Since the first thread is already over the limit , I decide to open v2 after asking permission from edyek.

This is a place for people to share their questions regarding on running their on small /medium biz or other inquires .

It's ok to ask on how to run a MLM / Direct Selling but please don't spam/promote it here.

My background , currently working in a MNC while selling burgers at night

Congratz on V2 for this thread
Copy & Paste from Previous Thread for continuation

This is a good thread. Indeed a really inspiring thread. Thanks TS for starting it.

I started to read thread V1 a week ago, now I am in 76 page. Never knew I would read that far. Will continue to read.

Anyway I have some questions for sifus here.

I intend to start an online business, feng shui.
Do you think people would purchase from me (assuming I am selling out cheaper than those Big Feng Shui Master shop - Lilian Too, Joey Yap)

Capital : Max RM30k
Type of Business : Trading - feng shui items (Pagoda, money frog, horse, dragon, tortoise, etc)

Person :
(1) Me Myself
(2) My Mom (Been studying in feng shui for more than 5 years, but with one disadvantage - not getting a certificate for feng shui)

No operation/shoplots/manpower cost needed. But will hire someone to create & constantly update my own website.

How it works, I will put a picture on a particular photo. Then I will explain how it works, which direction to put in which year and what kind of things to take note, what can it help. All info free.


All kinds of feedback & critics are welcome Thanks

This post has been edited by kenneths88: Oct 16 2013, 11:32 AM

^
Feng Shui , I think you still need a physical store where people can see the actual goods / consult for advice .

I feel it's more better when people can see what they're paying for rather than getting something that they thought it was.

Even for me , last time I used to buy small things like crystal. I also go survey a few shops before purchasing it .

Actually from what I actually feel, Malaysian is looking for affordable & value for money items.

For example :
Item : Small Pagoda
Feng Shui Shop : RM120
I am selling : RM 80 which include delivery cost.

Quality wise, maybe/may not be the same, but it functioning the same way. Why not purchasing from me instead of those shops?

One good example would be my mom. A lot of feng shui stuff in my house are purchase from other places (not feng shui shop) as it is much cheaper. I guess more than 50% of the stuff.

Secondly, I feel that not everyone willing to step in Feng Shui shop to listen advice from Feng Shui Master in the shop, as they do not know what they actually need. Instead, if I put it online, people would read and may compare it via GOOGLE.

holy crap, that's what I've been thinking of doing for the past few months. I am currently working in an MNC but thinking of selling burgers at night

I get what you mean , but nowadays those people that buys these thing are not so tech-savvy .

If they are , some of those might searched whether if it's real or a scam (the whole feng shui thing , not the product)

But at the end of the day , since it's online , I guess the cost is kinda low to setup .

I suggest ,
1. Provide online consultation
2. Do pre-order with deposit , you can sell cheaper and you don't need to carry a lot of stocks in hand

Gratz for 2nd thread ^^

Just do it bro , if cooking is your passion

I wanted to learn culinary but can't due to financial restraints . Only can do simple home cooks .

A little story on how I started do it ,

Few years back before pork burger was a craze around Malaysia , my friends likes to have BBQ party now and then celebrating any holidays celebration and I would bring pork patty.

I didn't thought of selling it as , selling burger is like a job that no ones want to be and it was dominant primarily by Malays.

Till someone started to sell em , and it boom and mushrooms everywhere in Penang.

If I could turn back time , I would like to be the first person to do it

if you don't mind me asking, how did you start it off? stall ? or physical shop?

How do you mean by scam?
Sorry don't get you

Currently a stall in a kopitiam , looking to expand but headache on finding workers

Easier to do it in a kopitiam as there is already traffic of people there.

meaning some people are not sure in feng shui , like religion , some believe some don't .

And you do it all by yourself? worth the time invested in it ? I mean income wise. I assume you do it after work right?

Depends bro ~

I currently partnered with another 2 friends . Currently all is doing the business while trying to get workers so that we can do other things .

