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 20k enuf to open small biznes?

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kurangak
post Dec 30 2013, 12:42 PM

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obviously not enough for ur scope.

if u open roadside burger stalll, then more than enough la
Seriousdealerboy
post Dec 30 2013, 12:42 PM

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20K is enough for a small online buisness,if buka kedai is a big no,gerai makan maybe still can..
hey_there
post Dec 30 2013, 12:45 PM

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QUOTE(WintersuN @ Dec 30 2013, 12:39 PM)
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..
*
I have no experience setting up a stall. I open a shop. I personally think shops/stalls in malls are much more complicated.

My friend recently open stalls in mid valley and empire mall. If u heard of the name akachan no hoppe, selling Japanese rice balls. I roughly calculate, it needs rm100k to start. But he did it BIG la.
Seriousdealerboy
post Dec 30 2013, 12:46 PM

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QUOTE(hey_there @ Dec 30 2013, 12:45 PM)
I have no experience setting up a stall. I open a shop. I personally think shops/stalls in malls are much more complicated.

My friend recently open stalls in mid valley and empire mall. If u heard of the name akachan no hoppe, selling Japanese rice balls. I roughly calculate, it needs rm100k to start. But he did it  BIG la.
*
mid valley is a big croc location la,their agreement and rental is kao kao one..
hey_there
post Dec 30 2013, 12:46 PM

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QUOTE(kurangak @ Dec 30 2013, 12:42 PM)
obviously not enough for ur scope.

if u open roadside burger stalll, then more than enough la
*
Agree.. Coz u'll save a lot in rental, deposit and renovation
SUSWintersuN
post Dec 30 2013, 12:48 PM

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QUOTE(kurangak @ Dec 30 2013, 12:42 PM)
obviously not enough for ur scope.

if u open roadside burger stalll, then more than enough la
*
plz dun insult me.. 20k is more than enuff for roadside

QUOTE(Seriousdealerboy @ Dec 30 2013, 12:42 PM)
20K is enough for a small online buisness,if buka kedai is a big no,gerai makan maybe still can..
*
ya buka kedai i agree is too small cos renovation of shop and interior furniture is kinda expensive.. online business cost much less than 20k la

QUOTE(hey_there @ Dec 30 2013, 12:45 PM)
I have no experience setting up a stall. I open a shop. I personally think shops/stalls in malls are much more complicated.

My friend recently open stalls in mid valley and empire mall. If u heard of the name akachan no hoppe, selling Japanese rice balls. I roughly calculate, it needs rm100k to start. But he did it  BIG la.
*
thnx.. ugpm
hey_there
post Dec 30 2013, 12:50 PM

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QUOTE(Seriousdealerboy @ Dec 30 2013, 12:46 PM)
mid valley is a big croc location la,their agreement and rental is kao kao one..
*
Yea, the stall rental of rm4000 is the price that I ask many years ago in sg wang, top floor. I bet it's much more now. And yes, my friend's father owns quicksilver and roxy malaysia. Sure he can afford. 2 stalls is less than 6 months.
Aydee
post Dec 30 2013, 12:53 PM

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Depends on your location and product. If locations like MV definitely not enough. The Curve flea market is already charging like 120-180 per day depending on your spot.

If you have a lot of products of course you need to get a lot more ingredients.

If it's just a simple setup at a 'reasonable' it should be enough for startup, you need to take account of your running costs. It might be more than you think.
SUSWintersuN
post Dec 30 2013, 12:59 PM

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QUOTE(Aydee @ Dec 30 2013, 12:53 PM)
Depends on your location and product. If locations like MV definitely not enough. The Curve flea market is already charging like 120-180 per day depending on your spot.

If you have a lot of products of course you need to get a lot more ingredients.

