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 20k enuf to open small biznes?

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SUSWintersuN
post Dec 30 2013, 09:45 AM, updated 12y ago

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Hi all,

Is 20k enough to open small biness? Not shop or wat la.. just small bizness

20k include set up of stall and initial equiptment and stuff..not the monthly cost as it wil be sustain as the bisnezz operate. I mean initial only.
pisces88
post Dec 30 2013, 09:51 AM

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QUOTE(WintersuN @ Dec 30 2013, 09:45 AM)
Hi all,

Is 20k enough to open small biness? Not shop or wat la.. just small bizness

20k include set up of stall and initial equiptment and stuff..not the monthly cost as it wil be sustain as the bisnezz operate. I mean initial only.
*
what small business? if your answer is 'duno', then we cant answer liao smile.gif
nap2617
post Dec 30 2013, 09:51 AM

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kalo stall cukup..kalo kedai memang x ler..
azerroes
post Dec 30 2013, 09:59 AM

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what scope you are currently eyeing on?

actually im also interested in knowing this
SUSMatrix
post Dec 30 2013, 10:01 AM

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Stall jual nasi lemak at roadside enough. Make sure you have a getaway van.
peterhealth
post Dec 30 2013, 10:02 AM

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If business is service based, then RM20k should be ok.
If want to sell some products, this figure surely is not enough, unless you can get credit term from supplier.

leah235
post Dec 30 2013, 10:03 AM

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YES. and NO.

Depending on your business.

Too little information, TS.
SUSWintersuN
post Dec 30 2013, 10:49 AM

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QUOTE(pisces88 @ Dec 30 2013, 09:51 AM)
what small business? if your answer is 'duno', then we cant answer liao  smile.gif
*
QUOTE(nap2617 @ Dec 30 2013, 09:51 AM)
kalo stall cukup..kalo kedai memang x ler..
*
QUOTE(peterhealth @ Dec 30 2013, 10:02 AM)
If business is service based, then RM20k should be ok.
If want to sell some products, this figure surely is not enough, unless you can get credit term from supplier.
*
QUOTE(leah235 @ Dec 30 2013, 10:03 AM)
YES. and NO.

Depending on your business.

Too little information, TS.
*
Biznes like chatime or sell ice kacang in shopping mall. So set up the kiosk. Rm20k enough for initial startup? The stall and stuff la. Then other is during bizness only kira. Should b ok right?
leah235
post Dec 30 2013, 10:54 AM

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QUOTE(WintersuN @ Dec 30 2013, 11:49 AM)
Biznes like chatime or sell ice kacang in shopping mall. So set up the kiosk. Rm20k enough for initial startup? The stall and stuff la. Then other is during bizness only kira. Should b ok right?
*
More than enough I presumed. hmm.gif
mr.noone
post Dec 30 2013, 10:54 AM

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chatime definitely not enough.
SUSWintersuN
post Dec 30 2013, 11:04 AM

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QUOTE(mr.noone @ Dec 30 2013, 10:54 AM)
chatime definitely not enough.
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im not mean chatime la just example of something similar.. maybe ChaWintersun but sell bubble tea or fruit juice..

Cos i not talking about franchise.. franchise the fee already 100k.
pisces88
post Dec 30 2013, 11:15 AM

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Buy n renovate stall and buy kitchen equipment cukup meh 20k?
skloda
post Dec 30 2013, 11:18 AM

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how about 20k open car wash center ?
hey_there
post Dec 30 2013, 12:20 PM

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Stall at malls not enough la. How much is the rental? I heard the monthly rental is rm4000 is certain mall. 2+1 deposit already cost u rm12k. U have rm8k left to buy machines and ingredients.


hey_there
post Dec 30 2013, 12:23 PM

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QUOTE(skloda @ Dec 30 2013, 11:18 AM)
how about 20k open car wash center ?
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Car wash beside open car park should be ok I guess. Only thing that cost u a lot is the vacuums I guess
SUSWintersuN
post Dec 30 2013, 12:31 PM

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QUOTE(hey_there @ Dec 30 2013, 12:20 PM)
Stall at malls not enough la. How much is the rental? I heard the monthly rental is rm4000 is certain mall. 2+1 deposit already cost u rm12k. U have rm8k left to buy machines and ingredients.
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If make fruit jucie rm12k shud b enuff for the machine like blender and stuff. Then maybe add abit to reno the stall like put counter, signboard and stuff.
syahmie
post Dec 30 2013, 12:33 PM

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you need 100k at least for shop.
hey_there
post Dec 30 2013, 12:37 PM

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QUOTE(WintersuN @ Dec 30 2013, 12:31 PM)
If make fruit jucie rm12k shud b enuff for the machine like blender and stuff. Then maybe add abit to reno the stall like put counter, signboard and stuff.
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Rm12k is just for renting the place. Renovation could cost u few thousand, signboard and license 1-2k. Make it rm15k to set up. U calculate how much is ur machines, fridge, and ingredients cost la.. Unless u rent the fridge and machines la.
SUSWintersuN
post Dec 30 2013, 12:39 PM

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QUOTE(hey_there @ Dec 30 2013, 12:37 PM)
Rm12k is just for renting the place. Renovation could cost u few thousand, signboard and license 1-2k. Make it rm15k to set up. U calculate how much is ur machines, fridge, and ingredients cost la.. Unless u rent the fridge and machines la.
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thnx hey there.. can i ask if u r a business owner who have experience set up b4?

I guess i can just top up a bit more to start my biz right..
hey_there
post Dec 30 2013, 12:41 PM

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QUOTE(syahmie @ Dec 30 2013, 12:33 PM)
you need 100k at least for shop.
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Depends on what kind of shop I guess. I spend rm20k each with a partner to open a shop. Total rm40k inclusive of rental deposits, signboard & license, renovation (got it cheap from relative), equipments and air conds, and stocks.

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