Pure revenue. Won't be posting if it was pure net profit going down while still above 5 figures

i asked to change a good rubber for my leather shoe, cobbler charge me RM80.... that's equal to my shoe's price... forget it. i bought RM160 for 2 pair. might else just change to my new spare shoe

This post has been edited by cycheah: Dec 5 2024, 11:42 AM

consider ok already bro~dont worry too much.

The month-to-month drop with no sign of stopping and I'm already in the reds (already went below my breakeven) is what worries me.

Can take few months losing here & there, but next year punya consumer spending power also predicted to decrease also.

this is just market align only,i also c got few month revenue from 15 k to 19k, so dont worry too much,
btw be alert that business might suddenly this month 15K, next month 2K, so have to observe always wat happen to the market,and most importantly know how to exit fast if the buisness cannt do.

This post has been edited by jrshow: Dec 5 2024, 04:23 PM

I feel that the market hasn’t changed much, but rather, consumer purchasing habits and logic have changed. Moreover, after the COVID-19 pandemic, the market has also undergone a major reshuffling, leading to new phenomena.

market for my industry is very bad, Im in fashion industry running retail and selling on ecommerce platform, sales dropped drastically esp after the diesel price hike.

sales on retail and online dropped around 40% and now have shops conttract expiring in malls and now they still want to increase rent cause they say inflation and insist on increasing rent, think really can bungkus already, sales is bad and margin still remains.

I think this is the trend, big brand are taking up all retail spaces just like what the property agent told me.
One morning one agent approach me and offer me a cheaper place to rent (single storey at some remote location that no one want to go).
She said big brand are moving in to the area I'm currently renting (Across the opposite row corner already taken up by Big Pharmacy). Landlord sure prefer to deal with big brand, can offer to pay higher rental, more stable in payment.

fnb players, how do you guys cope with the high turnover of staff? Around Subang Jaya, I notice that every month there’s always a new F&B outlet opening or closing

Are able to get anything out of it after minus the operating cost?

My wife in f&b business, even with more than 10k revenue, after minus the operating cost (rent, commercial rate utilities, salary of 2 workers, raw materials) barely making anything out of it, sometimes even not enough to cover. Cant increase the price to much as target market is low to mid income group.

Realising its not sustainable, with months of losses since end of last year, back to home based without any worker, lower volume but at least she’s making good profit now as only have to think about the raw material cost.

This post has been edited by faridr: Dec 6 2024, 09:48 PM

You’ve to pivot mapren

Kinda at the point of acceptance lol, times really have changed. A conversation I had during interview:
Me: How long you plan on working (nowadays I just ask from the get go cos they're never staying).
Her: Quite long.
Me: Can you clarify?
Her: Atleast 2 weeks.


Our concept of time is just different I guess. Still an issue when they're quitting though, even after explaining about notice period during interview,
most of them insists on not serving notice (one parent even paid for her kid).

Another gripe with the employees situation are actually other employers IMO, while min. wage is being raised, some of the store around me I know is not even paying the 1.5k monthly for their employees / no OT / whatnot.
One of my employee punya sister worked in this China-brand chain beverage, she's only paid around RM200 extra what I'm paying him yet she's working 12 hours, 6 days a week.

Anyway onboarding & standardization of tasks and routine need to be tiptop to bring the employees up to speed. Managing what we can actually manage is my approach.

Below breakeven no, had to topup a lil bit. My case employees are needed cos need to follow mall rules (open 365 days a year), I'm not healthy and/or available ALL the time.

Sometimes you profit sometimes no, hopefully less of the latter. I'm being optimistic since everywhere I read nowadays even big businesses mau belly up, so it's not a unique situation.

This post has been edited by keybearer: Dec 6 2024, 11:20 PM

Revive this thread back. Anyone suffer from business slow down and implementation of e invoice?

Hearsay Many big business kena PN17, but mainstream media is hiding up the news cos Madani will greatly be embarrassed.

Not sure about big business, but as a sme owner, feel like my sales is doing ok but costing seems hard to control especially recent few years.

Consumer are spending less, robbery increasing, many are unemployed, all that billions FDI Madani says are coming here are like fairy tales.

All business are quiet now to face incoming Einvoicing in July

Gov already dish several big projects in the market , now waiting it to take off high

But those relying on foreigners will have hard time cause u need to declare the money out to pay them

My business very relying on foreigner 😅

Why the e invoice will impact the buisness?

If legal and proper business, whats the worry of einvoicing ?

Else theres elements of tax evasion, under declare income, money laundering etc ?