morning guys, newbie to this thread.

Been bouncing from working for people and doing own business back on forth for a few years already. Obviously when doing own business kept failing in the end, I believe my main weakness is in the area of time management and financial management. And probably marketing skills.

1st Was in the handphone/reload/ computer repair line, was not earning much the killer was because the suppliers were loading me, I made a bad decision to listen to others to increase reload price by RM1.00. And someone reported to consumers affairs and I was fined so I decided I was not 'smart' enough yet. back to work.
Total capital RM5000 (loan from dad)

2nd after few more years of slugging it out in the corporate world I came out, went into photography business. Myself and few amateur friends, we had passion, we had energy, we had no other commitments. Then one guy got married had a cute baby, one got a gf then I found my gf and because of that I needed more income so back to corporate world. Now everyone seems to be committed to other things. We didnt fail per-say, business is still on going. But we seem to be sub to other people more now. Morale of this story is make sure your committed and have business meetings every week if possible. Btw we are mid tier in terms of pricing. We spend loads of our earnings on best gears and training.
Total capital existing camera gears

3rd Now im starting out on a new venture. Lost a partner a month in so now going solo. reason Im not tactful when communicating... sigh. Im doing home made birds nest drinks. But the time invested is higher than anticipated, actual earnings is moderate, around 30% per drink. On going. Looking into markets to enter.
Total capital RM5000

with every increasing daily costs, the pressure is really on!

I read your already buying your own house dy.. i think your still better than where I am. The only house I built is not for humans...

very true. but we share lyn stories!

thats putting it lightly. things rosak need money... if human rosak... even more money. medical care is no joke expensive!

Can la.. everyone can do it, jst have to plan properly and stick to it. of course review and make corrections if and when needed. So far I have not succeed, but I will not give up yet!

I started off business w/ friends but never had proper documentation. for me it was trust and of course you need to use your common sense and see if the market is viable or there is potential for growth. Do your own research rather than taking your friends word on it.There is nothing wrong check it out, as its your hard earned money, you have to decide where to invite it

Bro this is a very good business but 1000 sqft is small means you cannot plant anything too big as plants need space to grow. As I know if you successfully grow your 1st harvest and manage to sell, you must be able to supply constantly. Unless your target market is direct to household. I am waiting for my USSweet Corn harvest in two weeks. Last time I planted was around 2 years ago, then tried many crops failed due to bad timing, bad weather and disease. So far this round everything is looking good. But unless got more land to produce bulk and to stagger the planting, your going to be limited to friends+2 (customers) and thats about it unless you got time to buka gerai... then can also

as capital or from profits?

I believe its MACP, check out http://www.macp.com.my/macp-licence.htm

investors or loans lor. Unless god of fortune bless you 4 digit nombor tonite tat could be another means of sourcing of capital:)

If I recall correctly there are two licencing bodies. because this does not cover all the artists / labels etc, you can ask around see if they know more or wait for someone else to pitch in. Best of luck !

my small harvest. profits enough to cover petrol and some pocket money

cannnn

haha can... foc for you two.. come kch take ya

+1

well said

sold 1000 cob last month... very sweet!

for me events are hardcore businesses. need to have really competent and dedicated ppl working with you. some days can be good some days can be really bad when nothing goes right. one must be brave to start an event agency

nah.. just an interim crop .. banking on pamelos .. hopefully is a good crop

tats about 3% of sales? how long did you take to generate 9xx sales?

im not in the line of business but, your normally air conditioning is around 16 degrees Celsius max coolness, actual maybe 20+- ? A fridge normally should be below 4 degrees Celsius..

go around supermarkets and see, fruits normally air conditioning can dy... I guess you have to see what your products are and if you really need the fridge

This post has been edited by gerald7: Oct 6 2015, 09:09 AM