At the end of the day, passion is the key and the rewards will come later.

Where there is passion, time flies. If money is your main consideration, dont do it.

Anyone know good & cheap suppliers? please pm me

Hmmm...very general. what kind of suppliers you looking for?

Specify the location as well. You got to calculate the total cost.

One Man's Meat is Another Man's Poison

I was wondering which you're replying to "Specify the location as well. You got to calculate the total cost." ???

Assume sell 200 plates per day and rental is rm1,200, then cost per plate for rental is rm0.20. Assume also need a helper because impossible to sell alone during peak hours. Assume salary is also rm1,200. Thus, cost per plate increases by another rm0.20. NET PROFIT is rm1.50 per plate. This is 33%. Assume 5% wastage and NET PROFIT margin is 28% or RM1.25 per plate.

If want to earn rm8,000 per month, then need to sell 6,400 plates a month or 213 plates per day. Chicken rice mostly only sell for 2 hours lunch time. This means every minute must sell 1.7 plates. Is it easy? I think it is quite hard.

Maybe should look for food which can sell at least lunch and dinner.

I see that you are very entrepreneurial. I am not a hands on person but would like to invest in a business. I will however monitor from financial standpoint. If you are open to discussion, pls pm me. I am looking for easy going partner who is hands on and see if we can work something out.

If your location is at KL, no point for me to intro a place in Klang. even if it is cheaper by a bit, the cost of transports exceed the savings . Sorry for making it too short




In fact you need at least 2 people if you want to sell that volume. 1 chopping chicken, 1 prepare rice and 1 serving and cleaning. However sales does not only confined to lunch peak. I knew a guy who sell lunch at 1 place and dinner at another.

Fact and Figures are there. Just need to figure it out in detail. Furthermore, I'm in finance industries. As to partnership, it would be hard to be in such partnership, this industry depend on skills heavily. Human's greed is the worst thing that can ever be controlled. Unless you have strong human management skills or have deep knowledge in the industry. I would advise not to be a sleeping partner. In most cases, once the "Partner" started to see profit, normally they would end the partnership and start on their own. Unless you are willing to be an angel investor. (Nothing wrong with this but you dont earn the long term profit. Short and high is good enough)

Money is source of Greed. Greed is a Sin in every Human.

A special facts for all F&B newbie, 90% of F&B business fails within a year. (Dun shoot me. I got this from some Factbook and it takes data globally)

I'm open for discussion. If you have interest after reading the above, we could work something out. or just a simple discussion without involving any business is fine with me as well. I love exchange of thoughts.

nt trying to discourage bt read today's newspaper in starmag... says the experience a woman went thru to becoming a hawker and not making it thru...

u should read it too to get a glimpse of her day as a hawker...

Hardware: Cart, cooking tools, serving wares & etc

Raw material: Meat, vege, sauces, beverages & etc

Thanks

I went through the story, it seems like she's operating from a foodcourt. If you read through again you can find a few weaknesses why her business failed badly. But again, at least she tried than to regret guessing her whole life. She may have lost money, time and opportunities but this experience had her see life from another point of view. Things that she might have overlooked sitting comfortably in the office. I am impressed.

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Added on July 11, 2010, 1:35 pmdeeplyheartbroken is most certainly looking for a new startup.

This post has been edited by pinkantelope: Jul 11 2010, 01:35 PM

Each and everyone does their accounting differently. I have been running a stall for some time already, in order for me to make RM9500 in profits, I just need to sell 150bowls per day. So a good location will determine everything.

this is the same as saying "why eat when u r going to be hungry later?", "why take medicine when we all going to die anyways", etc

if u failed in doing sthg, doesn't mean everyone will fail too. just bcoz it wasnt the right path for u, don't discourage others to do the same. why can't we share our experiences with each other to let ppl with less experience in the area to gain from ur past experiences and failures?

does dragging other ppl down make u feel better? so u won't feel so bad about failing?

seriously, think about it. if Thomas Alva Edison had the same thinking as u and gave up at his 999th attempt, we will all still be using fire as light sources instead of electric lightbulbs.

failure shldn't be labelled as a bad thing. we all learn new things everyday. so what if we failed in one thing now, the important thing is to learn from it. if TS (or anyone for that matter) wants to do it and is determined to do so, she shld go ahead and try. her views in life and how willing she is to work hard are most likely different from urs. why then, wld she have the same results? everyone is different.

like u said, it's HARD WORK. if someone is willing to copycat it and become successful from it too, why not? it's still all due to their hard work to make it successful. u ald implied explicitly that not everyone can do this. so, how many copycats u think can survive?

why all the negativity??

u surely don't know much about cooking as u can say chicken rice is easier to make than chicken wings.
chicken wings u need to marinate and leave for few hrs only after cleaning the wings. then when u open stall, u panggang the wings while u get orders.

chicken rice--->clean and cook chicken, cook rice, prepare chili sauce/garlic, cook soup. even without going through the processes, u ald have more than 3 things to prepare for this.

btw, it seems like u just like to simply pour cold water on ppl in this forum. there're better ways to disagree with ppl without being so aggressive and unnecessarily negative esply when talking to ppl who are sharing their aims and goals in life with us here publicly. to me, this is quite a personal thing to share in public and i really appreciate reading about it.

i'm not trying to say i'm a better person or anything, but the very least we could do is share some ideas and advise these ppl who are brave enough to share their goals with us so we can guide them in their chosen paths as much as possible. esply those who failed before from the same thing. we all can learn from the past experiences. nothing shld be a mistake if u can learn from it. an experience is only a mistake when u stop trying.

being a bitter person will not help u go through with life easily. whatever that happened to u in ur life to have made u so bitter and negative shldn't be the only reference u have to give advice to ppl. pls remember that.
that's his assumption about chicken rice being easy. u ask him lar.

don;t tell me u also think rojak and chicken wings need so much special skills to make.
unless u want to make everything urself, of coz ur recipe has to be good enough for ppl to buy.
then u need to do some proper research on perfecting ur recipe.

skills are just whatever u know put into practice over and over again until u are used to and good at it, isn't it? we all don't learn to walk/swim/cycle/etc when we're born. don't forget: all those are skills too.

read properly before u answer and fan trigger-happy flamers.

