Hi,

Need advice and opinions here.

I am from Ipoh area. Planning to open a Daycare for children age 6 to 15.

1) Capital: Rm10k ; Rm5k each
2) She had 4 years experience with Daycare while I am just investing and helping her with management since it is my forte.
3) In my area, there are no Daycare but 2 kindergarten which offer this service illegally. The number of children is small.
4) It is my first time starting a business and am quite clueless.
5) I'm afraid there will be no parents willing to send their children as it is somewhat Kampung area.

Is there anyone who had started a Daycare Center? Need advice..thank you!

i am starting beverage and snack kiosk business 2 years before and by luck and opportunity i have start a express cafe in recently opening HOT location. Therefore there are some mall management approach me to have new shop/stall in their various mall as they have try my food and seen my business method in my HOT location.
As i have just invest more than 500k ( with partner ) for the HOT location and shall be financial tight if need to explore into new location.
After study the current market trend, i certainly feel that food court kiosk will be one of the better option in future as we expect market to be slow down due to GST and ....but people will still need to eat. The consumer may turn to the lower price range choice such as food court.
I got 2 offers from them which under Food junction and shall open at Sept and December ( in opposite sheraton imperial sultan ismail and putrajaya ). I do have those individual lot offer from mall management also, but i do not think it be right time yet a i foreseen market be slowing down, therefore i go for food court kiosk.
Just wonder anyone with or without FNB experience would like to join me to further explore into this business. You may just opt for food court segment or you want to join as a group which include my HOT location. We may have a discussion. Just to give you some detail, food court will free rental but charge by percentage of sales and my HOT location will be change by fix rental or % of sales which ever is higher.
Current i am selling bento food but not limited to Japanese food, i am serving also local delight but i just serve in disposable bento plastic ware.

Guys does anyone mind sharing what can i do with 20-30k capital small buisness?? any franchaise that require this amount to start with?

thanks.

Oh, in penang i am running kiosk in Aeon Qbay/BM, if you interested may PM me

I m selling the business but you still need my support.as we are under one brand, selling soya n snack, may not earning big
Money but just extra income, it is free rental base,so you wont pressures by high rental

No, of course I want to earn more than RM8k.

What I mean is to have a business that can generate salary of at least more than RM8k.

Any idea what kind of business can do that?

Hi all.

I failed 1 business before (T-Shirt printing) with estimated loss of RM40K.

2nd business (2014 till now with RM100 capital), i involved in food business (cakes) by doing it direct selling. I really loved this kind of selling approach because it really push myself far out of my comfort zone (adrenaline), force me to think even harder.

Profit margin is 30% but the good thing is i always maintain certain volume which can give me over than RM120 net profit per day. Malas day still can produce RM60++ net profit. Still worth it because i don't have to pay salaries, or rental.

I suggest you guys try this business and it will open your eyes and boost your financial IQ. Lets start small.

No large machine. JV with 4 other friends, all inexperienced. For start up, we only bought huge quantity of ready made T-Shirt, small printing material & equipment, a computer, printer, brand tags, and rental fees. Balance around 9k, we didn't wait long and enjoyed the money like there's no tomorrow. FYI, i made personal loan from bank for that 40k. As that was my first business, i was greedy and blindly jump onto it.

Lucky us, for the first month, we made small profit of 2.5k with sales worth more than 10k. But our stupidity, we don't keep track of cash flow & budgeting. Sometime, i myself put a few ringgits into my pocket to pay the toll, gas or personal expenses - out of record. Yes, it was that bad, no integrity and discipline.

4 months later, bad things happen. We fall apart and only 2 of us left to handle the business due to personal argument. Sales turn zero, expenses increase but it doesn't affect our bad habit of using company's money to pay our personal spending. We no longer afford to pay the rental and was kicked out of the space after 3 months outstanding payment. But we still don't give up, we tried to sell it online and sometimes looking for opportunity to rent-a-day space in music fest, gig, or any exhibition. Result still same, sales were very slow and couldn't catch up with the expense such as fuel, rental, salary and anything. Tried to do consignment but nobody want to take. We worked day and night, and when i recall, it was very very exhausting.

Year later, i give it up and let the friend handle it since i were about to get married. My friend still doing the business but from what i heard, the business was like hidup segan, mati tak mahu.

U welcome.

Yes, total 40k is business capital loss which all funded by me. The other friends can be assumed as employee, but with profit sharing + salary. See how dumb it is, me as the head of the company had totally failed. But still i don't blame them for that mistake, because i am the one who should bear the responsibility.

I thank that loss and bad experience, because it just moved me to the next level. Now, i am starting low. Very low risk. Dunno, my habit of spending changed totally. Now i know how easy it is to make money. And also how to spend money 

No, i don't have any shop but i do hire people (only one (permanent) or sometime two - Part-timer). I am currently working (This is due to my strategy of buying property by using Other people's money - Bank).

I do selling after work and weekend, together with my employee but we split into two location to optimize selling time. Direct selling in my case is = Imagine a typical Malaysian movie about poor boy with huge basket shouting "cake, cake, cake". This is why i call it 'far out of my comfort zone'. I believe in phrase 'You make money when you do something when other peoples refuse/shy to do'. I love rejection and i will (if any) counter it by positivism. Instead of scolding me or halau me from selling, most people that i approach, no matter they buy or not, they will encourage me to keep doing what i do. If you act down to earth, you'll found that most people will get to like you. What i discovered in a few months back is, the most important skill of doing any direct selling is your interpretation and the appliance of non-verbal language (I'm not lecturing you guys    i just sharing my experience.

I am now at Kota Kinabalu, Sabah. First business is in KL, but i moved here because i was transferred by my employer a few years ago. I love too, i really love to hear advice or other people's opinion, because that is how i transform my way of thinking.

