This Entrepreneur Didn't Pay Himself a Salary for 5 Years After He Started His BusinessThis CEO talks about having both courage and the ability to leverage your resources and build a business.

ByMaRS Discovery District

Opinions expressed by Entrepreneur contributors are their own.

In this video, Entrepreneur Network partner Mars Discovery District talks with enterpreneur Joshua Wong. Wong's business, Opus One Solutions, is an enterprise software company focused on creating sustainable utility grids.

In the company's early stages, Wong used much of his own personal funds to get Opus One Solutions of the ground. Eventually, the CEO's gamble paid, especially when he developed a relationship with a government agency to move the company forward.

Wong mentions that during the company's first five years, he did not pay himself a salary.

Click the video to hear more from Wong and Business Rockstars.

Related:这个加拿大科技企业存活一段时间的ncertainty by Trusting Its Purpose

Entrepreneur Networkis a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.

EN is partnered with hundreds of topYouTube channelsin the business vertical. Watch video from our network partners on demand onRoku,Apple TVand the Entrepreneur App available oniOSandAndroiddevices.

Wavy Line

MaRS Discovery District is the world’s largest urban innovation hub. Located in the heart of Toronto, MaRS supports impact-driven startups tackling key societal challenges in the health, cleantech, fintech and enterprise sectors.

More from MaRS Discovery District

This Entrepreneur Didn't Pay Himself a Salary for 5 Years After He Started His Business

How This Founder Sold Investors on Her Company's Unconventional Technology

How Tech-Infused Clothing Has the Potential to Improve Personal Health

How 3 Words Helped Change This Man's Career

Editor's Pick

Related Topics

Social Media

How This 18-Year-Old TikTok Star Built a Business With 5 Million Followers

TikToker Ryan Shakes shares how he built a devoted and engaged following.

Marketing

The Role of PR in Successful Product Launches — Strategies and Best Practices

By executing a comprehensive PR campaign, brands can generate buzz, build credibility, and create a strong foundation for their product's success in a competitive market.

Growing a Business

How to Build a Culture of Learning in Startups

Startups tend to favor high productivity within short turnaround times. In such conditions, employees must be adaptable and learn new skills quickly. Therefore, training and development are crucial — a new employee needs to hit the ground running.

Business News

Anheuser-Busch to Lay Off 2% of Workforce Amid Declining Sales and Backlash

The layoffs will impact less than 2% of the total Anheuser-Busch U.S. employee population, which translates to approximately 380 positions eliminated.

Science & Technology

The Rising Threat of Generative AI in Social Engineering Cyber Attacks — What You Need to Know

The rise of generative AI is revolutionizing social engineering cyber attacks, making them more sophisticated and harder to detect. As these threats escalate, individuals and organizations must stay informed, exercise caution and employ robust cybersecurity measures to counteract this new wave of AI-driven cybercrime.

Business Ideas

The Top 10 Home Business Ideas for 2023

Can't figure out which enterprise you should launch in 2023? Check out 10 stellar home business ideas to get inspiration.