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> Many /k wanna start biz but let me tell you 1st...

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yugimudo
post Jan 12 2017, 10:58 AM

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Eh, I am one of the people who quit my job and doing online business.

Last month i get to sell 10 pieces but this month none yet.

If you want to start a business, just do it. Why the fark you want to be so calculative? U better do it when u r single, better if u r married coz u can leech ur wife revenue a bit.

See, the tricks is work hard. If u r employed, work hard, same when u r doing business. Dont just stare at your business, learn to improve. Watch youtube, buy book n ebook. If u hav more money, take seminar or coach.

Doing business is fun. If it fun for you, then do it. Just that definition of fun is different for different people. Im not the type of fun that is sex drug n alcohol. I like when a strategy worked or when i beat the odd.

Yeah, there even a saying if u have never fail business then u are not a businessman yet.
SUSadvocado
post Jan 12 2017, 10:58 AM

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QUOTE(Wassupman @ Jan 12 2017, 10:51 AM)
i believe if you have a strong business plan, you wont fail.

everyone can blame the economy when it is bad but are you saying no company will survive during bad economy?

example of two companies that was doing extremely well during this current economy crisis is Hap Seng and Ekovest. These two companies are not selling ordinary goods which ordinary people can afford to buy. They are selling luxury products which costs a fortune to some. Yet they sold even more as compared to better economy days.
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because media tells you Health is more important than Money. Without Health got money also not much use.

but wait until economy reach it's abyss. that time, you want health also no money to buy.
faizalfaizal
post Jan 12 2017, 10:58 AM

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agree

please get a salary man 9-5 job

the income will get better and over time will get higher promotion

don't become a businessman
SUSadvocado
post Jan 12 2017, 10:59 AM

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QUOTE(Lazarus7181 @ Jan 12 2017, 10:51 AM)
I don't know about enjoying one life right now when I can't see myself progressing in the sense of having my future investment protected.

Yes, work life balance is important rather than having so much money when one will only end up using the money to treat themselves in the hospitals. But, you do know that raising cost of living is something not to be ignored though.

What you are working hard right now, might or might not be able to reap good profit in the future. But if we are to perceive to live adequately, how can one sustain and live in this constant changing environment of our world?

We can always live and think simple, but our life in our country will never ever be simple.
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you expect too much in life, be prepared to get disappointed big time.

there is a reason why Kampung folks & less intelligent people are usually more happy & content with their lives even though they are poorer than smart big city people like you.
iwubpreve
post Jan 12 2017, 11:00 AM

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think out of the box.
SUSadvocado
post Jan 12 2017, 11:00 AM

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QUOTE(Lyu @ Jan 12 2017, 10:53 AM)
Long time ago, Alibaba Jack Ma was seeking funding and advice from his best friends

His friends reply was "don't"

The initial Alibaba got delayed but now...
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that is the story he tells you. in fact, that is the story all successful businessman tells you.

they will never tell you the real story & their true secrets.

You don't even know who is behind Jack Ma.
yugimudo
post Jan 12 2017, 11:01 AM

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QUOTE(homicidal85 @ Jan 12 2017, 10:55 AM)
alright /k. you heard TS. jom semua makan gaji saja.
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I actually dread on this prospect. Our job market is not improving. If I have to do low end job, i better start a business now. Do it when failing does not matter that much.
Zhao
post Jan 12 2017, 11:01 AM

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Point 5 😅
Very /k
chinti
post Jan 12 2017, 11:02 AM

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ayam not starting business in malaysia so no need worry
SUSadvocado
post Jan 12 2017, 11:02 AM

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QUOTE(Icehart @ Jan 12 2017, 10:57 AM)
Well when you're young it's actually the best time to come out and do business. Most people I see earning 5k and above with either a house or car to pay would not consider since they area already in the "zone".
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business world like green virgins like you. taste nice & tender to bite.
Lazarus7181
post Jan 12 2017, 11:03 AM

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QUOTE(advocado @ Jan 12 2017, 10:48 AM)
i can say majority of people here thinking of jumping into a sector that has little to do with their job & expertise, like opening restaurants when they don't know how to cook, or never cooked in their life, or jumping into cafe, clothing, fashion, and most of them know nothing about economics, finance & accountings.

rarely people venture into the business they profess in, because they know entry barrier is high and lots of hidden tapes or cables you need, so they gave up their profession and venture into something they think is "Open Market". Not knowing there is no such thing as Open Market, every Market has their Big Players, just some you don't see them because they open shops with different names or under different companies.

those that start their own biz in their professional field usually highly skilled in the field, but these people are very rare, usually they get promoted high enough or gets some perks so they don't leave their comfort zones, many that do, end up going back as employee due to the stress that came with the money.

sure, tell you you will make $1 million this year you will raise both hands without thinking, later, you start to regret the time & effort & stress involved.
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Yes, often times I do heard of that but most of the time, they tend to forget about their plan like cafe, clothing and etc. There might be others jumping into a sector due to their personal interest or conflict which I came to know a few, whereby they did very well in the engineering line and they choose to open the door and jump into the sea in search of their life.

