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 For Small and Medium Business Owners, Come In and Share Your Biz.

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hackwire
post Jul 8 2010, 06:25 AM

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did anyone knows the photo and video studio business capital start up?
a small studio for taking family photos and children.

in my mind i expect about RM 40K setup including shop rental deposit , equipment and renovation .

manpower: 2 partners, 1 photographer,1 designer, 1 admin clerk cum customer service , Sales Exec

Staff salary: photographer (RM 2K), Designer (2K) Admin (1.5K) Partners ( 3K each) Sales exec (2.5K)

Monthly expenditure: Salary, Cost and Rental estimated at RM 20K .

Is my budget reasonable and salary payout is fair?

This post has been edited by hackwire: Jul 8 2010, 06:26 AM
hackwire
post Jul 8 2010, 09:39 AM

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Thanks edyek,

I get a pretty good idea of your accounting. I believe RM 40K start up will not be enough including the business cooling period i say about 3-6 months.

Moreover, we feel that the location have got to be visible and also ground floor with ample parking space. So shoplot rental will not be so cheap already.

We are looking forward on professional studio so we cannot compromise on good location , staff and equipment.

Renovation and Furnish: RM 35K
Equipment : RM 20K
Rental Deposit: RM 4K per month ( 12K -3months)
Utilities Deposit: RM 1K

Total: 60K

Staff:
1) Management Director @ RM 3K
2) Sales Director @ RM 3K
3) Photographer cum Designer @ RM 3K
4) Sales Admin (female) @ RM 2K

Misc: RM 3K
Rental : RM 4K

Monthly Costing : Staff + Misc = RM 18K

6 Months Grace Period : 108K.

Total Capital Startup @ RM 170K

hackwire
post Jul 8 2010, 12:32 PM

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thanks guy, i just want to ask one question? When you think of photo shoot studio around KL and PJ, which company name that you can memorize and will go there to shoot and process?

i know there's a lot in town but can you think of any shop that you will always visit because 1) Pro 2) Service and 3) Quality

Price is subjective so not worth comparing ...

hackwire
post Jul 8 2010, 01:17 PM

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QUOTE(gs20 @ Jul 8 2010, 12:36 PM)
@hackwire

Is 20k really enough for the equipments? May I know what are the equipments you plan to get for a studio? AFAIK, a D3x alone already cost > RM 20k

@edyek

She'll look like a fool if she dump the gold mine.
*
Maybe not so highly cost of equipment but some SLR cam, Tripod and lightings. Some of it will search for second hand.
also some computers. So i guess i need to push up the cost of equipment to RM 30-40K on the safer side.
hackwire
post Jul 24 2010, 06:54 AM

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im now in the midst to plan my new office. i read about some virtual offices for businesses and also some office space for rent. Have you guys seen any of this offices around before?


hackwire
post Jul 24 2010, 09:44 AM

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thanks edyek.
i have a friend who wish to join me in partnership and i do enjoy his company to work with together but he does not have enough dough to start with me so i thought maybe i should fork out the initial setup like registrar and other small finances that will incur , later i redeem back from the Sdn Bhd as loan taken from me.

Can i know roughly how much is the registering of ROC and also secretary fees per year? Is the secretary job includes accounting and auditing?


hackwire
post Jul 24 2010, 11:51 AM

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usually if a friend becomes a partner 50-50 percent. is there a term and agreement or contract need to be sign or take a oath by two directors of the company? i know partnership business in sole proprietor business its better to draft a agreement in case one fellow have personal debt and the partner of the business became liable for it. how about Sdn Bhd, are they the same or pretty much bounded by the legal aspect in the ROC law if there is any?

This post has been edited by hackwire: Jul 24 2010, 11:52 AM
hackwire
post Jul 24 2010, 01:30 PM

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thanks edyek. I have found out that our govt also conduct courses for corporate directors . In their SSM website have lots of courses and planning to sit out to gain deeper knowledge.

on the accounting part, we need to hire someone with business license right cannot be freelancer right?
we were thinking getting freelance to do compilation and monthly bookeeping and when end of year only we seek auditor to do the balancing. Is this correct way rather than hiring professionals since our receipts and transaction might not be so much yet.
hackwire
post Jul 24 2010, 11:18 PM

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QUOTE(YuNGSeNG @ Jul 24 2010, 06:50 PM)
I do have contact with virtual office and service office as last times I was headache to find office space to rent, after research to all of them, now I'm able to know the basic pro and con of each different office space provider.

Maybe you can state what is your prefer location, rental budget and any requirement ? I try to come out some idea for you.
*
im kinda confuse now with virtual office and the office space rental ( shared ). I didn't know there was such thing. What's the Pro and Cons now? I understood that Sdn Bhd registration requires office address , so how can virtual office or office space can help in registering a business?

im looking for location in subang jaya or anything that don't cost a bomb near PJ . i kinda like empire soho but wonder if they have such office? Another place i like is mutiara damansara , i wonder if the one next to cineleisure open and have soho offices?
hackwire
post Jul 26 2010, 04:02 PM

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QUOTE(YuNGSeNG @ Jul 25 2010, 12:22 AM)
For your case (SOHO), I will think virtual office or serviced office is the best choice. Both Virtual office and Serviced office can help you in Sdn Bhd registration as both of them can provide you office address.

