May 5 2006, 11:30 AM
QUOTE(dreamer101 @ May 2 2006, 08:24 PM)
Xtorm,
In general, small business failed because they expand too fast and they run into cash flow problem. Why do you need 20K to begin with?? At most you only need one CCTV system to demo. You can even offer a special price to your friend's father shop to install that CCTV for him. He can have the CCTV and you can demo it live.
The rest of the stuff that you need is some brochures, business cards, a table.
A CCTV at retail is only RM3,888.
Do not start big and put yourself into a big hole.
Dreamer
totally agree with dreamer there. perhaps threadstarter should consult your close family members and get their opinions too on this matter. dont simply make your own decision and start off with the 20k loan! if you cant pay back then your whole life will be gone. i know many ppl out there will RUSH to own their own business and be their own boss but many things cannot simply just rush.In general, small business failed because they expand too fast and they run into cash flow problem. Why do you need 20K to begin with?? At most you only need one CCTV system to demo. You can even offer a special price to your friend's father shop to install that CCTV for him. He can have the CCTV and you can demo it live.
The rest of the stuff that you need is some brochures, business cards, a table.
A CCTV at retail is only RM3,888.
Do not start big and put yourself into a big hole.
Dreamer
business isn't easy and also must be very careful with the person that doing socalled "partnership" with you. as we all know money is a very powerful elements and even family members will get into troubles as long as money is concern.
my advice to you. go slowly dont simply RUSH!
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