Heya!

Asking opinion here.

Looking to get out of my corporate job. What business should I open with low risk and high potential income?

Im thinking of these 3 at the moment:
1. Franchise business (Thinking Secret Recipe or Old town etc) - if anyone can share how much their net profit per month would be great
2. Restaurant - Halal mix rice shop (like chinese mix rice shop, i dont find the halal version of it)
3. Smart house business (IOT) - something that in my area of expertise
4. Self service laundry - too many these days (how much they earn btw?)
5. Online seller (import from China) - but what to sell?
...

PS i dont have extensive experience in those but im willing to research and learn.

Would like to know the outlook if anyone has experience in venturing it or any thoughts also would do.

TQVM folks!

5. Phone spare parts & accessories?

with your available capital,...looks like you have to cancel that 2 entities stated in option 1.

https://www.comparehero.my/investment/artic...chises-malaysia


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Restaurant - Halal mix rice shop

should be good enough...
try to be different from others... unique food others shop don't sells...

All 3 are on their last leg still want to command such high franchise fees

Do not quit your corporate job yet. Find time to do part time, so you get the ins & out of the business so you understand what you are getting into and possible with lower barrier entry capital. Possible a trusted partner that helps you to manage day to day and you help out. Once you get the hang of it, and start looking at the positive cash flow then you invest further and really go all in. There are a lot of business out there and things you can do. Lower barrier, like you mention online, do dropshipping u don't hold stock. Also maybe buy smalll plot of land, u can do some agriculture like palm oil and collect income. It doesn't matter what kind of business as long if u can see the positive cashflow and profit from it.

If you don't have experience running a business, the smartest thing is just buy shares of a company say nestle, public banks and let the management have the headache of running the business.

Im abit worry with the tech trending that is fast... need to catch up very fast... then the accessories might be obsolete in few years... any reason u suggested this? experienced it?

Yeah you are right and im aware of it... but i can still stretch a lil bit to find the remaining 200k if only the business is promising enough... haha

yeah thinking of this too... bcoz i like how this restaurant model operate... free drink (chinese tea), free soup... and price wise is cheap... im not sure malay market would be interested or not...

they not doing good already u meant?

i very like ur idea.... in fact... im not planning to quit anytime soon if i dont see positive cash flow.... unless im confident enuf the business will be booming then i might be considering.... bcoz i need to test market first now like u said... i may make alot of mistakes... but hopefully it will gettin better...
but in the matter of finding good business partner... that is not very easy i noticed.... sometimes can find trusted.. but not good at managing or contributing... sometimes good at managing/contributing but may not be a trusted partner... ppl always want the best for themselves... likewise for me too....



for stock im abit scared... bcoz sometimes its abit volatile and unpredictable sometimes (i know gt alot of tech to derive the pattern as well as news etc but my friend who is crazy about stock and paid thousands for classes also not doing that well)... but anyway... yeah i did this at the moment as well... not much hav invested... only 20k+ so far... but doing good... luckily and coincidently on positive gain so far....

I'd echo above comments about learning via part time.

It'll be best if you do part time work first, especially in these businesses you listed where it's primarily service driven and you have no experience in the business + no real passion for it (assumption here because from your post it seems your goal is profits). F&B is competitive business and even franchise is not guaranteed you'd earn money during the first 2 years, because you're not only competing with other self-start businesses but other franchisees. Half of F&B tend to close down within first 5 years.

links on franchises:
Malaysian Franchise Association: http://www.mfa.org.my/newmfa/franchising-a...k-worth-taking/
https://www.comparehero.my/investment/artic...siness-malaysia

link on F&B: https://www.storehub.com/blog/food-and-beve...malaysia-guide/

Not that I want to be negative here, but entrepreneurship and self-run business is a hustle that you need to pour your blood sweat and tears in, especially if this is going to be your primary source of income, and you must be prepared to lose money during first year. If you're scared of losses on stocks, doing a business is going to give you even more stress, so you better have the guts ready AND have a financial plan B in the case of failure.

To survive and succeed in business as primary income, you cannot be so-so, you need to have the drive to stand out and to deliver the best product you can to your customers. The kind of attitude that normally gets you employee of the year, but 110% and 24/7/365, and you are competing against hundreds of others who have similar drive to succeed. There's no such thing as "low risk".

Otherwise just stick to regular investments.

This post has been edited by DragonReine: Mar 30 2021, 05:25 PM

Not really..perhaps it just my area of interest

I am currently dealing with Atomy, does not require any capital to start.. but i guess a lot of comment will come flying in saying its MLM and etc~ lol

as long it's halal.. your suppliers all Halal certify,,,
and have Muslim staff running the business....
u good to go...

I'd compare these 2 as such:
- doing business
High capital
High risk
24/7/365 commitment
Potentially very high return
Risk can be managed with more business knowledge, better decision making, greater commitment.

- investment (stock, whatever instrument)
Any capital
Varied risk depending on what you invest into
Can be day trading or "buy and forget"
Varied return
Risk can be managed by learning about the instrument

It's quite alarming to me that you think stocks are high risk but not business 🤔 for example, if you have a physical shop, you'll have additional security risks that you need to manage. Local thugs, cheating customers, dishonest employees etc...

+1 Part time work at somewhere you'd like to venture into, then observe and learn how they manage everything from the front end to the back, if you get the chance to.

Being a former businessman, any of your mentioned venture is much more volatile than holding blue chip stocks.

No such thing as a low risk and high potential income business.

500k not enough for big franchise names, smaller ones that are not famous/local franchises then maybe can la.

Starting your own business from 0, especially FOOD is absurdly hard and time consuming.

If you want to start some halal chap-fan restaurant (there are Malay chap fan shops around, I’m surprised u said they don’t exist 🤣🤣🤣) I suggest u start by selling packed lunch box in ur office.

If u can handle a simple business like packed lunch box in ur office and find the time to cook & find the customers to sell to, then u can start thinking about starting a restaurant/shop.

And if ur idea of starting a business is to be an investor and not do all the work hands-on, then you’ll just lose ur capital and high chance would get cheated on.

Start small, and if u can handle starting small, then only go big and grow it.

Going big straight away without much knowledge and experience probably gonna fail.

Throw in Money Market fund/FD/ASB first while you ponder on.

Wholly agreed because already asking for ideas on what business to open which is already a sign of failure/uncertainty

My advice ts still not ready to get dirty because no idea on what business to run and the purpose of it

...after you stretched to get the extra 200k to join,...don't forget to get extra for the operational cash flow and extra reserves to sustain the operation...

Already show signs of uncertainty which will bound to fail because he has no idea at all

Ts still thinks food business when the margins are low, competition is high, demand is dependant, food taste varies and turnover is high