You sure are something, I just can't help but to agree with you. Boy, you're really positive - just keep it on. This is the first step to being successful. Positive people attracts positive energy. Life is short, and you only have one chance to do the things that you like. Give it a shot, you don't wanna be telling yourself at the age of 60 that you should have tried. Why keep yourself guessing? Go find the answer.

Salute Lexiqa!

lexiqa,

Let's look at this two different POVs.

A) YOUR ASSUMPTION

People are AFRAID to try so that they could not succeed at anything.

B) MY ASSUMPTION

People always try MANY THINGS but NEVER stay at ANYTHING long enough to be SUCCESSFUL.

<<skills are just whatever u know put into practice over and over again until u are used to and good at it, isn't it?>>

So, it is NOT as easy as you just buy EVERYTHING from supermarket and just assemble.. It requires SKILL and /or HARD WORK.

And. let's be REALISTIC here. For anything that is SUSTAINABLE BUSINESS, a person has to EXPECT COMPETITION.

YOUR BELIEF is (A). People just need to try and they will be SUCCESSFUL.

MY BELIEF is (B). The PROBLEM is NOT about TRYING. It is LACK of FOCUS and EXECUTION.

The QUESTION is in general. Is (A) or (B) more prevalent??

A person could be SUCCESSFUL in job, business, or whatever. A person could be rich selling Wanton Noodle, Chicken Rice, or whatever if they are WILLING to put in the NECESSARY EFFORT in order to be successful. Now, if a person COULD NOT take a little bit of COLD WATER from someone in a forum, that person has NO BUSINESS to do this kind of stuff. The REAL WORLD is a hell lot tougher.

Dreamer

Cassidy90, i'm not really a positive person actually.
if wanna break it down, it'll be 75 poisitive-30 negative. sometimes even 60-40...... i learnt to tell myself everyday to be more positive about life.

i have failed in many things in my life too. (well, "failed" according to other ppl's views lar.
to me, i don't think i really failed, i just went through a longer route to get to where i'm "supposed"/want to be.)
but the more i think back abt it now, the more i'm glad that: if i didn't go through all those failures, i wouldn't have learnt much in my life and be quite naive and protected from the world.
furthermore, if i were to fail in a later stage in life without all these experiences, i think i would have crumbled and fall even worse coz i wld not be as strong and able to withstand all that.

i'm glad for all those life experiences, be it good or bad. although some are best forgotten

let me share something one of my favourite authors have said that helped me everyday in my daily challenges.


some good quotes to help u have more faith in life


of coz there're many more. do put up some in front of u where u can see everyday to help u keep going when it's getting tough esply when ppl are criticising ur life choices. there's never right or wrong in life, just how u want to lead it.

i managed to have a better outlook in life only from the many ppl who put their faith and trust in me all these years. without them, i'm sure it would have been a tougher uphill battle up a mountain of knives

i do still have a long way to go. i hope i can do it.

i also sincerely hope and wish others can achieve what they want in their lives for themselves too. even if their aims are so outlandish/weird/far-fetched to us. we can never be fortune tellers for ourselves let alone others. who are we to tell ppl that they can't achieve sthg? we cant even say what will happen tomorrow even in our own lives.

i just want and hope that more ppl are willing to share their experiences with others so we can all learn from each other instead of telling them "no, u can't do it bcoz i also failed before" as this is not finding a solution but showing them a dead-end road that is not there.

one person's failure can be another person's learning curve.
pls understand that there's always a solution to a problem. whether u want to take that option, is ur choice and urs alone.

thanx for listening to my rants.
---------------------------------------------------

did i say no need skills and hard work?
competition is everywhere so be it. which part of my argument or even TS's comments said there's no competition from other ppl in the first place??
even at a low-paying job, there's still competition, just more or less amongst different demographics of ppl.

how is giving up=focus and execution i would like to ask??

didn't i point out skills are acquired from constant practice?
doesn't this means focus and determination and the right execution?
isn't constant practice=keep on trying= part of success?
what is it that u want to point out?

my example of assembling from supermarket, LIKE I SAID, was applicable to only rojak and chicken wings. not everything. stop being presumptuous.

ur definition of "successful" cant be everyone's definition of successful.
maybe one person just willing to put in as much hard work to earn 5k a mth as a hawker and he thinks he's successful ald. can u tell him he's not when he's able to provide well for his own family's basic necessities??

if u can't take a few ppl disagreeing with some things u say in a nice way in a forum where ppl discuss and debate over matters, then u can't be living in the REAL WORLD as well, coz there're lots of ppl who don't form the same opinions as urs.
u need to accept not everything u say and believe is the only way or applicable for everyone.

let's just agree to disagree. i've had enough of ur negativity and roundabout "debates".

This post has been edited by lexiqa: Jul 13 2010, 06:44 PM

Be cool guys. It's just different people with different views. No right or wrong. At the end people will still do what they think is right for themselves. chill

Seriously, it all narrows down to the person him/herself for being what they want to be, and go where they want to go, or just stay inside their comfort zone.

GUY. not guyS.

only one person being stubborn and hot-headed here wor
my point also.

no use keep saying it will fail and think about all the negative things that will happen. just be prepared and when it comes, handle it.

just do it.

Anyway anyone been to Taman Mayang foodcourt? Where is it? Anything nice hawker food there?