Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 I’m tired of overthinking, ready to take the leap, Need your help, Where do I even begin?

views
     
TSKakistok
post Mar 1 2025, 04:38 PM

Getting Started
**
Junior Member
201 posts

Joined: Mar 2022
QUOTE(giftfre @ Feb 26 2025, 05:15 PM)
Look likes everyone had spoken - Don't jump cos you're uncertain.
*
I agree. I just do not know where to start but I've made my first move. Contacted 2 freelancers from a website for a free session. I needed the service plus I could get more info from them for the business side of things.
forgotoldlogin
post Mar 1 2025, 04:57 PM

Getting Started
**
Junior Member
198 posts

Joined: Jan 2022
QUOTE(Kakistok @ Mar 1 2025, 03:08 PM)
clinical therapy

well, I get what you mean - you need to get into the circle first before you can find one, or they find you.

the plan is to start small with 1 experienced, the rest freelance if needed.
not planning to quit my job. Wife who left her HR career to be home maker few years ago, willing to help manage doing admin/HR/logistics.

I asked my therapist during one of the session

1. how much they pay for this work and how far can you go?- 1800(starter) to 5000(supervisor) can go higher if you get into bigger corporate brands
2. whats your future plan, are you going to be a therapist forever? - I want to open my own center
3. How much to start? - Its not much, about 20k, monthly supplies are cheap - most opex is salaries
4. Well if its not much, why don't you start one already - Well if I have the money, I'll do it.
5. Where is your boss (husband & wife) - well they manage admin and payroll for 3 centers (each at different states) - but in the process of giving that to 3rd party.

These answers kind of pushed my interest further to think of starting one

The setup is simple. Nothing fancy, probable 2nd hand furniture - place looks clean and pleasant. 3rd floor shoplot, you wont know they exist. Only way to contact them by sending your contact in the company website, and they will contact you for initial verbal queries, then set appointments.

i checked around my area, 3rd floor shoplot is around rm1200-1600.

what do you think? 50k enough?
*
I dont have experience in this line, so i cant advice. Have you check out any licensing requirement, dont you have to be a member of a registed body?


But you are an engineer, is there any business you can do within your subject matter expert? I see many therapist provide service online, can u do that first without giving up your job? I think 50k will go fast like water. Especially on payroll. Count first how much sessions need to cover payroll, marketing. What is your plan to get people to switch terapist to you? Can you throw price? Is the price controlled by registed body?

This post has been edited by forgotoldlogin: Mar 1 2025, 05:08 PM
TSKakistok
post Mar 1 2025, 05:54 PM

Getting Started
**
Junior Member
201 posts

Joined: Mar 2022
QUOTE(forgotoldlogin @ Mar 1 2025, 04:57 PM)
I dont have experience in this line, so i cant advice. Have you check out any licensing requirement, dont you have to be a member of a registed body?
But you are an engineer, is there any business you can do within your subject matter expert? I see many therapist provide service online, can u do that first without giving up your job? I think 50k will go fast like water. Especially on payroll. Count first how much sessions need to cover payroll, marketing. What is your plan to get people to switch terapist to you? Can you throw price? Is the price controlled by registed body?
*
yes I think I need permit to run, I've seen that cert in the the center hence why I need an experienced (certified) member on board. Those online ones are freelancing, hence they may not need a center unless they want a stable income or a proper place to conduct their session.

It's funny that I have no interest in doing a business related to my line of work XD
1. the capital cost is high
2. you need to find a big contract to cover cost
3. my company contracts are all from abroad, local companies cant afford.
4. I can do online freelancing for clients abroad but you have to compete with people from pakistan/india who are 2-3 times cheaper.
4. there is one local company that I know doing something similar but the owner used to have ties with a former PM - so sapu all local n gov, now struggling to pay his employees because cant land contracts as former PM out of the game. One of the employees now works under me. The employee (n others) had to sue the company for not paying his salary and epf - almost a year court case before settlement.

This post has been edited by Kakistok: Mar 1 2025, 05:57 PM
aLittleMisfit
post Mar 1 2025, 05:57 PM

Honorary Lifetime Misfit
*****
Senior Member
886 posts

Joined: Jun 2006
From: MSG Land


QUOTE(Kakistok @ Mar 1 2025, 04:33 PM)
initial plan is to go with one "expert" then the rest freelance.