Worth the time ? When it's boom big sure worth it

Income wise , the biz is generating around RM3k/month profit , it's operating 5 days a week / from 730pm-12midnight and it's not even very busy

Yup after work do

Stumbled upon on an article about childcare. I believe that most of these childcares nowadays are not registered and hence unregulated. What do you guys think about this business. I might be wrong but I personally feel that any business associated with child and women are something worth doing. Is that so?

u need certficate, and those who take care of child need training and cert as well and their salary aint cheap.

unless your partner has those background, else i think it's quite difficult.

Hmm... are you talking about those day care centre / learning centre ?

Some of those are really registered company. There is a SG company opened their branch here in Penang . http://www.cheriehearts.sg/

Even every corner I go , I can see those a lot here.

Agree. But they are charging quite expensive also. It should be enough to cover their salary. So back to the question, is this a good business to ventures for new comer?

Everyone can do well in business as long they equip with appropriate method and sufficient knowledge to analyse market and operate business in specific industry.

The question you should ask yourself is do you have the determination to learn, right channel to be trained and obtain information in specific industry and take the risk for loss your capital?

Oh ok. This I am not worrying. I am just targeting people who actually believe them.

I will try it. Will update here later Btw, thanks ghoss....

Welcome ~ All the best ~~

Hi Kenneths88,

I have further information and method to advise yet due to certain information are not appropriate to disclose in public thread so I had dropped you a PM for this.

Replied you in PM Thanks

Hi, guys. I've been thinking of venturing into business. Been thinking of options for side business, particularly online selling such as those in garage sales... Looking for a side business that I can manage while still working in a day job.

One option that came across my mind is selling Playstation/Xbox games. I know there are many online sellers in garage sales, but I do believe there are not many stores in the state where I live, so maybe an online store that can do Cash-On-Delivery will be attractive to gamers here. Especially if I can offer a cheap price like those sellers in Garage sales. The risk of course is that I'm not sure if there are many gamers (potential customers) here. Lack of stores here could possibly be due to lack of customers.
Do you guys think this kind of business is worth venturing into?

In general, these are some of my doubts. Not just for the games selling idea, but for online selling in general. I would really appreciate it if some experts here can share some of their experience.
1. Biggest issue: How do I find a supplier? Heck, not just for games, but any other products. I tried googling for suppliers and often find very little info. Is finding suppliers really dependant on networking?
2. From your experience guys, what is a reasonable capital for online selling side business like this? Is RM 5k-RM 10k enough?
3. Marketing to the right target. Well, the methods I can think of are old fashioned pamphlet distribution... certainly social media advertising. Garage sales in lowyat forum of course. Stick posters in public toilets? LOL.

I thought of selling mobile phone accessories as well but I feel that is a highly competitive market now as there are many sellers selling those accessories online. I would welcome ideas for other side business as well.

I am really passionate in wanting to venture into business, starting with a side business. But I'll be frank, I come from the engineering line and mostly the academic side, so I know next to nothing about running a business. I'm looking to learn as much as I can really. It's just that I'm not sure how to. Can you learn proper business management through those management and marketing books out there? Somehow I doubt it. But if there are really good marketing and business management books out there, then please share the title with me, I'll go get it.

So yea, I would really appreciate any advice/guidance given from all the successful businessmen/businesswomen here. Thanks.

For the gaming part , I guess you can try to target those local people without credit card . Else they can get it themselves .

For phone accessories , it's do-able if you have contacts from China to ship the products from there . Best to earn when there is a new phone model and once a newer phone model out . Your stock might be hard to sell.

Congratz On V2 !

will continue supporting this thread as always

Thanks for the response. Having done some reading and searching around, I do believe the gaming idea is more difficult. Local suppliers are extremely elusive, I am surprised they do not promote themselves on the internet more vigorously. And if I were to get international suppliers, purchasing wholesale requires a large capital I believe, not to mention the uncertainty of whether I could sell all the volumes purchased as a newbie business. Dropship is almost certainly out of the question for international suppliers.

Phone accessories seems more possible. Unfortunately, with no contacts in China, may have to seek for those online wholesale sellers from China. The cost for accessories are perhaps lower than games, so wholesale purchase seems more possible. The problem of course is that there are plenty of competition. And my original target demography of people living in surrounding areas is less valid, since not many people will want to deal by COD for cheap accessories.

