Hoho nice topic and thanks for sharing!

i'm currently final year student taking civil engineering.

I started my business in this forum. I decide to do online business rather than playing game. to be honest doing online business just like played games.

At first I start by selling second hand stuff in this forum.
then i apply to be distributor for computer and laptop. Selling laptop and computer in online and to juniors at my university. (i'm so proud of my self manage to convince supplier to allowed me to be their distributor - same supplier for lowyat plaza shoppers) - manage to do it by email and 1 phone call

like most people said, computer business is very low profit margin. petrol,time and problem not worth for me to go on. so i stop selling IT product.

then I dont have anything else to do and get bored. so I get item from other websites and sell it here. manage to get decent profit. one of the thing i sold are boxing bag .

Now i'm trying to import few goods from US and sell it back here. owh.. I also invest in rubber state in thailand. invest rm1k and get rm2k in just 10months.(i have friends over there). land owner need money and agree to give the rubber state to us for 10months .

Now i'm helping my mom to monitor/repair and collect money from her rental house.

she also have 4 acre empty agriculture land. basically she "give" me this land and ask me to do something with it. this land strictly for agriculture only.still doing my research what the best agriculture to do rite now. i have very limited capital(she will give me).

I have 2 ridiculous idea. 1 to produce civet coffee and another 1 is to make malaysia 1st venom/snake farm. I dont think it possible to do this. but i like this idea especially venom farm. as we know venom are highly valuable in biomedical industries. I wish i have expertise in handling snake


sorry for my bad bad english. i'm not good in language dawg . hope this will give motivation to student or youth who want to start business. honestly i said there is plenty2 of business opputunity out there. everyone will have the chance to do it. to be successful u have to have guts and the most important thing is to be hardworking!

This post has been edited by mousepad87: Jan 2 2010, 11:30 AM

That will be very a long story. If you are interested in which business, then you can request for that particular business.

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Added on January 2, 2010, 8:46 am1) You definitely cannot operate a snake farm. Those reptiles need license from Jabatan Haiwan to be rear, and those license are unlikely to be approved. Operating a snake farm is not as easy as you think, and how would you want to make a profit out of it? If you are selling venoms to hospital, i highly doubt you can do that as you need license from Jabatan Kesihatan. If you sell snakes, you need buy/sell license from Jabatan Haiwan again. Therefore, before you even make a profit, you've broke you bank in applying those license.

2)As I've said, if you are producing civet coffee (Kopi Luwak), hence you ALSO need license from Jabatan Haiwan to do so. If you tend to use animals in your business, you cannot run away from applying license from Jabatan Haiwan. It will be a different story if you are rearing those civet in Indo and start your business there. I know civet coffee is one of the most expensive coffee in the world, and there is a reason why it is so rare. The cost of taking care the civet is huge, and you need human labour to process the coffee after they poo.

3) If your 4 acres land is in the path of future development, I suggest you to go to Land & Survey Department to convert your land into residential or commercial purposes.
If the land is not in the path of future development, you can think of something to plant/cultivate. If you want to save all the headache, you can rent the land to some farmers to plant padi, veges, rear animals and etc.

This post has been edited by edyek: Jan 2 2010, 08:46 AM

thanks for suggesting me to convert the land from agriculture to commercial land. honestly the land is in the middle of on going agriculture land but at the same time few km from small/medium town in Selangor. I wonder if it will valuable enough or able to attract buyer to buy property there, science they have to travel between fish and chicken farm .

anyway i will try ask L&S Department, so i can have my future planing. maybe I can develop this land when i'm already be a contractor, let say in next 10 years?

If i rent the land to farmers, would they asking for long term contract. surely they tried to minimize the cost of mobilization. if they asking for 20years rent contract ..then i dont have my chance to do my own farming there. unless i rent half of the land .

one other option is to find partners instead of partners maybe I should go to ministry of agriculture and see what they can help.

I should have enough knowledge before i making my final decision. I will let u guys know what my final decision. if u guys have any recommendation, i'm well appreciate

You never know what the future gonna be. Who knows in the future the fish and chicken farm is going to be a residential area?

Good luck.

dude ...

supply chain ain't "ordering to delivery"

pls google the real meaning of "supply chain" before you wanna spam here

dropping technical jargon may seems cool to the greenhorns, but to those who know what "Supply Chain" really mean, please ...


and by the way, back to the real topic

sitting in a mamak store for hours ain't gonna give anyone any insight on how to operate a mamak store

else you can just sit in a 7-11 for a whole day and go out to build a much better "8-12" chain to defeat 7-11 in their own game

business don't work this way

in F&B, one has to know about food and drinks, know how to keep the food fresh, know how to make the drink interesting and know how to keep the cost low so to make profit out of the operation

please be careful of those "experts" who tell you he can draw "Supply Chain" on toilet paper, else you would end up losing your life savings

This post has been edited by convivencia: Jan 2 2010, 01:41 PM

that is correct because they have the knowledge inside their mind.

the biggest factor why new business chup lup is cash

they ran out of cash

it goes without saying that if you want to start a business, you must make sure you have enough cash

cash that can let your business run for at least 6 months

else, don't start

i have friends who have started business, making good progress, but ran out of cash

it is sad to see them having to run around looking for cash, begging others to borrow cash, time that they could put to better use by making their business runs better

may i add up few more point. dont flame me if i'm wrong.

from my experience few thing u have to consider other than cash flow.

