12 months.

wow.. thats really hardcore..

so u tahan 1 year for your business to pick up and continue rugi? if me i think max 6 months rugi already give up

Wintersun,

Yes it was a good deal in the long run. Once it was in the shop it is business as usual, I still haven't had to top up any of my personal money towards the tom yam, and all upgrades was paid by the savings that we had put aside within the tom yam's account. I know I was extremely lucky, because even the guys that came with the warong is still with me after all these years...

Excellent idea on the 2nd hand furniture shop... . For our new office, I plan to do all my furniture purchasing using the 2nd hand furniture idea. A friend of mine introduced me to chaitradings.com.my. They display all their furniture on the web. Seems like a good place to start and I see their price is lower than expected.

Good Luck.

Shah.

There's many shops selling used furniture in malaysia. I found out those shops in google. With price and pic.

This is normal for biz owner la. It's not easy. But have to have plans lo. Most biz owner don't get paid in the 1st few years. Whatever money that u earn, will have to pump it back to biz.

Depends on where is the mall because of the rentals. Just a small stall 20k maybe just sufficient for first month operation? You should save up more and do some survey at the mall that you intend to start your business at.

At least have some spare cash in case the business during first few months are not ideal. So you won't have to end your business. Think in the long run.

best to look at what you areas are good at. that way the money can be put to good use.

if u invest in something you're not good at, then good biz also can lose money.

Its hair saloon in a shopping mall.

2nd hand market is booming as people become more cost concious. good luck!

Yes, I agree. U don't have to pay GST to buy used stuffs.

hmm, i did know that. hehe.

Alternatively u could use 20k buying auctioned flat in a good lication. Passive income of rm250-350 a month confirmed ....it might b my cup of tea but not urs....

but auction flat inside condition is quite bad fo rm20k, no ?

I have once plan to start a business with 30k on hand , selling something like bubble tea as well, RM 20k just enough for Rental ( RM 2500 at wangsa Maju Area, very small shop without toilet ) and Equipment , something like juicer 1.5k (slow rpm kind of juicer using squeeze tech) , blender 1.5k (those use in coffee shop), deep fryer (few hundred), pan (few hundred) , Kitchen stove (5k). And MOST IMPORTANTLY, you need 6 month additional money in hand to cover all the fixed cost (just in case that ur products cannot sell)

p/s : if your business is good , 1 juicer is definitely not enough if u are selling juice as main products, i saw those hawker using 4-5 juicer at once ( slow rpm 1 and those traditional 1 using blade techno - diff fruits will needed diff juicer for it best performance)

This many way to make money n b rich. Not only thru entrepreneurship. I realize I'm very interested with this field n keep trying n fail when in my early 20s.

But if u juz wana make lots of money n keep em... This other way as well... One of my fren is enrolling for a simple diploma course in Australia...2 years visa n once completed n u get a job thr gov will consider for PR status for u... Go the on a ticket as a part time student n work as hard as u could...the pay the is very high minimum wage is 16aud per hour...that's like rm50 hourly rate... One of my office colleague whose been the can save rm120k-140k in just 2 yes time.. Use the 20k in ur bank account as proof to get a student visa that u have the money to pay for ur course thr.. Meanwhile me working here want to save 10k per annum oso separuh mati lol...

RM20K is definitely enough. Starting off as a pushcart operator is not expensive, normally from RM 800 to 2000 you can rent a pushcart in hypermarket (depending on location). Usually, just 1 month rental deposit.
If you want to know what is best to sell, go to any wholesale center and see what is available. Personally, I think Ladies Accessories is the best products.

Go around shopping malls, hypermarkets to survey and see how they are selling and come to my shop in GM Klang to check your "Cost price". Then, do a simple calculation of Expected Monthly Sales - (Rental + salary + Product Cost).

This may not make you big money, but the risk is so much lower and a good way to learn how to do business.

This post has been edited by PM Borong: Mar 4 2014, 02:25 PM

erm, apply for a decent job.
(1) invest the 20k in stocks; insas (currently 0.87), furnweb (0.82), lafmsia( 8.83) ~ you choose which one to invest.
(2) every 3 mths put in the savings you put aside from your salary
(3) 36 months later, the money in these counters would be more than the small stall you intend to set up.

People looking for an apple and you giving them a durian.

durian better than apple. thus the durian. why give an apple when I can him the durian?