I believe there are experts out there who want to run their own but don't have the funds. I had a conversation with one of them.
*
well, if u done the due diligence. hope u all the best. careful on human-staff-workers relationship that i mentioned though, try have backup plans if they leave
TSKakistok
post Mar 1 2025, 05:59 PM

Getting Started
**
Junior Member
201 posts

Joined: Mar 2022
QUOTE(aLittleMisfit @ Mar 1 2025, 05:57 PM)
well, if u done the due diligence. hope u all the best. careful on human-staff-workers relationship that i mentioned though, try have backup plans if they leave
*
yeap, that's one of the risk I'm trying to figure out as I would need their certification to apply the permit.
TSKakistok
post Mar 1 2025, 06:12 PM

Getting Started
**
Junior Member
201 posts

Joined: Mar 2022
QUOTE(lfw @ Feb 26 2025, 07:58 AM)
when you mention you are an engineer but you didn't mention which field you are in - software, mechanical, electrical, etc ?

my suggestion:
-sales: try to learn some basic marketing first and get your first sales, setup a simple free website to get leads and sales
-office: with 50k, can do virtual office first (either from home or co-working space)
-hr: if you want to hire technical staff 1st, maybe offer something better than salary like company share? later can buy back the share
-hr: you can get freelancer 1st, don't hire permenant/contract for the time being, hiring and people manage is a very tedious & headache process

hope the above helps
*
what do you meant by get your first sales? Do you mean like do a dry run to see how much demand is out there?

the plan is to go for a small place first, 3rd floor shoplot, those small office lots in apartments. Ive surveyed some places already within rm800-rm1600 price range.

yeap I thought something like salary + profit sharing. I'm trying to list down what other methods are available, the risk with the technical staff is you need a "certified" person to get permit. if they decide to leave, then we cant run the business - so what would be the backup plan?
blek
post Mar 1 2025, 06:36 PM

Enthusiast
*****
Junior Member
720 posts

Joined: Oct 2008
50k? Open wan tan mee stall better.
If the project drag for years no payment come in can you survive?
andrekua2
post Mar 1 2025, 08:01 PM

10k Club
********
All Stars
13,470 posts

Joined: Jan 2012


Service based and yet you have no technical expertise? Kinda red flag.

Might as well get to know some people who are technical and willing to do some FL for extra income. Try to land small project from home and outsource the technical part to those who are interested to FL. If good then only start a shop or something.

You dont need a shop when you have no physical product to sell. One should at least have a base they could land something consistent and branch out from there. If there's nothing like that, might as well just be a FL.
forgotoldlogin
post Mar 1 2025, 08:59 PM

Getting Started
**
Junior Member
198 posts

Joined: Jan 2022
QUOTE(Kakistok @ Mar 1 2025, 05:54 PM)
yes I think I need permit to run, I've seen that cert in the the center hence why I need an experienced (certified) member on board. Those online ones are freelancing, hence they may not need a center unless they want a stable income or a proper place to conduct their session.

It's funny that I have no interest in doing a business related to my line of work XD
1. the capital cost is high
2. you need to find a big contract to cover cost
3. my company contracts are all from abroad, local companies cant afford.
4. I can do online freelancing for clients abroad but you have to compete with people from pakistan/india who are 2-3 times cheaper.
4. there is one local company that I know doing something similar but the owner used to have ties with a former PM - so sapu all local n gov, now struggling to pay his employees because cant land contracts as  former PM out of the game. One of the employees now works under me. The employee (n others) had to sue the company for not paying his salary and epf - almost a year court case before settlement.
*
I dont have much advice anymore, but many good luck to you. Hope you can make it work.

forgotoldlogin
post Mar 1 2025, 09:11 PM

Getting Started
**
Junior Member
198 posts

Joined: Jan 2022
TBH, if i were you, i would do easier business like carwash in condos/apartment area, food, buy bulk from farmer resell somewhere, tuition, daycare, sell If you are stuck, easy for someone to help you, want to sell your business to recoup half costs also possible. Please think a lot about it. Good luck
foofoosasa
post Mar 1 2025, 09:11 PM

Look at all my stars!!
*******
Senior Member
3,482 posts

Joined: Sep 2007


QUOTE(Kakistok @ Mar 1 2025, 05:59 PM)
yeap, that's one of the risk I'm trying to figure out as I would need their certification to apply the permit.
*
this is your biggest risk. Rely on other for certification . Other pretty much on your execution , sales and marketing.
I am SME owner myself, if you have wife help u on admin, basic accounting etc , it helps a lot to lessen your burden.
Have you count how much sales you have to do per month for breakeven, that's very vital question in order your business alive.

Things most likely won't go as you expected especially in term.of sales at the beginning year of business.
Let's say if.the business making loss on the month, how would you cover it? Sales also won't come naturally without good marketing plan especially you can distinguish yourself from your competitors.

You made the right choice.not quitting.your.current job. Anyway good luck for.your business

This post has been edited by foofoosasa: Mar 1 2025, 09:12 PM

3 Pages < 1 2 3Top
 

Change to:
| Lo-Fi Version
0.0158sec    0.64    5 queries    GZIP Disabled
Time is now: 4th December 2025 - 09:50 AM