Nowadays, 20k is to pay rent only if it a shop.

Road side stall then ok. Ramly burger also need 6k

It's hard to say. I don't have any biz during my 1st month. Biz starts coming in from 2nd month but not enough to cover operational cost. It is normal for new biz. To be safe, u must have enough money to sustain for 1 year in case ur monthly sales is not enough to cover ur monthly costs. Not being negative but u must prepare for worst case scenario in biz. Must always have plan B, plan C or more...

Hmm, this thread is interesting...

wanna ask what about service biz? Say for instance, a real estate agency or property management company and valuation firm. Or all in one.. One stop services? Anybody have experiences in this? It usually cost how much? Will open a few branches in different different areas.

If u r doing it small should be enough. Small as in not many PC. U can buy 2nd hand tables, chairs and cubicles. Might need to spend some money on a/c, carpet etc. but nowadays, u can look for a place with semi furnished for office used. Some places with ready partition and carpet suit for office use.

+100.

Talking from experience. Be prepared with fund capital minimum 10 months to 1 year to cover rental n ur minimum living cost. New biz takes time to take off....my ex boss when open new branch standby minimum 1.5 years without any meaningful operating profit...

WOW. thanks a lot for the input never thought of 2nd hand furnitures. You must be very experienced in setting up business. ..  

20k to set up a kiosk inside a shopping mall is insufficient as malls requires us to pay at least 3 months rental up front. On top of that,the rental of kiosks could be as high as the rental of a shop lot. The cheaper option is to set up push carts.

agreed.. my budget of rm40k also not sufficient let alone 20k...
if anyone know a good place to rent inside a shopping mall, fnb item
(budget for rent is rm2.5k monthly)
do let me know...

What kind of biz is yours?

Which mall u ask? 40k not enough for the rent or everything? Kiosk only wor

How many months u tahan before businesses start picking up?

around puchong/ seri kembangan area..
if rent enough, 20k already enough, but for setup + 6 month overhead expense...
nope...

yup.. im targeting kiosk...

This post has been edited by slowkancil: Jan 1 2014, 09:01 PM

hello taikos,

i am starting uo a business with quite the same fund, would like to ask if opening up a sdn bhd directly or just start small with enterprise ?

sdn bhd need 100k profit only can register

tq wintersun for the advise

error suspected!

Wintersun,

you don't need 100K to register, a sdn. bhd. can be registered without any money in it. In order to register for government of malaysia tenders and other GLC's business they would ask for your paid up capital and that can be the requirement for 100K. Now, paid up capital, if I remember correctly (please correct me if I'm wrong) can be achieved in 2 main ways:-

1. To place a RM 100K deposit into the company account and take the deposit slip and give it to your company secretary who will then charge you a service fee to complete the 100K paid up capital process or;

2. To use the various deposits that you will be getting throughout the time that you are in business and provide to the company secretary who will then charge you a service fee to complete the 100K pad up capital process.

It all depends on the speed of your requirement and upon providing the deposit slip to your company secretary, you can immediately take out the money, or at least that was what I did when I started about 9 years ago. And further more you don't need to have 100K in profit.

The Government of Malaysia also has tenders which are for enterprise based companies and I believe that it is usually under RM 200K or so (again I am not sure you will have to check on this). But if your desire is to do business with the Government of Malaysia, you would have to register yourself with eperolehan and to get the necessary bidangs to be able to transact with the government. This applies for either Sdn. Bhd. or enterprise.

About the 20K budget to start a business again, everyone in the thread has given excellent advice. I can relate my own personal experience. I had bought a small tom yam kedai 3 years ago. I had bought the shop (actually it was a "warong" under the tree in a taman), for RM 13,000.00, that included the 6 people (I was shocked because I didn't think I could buy people nowadays), 10 tables, 50 chairs, pots, pans, 2 cooking stalls, 6 drink stalls and others. After paying the money, I had to put in another RM 3K for the purchase of the weekly ingredients. Surprisingly, after 3 years and looking back at it again, I have never had to put into the business any other money. The daily take was able to settle the daily operation costs (gaji and others) and since we bought our "groceries" weekly, the weekly take was able to settle that also. It had been that way for the last 3 years with a slight change, where we had gone from under the tree to a proper shop lot, but that took about 2 1/2 years. So good luck in your endeavor, and I am always excited to see the young people of malaysia interested in setting out on their own. Have fun.

Hi shah,

Thanks very much for sharing your experience. For 13k you get quite a good deal. When you move in to your shop, is the operation smooth and bizness able to cover operation or you need to start building up your bizness again?

lol really..

No la. Coz I have very little fund to start my biz too. Just have to remember, all these doesn't generate biz. Whether u use brand new or 2nd furniture, it doesn't change ppl to take ur service.