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 What business should I invest in?, I have 500k in hand

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SUSxander83
post Mar 30 2021, 09:48 PM

Blast off like a rocket
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From: Autobiography!!!
QUOTE(Ramjade @ Mar 30 2021, 03:41 PM)
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.
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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 doh.gif

SUSxander83
post Mar 30 2021, 10:01 PM

Blast off like a rocket
*******
Senior Member
6,427 posts

Joined: Jan 2003
From: Autobiography!!!
QUOTE(NorAzdanNordin @ Mar 30 2021, 07:41 PM)
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.
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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 rclxms.gif
SUSxander83
post Mar 31 2021, 02:35 AM

Blast off like a rocket
*******
Senior Member
6,427 posts

Joined: Jan 2003
From: Autobiography!!!
QUOTE(jonoave @ Mar 30 2021, 10:25 PM)
Taste while important, is not the only factor. A lot of things like location, promotion and even luck plays a factor.

Many times I see shop which I think the food is better has less customers than shop with more mediocre food. tongue.gif
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There is a hinge called customer is king brows.gif

QUOTE(DragonReine @ Mar 31 2021, 01:07 AM)
Quality control and a genuine love of food is needed, even for "fast food" franchise. I'd argue ESPECIALLY for fast food because everyone knows how it tastes like, they expect a certain level of speed and quality

must train cooks to handle food properly n cleanly, make sure quality is consistent, and comes out on time....pay for vaccination for typhoid....learn how to handle unreasonable customers....get honest people to work at cash register...get an intelligent manager or two who have proper leadership skills...

if TS not a foodie and not a people person then going to be problem to even get past local council food safety inspection laugh.gif
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Wait till he deals with KKM from food safety inspection then he will know difficult

Even AA trying to do food business and looks like gonna go downhill very soon rclxms.gif

 

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