moved to Dak Lak, but encountered a logistics problem. Finally, Dong Nai was chosen as the &quot;golden land&quot; - both ensuring natural conditions for chili to grow, and convenient for a closed transportation model from farm to table.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But the road has not been smooth. A heavy rain once caused more than 10,000 chili plants to be waterlogged and had to be thrown away. He also tested dozens of recipes before creating the final product. His willingness to throw away an entire batch of substandard product shows his absolute commitment to quality. This is not just a cost sacrifice but also a branding strategy based on trust.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Or when COVID-19 hit, they were left without support workers, forced to manage everything from transportation, fermentation to loading and unloading. However, it was this harsh period that helped them focus on perfecting the formula and promoting online commercialization - the foundation for Love &amp; Spice&#039;s later acceleration.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">I believe in philosophy <\/span><b>\u201cJust do it\u201d<\/b><span style=\"font-weight: 400;\"> \u2013 take action instead of over-analyzing. According to Michael, the risk of doing nothing is unclear, while the risk of action is more clearly defined. This is a bold but necessary mindset for every entrepreneur, especially in a volatile market. Naming the product \u201cCay nhu de\u201d is also a testament to Michael\u2019s determination and willingness to be different.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Khi_dam_me_doi_dien_voi_thuc_te_tai_chinh\"><\/span>When passion meets financial reality<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">To turn a \u201cfun\u201d product into a real brand and business, Michael Phan soon realized that passion alone was not enough. He was forced to face two harsh financial problems \u2013 challenges that any CEO or CFO would understand.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The first, <\/span><b>long production cycle<\/b><span style=\"font-weight: 400;\">: Many super spicy lines have to be naturally fermented for up to 6 months. During that time, capital is &quot;locked up&quot; in inventory, inventory days are unusually long. For a startup with limited capital, this puts a lot of pressure on cash flow, especially in a context where market demand can change in just a few months.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Monday, <\/span><b>Demand is new and unpredictable.<\/b><span style=\"font-weight: 400;\">: The \u201cextremely spicy\u201d chili sauce market in Vietnam is almost untapped. The appeal of the product comes from its uniqueness, but also comes with great risks in terms of market size. If you only follow your passion, without a strategy for cash flow management and reasonable capital allocation, your business may fall into a state of illiquidity before it has time to expand its market share.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It was from these &quot;learning by doing&quot; experiences that Michael gradually formed a very clear management philosophy: <\/span><b>Passion is the starting fuel, but the profession - the ability to manage capital, manage production cycles and grasp the market - is the factor that keeps the business alive and growing.<\/b><span style=\"font-weight: 400;\">. It was also an important mindset shift that helped Love &amp; Spice transform from a personal project into a strategically-oriented business.<\/span><\/p>\n<p><strong>Watch the podcast now <a href=\"https:\/\/youtu.be\/AE68tqIyvQI?si=Db76YLot-JLipC75\" rel=\"nofollow noopener\" target=\"_blank\">Run a business with passion or skill?<\/a><\/strong><\/p>\n<p><iframe title=\"[EP 01] Running a business with passion or skill? | Mr. Michael Phan | The CashFlow Season 02\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/AE68tqIyvQI?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Quan_tri_dong_tien_Giu_doanh_nghiep_song_sot\"><\/span>Cash Flow Management: Keeping Your Business Alive<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">For a manufacturing business, <\/span><b>cash flow management<\/b><span style=\"font-weight: 400;\"> is always a vital factor.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He is not only interested in traditional indicators but also uses unique tools such as <\/span><b>Fibonacci formula<\/b><span style=\"font-weight: 400;\"> To predict growth, understand that growth is not always exponential.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Michael Phan likens Love &amp; Spice&#039;s cash flow to a <\/span><i><span style=\"font-weight: 400;\">&quot;quiet river&quot;<\/span><\/i><span style=\"font-weight: 400;\"> \u2013 stable and sustainable, instead of \u201ca small stream that dries up quickly\u201d or \u201cbig waves that fluctuate\u201d. This perspective reflects a strategic choice: not chasing hot growth, but prioritizing maintaining a steady financial flow to sustain the business in the long term.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Prioritize speed and liquidity:<\/b><span style=\"font-weight: 400;\"> In exporting, Michael values speed and cash flow over immediate profits. He emphasizes the principle of \u201cFastest is best\u201d \u2013 meaning that in exporting, <\/span><b>Speed and liquidity are more important than lowest cost<\/b><span style=\"font-weight: 400;\">He prioritizes partners who pack and ship quickly, because &quot;finish line is cash flow into the account&quot;.