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 Rent or buy shoplot to start a business?

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smartinvestor01
post Jan 14 2020, 04:14 PM

Saving and Investing for Retirement (The SIR Concept)
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Joined: Aug 2010
From: Sarawak


QUOTE(ririruru90 @ Jan 14 2020, 12:33 AM)
Hi all, would like to ask opinions on those who have experience in small/medium business

Which one is better if I want to start a business? Renting or buying a shoplot?
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Based on my opinion, it really depends on what type of business you are looking at and the risks exposure and the total capital reserve you can hold..

As you are planning to start a very small business (consider it a micro business), you would need a low monthly commitment unit to start up your business which means lower monthly installments to the bank..

Like your business, tuition, at least you not need to keep stock or inventories. But then again, you are subjected to risk of selling your shoplot if the shoplot price is too high.

This post has been edited by smartinvestor01: Jan 14 2020, 04:16 PM

 

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