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> FAILED ENTREPRENEUR! Come In.., Share your failed ideas and experience.

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SonnyCooL
post Oct 9 2016, 07:12 PM

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QUOTE(graphidz @ Oct 9 2016, 04:08 PM)
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.
*
1. First solve ur personal issue, think abt nothing other than ur own stuff.
2. Move ur ass, do what u plan to do.
3. Cut all those bs, you not there yet, focus on what u good at.

nikita zuleica
post Oct 9 2016, 07:16 PM

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Hi TS
nikita zuleica
post Oct 9 2016, 07:16 PM

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Still live in KJ?
SUSGoldenHorn
post Oct 9 2016, 07:19 PM

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QUOTE(ipohmali70 @ Oct 9 2016, 09:18 AM)
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.
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Interesting.. hmm.gif
getalong6165
post Oct 9 2016, 07:25 PM

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Janji buka hipster cafe jadi boss than work 9 to 6
ciahcra
post Oct 9 2016, 07:30 PM

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QUOTE(ipohmali70 @ Oct 9 2016, 09:18 AM)
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 would like to know, how do you cope with the workload after you threw out all the deadwood, because you hired them in the first place to do the works that need to be done. Do you reduce the workloads? Or you outsource some of it?
TSSplynncryth
post Oct 9 2016, 07:36 PM

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QUOTE(nikita zuleica @ Oct 9 2016, 07:16 PM)
Hi TS
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QUOTE(nikita zuleica @ Oct 9 2016, 07:16 PM)
Still live in KJ?
*
I have several offices. The one in KJ is currently running the critical business side which I spent most of my time at. I Live in Shah Alam.
SUSDSEcomp
post Oct 9 2016, 07:45 PM

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i still do my biz , just post some smaller part to KL last week,
promise but fogot to pack and asleep , next day cannot sempat dy,rush to work,

then next day night i wrap at 12am , during working hour i call poslaju pickup to pickup , i ask my sister post for me and p ut my money on the table to pay posmen,

i in few month can restock my items , but i feel i am too tired to do this business
silverwave
post Oct 9 2016, 07:48 PM

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Interesting thread, how about any experience on online businesses that failed?
TSSplynncryth
post Oct 9 2016, 07:53 PM

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QUOTE(DSEcomp @ Oct 9 2016, 07:45 PM)
i still do my biz , just post some smaller part to KL last week,
promise but fogot to pack and asleep , next day cannot sempat dy,rush to work,

then next day night i wrap at 12am , during working hour i call poslaju pickup to pickup , i ask my sister post for me and p ut my money on the table to pay posmen,

i in few month can restock my items , but i feel i am too tired to do this business
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It is tiring. I've seen a lot of these trends and when things doesn't move, items goes out in wholesale. Not to mentioned tireless amount of time pushing items through online, car booth, events, here and there ... and most of them who's looking for the additional thousand or two at months end will result to Uber/Grab.

As much as it may be sufficient for now to keep things afloat, what about long term perspective? Have you thought of anything in relation?
SUSDSEcomp
post Oct 9 2016, 07:58 PM

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QUOTE(Splynncryth @ Oct 9 2016, 07:53 PM)
It is tiring. I've seen a lot of these trends and when things doesn't move, items goes out in wholesale. Not to mentioned tireless amount of time pushing items through online, car booth, events, here and there ... and most of them who's looking for the additional thousand or two at months end will result to Uber/Grab.

As much as it may be sufficient for now to keep things afloat, what about long term perspective? Have you thought of anything in relation?
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the fella wants to post to kl ,

so i cant cod ,

if cod i suggest at night , but i gt a little fear also sometime cod ,

i doing all these things alone ,

my sister n mom wont listen phone call ,

that day i ask pickup , poslaju call me say he reached , i called my sister 5-6 times and mom 5-6 times nobody pickup,

i so frustrated ,

after some long hours my sister sms me already post..........


i worry also ,

if cod i can meet at night , or saturday or sunday ,

this is postage, i think think i really cant do postage already , normally the user cant wait till saturday post......

saturday no courier will do on call pickup ,

saturday sometime pos office no open , for that pickup i call poslaju pickup without account , i need to cut my untung rm5 for arrange pickup without register account with them,

i hv skynet account but very expensive rate
graphidz
post Oct 9 2016, 08:01 PM

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QUOTE(SonnyCooL @ Oct 9 2016, 07:12 PM)
1. First solve ur personal issue, think abt nothing other than ur own stuff.
2. Move ur ass, do what u plan to do.
3. Cut all those bs, you not there yet, focus on what u good at.
*
1. uhh... what?
2. yeah i'm doing what i'm planning to do : researching
3. what BS?
fu'house
post Oct 9 2016, 08:01 PM

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QUOTE(Splynncryth @ Oct 9 2016, 03:38 PM)
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.
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I just got to reply to this, to an elite.