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>D2C Strategy Shortens DSO:<\/b><span style=\"font-weight: 400;\"> By selling direct, Love &amp; Spice significantly reduces its payback period, ensuring positive cash flow even when sales are not yet very large.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Invest in Efficiency &amp; Lean:<\/b><span style=\"font-weight: 400;\"> He advises focusing on profitable projects and running lean, avoiding spreading yourself too thin on ineffective products or events.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Combining intuition and data:<\/b><span style=\"font-weight: 400;\"> When making difficult financial decisions, Michael combines <\/span><b>senses (noise filtering), statistics and intuition<\/b><span style=\"font-weight: 400;\"> to make decisions based on the most realistic information.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">This is a practical lesson for SMEs, especially new businesses that want to <\/span><b>expand into international markets<\/b><span style=\"font-weight: 400;\">: passion and opportunity are necessary, but <\/span><b>The art of cash flow management determines survival and sustainable growth<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Chien_luoc_thi_truong_va_san_pham_Can_bang_giua_ban_sac_va_dai_chung\"><\/span>Market and Product Strategy: Balancing Identity and Mass<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Love &amp; Spice did not follow the short-term \u201cspicy challenge\u201d path that is easy to create a trend but difficult to retain customers. Instead, Michael Phan and his team built a clearly structured market strategy according to <\/span><b>funnel<\/b><span style=\"font-weight: 400;\"> \u2013 both attractive and sustainable, supported by a product development strategy that is both deep and broad.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Dinh_pheu_Dong_san_pham_%E2%80%9Csieu_cay%E2%80%9D_%E2%80%93_Tao_ban_sac_va_chieu_sau\"><\/span>Top of Funnel: \u201cSuper Spicy\u201d Product Line \u2013 Creating Identity and Depth<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">At the top of the funnel are the super spicy strains like Habanero, Ghost or Vietnam Reaper. These are not just products, but also <\/span><b>marketing tools<\/b><span style=\"font-weight: 400;\"> strong. They create a clear difference, help the brand stand out in the media, and at the same time arouse curiosity from the community who loves to explore new things. This strategy fully exploits <\/span><b>depth<\/b><span style=\"font-weight: 400;\"> In product development: Love &amp; Spice focuses on the strength of naturally fermented chili, divided into many levels of spiciness from 1 to 6.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Each chili variety not only brings different levels of spiciness but also tells its own \u201cflavor story\u201d. This product line plays a \u201cpremium\u201d role, bringing high profit margins and affirming the brand positioning of \u201cthe spiciest in Vietnam\u201d of Love &amp; Spice.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Tang_giua_pheu_San_pham_%E2%80%9Cmoc_khoa%E2%80%9D_%E2%80%93_Cau_noi_va_tang_toc_do_ban_hang\"><\/span>Middle of the Funnel: \u201cKeychain\u201d Products \u2013 Bridge and Accelerate Sales<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">In the middle of the funnel are \u201ckeychain\u201d products with small capacity and reasonable price. This is an important stepping stone for new customers to easily try the product, reducing the initial spending barrier. With the characteristic of \u201ceasy to try \u2013 easy to buy again\u201d, this product group plays a role in increasing <\/span><b>velocity<\/b><span style=\"font-weight: 400;\"> and rapidly expand your customer base. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In terms of packaging\/size, diversifying from mini packs to bottles, and even gift sets, is also a cash flow strategy. Mini packs help increase velocity, while gift sets help increase <\/span><b>AOV (average order value)<\/b><span style=\"font-weight: 400;\"> and seasonal revenue.<\/span><\/p>\n<figure id=\"attachment_999978195\" aria-describedby=\"caption-attachment-999978195\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-999978195 size-large\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/08\/481468680_940632418239647_6751189445424246700_n-e1755769474536-1024x842.jpg\" alt=\"Chili sauce keychain products \" width=\"1024\" height=\"842\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/08\/481468680_940632418239647_6751189445424246700_n-e1755769474536-1024x842.jpg 1024w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/08\/481468680_940632418239647_6751189445424246700_n-e1755769474536-300x247.jpg 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/08\/481468680_940632418239647_6751189445424246700_n-e1755769474536-768x632.jpg 768w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/08\/481468680_940632418239647_6751189445424246700_n-e1755769474536-15x12.jpg 15w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/08\/481468680_940632418239647_6751189445424246700_n-e1755769474536.jpg 1536w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption