1. Don't take too long.
2. Don't make yourself look naive asking for questions that you can get the answer easily. Call up Magic. Stop asking and start moving. This is the first sign of procrastination in the eyes of many.
3. Look at existing business that have developed through Magic. Is the output is something that match against what you favor? MaGic is not the only platform for Entrepreneurship. There are others. Learn to research and use google better. One sign of failed business is having candidates that ask too much and failed to learn by themselves.

We need to understand few things. There's no guarantee in Grant or support from Government or any agencies. I've seen many promising ideas felt on deft ears in the end. In these current times, loans are hard to get. Many promised grants have gone unanswered. Some are even abandoned halfway.
It's doable to get into magic. Unless you've tried and failed continuously, you need to start looking into why they're not taking you. But if what you have is radical and is something worth it (just the fact that the listeners are not critical enough towards you), some of us here can pull some cables and see how we can help you. But rest assured that you need to be better than convincing.

The bakery near her house?

yeah been trying to find some other alternative. google-d but some are less known, hence have doubts about it. which is why i was asking what other agencies can do something similar.
some that i found that gave seminars/training were for a few short days, a farcry from the many months of MaGIC's offering.
and then there are those that just give grants and doesn't seem to have an outline of what they'll teach, which doesn't help much for a first timer

sent an email to MaGIC but it's been like a week for them to reply. might call then. just saying that at least i've tried to contact MaGIC and not doing this blindly la

extra question, should a first timer be worried being under a big company? as in company says they don't need anything, but nothing comes free, so maybe in one way or the other, we will have to give something back to the company like decision making, profits, etc.

Depends on your risk appetite. Do you need an education in entrepreneurship before you can kick off? Ask yourself that. If you think MAGIC multi-months and weeks of learning seems to be able to teach a lot is something you would want, then go ahead. If you think, you can find the syllabus and learn it for yourself, sit and discuss with others so that you don't have to wait 6-12 months before you can start something. Then don't do magic. Some of us make-do what we have because it's time critical. While some, to those that's more into enterprise retail structure, self-sustainable designed business may want to slowly look into education and support platform. Like someone that have superior family secret recipe can penetrate the market slowly and do things at a pace which is monitored, these are low risk entry. Then yes, go for the education.

Normally, if they're willing to try on the ideas, they will want to have control over it in the event you failed to drive it. There are many supporting plans available, some are in the forms of grants which originally loans, some will provide loans if you have collateral. Some may insist of a controlling shareholder on the company to which they can recover the capital fast from the early profit gained. These may result in them offsetting their shares as the company progress and let you take over which they will stay at 30% or less in the end.

There are many structure available on how investor may wan't to participate. Some provide platform and resources which let you tap into their existing business strength to kick-off. While some don't. Yes, nothing is free.

yes. nw become malay restuarant

need the education, so MaGIC is the only option? since none of us have any relationship to established entrepreneurs and none of us have any experience. of course we are doing our own research and knowledge, but i'm pretty sure attending classes or talks with asking them is much better than reading a book on the matter.
guess we could go to seminars and talks too while we wait for MaGIC to open their application.

I have ventured into many investments areas and portfolio. Most of which failed before it can even return any serious ROI. To which, I would lose some and at worst (where mostly worst), 100% of the investment.

I sit with people who at first excited about what they have thought of. They explain and present beautiful ideas (beautiful is from their perspective), although some of it is something I do not encourage (e.g. F&B), but their eagerness and persistence normally led me into thinking "Ah... what the heck, why not?". Now, it's not that I do not think F&B will not work, but not from a perspective of an Investor. Let me explain further.

A Food truck, Cafe, Restaurant ....
1. There's just too many of it.
2. Too competitive.
3. Unique concept will not last unless you keep innovating. And Innovation don't last. Someone will copy and beat ahead of you.

"BUT, If you're planning to feed yourself. Then yes."
1. Food trucks can easily score 100 sells a day.
2. Fusion concepts with 5-10 bucks per meal can do 500 a day (15k a month sales)
3. 40% goes to your Cost-of-goods-sold. 10% goes to assistance salary and maybe another 10% to MICS & maintenance. Now, this is considered efficient and optimized to which your waste-management is top-notch. Those in start-ups normally failed to leverage this and their end-day income are usually 30% or less.
4. Roughly, at 15k sales. You're still able to walk away with 4-6k a month and this is self sustainable. To an individual? Yes. From an investment standpoint? No.
5. Lets not dwell much on why it's not invest-able as the risk factors are too dynamic and the single-point-of-failure can wreck the entire business down. (Single point of failure? ... Well, if the guys runs it decide to take a break or give-up, investment is screwed).

Drop Ship? Well, the market is dynamic now with online retailers are popping everywhere. Something unique today is too competitive in a month and will be obsolete in 6 months.

Investors needs something not just around the ROI, but something that they can see running even after 2-3 years in business. We need something solid. Youngsters nowadays failed to look beyond that point that is why when they just jump into a portfolio, most of them failed. They do not know how to manage their accounts, risk, diversification, use the best tools, find the best options, sit down and really dig into the business concepts and thoroughly simulate it. Their lack of patience and critical to comments, makes them a risk to the eyes of investors. The moment someone challenge their concepts, run against it, comments on it.... they get hot headed, blocking you out completely rather trying to explain and face the challenge.

