I am introvert type of guy, therefore not many friends, i would say most of my friends are like 99% 'worker type' (work-sleep-marry-child-vacation-pension)

Not really i am not doing by myself no? yea maybe i am lazy or havent thought of anything great or probably i cant do it (i dont know)

but i am really into looking for someone who has the potential and have lots of ideas in mind just doesnt know how to execute it like me. Besides Group>personal in all aspects.

hey bro i share the same passion and goals as u...im introvert as well but i slowly getting to know more ppl who dowan to b trapped in the rat race...but location might b troublesome..im in penang..i guessing u r in somewhere in KL?

This post has been edited by yamasce: Nov 12 2013, 03:14 PM

It's good to have a business idea/concept. But lack of capitals to execute it.

Hi to all sifus and everyone who are reading this, would really appreciate if you guys are willing to spend some time to read this and give some opinions/feed backs.

I worked in f&b line before this(my choice), studied overseas and came back, worked a couple years in reputable restaurants, and just recently quitted. The reason I quit is because its taking too much of my time, tiring, health become worse, no time for family and so on. I can't see myself continuing in this situation for long, the passion slowly goes of when problems kicking in.

I went on to take a course to be a certified ACE(American Council on Exercise) Personal Trainer, and currently waiting for the exam results. Sports have always been in my life, and I would want my future to be related to sports/fitness/health as well.

And then I have a thought. Since I play badminton with my high school friends sometimes, why not I provide them free coaching/training(I'm a former state player). I think it's a good way to build stronger relationship with friends and even networking.

And then slowly from word of mouth/friends introduced, if there's group of ppl who wants to improve their health overall, I will start conducting maybe boot camp style fitness sessions, for free, or minimal cost I don't know yet. Because I was thinking that maybe there are many ppl out there who would like to do some exercise, but doesn't want to pay the premium price, and I'm just trying to make things happen for them, or as a way to contribute to the society.(don't know why already thinking of contributing to society even before I earn money, maybe read and saw a lot of news on bad things happening on other ppl, made me feel that even that I'm not rich but I'm already very much luckier than many other ppl out there).

And later on when I'm known by more ppl, I will take in personal training clients, but this I will charge because it's like one on one and the programme is specially designed for each different individual.

My reasons/objectives for all this is to know more ppl, make more ppl know me, build a big network, contribute to society, and leave something for ppl to remember about me when I'm not here anymore*touchwood, or like ppl say, creating legacy.

So could you guys give some feed backs and opinions regarding this, do you think this is workable? Or will I be bankrupt even before I start earning money? Is this not practical at all? Thank you in advance...

yep, around KL/PJ area.

Hi all,

Need some opinion.

My dad & him brother had a land. Lately my uncle inform my dad said he want to invest by building few room space for rental.
Because nearby area gov building a big O&G Project, so many outsider coming for rental.

Cost : RM35k for 3 room
Facility : Bed, Air Cond & Share Bathroom
Monthly rental : RM800 per room, including water/electricity
Target customer : Long term for worker in O&G nearby

Investment cost return : 1.5-2years

I thinking for long term investment if constantly able rent, I will reinvest the money to build up the area (Land is big, 4 hector)
My uncle will help me manage the area as he just stay on same place.


My question as below
1. Does I need to register as business(SSM) for expenses & budget control? (Does SSM is the correct path?) http://www.ssm.com.my/en
2. The initial cost will only from me, I had verbally discuss and agree with my uncle, all initial investment will return to me first. Once clear, he will permanent get certain %
Does we need an agreement to protect me & him?? (through lawyer firm?)
3. I'm thinking related utility/bill will register under above business, so we able tracking how expenses claiming.
4. Any other miss out area?

hi all,

any good idea of start a business with rm50k lately?

lol any business experience? any good idea? if u dun hv i suggest u start by learning and/or JV with other experienced ppl 1st..or if dowan so hassle can invest in multiple channels..im doing abit of both..u can pm me if u r interested to know..im willing to share with u

hi all,

I'd like to enquire about the maid agency business in Malaysia.
I understand the business requires a license to operate. Anyone knows about the license, how much it costs, renewal period etc?