If it's just a simple setup at a 'reasonable' it should be enough for startup, you need to take account of your running costs. It might be more than you think.
*
120 a day thats crazy.. more expensive than rent shop la if want open everyday
Seriousdealerboy
post Dec 30 2013, 01:02 PM

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QUOTE(WintersuN @ Dec 30 2013, 12:48 PM)

ya buka kedai i agree is too small cos renovation of shop and interior furniture is kinda expensive.. online business cost much less than 20k la

*
yep,just to renovate the shop in terms of flooring,lightning,island/display rack,counter,pc..etc etc..
it will cost u a bomb alrdy..

well,20k is just comfortable for online buisness,u still need a proper webpage,advertising,license,accountant..etc etc..
(if u want to do big la)..

if want to do small then 20k is ok-ok.depend on wat u sell..
hey_there
post Dec 30 2013, 01:05 PM

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Maybe can consider pasar malam. At the same time, u can test the market and see whether ur product can sell or not b4 u go into malls.
Seriousdealerboy
post Dec 30 2013, 01:05 PM

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QUOTE(hey_there @ Dec 30 2013, 12:50 PM)
Yea, the stall rental of rm4000 is the price that I ask many years ago in sg wang, top floor. I bet it's much more now. And yes, my friend's father owns quicksilver and roxy malaysia. Sure he can afford. 2 stalls is less than 6 months.
*
yep,and the agreement like XXXX geh..but what to do..ppl big mall..they possess the upmost rights..and the walk flow they is really high as well..especially weekend..so is a give and take lo..

fuuuuu...ur friend is one lucky guy..those buisness they steady steady geh..

sg wang now reno alrdy mah..high class alrdy..rental also high class lo brows.gif
Seriousdealerboy
post Dec 30 2013, 01:08 PM

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QUOTE(hey_there @ Dec 30 2013, 01:05 PM)
Maybe can consider pasar malam. At the same time, u can test the market and see whether ur product can sell or not b4 u go into malls.
*
i kinda agree with this..
and dont need to aim big mall first,aim for those simple shopping mall,and then focus on ur advertisement on fb or lowyat..

build a customer list first..when u confident slowly go higher..

deploy a base by base..dont rush..

20k if plan wrong..sekejap aje gone..
kaiserwulf
post Dec 30 2013, 01:43 PM

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Small money big thoughts... try with small money small thoughts... open your small kiosk at open air hawker centre also not bad... like ss2 there always busy got hungry hungry hippos... smile.gif

Your rental also not as high as midvalley but you get the traffic you want... ofc in the FB world, you 'lose face' la abit...
SUSWintersuN
post Dec 30 2013, 02:30 PM

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QUOTE(Seriousdealerboy @ Dec 30 2013, 01:08 PM)
i kinda agree with this..
and dont need to aim big mall first,aim for those simple shopping mall,and then focus on ur advertisement on fb or lowyat..

build a customer list first..when u confident slowly go higher..

deploy a base by base..dont rush..

20k if plan wrong..sekejap aje gone..
*
oh no la im not aiming for big malls.. Im also doing a detail planning and din rush to open many chains at once
ace.princess
post Dec 30 2013, 04:23 PM

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20k for initial set-up, with nothing left to cushion subsequent operational costs?

NO way.

How daring of you to assume that you'd turn an awesome profit upon day one of opening.
SUSWintersuN
post Dec 30 2013, 04:34 PM

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QUOTE(ace.princess @ Dec 30 2013, 04:23 PM)
20k for initial set-up, with nothing left to cushion subsequent operational costs?

NO way.

How daring of you to assume that you'd turn an awesome profit upon day one of opening.
*
no operational cost cos is small business. Worst also is only gaji pekerja at end of month but sure wont la until 1 bizness also dun haf.. Maybe enuff to cover then not get profit at 1st month or so..

If big business then i understand la need operational cost. Correct?
loki
post Dec 30 2013, 04:36 PM

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QUOTE(WintersuN @ Dec 30 2013, 10:49 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?
*
Rental and deposits gonna cost more than that already in shopping mall..
SUSWintersuN
post Dec 30 2013, 04:39 PM

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QUOTE(loki @ Dec 30 2013, 04:36 PM)
Rental and deposits gonna cost more than that already in shopping mall..
*
yeah thats my main concern too.. so i haf to scout for reasonable rental mall if wanna start at that budget
nakedtruth
post Dec 30 2013, 05:24 PM

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depend on what business and location. rent, equipment, salary, stocks and some reserve cash. 20k very tight la..

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