If you notice, some mamak do close down. They do business but soon they will suffer from their ill gotten gains. How many people learn from being "slaughtered" by ridiculous pricing? How many of you had stomach aches after a meal there? This will amplify (people thinking twice to have a proper meal there) when prices go for a few more rounds of "UP".

Seafood restaurant would be a headache if you had invested on a group of people who couldn't prepare up to standard/overpriced/reputation of establishment or owner. Best example? None other than the famous Red Shirt Man - Sekinchan Ikan Bakar. How many branches today vs few years ago?

Folks will always say economy is bad at the slightest hint of "price increase, lack of job opportunities". Prices will increase even if we vehemently deny it. For FnB, if your price is right, food is average to good, delivery optimal speed & no slip-ups, you can expect a line queuing up for a meal even when it's a rainy day. As for investing, choose your man/woman/group wisely.

"Regardless of economy, people still eat. People still move. People still gets sick. People will still buy."
- The only problem is opportunity to tap into a business or you feel the lack of handling/giving the service e.g. you aren't a doctor & it's wrong in every way for you to treat people. Anyone would still pay bills, get married, buy things for their child, school necessities, pay for healthcare, pay for transport, pay for your demise or others - the niche and needs are always there, but the one who can provide can earn the $.

I daresay, the way McD is running their business today, you will see less people lining up.
- Most of their new promotion "sets" are above 12. It used to pull the "poor" crowds to eat something "new" for 10-ish. Their portions had shrunk.
J1g54w
post Oct 9 2016, 08:11 PM

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QUOTE(Starbucki @ Oct 9 2016, 10:31 AM)
Business is overrated. If you cant get thru college what makes you think you can succeed in business. Lets not get started on the bill gates example.
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I have to disagree. You can't judge a fish for its ability to climb trees. Some people just don't have interest in academics. That doesn't mean they can't talk to people, deal with suppliers and sell products. Some people may not like chinaman companies, but most of these fellas didn't graduate and still they own a significant chunk of the businesses in the market today.
myasiahobby
post Oct 9 2016, 08:11 PM

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QUOTE(DSEcomp @ Oct 9 2016, 03:14 PM)
my ex-school junior straight A girl student,

her parent sit merc and cefiro , live in tambun indah,

she was highlighted in chinese papers , her dad ask her to further study after spm but she choose to become businessperson ,(dad keluar duit)

open huge corner bakery shop , hire alot schoogirls , then business no good,sack people and become less  n less staff.

then no people , they convert into seafood restaurant , but in the end also bungkus

in the end also bungkus all together
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even highlight in the star news paper. the shop open for cuci duit lah...
#Epol
post Oct 9 2016, 08:14 PM

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QUOTE(J1g54w @ Oct 9 2016, 08:11 PM)
I have to disagree. You can't judge a fish for its ability to climb trees. Some people just don't have interest in academics. That doesn't mean they can't talk to people, deal with suppliers and sell products. Some people may not like chinaman companies, but most of these fellas didn't graduate and still they own a significant chunk of the businesses in the market today.
*
Definitely right...a lot of business people didn't have excellence academic background...one of easy way to make money in malaysia are by selling beauty product..
myasiahobby
post Oct 9 2016, 08:20 PM

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Hiring peoples to work always make me vomit blood.... they think there are the boss.... this will give bad impression to the client.
Chisinlouz
post Oct 9 2016, 08:28 PM

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Hi TS.

Im from agricultural sector. Definitely no fast money but possible for long term return.

Growth? Possible.
Risk, high. Preventable? Yes.
200% return, no. 120% return, can make it.

SonnyCooL
post Oct 9 2016, 08:31 PM

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QUOTE(graphidz @ Oct 9 2016, 08:01 PM)
1. uhh... what?
2. yeah i'm doing what i'm planning to do : researching
3. what BS?
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Dont think of why or what in other mind, at this stage, even everything fail u still have great experience u catch from there ........

For some ppl they invested in to few hundred company in very early stage (angel), they dont bother .....

Angel , all abt relation.
Series a, all about concept.
Series b, all about static.
Series c, all abt profit.



SonnyCooL
post Oct 9 2016, 08:33 PM

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QUOTE(silverwave @ Oct 9 2016, 07:48 PM)
Interesting thread, how about any experience on online businesses that failed?
*
I have a online golf store hiring ppl to manage, intrested ?

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