Well the more I learn, the more I feel that business is like an exclusive circle. Businessmen knows businessmen, suppliers know other suppliers. They are the ones with contacts of each other, but the ones from the outside have no way of contacting them. It's all about contacts and netowrking. Added with the fact that most businessmen likes to keep their cards close to their chest, understandably. It makes it really difficult for someone from the outside to penetrate through that circle. Suppliers in US or UK seems to be more easily 'reachable' in some ways compared to local suppliers.

very cool boss. i love burgers. so much so i also thought of doing premium burgers too.
but just a dream as i barely know how to cook a decent meal.
but what is lacking is premium burgers.
and i hate the fact that burger is so burger like.
size is kinda fixed. i look forward to bigger sized portion. something that when you go mcD asking small, regular, large, it applies to the burger too rather than just the fries and drinks.

so far one of the most successful burger outlets seems to be burgerlab.
i have yet to try it though. the queues are just plain ridiculous.

You're welcome~
Else maybe you can start off with franchising/partnering with your local phone accessories sellers ?
US / UK won't it be more expensive ? shipping cost also higher I think
It's indeed hard to get the important contacts but you need to start from some where. Maybe you can find wholesales that operates locally here in Malaysia but they ofcos are selling more than China prices .

I tried to do a women's clothing biz which is on hold at the moment , the cost for the dresses is only less than 18 but it's selling for 40+

Lol , everyone starts cooking somewhere too. I learned mostly from online (google/youtube etc) and practice at home

As the saying goes , you don't go reinvent the wheel . It's not easy to have different sizes of patty as it's confusing (will shrink after cooking / customer changing mind after ordering)

Do it bigger , I believe my burger is big enough already

Hi guys, recently i just registered a company with SSM. Currrently i have a partner to do the business. We plan on selling VCO based product. What makes our product different from other company's VCO is that we are the only one selling in emulsion form. We plan to make emulsion as our main product. Currently we have one interested party to be our investor. Do you have any suggestion in what we should prepare before we accept him to be our investor? Do you guys have any useful insight?

Yep, I think the cost is high if bring from US or UK. Agreed, everyone has to start from somewhere. It is the first stage that is the hardest. I'll have to do more research and look for more alternatives.

High profit margin there for those dresses, you'll certainly earn if you market it to the right consumers.

Congratulation V2 !

For massage oil product, where is the place to market it?
Besides alternative medicine shops.

Hello guys.

Any of u guys here have an experience about water filter machine? The one u insert 20cent, get a liter of water. What's the cost for the machine, the maintanence and everything else? Most importantly, what's the profit margin?

beauty shops, boutiques,

Where is your shop?

At Dato keramat there , opposite federal place

Failed

Capital : 0
Period : 2 years +
Type of Business : Event props and Booth Contractor
Person : 1 partner (both of us can design and have knowledge on the materials and contruction techniques)
Lesson : Client company wash out with outstanding payment, unable to sustain to pay suppliers


This is a business that is easy to maintain the sales, what we did was, walk around exhibition and talk to people (give name cards). Eventually people will contact you to compare price and design. Nett profit margin is around 20%-45%

anyway im still looking for other business opportunities despite the failure of first business (which is very pain in debt but i am recovering =)). Lesson learned 0 capital doesn't mean low risk.

Also i would like to share this info for those who are interested on CAR RENTAL business, please refer to the website below,

http://wahiabdrashid.com/287/menubuhkan-sy...at-kereta-sewa/

not an easy process for the licensing, and risk management part.

Maybe i should share mine as well.

Business Fail and Gone Wrong - Very Failed

Type of Business : Transportation of Goods (East Malaysia - Sabah)
Started Year Jan 2005 - April 2007
Capital : RM5,000 (Each Person)
Period : 2 years +

Person : 5 partner (But only 3 in the Enterprise Trading license)

Vehicle : 3 Ton Lorry (Upgrade to 6 ton Load)
Worker : 1 Driver, 1 Hookman/Assistant

Business Load all good from KK Major Town to Mostly SDK/TWU/LD - Longest is Semporna

1 Trip = RM350 for the Fuel (RM180 for 1 Way)
1 Driver = RM300 for the Food/Stay

1 Trip Load = Worth of Transportation Fees = RM 1k. (The less is RM700)
Return from Sandakan = RM300~500 Additional Goods load back to KK (But not always, Once or Twice a Month)
If from Tawau/LD = Empty

Every Week surely have 2 ~ 3 Trips.
Simple Calculation = 8 Trips per month
= RM8k ++ (if plus the SDK trip back)

Driver Salary = RM 1.5K (1 Trip RM50) Commission the more the better
HookMan = RM400 (1 Trip RM30) to accompany the Driver and Unload the Stuff

Reason Business Failed due to the Main Con/Supplier.
He acted as the King of Transportation whom can give you more or less of Goods. Meaning have to jaga him also.

