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

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happy4ever
post Mar 13 2010, 11:08 AM

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QUOTE(edyek @ Mar 12 2010, 10:22 PM)
@Wangan.

It's good to see that you start early and have earned a decent money. Bear in mind that, you need to strive harder in order to get to a higher height.

Anyway, doing contracts for government/big companies is a good thing. Just remember to keep your cash flow as liquid as possible. You never know when they will hold/delay/freeze your payment. I myself is undertaking government contracts, and I only take what im able to chew. If my cashflow is not able to cater for 3 months emergencies/contingency fund, I will not consider taking the contract.

Good luck.
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Most of the time, government contracts don't earn you much. IN between a big bulk of money goes into people's pocket, leaving a small amount for the contractor to work on. Thats why you hear about leaking buildings and cracking highways.
happy4ever
post Mar 13 2010, 05:54 PM

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QUOTE(SKY 1809 @ Mar 13 2010, 04:54 PM)
Most SMEs  that I know of cannot afford :-

1) Political link
2) Government link, and or
3) Police link

Costs exceed benefits in the long run. And Cashflow is another matter to look into it.

Even Bankers avoid loans to political links.

And there is no law to say that SMEs are guaranteed to be paid by Big Companies. And do provide some budgets for the worst case scenario.
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This you are wrong

SMEs can get government loans and grants easily if they are Bumi companies.

There are lots of pinkunicorn companies floating around with MSC titles and demanding millions every year for some crappy product they are supposed to do. And most of this which involves millions, also involve politicians in between, else they cant get that much money approved.


Added on March 13, 2010, 5:55 pm
QUOTE(boringz @ Mar 13 2010, 05:09 PM)
Yup, it's about the price.

Sending items using agents can get you special quotations that you can't get from those logistics directly, that's a major plus.

Oh yeah meanwhile,

Anybody wants to send anything? MSG ME! tongue.gif
*
I want to send emails.

This post has been edited by happy4ever: Mar 13 2010, 05:55 PM
happy4ever
post Mar 13 2010, 07:18 PM

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QUOTE(SKY 1809 @ Mar 13 2010, 06:40 PM)
Sori, I do not have any associations with these group  of companies,  a in way quite innocent.

But I just read  an article saying wealth created over the past 30 years or so by using this method  , only 3% increase the almost.

http://www.themalaysianinsider.com/index.p...90-dump-the-nep

If you intend to use this method again and again , do expect another 3% growth for the next coming 20 years.

Of course , some could do much better than others even if they do not go into businesses.

And I refer to Real  Wealth Creations > like those real efforts put in by the China or Indian men, and many others.

And by the way, do we need another 50 years to do test  run on another Policy ( NEM ) coming soon ?
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No

you're saying MOST SMEs cannot afford
1) Political link
2) Government link, and or
3) Police link

of which itself is already incorrect. You're assuming business owners do not know how to network with people of high social/political standings.




happy4ever
post Mar 14 2010, 05:23 AM

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QUOTE(SKY 1809 @ Mar 14 2010, 12:04 AM)
You think you got me wrong.

What I mean the Costs to network these high flying political people would exceed the benefits in the long run.

As you said earlier, if you factor in these networking costs , actual costs of putting up   a  proper Building  would exceed the profit. So earning a super thin profit.

So a possible of making money is to do less networking . Perhaps cutting down rom 10 layers of networks  to 2 layers to save costs.

And Not every networking that you do would produce good results, you still need to do some proper filtering.

Even you could get lot of business from networking, there is no guarantee that you get  prompt payments or paid at all.

So another round of begging , goes go and go.

Eventually costs are exceeding benefits, by a big margin.

Otherwise,  buildings would not collapse so easily. There is nothing wrong with networking here. It is high cost per se.

In short, they just cannot afford  the high costs of Networking. Not the problem of they do not know how to do.

And If you could write a book on how to Network effectively ( with min costs ) , perhaps  could potentially a  Best Seller in Malaysia.

You could also save many buildings from crackings or collapsing.
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Its not about the cost to network with such people.

Its about not having your priorities right in the first place. There's nothing wrong in networking with such people.
If you honestly think it is not worthwhile to go ahead, then pass it back. smile.gif
Its only when you are greedy, knowing the implications, yet still proceed ahead to undertake the project, then you'll have trouble.

This post has been edited by happy4ever: Mar 14 2010, 05:23 AM
happy4ever
post Mar 14 2010, 10:44 AM

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QUOTE(SKY 1809 @ Mar 14 2010, 08:45 AM)
I get a bit of confused when people talk about " GREEDY "

But, I do believe what W Buffett says  about " Greedy " is the correct one , and I always believe so :-

Be Fearful when people are Greedy

Be Greedy when people are Fearful.

I put what he says in practice, and it works for me., though more fine tunes  have to be done.
Yes, it is  not so simple and straightforward as the words may sound. As you say, there are implications, I also agree 100%.

That is why I think and believe  he ( W Buffett )  is right. and  Knowing who to trust and who to believe is very important for me.

Not sure of others.
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Yes, I agree with you on that too happy.gif

I have not moved on to W buffet yet though. Pretty slow reader myself tongue.gif

I've read carly fiorina, and now at richard branson (darn thick book), and next would be W buffet. I love biographies.


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