the following are some of the factor of business failure;

1. Lack of market knowledge
2. Limited cashflow
3. Hired wrong employee/high staff turnover
4. Contingency plan
5. Too many shareholders with profit mindsets
6. Unrealistic APEX/OPEX

Just like what the title described, we have a lot of discussion in relation to potential business, struggle with income and expenses and the thought of opening and running business to change for the better. Like most that tried, many failed and succumbed to failure to which some have resorted running back to existing 9to5 worklife.

Platform like dropship, food trucks and Ride-sharing businesses have given opportunity to many looking for temporary life support in our expanses while waiting for other opportunity to arise. As much as it is, its no way a long term sustainable platform anymore for those late comers and any new ideas or concepts tend not to last before being obsolete, leaving owners srtruggling to even break-even on the investment. 

Although this may not be the case for all, it is to the majority. We hear Lots of vent in frustration and panic when economy aren't lively as how it used to be and discussion over job security, salary and income tend to be quite critical now.

What this can provide is for us to read, learn and understand from others in areas that have failed. Probably gives better insight to those plannning to start on the do and don't. But this can also be an opportunity for hunters looking to invest in areas that may have failed due to insufficient capital; opportunity to re-start and finding candidates and partners with streetwise capability; where in most cases... not listed on resume.

The more you share, the more we understand and the more others know your potential. Not due to the failure you've gone through, but the potential you have that could be channeled in areas that can be a success.

As for me, I'm an investor. I run several businesses and have been looking for opportunity to invest in niche areas if exist. Also, looking for candidates not from what qualification they have... but what they can contribute from the experience they have.

Do share. Thank you.

We should organize a group meeting of lowyat members.

1. Share Ideas
2. Discussions

Which may lead to

1. Knowledge sharing / Partnership
2. Setting the very first lowyat association club

Which may inspire to be

1. The very first in Malaysia forum driven Corporation where members can pitch ideas and projects that could generate income for the corp.
2. Members can be contributors, investors, part-timers contributing their skills where they can earn income.
3. And the project as a whole can be made to generate larger income which will then distribute and shared across.
4. We have people with various background, skills, knowledge, wisdom, experience and connections here. We need documents expert? Proposals writing? Mind-blowing graphics and presentation? Best talker? Best Joker? Good looking people to awe the audience? .... We could have the best of everything combined into one driven part-time/online corporation.
5. Imagine pooling this all into one large family/part-time contributors for a particular project or vision.
6. The world's largest forum driven corporation?

Well, That's just a thought, but it's a cool idea actually. And for those who loved to troll. We could use their skills of disruptions for other purpose as well. And I'm sure there will be trolls replying to how difficult is it to set one up. Doing it alone would be "impossible" but do it as a group? So take the "Im" away and everything will be "possible". 

Hi,

I've still sticking around with my main job which is on web, desktop and mobile development. Most of the time, involves full stack development from front end to back end.

Here's a thing, my main job is not giving high enough salary but with high enough freedom to go anywhere and work at any place as I want. Of course, I'm not abusing this freedom which for the past 10 years experience, I don't see such opportunity.

As for opportunity, I was juggling between online part time development job as well as trying to get a grip into game development mostly focus on mobile.

I don't think the part time development is sustainable in long term but I do need those extra income whereby it is not stable at all. As long as I'm not tied to any part time development, I will start learning and venturing deeper into mobile gaming development. The thing is, while trying to think of simple idea and work ahead on it, I constantly found myself lacking on drawing and animation skill. So, I just use those gibberish type of static arts and play around with it.

I did contact one of my ex-colleague regarding his intention to join me on venturing this mobile game development because I need ideas and his prowess skill on drawing and animating. It seems that he needs some development cost on his side and unable to venture deeper due to uncertainty which I do agree. Unless I came out a brilliant game idea and discuss with him, I doubt I have any potential to have him onboard.

From what I can understand, in order to pull off, I need a developer(mobile + server) which I'm fully responsible, a planner + marketer which responsible for marketing as well as sharing idea and lastly, an animator. Otherwise, this will be a constant hang around without proper move forward as far as I'm concern.