By teh way sammich, mind sharing what business you are in?

hey there.. do drop me a PM as well when you can
thanks in advance.

bro
drop me an email so that i can share with u

hahaha
but i think the correct and proper way is to PM someone for info, instead of asking people to PM to give info
it just shows that u are serious venturer 
nevertheless, it works on both way 

I also post my previous venture details as well ;-)

Type : Food & Beverages (Italian and Western Food and Drinks)
Capital : RM90,000
Location : Ipoh
Shop size : 1 lot 10 tables only

a) Shop rental + deposit 2 month + deposit electricity/water = RM9,000
b) Renovations (paint,glass panel door and wall,kitchen cement + partitions, floor and wall tiles, bar, sink, furniture) = RM35,000
c) Coffee machine = RM11,000 (this is not ordinary coffee machine despite the pricing, it's a full feature coffee machine with milk frother and two head)
d) Plates, glass cup, coffee cup, metal cup, cutlery etc = RM5,000
e) Electrical component (wires, lightning, wall plug, airconditioning) = RM12,000
f) Kitchen (oven, microwave, stove, fridge, etc) = RM7,000
g) Food and drinks material (coffee beans, teas, meat, vegetables,milk, spices) RM10,000++

Roughly estimated. But overall we used up to RM90,000.

Workers : 6 (2 kitchen, 4 front)
Salary : RM4.5 per hour averaging excluding tips and service charges.

Daily Revenue : RM1,100++ averaging (most of the business comes from weekends)
Daily expenses : RM600 at least
Profit : RM10k-14k monthly

Opinion : It's kinda successful despite our 1 lot shop and we only have 10 tables. Strange huh? 10 tables and we're mostly packed due to the fact we do not advertise, but FREE social networking (food bloggers, instagrams, etc) and facebook sharing our food picture that booms everything we had. We have appeared and featured in Star newspaper and also MAS magazines and also Motormouth food blog. I didn't expect it to be successful because we are actually challenging the fact we don't sell spaghetti or chicken chop like the rest of the cafe. We want to be unique and so, we created a lot of stuffs that can't be found elsewhere in Ipoh and Malaysia nationwide. We do have customer complaints our variety of food isn't that MAJORITY because some of their friends wanted spaghetti or rice or steak. In the end we do offer italian herb rice with marinated chicken and spices to make it different than just a chicken chop + sauce + plain rice, because we still don't want to follow what others is doing. Most of our ingredients is imported.

Next Venture : Now me and my partner (the MASTER CHEF) are going to opened another with bigger venture this time in one of the upmarket gardens in Ipoh. It's triple the size we had last time. We already secured the spots, that is included with outdoor garden as dining area as well. We are scheduled to open by September. I already posted earlier in this particular thread about this newest venture. Anyone interested can PM me.

Cheers~! :-)

I have connections with the renovators in town. 35k because we didn't do the ceilings. We leave it as it makes the area more roomier and bigger. The shop was clean to start with (no cracks or anything that needed to be repaired) and it's all depend on the lightning bulb with fancy covers that do the trick and the color paintings. So it was nice and cozy with dawn lightning. No decorations except we painted our logo on the wall with the help of local artists.

My main customers is mostly youngsters and some bankers/sales/elderly but the one who spend the most is also the youngsters. We do located near shopping mall but the walking distance can be quite sweaty.

Ipoh is actually booming with cafes everywhere. You can search for this on the net. I do not know why the phenomena but I do realize after I opened this cafe that nowadays Ipoh people are very rich. I find Ipoh's cafe pricing is much more expensive than KL, yet they will spend it if it taste good.

hey guys i hv been thinking of opening a futsal center but i dun hv any experience or lobang..not even the slightest idea of the capital needed, how 2 source for funds/grants, etc

so guys if any of u hv some info or know anyone done this b4 pls help to share...thx in advance

Hi all

Need some suggestion or advice. 

1. What is the best biz to venture in right now in Penang? Low investment but good ROI.  
2. If i were to set up a coin operated laundry business, where would u guys suggest would be a good location? Preferably, in BM, Juru, Seberang Jaya. Can still consider on Island if the rental is reasonable. 

Plssss need some help.. 

Tqvm

Hi Sammich.

The cost i wouldnt mind considering between rm50k to rm100k, again depending on what sort of biz. I have invested in a cafe, and its still operating. But, i would want to try to do something else, which, in mind, im thinking of laundry biz. But im not sure if that would be a good idea to invest that amount on that biz, OR, maybe u have some other ideas which i could consider. huhu.. really need some refreshing ideas    

My partner moved it to Simpang 4. When i operated it, it was at Bertam.
https://www.facebook.com/pages/Sri-Kulai-RT...f_type=bookmark

Now they decided to moved to Simpang 4, as they joined with Damiral Bread. Im looking for some biz, around the mainland if can.

Oh ya, anybody who needs to use any radio communication system, pleaseee do not hesitate to contact me. 

Yeah.. Bakery ha..nice... what is the best bakery franchise that most of u guys favor?

U know walkie talkie, right.. Haha. not giving it away, but im doing that as well. We provide communication via trunking system. Meaning, if ur using walkie talkie and u want to communicate from Perlis dwn to Taiping, its not a problem at all, as our system will be linked to the repeater out there. Or, if say anyone here who have hotels, or shopping mall, we do supply the radio communication for them, but installing their own private repeater system. So, yeah.. jst a summary la, we provide equipments, installation and servicing to ease communication using radio. 

No. Beep device? I never seen it before. Which restaurant is using that for now, here in penang? Maybe i can go n curi curi tengok

owhh ok ok.. tq so much Sammich..
I will consider about the bakery biz. something to think about right?