How he does ?
Since i mention all the Goods are from Him. Therefore, he can select the best of high income to any transporter. So He is the one direct deal with the Customer. OF course, i also go see the Customer and offer.
But what he does, he get the Goods, pass to me to send, and received the payment within 3 ~ 7 working days.
Lama Lama, he drag and say the Customer didn't pay weekly but into Monthly.
Findout, he use the money to pay his own Lorry (He got 8 Lorry) so he use the money to move swiftly around for his own purpose.

Lama Lama, say all the Money cannot be pay. WHY ? because one of my Partners whom claim is in the Transportation Business before is handling didn't get the Black & White thing to Sign / Chop
That time i was working (Makan Gaji) n use the Salary to cover the Operation. Man, it was my very down moment.

When all partners decide to stop. 2 have left, i mean not in the Trading License. Me myself wan to revive it but failed as the other 2 doesn't want to continue. Jual the Lorry and lucky i still have my job.

From RM5,000 Capital, i have fork additional RM6,000 for the Operation, Fuel and even Driver. Because i belief if i can overcome the DOWN time, i am sure will be a hit since i see the Opportunity but i was been CON in the first place. The Business was a CON, as it was intended from the very beginning moment.

Therefore, i learn. FRIENDS is always FRIENDS. but BUSINESS is BUSINESS. and Evertyhing you do in LEGAL Business please please get it BLACK & WHITE. Sometimes friendship hurts when it comes to MONEY.

I saw this water dispenser machine few years back in my hometown and they had gone within a year.
Personally i don't get water from there because hygiene would be a concern for me. Well for the costs & profit margin can't advise you, never really go deep into that.

Hi Manuk, your story are really inspiring and it is a very common mistake that happened in partnership which build on FRIENDSHIP.

Every agreement or entity should get it black & white, and also for accounting. It's very sensitive when come to money which some people might not have ethical may lead to undertable transaction for all. Again, this case always happened in those partnership with 'brotherhood'.

Getting a right buisness partner is very important.

May your new venture get the right business partner & strive for your business.

This post has been edited by LawrenceTan: Oct 22 2013, 06:43 PM

Thanks for the encouragement.

Business maybe is not my type. As i turn older and forseen that, Makan Gaji is my goal. As i don't see myself as a Leader or CEO or an Owner. But i see myself as a Career Ladder-man ... Keep promote n promote Because i love the way the Company offered me (Training oversea, Conference and Company Field Trip) Even if the Bond is exist, i don't mind because i love the Team and the Company Owner.

AFterall, who doesn't love the FREE Stuff ...

Thanks for sharing.

Another lesson I saw from your expereince is never let the business rely on ONLY 1 Customer or your business will be manipulated by this only 1 customer.

A successful business should always have your own core competencies, high entry barrier and able to serve the emerging market.

I am a young professional in a corporate business, glad to see people sharing experience and learn from mistakes.

Everyone makes mistakes, the thing that matters is always think about how you could do differently (how to improve it). Best wishes to you and all who is venturing into business

This post has been edited by SunofaBeach: Oct 23 2013, 10:18 PM

Hi, I am interested in starting a food truck business that sell sandwiches and drinks nearby office and uni areas. Do I need special license or permit to stop my truck and sell food somewhere around KL or PJ areas? If so, what kind of license shall I apply?

Thanks for the help!

I hope someone could share some guidelines on how to start a small retail business for entrepreneur. Was looking at taking over an existing business.
What are the factors to look into while taking over an existing business?
The good parts I could come out with are saving time, renovation costs and less hassle of looking for all those things needed for to setup the shop. Besides, the seller might provide the suppliers contacts which I can save time looking for them.
However, also worry the true reason behind the seller is selling for. Is it business not doing well? not making profit? or what else?