U have to know who ur client(how many of them/what their buying power) and who ur competitors are. without knowing them is like hoping a fruit to fall down from a tree to ur mouth.

cash flow is very important also. u have to studied if u have enough liquidity especially when u involve credit term business.

one thing i think most people overlook is financial cost. cost when their borrow money from bank. interest rate and so on. one thing for sure dont buy ur stock using credit card and loan shark money

i'm still a student correct me if i'm wrong

I am from engineering background and worked in factory.. so indeed, what I said aint BS or spamming...

supply chain will make your company run more efficient... not make your market sharea bigger.. that is marketing d...

I think at the early stage most of the people will be suffering from cash flow problems.

I'm seems like covering 10pots with 7 covers that kind of situation. I think the most important is the individual mindset, without a strong mindset you may not be even pass throught this stage.

I came from a lower middle class family. I still remembers the time when i came out and started my business. I was using credit card money to roll, haha.. it's dangerous and almost got me into trouble. I blown all my cards, but somehow i managed to put through.

More important is i think the person must be mentaly ready to face the challenges up ahead in running a business. Business needs time and patience to bear fruit. My partners all quit halfway and even 1 partner quit at the beginning of the journey.

Hope you have a good experience in running your business.

Using CC is one of the most dumbest tactic, and you are one lucky dude.

The risk is indeed very high but it is still possible, I have friends who managed to go through as well. But yes he blown all the cards he have

Just simple question but I sure most people out there still wondering about this

Do we need business license even for small business ? and how / where to get it ?

Is Bank Loan the only option we have as our business starting capital ? Can we loan money from other agency ? Which one better choice in your opinion ?

This post has been edited by Sifha238: Jan 3 2010, 08:35 PM

Yes. Technically you need business license for business. Some choose to operate business at home without using license. But if you tend to widen and advance your business to advance advance stage, you need business license.
If you are doing small business, you can opt for trading license whereby you can register it at your local council.
If you are doing medium/big business, best recommended to go for a sdn. bhd.

Bank loan is not the only option in starting capital. There are family, friends, partners, capitalist, agency, and etc.
For starters, it is better if you use your own savings. If you don't have savings, go and ask support from your family & friends. If you family & friends do not support you, look for partners to invest capital. If you can't find partners with capital, look for capitalist. If you can't find capitalist, search for agency/bank to finance you.

Ultimately, there is no fix fules in financing a business. As long as you can break even your business, it will be fine.

This post has been edited by edyek: Jan 3 2010, 09:27 PM

still no respon for this !

I'm thinking of doing something which does not involve hiring workers at the moment. Have own office lot which is not rented out. Perhaps I can use it for my own business but I don't know what to do yet

actually what bro eydek said is very true, that's the problem that most of the business owner facing. Nowadays, really hard to get local ppl cuz for example fresh graduate not willing to lower down their salary requirement, working attitute not so good lar...bla bla..

i come from interior furnishing line, i also hard to get local young man to work, they think the work is very hard and want to work with aircon environment like shopping center.

as a businessman, our main purpose is to earn money. but this time i really stay firm with my position not to take any foreigner as worker . i don't mind paying higher to local ppl.

all back to the basis, this is our goverment policies problem. seems like until today, they still let this scenario rolling!!

Like a lot of forumers, I sick and tired of working for others and want to start my own business one day. But I'm also not sure what business to start yet

That one was what I posted earlier...not edyek. But whatever it is, there's still no solution !

You can always start One Man Show & not neccesary need an office lot to start a business. The key is are you READY and KNOW HOW to start a business. Always remember to start small & growth big. Before you start a business, ask yourself do you know how to CREATE & CLOSE a SALES. Dont ever RUSH into business. IN fact business takes longer time to generate SEEDS which people think (3-6months) is sufficient, IS NOT....It can be YEARS. You must be very competent on how to manage your CAPITAL.

People always think to start a business, i MUST have a company registered, a shop lot, a website, and all this already becomes a burden to them when they havent capable to generate their first CENTS for their business. You can think of above when you see your business at a potential stage of growth. Dont be SILLY, you have a office shop lot, you will get SALES.

Just my share of tought.