Mind to tell you that three of my friends did that last year and I found them doing quite well although not as good as being employed and they seems energetic chasing after what is more actual life-full kind of objectives.

From one out of them, he utilized his professions as well as his connection which really helps him a lot though.

It's hard to believe hard work really pays off nowadays unless we consciously know how to break the barrier and plan ahead.




SUSadvocado
post Jan 12 2017, 11:03 AM

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QUOTE(yugimudo @ Jan 12 2017, 11:01 AM)
I actually dread on this prospect. Our job market is not improving. If I have to do low end job, i better start a business now. Do it when failing does not matter that much.
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if your business no need much money or you have the money to splash then feel free to.

assuming you can handle the stress of 24/7 thinking about your business.
SUSadvocado
post Jan 12 2017, 11:05 AM

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QUOTE(Lazarus7181 @ Jan 12 2017, 11:03 AM)
Yes, often times I do heard of that but most of the time, they tend to forget about their plan like cafe, clothing and etc. There might be others jumping into a sector due to their personal interest or conflict which I came to know a few, whereby they did very well in the engineering line and they choose to open the door and jump into the sea in search of their life.

Mind to tell you that three of my friends did that last year and I found them doing quite well although not as good as being employed and they seems energetic chasing after what is more actual life-full kind of objectives.

From one out of them, he utilized his professions as well as his connection which really helps him a lot though.

It's hard to believe hard work really pays off nowadays unless we consciously know how to break the barrier and plan ahead.
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wait another 10 years come back here & update us.

Fire is always fiery the early years. Just like chicken droppings is always hot for first 3 minutes.
yugimudo
post Jan 12 2017, 11:05 AM

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QUOTE(advocado @ Jan 12 2017, 11:00 AM)
that is the story he tells you. in fact, that is the story all successful businessman tells you.

they will never tell you the real story & their true secrets.

You don't even know who is behind Jack Ma.
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Bro, it is the same formula for everyone.

First u learn to talk business language, then u use it to build a network. The better ur network, the better ur business will be.

That is why when doing business, u r not limited to staring ur sales and revenue. U have to do the other things like improve network, improve ur marketing, improve ur social. Then when u have strong core of a businessman, people will likely to collab with u.

Actually, it is just the same dance as working as employee.
MesutXhaka
post Jan 12 2017, 11:08 AM

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#5 topkek
yugimudo
post Jan 12 2017, 11:08 AM

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QUOTE(advocado @ Jan 12 2017, 11:03 AM)
if your business no need much money or you have the money to splash then feel free to.

assuming you can handle the stress of 24/7 thinking about your business.
*
Meh, the way u want to go with doing business is not focusing on business itself, but focusing on u. When u improved, ur business will improve.

The reason u are stuck 24/7 with ur business is lack of knowledge. Keep studying and research. Improve urself, then u will find it easy to do it.
skloda
post Jan 12 2017, 11:08 AM

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yes please stick 9-5 or 10-10 job ... dont venture into any business ...

Lazarus7181
post Jan 12 2017, 11:11 AM

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QUOTE(advocado @ Jan 12 2017, 10:59 AM)
you expect too much in life, be prepared to get disappointed big time.

there is a reason why Kampung folks & less intelligent people are usually more happy & content with their lives even though they are poorer than smart big city people like you.
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Let me simplify that I was referring to work hard and save for future. I'm not expecting much but at least some financial backup when I might be struck with some incident which requiring me to some financial assistance.

It's not really about expectation that I working onto but rather misfortune things happen where asking for help is simple out of questions then.

Yes, those rural folks are more happy and content with their life. Can you drop whatever you are doing right now and move to rural areas and live your life as new?

If you can do that, I bet you won't even need to open this thread then.

Sorry if I might sound offending but I'm not.
cedyy
post Jan 12 2017, 11:12 AM

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key points for anyone looking into setting up own biz:
1) do you have the knowledge/expertise in the biz u're venturing into?
2) have you considered all the risks - financial, operations, biz
3) short term and long term plan
4) do you have sufficient capital to weather any uncertainties

TLDR : take a calculated risk. don't buta2 start biz
mowlous
post Jan 12 2017, 11:12 AM

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World is never easy la ....... in WW1 and WW2 all the front liners who try to win a battle die, you think they got any chance to succeed if they chicken out like you? Sacrifice had to be made in an attempt to have that possibility of winning.

Also if everyone is kept with the mind set of "Oh I'll just keep working for a boss only no need to worry about anything else" you will then never learn or improve your salary will never go up.

Part of working is to understand how a business work and able to share boss problems, when you are very good at it those are no longer problems those became challenge. One day when your boss want to retire or when you are old and experience enough a boss would hope you carry that banner and become your own boss.

Company that hope you become worker forever are not worth staying, because they are not letting you grow.

What I sense in your advice is "gain more experience" before consider venturing into business especially if its a totally unrelated field. Don't rush and butt head a wall you don't know what its made out of"

But instead your list of words make it sound like "Don't ever be a boss".

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