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

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lifeofkuli
post Dec 26 2016, 09:00 PM

Getting Started
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Junior Member
97 posts

Joined: Apr 2016
QUOTE(Splynncryth @ Nov 17 2016, 05:13 PM)
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.
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My experience tell me this:

1. many ENTREPRENEUR failed here even with 1 or more shareholder (family, friends)

2. what makes u think 100 stranger investor will trust the entrepreneur??? 30% of the investor will think the entrepreneur cheating selling less burger, another 30% will question why ur kubis/cili sos/mayo/bun buy in so expensive(songlap kah?), then the rest 40% gives lots of idea you should like this and that based on their beautiful imagination.





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