Grabgas

There are many ways to look into business. There's no one rule of thumb when it comes to it.

Let's try this ...

Many says how do I come up with radical ideas that work?

Look around us. Lowyat.net provide immense information on what's happening around us. We have people posting up news from all over the sites and hack, some of us just keep on coming here and refresh the main page just to see if anything new pops out. It's an area of congregation. A place where news, stories, ideas, suggestions, problems gather....

How do we capitalize?

Before we move forward, we need to start asking ourselves. What do we want. You want to help the country? Patriotic is your theme? Then there's platform for that. NGOs, Political groups, Etc...

You want to make your money and live life as you please, then capitalize on the events.

For those who want to challenge their thought in entrepreneurship and ideas, let do this.

Below are some of the hottest topic in the country today.

1MDB
- We can bark our way to hell, to some of us, there's bills to pay, child to care and daily life problems that we need to face. Ah, yes, it's fun Drama ... seeing how the top people making fools out of themselves, but come on ... Does it really matter when it comes to entrepreneurship and making ends meet?

Corruption
- We grow up hearing how our parents worshiping and gossips about how grand the ministers and their affiliation tends to live their life with multi-millions contracts and expenditure. We shook them off as bed-time story and hear another soon. Didn't we notice that corruption have been around and no one really care about it? We may not have realized but we do practice them sometimes. But yes, we judge ourselves as angpow or gifts since it's mere few dollars but when a multi-million/billion scandal broke lose, we go ape about it.

Jamal baju merah janji kejadian 13 May berulang
- Uhh... Yes. Racism. We go crazy over it. Telling how JUST and FAIR we are compared to those that are racist. Whether we like it or not, it exist. But one thing we failed to realized is "where it exist".

(From the Majority General Perspective) Do you think it exist among those multi-million dollar business partner where they're living their life as they like? Do you think it exist to those that stripped everything of earthly needs like monks? I don't think so. It commonly exist among those in the income earning people. Those earning and living under certain perspective of competition with eagerness for superiority (So, I can be better than you mentality). No proven education background, public equality, in respective of any form of study have proven or tested by any country out there, that racism have been eradicated. Regardless of what was implemented. It exist. Not to all... but it will continue to exist. And just like corruption, we shouldn't be wasting our time on it. So lets move on.

What can we learn from Jamal?
He may have a business that's no longer sustainable. But look at what he's diversifying into? Propaganda machine that's getting paid in the millions to mobilize distractions and support for the government. If you're put in his shoes with money that could pay off for your children and family to have the best in life, does it really matter what kind of work that you do? Or would you rather see your children stuck in these economy trap and struggling to put food on the table for some integrity and principle which you may throw at the very first sign of trouble. Because honestly, when shit hits the ceiling ... He's far gone from here. With milions stashed sufficiently to support enough for several generations, which most of us here rant on his stupidity. Honestly, is he stupid? Or is he a brilliant entrepreneur?

Long gone are the days where "promise" actually means something. So let's face the music. Lets be realistic. What is integrity? What is Principle? If you have too much time looking for these meaning and trying to look good in the eyes of others for such purpose, it's either you're happy with what you have, or rich enough that you do not bother what others really think. So then yea, have your principles.

MALAYSIANS IN A STATE OF FEAR., MY OBSERVATION FOR MALAYSIA (Local Politics)

We talk about new government and rant about GST. But What different will it make? So changing into a new government provide alternate policies that will make you save 200-300 more a month and you'll be happy with it?

Taking down JL will re-start our economy? Will the change of leadership makes your household income debt improve? We bark on the difficulties we face in events where mostly unrelated to our basic fundemental needs for long term survivability.

How you consider what is long term?

As this is affecting a lot of people, it is a problem for many. Do we have a solution that we can capitalize on? Do we have an idea crazy enough that could drive changes that would ease the burder in people's life? Simplify something? Because this "need" is no longer about targetting a selective group of people that is into your product. The penetration level matters as something this radical and big could provide overall impact in the majority of the population. Does it really matter which government implement our ideas?

Oh wait, but implementing something good while BN is ruling will only make them look good. Now, if you're still stuck in the mentality of others, then forget about this. From a business an entrepeneurship standpoint, you're not ready.

Too big?

Wanna do something smaller? That's where all the entrepeneurship platform and groups are for. You will float with the market and social demands. They move out, you die.

So, this is just a theoretical ... where do we go from here?

(to be continue .... I promise my kids Mc'D and taking them there now.)
- I didn't check if there's typo. I'll check when I return.

I invested in my friend business.

He is a bumi contractor. He got some F&B and other tenders in gov agencies and he needed the money for capital.

Profit can be 60%-80% but payment by gov is always 1-2 months late.