id=\"caption-attachment-999978195\" class=\"wp-caption-text\">Chili sauce keychain products<\/figcaption><\/figure>\n<h3><span class=\"ez-toc-section\" id=\"Day_pheu_Dong_san_pham_%E2%80%9Cdai_chung%E2%80%9D_%E2%80%93_Dam_bao_dong_tien_on_dinh_va_mo_rong_chieu_rong_thi_truong\"><\/span>Bottom of the Funnel: \u201cMass\u201d Product Line \u2013 Ensures Stable Cash Flow and Expands Market Breadth<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Finally, at the bottom of the funnel is the trio of \u201cless spicy, more delicious\u201d \u2013 Saigon, Hanoi and Hue Sauce. This is the \u201cheart\u201d of the strategy: turning Love &amp; Spice into a familiar spice on the daily dining table. In terms of product development, this is an expansion <\/span><b>width<\/b><span style=\"font-weight: 400;\"> of the brand, not allowing itself to be limited to the \u201csuper spicy world\u201d that is only suitable for a small group. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Love &amp; Spice develops more &quot;less spicy, more delicious&quot; lines, closely associated with Vietnamese cuisine, bringing products from <\/span><b>niche (customers who like spicy challenges)<\/b><span style=\"font-weight: 400;\"> go out <\/span><b>mass (daily spice for every family)<\/b><span style=\"font-weight: 400;\">. This ensures a steady cash flow thanks to the constant recurring demand from mass consumers and fast capital turnover.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Loi_khuyen_tu_mot_%E2%80%9Cke_noi_loan%E2%80%9D\"><\/span>Advice from a \u201crebel\u201d<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Michael Phan affirms that <\/span><b>Keeping the management team and investors motivated is harder and more tiring.<\/b><span style=\"font-weight: 400;\"> vs. keeping money in your wallet. He is fortunate to have a co-founder\/life partner who has a \u201cwe do it\u201d spirit and angel investors who support him both intellectually and spiritually.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For those who are just starting out, he gives a practical and \u201charsh\u201d advice: \u201cIf you need advice, I advise you not to start.\u201d This advice is only for those who are \u201cshocked\u201d enough to turn it into energy for action, because starting a business <\/span><b>requires a lot of patience and endurance<\/b><span style=\"font-weight: 400;\">. In the end, the core is still the product must <\/span><b>unique, different, creative and \u201cout of the box\u201d<\/b><span style=\"font-weight: 400;\">\u201cIf I feel strange and different and my product is also different, then it must be 50%,\u201d he said.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Michael Phan has not only built a brand but also created a unique business philosophy, where the courage of an artist is combined with the discipline and analysis of a financier. His story is a living proof that, to achieve sustainable success, it is necessary to have both. <\/span><b>&quot;passion fire&quot; to start<\/b><span style=\"font-weight: 400;\"> and <\/span><b>&quot;Passion&quot; to keep the business alive<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p>Check out more stories from our podcast series The CashFlow at: <strong><a href=\"https:\/\/www.youtube.com\/playlist?list=PLMZGcYng_tIplFp6CEZXXuzkAPTu_wlWE\" rel=\"nofollow noopener\" target=\"_blank\">The CashFlow season 01<\/a><\/strong><\/p>\n<p><img decoding=\"async\" class=\"wp-image-999978197 size-large\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-16.36.52-e1755769114593-1024x413.png\" alt=\"The CashFlow podcast playlist\" width=\"1024\" height=\"413\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-16.36.52-e1755769114593-1024x413.png 1024w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-16.36.52-e1755769114593-300x121.png 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-16.36.52-e1755769114593-768x310.png 768w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-16.36.52-e1755769114593-1536x619.png 1536w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-16.36.52-e1755769114593-2048x826.png 2048w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-21-at-16.36.52-e1755769114593-18x7.png 18w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p>&nbsp;<\/p>","protected":false},"excerpt":{"rendered":"<p>In the latest podcast episode of The CashFlow series from Bizzi Vietnam, \u201cRunning a business with passion or skill?\u201d, guest\u2026<\/p>","protected":false},"author":2,"featured_media":999978202,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[76],"tags":[],"class_list":["post-999978193","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-goc-nhin-cfo"],"acf":[],"_links":{"self":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999978193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/comments?post=999978193"}],"version-history":[{"count":4,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999978193\/revisions"}],"predecessor-version":[{"id":999978203,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999978193\/revisions\/999978203"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/media\/999978202"}],"wp:attachment":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/media?parent=999978193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/categories?post=999978193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/tags?post=999978193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}