{"id":2220,"date":"2014-04-29T15:56:38","date_gmt":"2014-04-29T08:56:38","guid":{"rendered":"http:\/\/yup.edu.vn\/?p=2220"},"modified":"2026-09-19T00:54:40","modified_gmt":"2026-09-18T17:54:40","slug":"build-bussiness","status":"publish","type":"post","link":"https:\/\/yup.edu.vn\/en\/build-bussiness\/","title":{"rendered":"YUP! Event: How To Build A Million Dollar Business From A Start – up Company?"},"content":{"rendered":"

How can you build a million-dollar company from a startup project?<\/p>\n

ICP International Consumer Products Company<\/i><\/strong> was founded in 2001 by Mr. Phan Qu\u1ed1c C\u00f4ng<\/b> is the founder. With initial capital of only 1 billion dong invested in the company, ICP launched its strategic product line X-men <\/b>targeting male customers.<\/span> \"\" Starting with 1 billion VND<\/strong><\/span> in hand, he lost nearly 10 years of building and development<\/span> (2001\u20132010) to create revenue of 500 billion dong<\/strong> <\/span>for ICP. 3 years later, he sold a controlling stake in ICP to Marico, an Indian company in the same industry. In 2013, ICP's revenue exceeded 1,000 billion dong, double the 2010 figure before the sale.<\/span> ICP's rise is associated with Mr. C\u00f4ng's image,<\/strong> <\/span>a highly educated intellectual with experience working for multinational companies and notable business results: while companies in the same product segment averaged 15% annual revenue growth, ICP's product lines grew by more than 30%.<\/span> \"\"<\/p>\n

Mr. Phan Qu\u1ed1c C\u00f4ng<\/span><\/strong><\/p>\n

By Responding Quickly to Market Needs and Following Insightful, Long-Term Strategies, X-men\u2019s Sales Keep Growing, Turning ICP into a Million-Dollar Business from Solid Beginnings.<\/span> Statistics show that, among projects that successfully raised capital, as many as 53% of startups risk failure within the first 5 years, and only around 25% can repay investors' capital. These figures seem far from attractive to anyone running or planning to start their own business.<\/span><\/p>\n

Many projects run into obstacles, fail, or make little progress because they lack direction, long-term strategy, and a sufficiently broad vision. \u201cMillion-Dollar Project\u201d is our term for projects achieving impressive revenue and profit figures, as well as a brand value worth a million dollars. ICP is such a business.<\/span><\/p>\n

You want to start a business, so surely you also want the best possible result: a successful company, becoming a successful entrepreneur, a \u201cmillion-dollar business\u201d like ICP, don't you? Do you know what you need to do? Or are you only planning for the coming year, cautiously calculating your next steps?<\/p>\n

YUP<\/strong><\/span>\u00a0 is a pioneering and reputable organization in entrepreneurship training and organization in Vietnam. YUP<\/strong><\/span> \u00a0having worked with and supported many young entrepreneurs, we deeply understand the desire of those starting or planning a business to learn from successful people\u2019s experiences.<\/span> Therefore, YUP<\/strong><\/span> wants to bring special value to the community and serve as a bridge, bringing valuable experiences and insights from successful entrepreneurs to future startups.<\/span><\/p>\n