Based on your case, if you choose subang jaya or mutiara damansara area, in there only have normal office space, which mean you have to renovate your office and buy office furniture yourself. However, I will suggest you to take KL bukit bintang area virtual office or serviced office. The reason is cheapest and perfect location. And you do not need to renovate the office or buy office furniture. I try to give you some clear picture of what is virtual office and serviced office to clear your confusing.

Virtual office
1. You do not have "real office space" but you will have your office address. For example, you become tenant of ABC company (virtual & service office provider). Then you can rent their office address.
2. As mentioned, you do not have "real office" but you can enjoy their office business lounge. All the virtual office tenant can meet their client in the business lounge.
3. You have your own telephone line. For example : 03-2116XXXX. Any client call to this office number, the line will convert to your handphone.
4. If any letter post to the address, the customer service girl will help you keep it and inform you. Therefore, you can always go there collect your letter while meet client in business lounge. Or you can go to collect your letter when you got pass by there.
5. Free refreshment at 3.30pm in business lounge.
6. Free unlimited water, coffee and tea.

Rental around RM 60 - RM 100 per month. Depend on the package you want.

Serviced office (All these are included in the rental)
1. Own office with your own key include few tables, chairs, cupboard. The amount of furniture is depend on your office size.
2. CCTV around your own office outside only
3. Business lounge
4. Cleaning office everyday
5. Meeting room
6. Boardroom
7. Discussion room
8. Free refreshment at 3.30pm
9. Free unlimited water, coffee and tea
10. Gym & bathroom (No problem for overnight as you can bath in here)
11. Electricity & water bills
12. Free telephone & telephone line 03-2116xxxxx only (charge if you make call)
13. Free fax line 03-2116xxxxx only (charge if you fax somethings)
14. LAN & Wireless
15. Free receptionist for your client phone call before pass to your office phone
16. Security guard

All is include in the rental per month

Example :
Rental : RM 800
5% Gov tax : RM 40
So total you have to pay RM 840 only

The rental amount is depend on the office size you request. The bigger size, the higher price of rental.

If need help, enquiry or want to take a look of the office, I'm welcome to help you based on my experience.
(But I'm not sales person or agent)
*
oh thanks for this info. im greatly appreciated your write up.
As for now i think virtual office is great but i need to get a space for my business as it concern photo shooting studio. I just realized that.
hackwire
post Jul 26 2010, 10:16 PM

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QUOTE(YuNGSeNG @ Jul 26 2010, 06:08 PM)
You're welcome  smile.gif
Mind to share what business you are plan to started ? A photo shooting studio ?
*
yeah a studio of my own work so i just need a small space for setup the photo stage and background . most likely my budget will be very low around rm 800 . a small soho office will do . im currently searching around damansara perdana area or shop offices .
hackwire
post Aug 16 2010, 09:52 PM

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lecturers are boring because they never even run a business or open a shop in reality . they are just book worm that's y student fall asleep as they lack real experience and story to tell. So now , do u still want to believe college here is really the stepping stone??


Added on August 16, 2010, 9:53 pm
QUOTE(boringz @ Aug 16 2010, 03:06 PM)
hitler is inspiring and charismatic! hmm.. damn. he's good.
*
missionaries and gods messengers of the past too.notworthy.gif

This post has been edited by hackwire: Aug 16 2010, 09:54 PM
hackwire
post Sep 14 2010, 12:51 AM

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Do you guys think digital photo printing is a good business? I mean can you think of any good shop to print and bind photobook? Would you go to photobook store to print your photos ?
hackwire
post Sep 14 2010, 07:44 AM

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i say don't start with so many partner . you will lose your friends so young that you cannot imagine when all of you are put in one kitchen.

if u love your friends or family, do make them your partner.
hackwire
post Sep 14 2010, 12:05 PM

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you can always hire someone like me to provide marketing and consultation if you want.
I can do a report for you and locating finding that suit the type of business. Pm me if you want to engage my service. i can charge a very nominal fee that will put your goal into action. smile.gif

This post has been edited by hackwire: Sep 14 2010, 12:06 PM
hackwire
post Sep 20 2010, 12:53 AM

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MEGAWOON contacted me thru Pm to gauge for details but he is not serious about his own business plan and not willing to go for it. he didn't reply back. sometime these people just asking questions here for the sake of it but nothing transpire.
hackwire
post Sep 20 2010, 11:13 PM

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what are the things people not willing to do anymore is good business.
In Singapore there are already people opening Baby Spa. Can you imagine that. did i just share new idea ..oops.

there are pets hotel too. how about dog sewage tank or laundry for cats and dogs.

how about servicing like Pony Rider. Plenty of new business opportunity .
hackwire
post Sep 21 2010, 09:03 AM

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i just want to say this.. who can imagine IPhone can be developed by Apple and now threatening the rest of the h/p business? they came from the MP3 and video segment in Ipod and make their way into phone than now the Ipad where they saw segment in Ebook and entertaiment with touch screen.

Nokia, Sony , Samsung are all struggling now in the race as Apple are always good to pinch the heart of the consumer. they knew what is impulsive and sub conscious buyer.

If u want to do a business, think what size , what shoe pad, what purpose of the shoe of the consumer ... u will very close to selling at least 1 to your customer. 1 become 2 and 2 become 4....
hackwire
post Oct 19 2011, 03:54 PM

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need to know usually when someone introduce you a client, how much commision is markup for him?

hackwire
post Oct 19 2011, 06:44 PM

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what if it's a design business and printing work. for eg. design fees and web designing.

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