Many nowadays failed when it comes to that. Challenge them, and they will give up trying to convince you. These are not the kind that investors look. We want our money to go to someone that could really stand their ground, convince and push forward. How the heck do you convince the public and keep things running when it gets hard when you can't even convince the investor?

What investors need.
1. We need something that's not just break-even
2. Something that could last
3. Driven by someone that is serious and would persevere.
4. Even if the business model is similar, existing concepts, but they know how to make it work. Convince. Show data. This is where they lack.
5. We don't need someone that give up answering before it even start. (E.g. How do I know? We haven't done it yet.... kinda mentality)
Many business fail because they lack "Sustainability". And when the word sustainability comes ... all they can think of is "More Capital". From my experience, most of the youngster I've meet are just too pampered (manja). They want something. Hoping to get it done fast. Hoping to make it big fast. Hoping to get rich fast. Hoping to live the easy life fast.

(to be continued.....)

I started my engineering business more than 10 years ago.  Our customers are all kinds of factories and industries all over the country.  We serve utilities such as power plants, water treatment plants, car assembly plants, chemical, food, biotech etc.  We are very lucky we do not serve or concentrate heavily on oil and gas and as such are largely spared from the mess.

  Despite stiff challenges and many ups and downs I would describe myself as modestly successful and stable in my niche engineering field.  My company has amazingly low overheads as we threw out all the deadwood since last year.  Hiring regular staff (mainly fresh graduates) to maintain company business and to serve customers has been our chief disappointment.  All seem promising but none delivered at all, not even remotely close to expectations. 

We have fixed this problem for the near future and continue to seek talents who can deliver performance results. We presently have 12 vacancies waiting to be filled. We are still in the black and our company look forward to the future to acquire more business to meet our profit target.

i see

not bad, can make quite a bit of money eh  

The only concepts that's tested and lasted through time is "MAMAK". Chatime, and others ... got in first and penetrated the market right. Duplicating similar concepts is not advisable in today's time. Yes, food business can work but depends on what business. How much is investor willing to throw on a new food chain business.

Everyone is "openly saying" economy is bad, people loosing job, government have no money, but failing to understand these are not important to us. We need to stop talking too much and start thinking. Regardless of economy, people still eat. People still move. People still gets sick. People will still buy. There's always opportunity even in the worst.

To give you an example. I've favored those "Seafood" restaurant and have always look into ways of making one. But you see, I don't have the expertise although I may know people. Maybe in 1-2 years time or maybe when I bumped into someone that might know how to make it work, I'll throw my money in it. Why? Look at those seaside in Melaka, NS, where seafood restaurant flourish like there's no ending. People will pay to eat and these are the kind of business that could last. But those concepts got it right because they're at seaside and even if that may be a factor, we've seen several in Port-Klang that died. So, it also depends on how we make it happened.

But trying to duplicate similar concepts in KL/Selangor Central Areas is going to be tough. Unless the location is good, niche, ... the food is similar everywhere. In the end, it's just the concepts that got it working. (Primary Factor). Getting people to talk and how social media tend to over-hype it and make the business grow with attention .... etc... these are all secondary.

So again, it depends on what kind of chain restaurant are we looking at here. If you're to challenge fast-food-chains or instant-mix, look through the concept if it's something socially lasting or not. Too many havoc at the start and the buzz just die after few months.

But then again, There are many investors here that scout for talents and ideas. If you have something you think might work. PM us.

bro ..u write too much here...get some good act instead . Right act Will give you higher successful chance.
good luck

Now, what you need to know is where does your project really stands in it's size and value. what kind of impact goes it gives? Is it just another entrepreneurship enterprise ideas? Or will it be ground-breaking upon going live? We got to stop becoming very-positive and be realistic. Everyone wants to make it big. But seriously, look at your business and say will pass through the benchmark beyond self-sustainable within 6 months or 12? Does it have potential for chain-reaction? Or will it have external market potential? How many export products have failed when they thought they can penetrate international market.

Example: If I'm going to introduce something that's revolutionary in the hotel & tourism industry. Do I talk to Magic and have my product launched? Or do I talk to Tune Group and Pitch the idea to them. Tune can make use of the tourism, with their hotel and air-industry. Something that they can leverage on. This is how we benchmark how starters pitch their concepts forward, how they know the market and what kind of effort they put into their ideas and work. For most that do not know where to start and still boggling with the idea of learning entrepreneurship and struggling for support, thinking seminars and attending classes would make a big difference, by all means .... take your time.

It seems like you're still unsure of where to push your ideas to. And hoping for an established platform to help start, push or maybe guide your way through. Not everyone are fast. And not everyone are risk takers. If you feel waiting for Magic is the way forward, then ... do so. But is it the only option? No.

Don't wait to form relationship. Make one. Is it hard to get to Tony Fernandez? No. Try it...and you'll know. (And this is just one example). Of course he got no time for rubbish. So make sure you're ready and realistic.

Structure your research and knowledge gathering. Do it in a form of business simulation. Start it. Simulate it. Run the simulation like a real business. Actual accounts. Cost, Profit analysis, Projections, Etc... If there is an existing model out there that is similar like (Food Truck, then pick one and use them as your case study), Throw challenges to it. Come up with contingencies, risk planing, etc... against it. Continue to push it and when the day comes you go live. You know where you are. It will put you in a much mature standings compared to those that are still hanging around asking question on where and how and what. Magic might like you more.

Me n my dad failed many MLM haha

Tldr