QUOTE(chess_gal @ Sep 2 2009, 07:55 PM)
Hi,
I think I know what you are up to. A side business that can fully work on its own without your daily involvement. Chances are it will work in short-term but not long term.
I started my bubble tea stall in Wisma Cosway four months back while being fully employed in Singapore, though earning a marginal profit but running it is not easy, reason being that I am not there.
Secondly, finding a reliable partner/staff. Someone that can oversee and do up your material purchasing schedule, monthly promotion, accounts, staff payroll and etc.
As my budget was limited, I have to all my planning myself. Plus my partner was not really helpful and was at loggerhead with the landlord. There were some dispute between him and the landlord and now I am forced to move out by end of the month.
I may not intent to continue since I not in KL to oversee it, ownership is very important and I failed to 'own' my business resulting in early closure. But if you are nearby, chances are it will survive.
Rental and staff cost will be your main concern, and opening it at shopping mall with traffic flow round the clock, you would have to hire at more staff and to work on shift, which would also add to your operating cost.
RM30k will be ideal for pushcart, test the market first, start small. When you have the confidence, then move up to stalls and shops.
Finally, good luck.
Excellent info, thx chess_gal, i've read ur bubble tea post b4 i wanted to start doing this. I was thinking f&b business could generate me a steady (more like passive) income, hmmm seems like i need more research b4 starting this.
QUOTE(DoctorFaust @ Sep 3 2009, 12:15 AM)
Host, did you talked to Sunway Pyramid Leasing Department? Surely they have their rules and regulations for you to obey. You have to be aware about it. Getting the right place is the first most important thing you gonna settled now.
In fact, I am doing similar thing in KLCC. But having a lot of problems in there.
All the best.
Yeah, talked to them, they quoted me the price, after some calculation (estimating per day sale) i arrived to a very small profit figure, im thinking of places which i can reduce rent and material cost. Btw care to tell me the prob u experienced when starting this??
QUOTE(kaiying @ Sep 3 2009, 02:26 AM)
have u done ur homework.. like market research etc?? i think u r not so ready yet.. no offense
Yeah, its true i am not ready =) but the ideas you guys contributed are gold to me, i will start small and even before that do a good research. Im trying to start it as a small family business.