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20k enuf to open small biznes?
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max_cavalera
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 Jan 1 2014, 01:32 PM
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QUOTE(hey_there @ Dec 30 2013, 07:41 PM) 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... +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... |
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max_cavalera
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Jan 9 2014, 02:16 PM
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QUOTE(WintersuN @ Jan 1 2014, 09:10 PM) What kind of biz is yours? Its hair saloon in a shopping mall. |
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max_cavalera
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Jan 11 2014, 01:02 PM
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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....
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max_cavalera
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Jan 14 2014, 08:49 PM
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QUOTE(WintersuN @ Dec 30 2013, 10:45 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. 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... |
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