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.

Hi awir2core,

Well, I'm sure there are many others here with experience that we could tap their advice from, but before that  ... it would be great if you can provide a little more information on the business.

1. May you share what software system and security system are you doing?
2. Who are your main customers? (Yearly breakdown if possible just to see the business direction)
3. Main income portfolio? Sales & Services? (Ratio will do, just to see if the problems that's hitting on your opex arise from maintenance/after sales support)
4. Location?

Thanks.

How are your sales mechanism? One off ? Or do you lock them down through monthly retention?

Between Software and Security, what are the revenue  breakdown like? Which one contributes more?

We need to start having members with list of businesses and projects they're involved on, together with special skill set & hobby. So that when some of us get's projects that we tend to ignore or pass, we can hand it over to them. I've many times turned down CCTV contracts from the Govt. as it was not my portfolio and busy handling other contracts.

Rather that just ranting on the board, it would be good if we start collecting these information and putting it together and see if we can work on something bigger.

I'll get back to you by tonight/tomorrow. The sales & services industry can be very tricky. Highly competitive. Let me try to get some perspective before replying.

Thank you