I've even came across a few games development companies that what they did was eventually developed several types of games on mobile to get which games has higher percentage of income through in-app purchase. But somehow, the volume didn't speaks much and after 3 to 4 months after each games released, they resorted to add in ads for extra income.

To be honest, to have a game as easy as flappy bird to hit the spot, I don't even dream of it but I was thinking of developing games to see any potential to hit off.

Mind to share what's your thought on this?

We should organize a group meeting of lowyat members.

1. Share Ideas
2. Discussions

Which may lead to

1. Knowledge sharing / Partnership
2. Setting the very first lowyat association club

Which may inspire to be

1. The very first in Malaysia forum driven Corporation where members can pitch ideas and projects that could generate income for the corp.
2. Members can be contributors, investors, part-timers contributing their skills where they can earn income.
3. And the project as a whole can be made to generate larger income which will then distribute and shared across.
4. We have people with various background, skills, knowledge, wisdom, experience and connections here. We need documents expert? Proposals writing? Mind-blowing graphics and presentation? Best talker? Best Joker? Good looking people to awe the audience? .... We could have the best of everything combined into one driven part-time/online corporation.
5. Imagine pooling this all into one large family/part-time contributors for a particular project or vision.
6. The world's largest forum driven corporation?

Well, That's just a thought, but it's a cool idea actually. And for those who loved to troll. We could use their skills of disruptions for other purpose as well. And I'm sure there will be trolls replying to how difficult is it to set one up. Doing it alone would be "impossible" but do it as a group? So take the "Im" away and everything will be "possible". 

The beauty of it, is that It can empower anyone at any scale for any projects that they want to do.

Not many of us are fortunate. Thus, Let me give some perspective

1. A Burger Stall
- Cost of startup of RM10k
- Submission of proposal to Lowyat Association Club.
- Documentors prepare a simple write-up and have it pitched across the club.
- 100 investors decide to help by giving RM 100 per person.
- The entrepreneur gets the fund and proceed with his start-up.
- Give us 1-2 weeks progress picture which are all made transparent on the website.
- When go Live, Maybe on a bad day projections, he sells like 50 burgers.
- Documentors keep close eye on the progress. Tracking of Income (CoGS, Expenses, Amort, Etc..) and outline a net operating profit while the burger handlers salary not included.
- From Net, he gets to keep like 70% and the balance get's back to the Investor.
- 50 burgers at RM4 each is 200 bucks a day. 4000-500- bucks a month. With 50% of all expenses. He walks away with 1500-2000 net if lucky.
- Owner gets to keep 70% of it and we the investor get's 30% which may be RM600 or less a month. Split that with 100 investor. That's RM6 per month and that's breakeven in 16 months.
- I know it's small. But this is worst case scenario.
- If he sells like some places I know where they do like 200-300 burgers a day. Who knows? That's ROI in under 6-12 months then.
- And after ROI, it' free money every month. Little here and there. You get to be a part of a community that does many things.

Pro:
- We get to support the community and take pride of being part of a development or community.
- We get to pitch support, help with sales by buying his burger, recommend, and others.
- Various skills in Lowyat can help with the design, posters, etc...  Keep the cost low.
- Administrator in the club, will track all facilities and assistance given and an allocation will be given upon profit.
- So we help first, and when they make profit, they give us something back.
- Imagine helping someone with a poster which takes 20 minutes of your time. If it works, you get like RM20 monthly as long as his business exist? Why not?
- These groups of expertise will be put into allocation by groups and contributions.

We can work the mechanics later. Procedural. Etc... But the idea is simple. Pitch in, Help, Contribute, We got nothing to lose. We can help them grow. We can help them promote. They make, we make. Everybody win.

Throw this idea on a fancy setup that needs larger capital? And the return might just be worth it.

Think about it.

Is it sustainable to run a small photocopying shop in a taman?
Shop Rental around 1K
Rent 2 machines about 300 per month
There is no other competitor yet beside 711
Taman with 1,000 houses

Just to remind that investment is not business
Entrepreneur is businessman not an investor.