Simonboy exposes $170k loss over 1 year in his organizations, states how chicken rice stall shuttered, Entertainment News

Celebrities

Simonboy just recently discussed the troubles handling and running numerous organizations, along with what caused the closure of his chicken rice stall in 2025.

The 38-year-old regional actor-content developer, whose genuine name is Simon Khung, was a visitor on director Jack Neo and star Terence Cao’s YouTube talk program Money Vs. Banana, with the episode launched on Sept 29.

He was asked what he believed caused the closure of Singabola Chicken Rice within 6 months of operations.

“I didn’t think too much into the details [when I first started the business], including how I should manage each aspect. I just thought that as long as it’s delicious, that’s good enough,” he described.

Simonboy began the food stall at coffeeshop Lepak One Corner @ Canberra in June 2024 with regional star Peter Yu and their company partner Winson Ng.

He shared in the talk program that they had some problems with the chef.

“Sometimes, when I eat the chicken rice, I had to look at his mood. If he was in a good mood, it would taste better. If he wasn’t, then it wouldn’t taste good. He also scolded the customers,” he described.

Simonboy included they had monetary issues with the chef, which caused an authorities case later on.

“We also had issues recruiting staff members, as seen in many food and beverage businesses. We couldn’t find suitable candidates. There were just too many inconsistencies in the food quality that I decided we should stop doing this. It caused too much headache and wasn’t worth it,” he stated.

While Singabola Chicken Rice is now shuttered, Simonboy stated he and his previous service partners stay good friends: “If the business can’t succeed, then it just can’t. There’s no point in blaming each other.”

When Jack asked what he had actually gained from this experience, Simonboy quipped: “I learnt not to anyhow do business.”

Celebrities Success from several failures

Simonboy likewise owned several services consisting of Heavenly Beauty nail and beauty parlor, Kenwa Orenji Omakase dining establishment and No. 1 Helper Agency.

He exposed that in 2025, his approximated loss from these services had to do with $160,000 to $170,000.

He confessed: “I think I was too rash to be very honest. I had always thought of setting up these businesses, and I could either close down all of them or just succeed in one where I would earn back the losses in a few years’ time.”

He stated that luckily the assistant firm is steady company and they saw returns within a year. It is now completely handled by his spouse Chloe Eong, likewise called Simongirl.

The other 2 endeavors are now closed after suffering losses.

“There was a period of time when I had anxiety attacks while sleeping because I would wake up to my partners telling me that more money was needed for the businesses,” Simonboy remembered.

After these experiences, he stated he would still do organization in the future however just concentrating on social media-related fields, consisting of sales livestreams.

Simonboy now owns Peace Street Productions, a media production and developer company which he began about 3 years back.

Service is steady, and he shared that he got a great deal of support when he initially began attempting to comprehend numerous elements in running it.

He likewise credited regional material creator-businessman Mayiduo for assisting him: “I asked him a lot of questions before I started the company, including talent agreements and client invoices because I didn’t have such experience.

“I asked if he might send me some recommendations and he did. When somebody is attempting to begin such a business now, I am likewise prepared to send my referrals for them to refer to.”

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