Appreciate all the help. Thanks!

hi, I planning open western café in klang valley ? can someone recommend which part is high tranffic ?

my café is target middle and high.

thanks

This post has been edited by CHRISTIANLOW: Oct 24 2013, 09:50 PM

how much you will able to afford the rental?

to answer you definitely hot area like kota damansara, bkt bintang sunway, subang, kuchai, bandar puteri puchong etc ... if your food is good then people will travel all the way just to eat yours

I am also looking forward invest an non halal american fast food restaurant
at least something to do over on sunday

Really great reading real life experience of business venture, thanks for sharing! It's truly inspiring. I myself currently don't run any businesses but I'm saving up capital and hope to come out with something in future! Cheers!

thanks
most of em accepting consignment

Hi, salute you for bravely venture into this tough job. Not all willing to work at stall standing there waiting for customers.

I hope you can give some insights /tips;
1) what license/permit to do this biz in kopitiam ?
2) you said you work in an MNC now, enough rest/sleep since you work till midnight ?
3) any local council like majlis come to kacau you ? Or Samseng asking for protection $$$ (watch too much drama )

I was thinking about road side stall like those ramli burger but it might be more hassle compare to working in a kopitiam...

1) Private kopitiam no need license/permit , just need to ask the taukeh.
2) Try to arrange lor , I work 10am , then sleep 1am ,wake up 9am.
3) So far no lor haha. Local council no kacau unless in local council food court

I am just curious, what do you guys think of selling furniture online & offline but without a showroom? only warehouse and office.

sounds like working on shift...

No need license but need to register with Roc right ?

hard ler ~ people need to see before buy
No need also ~ But I registered so the name is mine

Register also cheap cheap only less than rm100

survey the business. look at its surroundings. go there during weekday and weekend (watch from far), dont let them know u are there. see whether got traffic and transaction. some owner say got xx,xxx business every month, but when u take over u see the actual situation. that time its too late.

Event biz is good income, but how much min capital need to start up?

My main target is not local, but foreign workers (Bangla, nepal, indon) since they don't have much time to boil water, etc. etc.. If the business can generate around RM300 per month, I would be more than happy.

So anyone have any contacts on the water machine, or better, any idea or information regarding the business, kindly contact me. Thanks.

Enough money to pay the suppliers .

Else you have to pay first .

Hi all,

Currently I am working on a proposal to provide project consultation service to one of the company. The project duration is estimate 9 months to complete.

I would like to take this opportunity to setup my own business by providing services to the market and slowly carrying some products and expand the business. I am not worrying the work scope because I am actually doing it in my day-to-day full time job.

Here my questions:-
a) Should I ask the company hire me as part time contractor with fix fees?
b) Should I register a new company and sell my service to the company by charging them time and material?
c) Any other suggestion ?

Hi all,

Just sharing out my business, (Not running in Malaysia but calculate based on it's rate)

Type of Business : CyberCafe
Work Time : Mostly 24 hour (close when there's no customer)
Budget : +/- RM100k

Profit : Depends, ranging from RM1k-RM4~5k.

Pros:
i) Easy to manage if you got a trusted worker.
ii) No need to spend so much effort in managing the cafe.
iii) If you have computer knowledge background, can save a lot in technical fees.

Cons:
i) Too many competitors.
ii) Profits range gap is too far. (Lots of reason which affects this such as school holidays)
iii) High investment with "not-very-satisfying" income.
iv) Thefts (stealing PC parts), Ragers (destroying the equipment) and maintenance



Am now moving into finding new business, was wondering if anyone have a good suggestion

where is ur biz exactly?i was aiming to open cc too..

Oh, you're the DAYUMM Burger dude! Awesome, and thanks for the LANSI burger cake yo (and V2 lol).

It depends on how you think of your experience.
1)have you been in this industry for awhile ?
2)Do you have enough experience to manage a company ?
If no , the best suggestion will be to work as a part time contractor first to gain experience and get to know more about it before you start establish your company.

If you think you are into this industry , yea you should open up your company so you could build up the profile and in the mean time , other opportunity too

Hi,

Good to hear from you.

