Hi guys, do you think venturing in PSP / PS3 / XBOX / games and etc. a good business?
What are the comments you guys have for thes kind of business?

Dear Jordy, thanks for replying. But at the moment, I really have no idea on how to study the market and know the market as you mentioned. At the moment, I'm working for a corporate and I have about 100k in my saving now and I'm thinking of generating a better income as I need to settle down into marriage since I'm already 26.
Everyday I had been thinking hard what business i could invest in and i dont want my money to just rot in the savings. As for now, i'm thinking in selling gaming consoles / gaming peripherals. But i have no idea whether this business is profitable or not.

Thank you boringz for the reply. I'm doing fine in my current work. I dont plan to quit me current job to open business. What is in my mind is, i plan to do a side business while keeping my current job. I have a fren who are not working, I'm planning to venture a partnership with him. He will look after the business during the day and i will come after my work.


Thank you again Mr. Jordy, for replying. I guess I understand what are you trying to convey to me. Setting up a business is never an easy matter. I guess one of the most important element is decision making. Like in my situation, I really do not have the guts to quit my currrent job and jump into operating a business. I guess I'll only dare quit my current job if the business i'm running is very much successul. Actually i'm planning to venture into a business which will cost me at least RM300k in about 3 years time from now. So i have a thinking of, why don't i try to run a little business to gain more knowledge before I venture into a higher capital one. I had considered cyber cafe and computer preipheral shops, but after listening to the feedbacks here in lyn forum, I guess I wont be investing into them. Btw Mr. Jordy, what is the amount of money you would suggest to use in the very first business? As well as, could you please suggest how much money should be prepared as cash flow/roll for it? Also, averagely how much nett profit should a business earn perday if the rental is RM3500 (utilities and salary included)? Also, lets say I use RM50,000 to open a business, how long should am I suppose to get my ROI back (considered it is a sound business)? Sorry Mr. Jordy, I'm aint a MBA or finance student, regreted not taking that course.

This post has been edited by liyonglim: Mar 30 2010, 12:13 AM

Dear Mr. Gchowyh, thanks for hearing from you. Needless to say, i fall to the first category. I dont have the guts to quit my current income and i'm not interested in direct sales and mlm, just dunno why.
Btw guys, RM60,000 as initial capital (franchise as suggested by Mr. Jordy), then the montly return is RM1,000. What do you guys comments? Thank you

This post has been edited by liyonglim: Mar 31 2010, 11:33 PM

PM u to explain the business to you
Thank you

Relax guys, its just a normal business. Is not operating petrol station or cyber cafe business. Furhermore, I also do really hope with RM60k i can have very lucrative business plan as mentioned by edyek. I plan to start up a business with RM60,000 as initial capital. Then i do franchise to help me with stock and management assistant. And the estimated minimum nett profit each month is RM1000.

This post has been edited by liyonglim: Apr 1 2010, 03:20 PM

Thank for the advise 2222fx. But sometimes i do believe, if we are interested to have a business ourselves, we HAVE to start from somewhere right? We actually can't avoid and don't take risk everytime, I guess we should learn how to manage the risk involved. Moreover, in order to excel in a field, definitely required hard work, up and down and most importantly a learning process is always required.
Also to be honest, I also know that the profit percentage is kinda low, but what can i do. There is some business can get more % profit but that business field i'm not specialized with. Some field can get high % profit but the risk is higher. Sometimes, its very difficult to get a perfect business to invest in. Or do you have a suggestion please?

Anyway, no hard feelings, also thanks for dropping by a reply here too. Thank you

This post has been edited by liyonglim: Apr 2 2010, 03:20 PM