So i have to be patient to receive my share cause need to pay workers and suppliers first. I get the leftover

Hi, Interesting options you got there. Many says that you can't go wrong when going into areas like Food, Security & Medicine. You're definitely not wrong here.

I have at one point looked into a lot of agricultural failed projects throughout the country. Some from Felda, LKIM, etc... to which these agencies are willing to provide you the land if you can look into their failed projects and jump start them again. But due to several factors, these ventures tend to be very slow and we're now looking into options and technology from Taiwan to see if it's viable to have it invested for large long term perspective.

Pushing it into local market currently is just too saturated with tapes and layers of control. Having external investors to assist with jumpstart the investment and later having this raw materials exported to them is currently more viable as it will provide a lock in profit for long term perspective rather than floating our products on the local market.

Overseas country have been looking for stable temperature and environment to grow their food supply as space and cost to produce them have increased tremendously especially in countries where lands are limited. Not to mentioned not all country have the right environment for it. Malaysia, is still a very favorable options to many.

In Layman they say, .... when you get it right and when the crops turns out good. You can sell and get good returns. But the problem is, when you get good crops, everyone else gets the same and it flooded the market (supply > demand) with price that's too competitive to which profits are suppressed. Thus, working for overseas market is far safer than supplying to the local.

But what can I say, our agricultural investment is still very new and chances are you will have better understanding and experience to share.

Thank you.

You might want to look into preferential shares or options in regards to per-project basis here. This way, you can continuously get your payment with little profit and re-invest in newer projects with your friends company.

Sometimes, company may re-roll the capital for other projects as cash-flow is very critical .... some investors doesn't seem to get anything in return for a very long time while the others currently under it's payroll continue to enjoy the benefit.

If the company goes bust, you may feel sorry for him for loosing everything and may put the idea of re-payment aside. But if a preferential-options were given during your initial capital injection, every-time payment were issued to them, you get something back that would reduce your risk and re-assist them in the future.

Just my 2cents.

Parking in this meaningful discussion thread.

than u kena con.
Bumi contractor with kewangan they will received payment before they start.

good thread

Thanks for your input

So how do you protect yourself as an investor? (Stamped agreement? Shares?)

Regarding my investments, i did some initial capital injections last year. Only middle this year start to get something back cuz he keep getting tenders so cash flow is tight.

Payment from where? Maybe u mistaken with construction?

This is about FB, Supply, General works..etc

SME bank and Tekun also no layan him

than he is not class A contractor, just another sub con ....
Bumi Contractor with any gov contract, they can easily can advance payment without requesting it
i have one company supplying Malaysia Army, even now, their advance payment still solid.

I had been thinking F&B for a very long time. Personally I am a reasonable cook in both Chinese and Western. Never thought of asking for investor to invest in my ideas though.

Thinking to start at low cost at home or stalls and work the way up. Still thinking and calculating but still dare not to venture in... probably due to the bad economy everybody had been talking and lack of budget.

This post has been edited by deeplyheartbroken: Oct 9 2016, 11:24 PM

Thread might have little too much theory and high-level content now. Business/ex-business owners such as ipohmali70 willing to share the nitty-gritty?

He is not a subcon. But not those big construction/supply contractors that got CIDB cert. Just a small company that get small tenders here and there.

If i am not mistaken, advance payment is for those large supply project. Like pay 30% before installing and commissioning a factory equipment.

This post has been edited by Le Don: Oct 9 2016, 11:31 PM

that is class A, direct contract from GOV, what ur friend did is sub contract from those Class A ppl than begging for payment

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

Stamped

Although late stamped document may have penalties applied to it, but at least it will be proof that is acceptable in the court.

But normally, we have a lawyer which overlook all transactions. It's normally around RM400 to RM800 per agreement to have them involved, which facilitates preparations, documents, stamping, etc...

It makes your life easier if anything goes wrong.

Well it depends Ministry. Security & Defense contractor can have access to up-front to which we normally negotiate up to 80%. Doesn't have to be class A contractor. These normally varies by contract.

Keep posting this up. Honestly, rather keeping it to yourself we now know you're a reasonable cook in Chinese and Western Cuisine. In most companies, we have War-Chest Accounts which is designed for unexpected investment. Who knows, someone might have the "what-the-heck" moment and invest in you.

Sometimes, investment is not just about making ROI and Profits all the time. We can have supplementary investment from the interest generated to which it allows us to diversify our portfolio in a lot of areas without causing us any form of capital or risk. If it worked, we have a bunch of new friends and a F&B shops that we can always drop by and be proud off... even if it's breaking even all the time.

Ok thanks

U ever have disputes with those that u have invested in till u need to go to the court? (How much will lawyer charge to handle dispute?)

So far the projects i have invested is like 10k project 1, 20k project 2...etc. If the sum is more than 100k, i will involve the lawyers

This post has been edited by Le Don: Oct 9 2016, 11:49 PM