1) Yes, I am.
2) No, I don't have experiene managing a company. I already have the profile, that the reason want to start up a company to move further

Ai sehh !

You're welcome

Well , since you are into the industry , you should probably plan your company
Not everyone have the experience , but with the right management , it should't be a problem
in the meantime you can look for partner , i will advise not looking in your "bro" zone , because something i learn that money is sensitive no matter if it was "Bro" zone or not.
Try looking for someone with the same passion and vision with you

Hi all, I am thinking of making my own shoes and sell, any ideas where can i get some basic raw material in a small amount? Get from a shoe makershop?

Hi everyone,

I would like to ask whether the demand of wooden lamp/ lighting is a good sell in Malaysia?
Currently i'm doing carpentry in a small furniture factory and i have a few sample of designer wooden table light and pendant light that i designed and build it myself with the right machinery.
I'm thinking of manufacturing it and distribute / supply to shops around Malaysia.

The problem i'm facing now is

1. Does this business works in malaysia? because unlike many other "Guai Lou" country, they prefer artwork.
2. My light / raw material are all from malaysia. Does customer see the worthiness of malaysian product?

I prefer start from small scale and slowly upgrade it.

Any feedback is much appreciated.

v2 already..

1st business = imported gummi bears (sweets)
capital = 1k
duration = 2 months (jan-feb 2011)
outcome = failed
reason = locals have no idea what is this. expensive.

2nd business = selling sweets and junk foods on tourist spots (part-time)
capital = few hundred. replenished locally
duration = 1 year (feb 2011 - jan 2012)
outcome = changed to selling ice cream
reason = cheap items, low sales, low margin. not so fast moving.

3rd business = selling ice cream on motorbike (full time after quit job)
capital = 4k
duration = 1 year (feb 2012-dec 2012)
outcome = changed to selling toys
reason = fast moving and low margin. hard labor and high cost for electric bill. enforcer kacau. weather dependant.

4rd business = selling fake legos on weekends
capital = 1k, replenish locally
duration = 1.5 yrs and on-going (since april 2012)

*back to employment since jan 2013 (office hours)

5rd business = selling women's accessories on rented spaces at shopping mall
capital = 2K
duration = since feb 2013

So now u hire staff to take care of the rented spaces ? And yourself continue working ?

No. The is a shop that rents out spaces for ppl. Staff they provide. They take 10% komisen n rental.

Hi !
Thinking to open a burger stall in open food court . Was searching online for info and then i found this thread, great.
Mind to share some experiences ?
1. what is min capital to start up .
2. must buy the stall or can be rent one ( the stall with wheels ) ?
3.it's an open food court , like a street with rows of stall at the sides, do i need a licence to do y bizness there ?

1. It's depending on your setup - Depending on grills I would say safe to say , 3k should be enough for a stall
2. The stall can be rent , mine was Rm20/month
3. Depends whether it belongs to the council or private.
A)Private - No need , just need to discuss with kopitiam owner
B)Council - Yes , need permit and need to get the typhoid injection.

I believe every food handler in Malaysia need to go through some course and get typhoid injection before operating. This should also apply to the stall operator?

The last time I saw your thread was selling ice cream. I see that your sales is quite good.
Why don't you continue with it?

Hi everyone,

Wanna ask sifu how do you guys acquire businees partners or how do you guys come along? I have plenty of ideas i think would sell well as an entrepreneur but its hard to find someone who share the same mentality.
Anyone can shed some light?

Not all , private hawkers doesn't need .
When I worked in Starbucks yes , must have that injection

Find people who is working in that field ?

Like F&B , you can ask those working in F&B to see if they want to chip in

no not interested in people who has started the business, more like people who wants to start a new business and start up together!

erm...That's what I meant.

Find people who is related to that field and not outside of that field

is it something like they provide a cube box to place your stuff ?

how much is the rental per month btw ?? & how about the sales ?

how do i find people that re in the field? if f&b go in any restaurant worker and just ask wanna start a creative business idea? i dont want to find average joe, i wanna find someone who has the potential to think outside the box like me and start something great..

Erm... ask your friends ?If there is someone like that out there , don't you think that person might just want to do it all by himself ?

People are not born great , they're made great .

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.