I have an opportunity to maybe purchase one from a relative.

Hi,

Just to let you know, we are also looking for a business to venture in, as an added advantage, we already have an office and storage space if needed. We do not mind sharing our decent office space if needed.

So you or anyone here have an new idea on a new business?

Also, any online fashion/shoe boutique looking for a storage space or office? (as long as its clean and dry items). we are most welcome ~!~

We are Chinese and based in PJ.....

i would say that perhaps you should look for someone that do not reject creative thinking, but do have a practical execution.
personally i will prefer different type of ppl in 1 group, to compliment each other, rather to have a group of creative ppl nor a group of good execution.
i believe either that will lead to nowhere compare to a group that able to compliment each other.

Please do not feel shame on charge client for your service. If you got a method to improve other people health or improve player skill, then don't feel ashamed to take money from your client. You can expand your network and meet friend in this way too, in fact this is better. You able to filter those trying to take advantage & less value people.

Feed yourself before you can contribute to society. If you barely support your minimum living expenses, improve your income before you want to contribute to society.

This post has been edited by LawrenceTan: Nov 17 2013, 11:47 PM

you r making urself as a valuable asset and building a profile your self.
not so easy to go bankrupt, as I believe u r a problem solver person, as u know ur way to lowyat to collect more information.
I believe in real life you will do much better, in addition, your line of business does not need high capital and fixed cost, is convenient.
utilize on ur skill and talent, is almost the best to be working on something that you like, making hobby as ur earning power.

all the best bro !

Boss, how can you become bankrupt before you start earning money? You have multiple loans that needs to pay?

Being bankrupt is about personal finance nothing to do with your enterprenuer ship. I dont think you will need to borrow loans to start up your business since your start up require only little capital or none at all.

And food for thought, are you sure by providing only coaching you can earn a decent income? Or you still need a 8-5 job or other income to support yourself?

Cheers.

Hi all. I was wondering, for items such as video games and mobile phone accessories, do I need any special license or permit to sell them? With whom could I enquire regarding license and permits, SSM?
I've tried searching but couldn't find any info for Malaysia. I did found that license is not required to sell video games in other countries, but I'm not sure about Malaysia.

Thanks.





Services business such as coaching are quite low risk due to the low capital required, it will not make you go bankrupt. If you have the passion for it, go for it bro. Perhaps you could focus on coaching school children, help them develop their potential. Parents are more likely to pay a fee for badminton coaching services for their children, in my opinion. Also some of these children might make it to the international level, like Datuk Lee Chong Wei. If so, you will achieve your goal of contributing to the society.

Alternatively, if you need some side income you could consider attaching yourself to local universities or colleges. They usually have sports subject, such as badminton. They may consider hiring your services, either part time or full time, for both theoretical/practcal badminton coaching. Good luck bro.

Nice thread I will check in often to get inspired.

I am 23 and working as an admin assistant. My salary not much but I manage to save up a little this year.

Currently I have RM20k saving but not sure what to do with it. Thought of going into FOREX but too afraid to take the risk because I am so unfamiliar with it.

Thinking of an alternative, maybe start-up a side business. If have any idea I hope I can share and discuss here. Or if anyone have any suggestion, I am willing to listen as well

SSM is for you to register your company. My friend used to sell phone accessories. Never heard of him getting any special license for this. You can get more info from the SSM office in KL Sentral or The Mall (near PWTC). Malaysia everything is 'hidden'. Need to dig hard to get info lar bro.

+1. The risk for service line is always lower. I think do-able since nowadays seems like ppl is having higher degree of health conscious.

low margin. tough work. average u can sell 100 a day. profit 40 only. weekends can sell about 200-300. that makes 80-120. if u get an office hour job that pays u 2000. i don advise u to sell ice cream, 40x20 (weekdays) = 800. if u sell on weekends is oklo. btw i sell toys on weekends. every 100 u earn 60. average sale per weekends is 600. (60x60=360) 1 month 360x4 weekends = 1440. if u work full time 2000+1440. that is good.

yes. some place offer cube box (rm200-250). my rental is rm450 for about 3x1.5sqft at gurney plaza penang

Means you are working now right?
Ok I get it. Good luck to you