I have a confession to make.

Being an undergraduate who is holding 3.5 CGPA from a famous local uni, I don't want to climb the corporate ladder.
I am currently having my internship with one of the Big 4.
I am seeing my manager who is in his early 30s earning RM6,000 - RM7,000, with two kids at home.
I am seeing my colleague who is in late 20s earning RM3,000 - RM4,000.
Is the money enough? Can we survive with such money in Malaysia? Can we give a good life to our family? Are we expecting to work until 50s and have to worry for the purchasing power?

I'm lost now.

Am I going to put my esteem aside as a degree holder and start my business in the night market? I know my knowledge through out the university life can help me better than other people in the night market, in term of management, marketing and so on.
I know it would not be my only business if I do it, I would not satisfy with it, I want to grow, bigger and bigger.
Or am I going to join the MNCs with at most RM3,000 salary, and stressed out from morning to night? But being seen as a corporate man and white collar?

I don't know, face, it is the esteem which is halting me from doing it after my graduation.

Hey, Carly Fiorina started small as an admin exec too, low pay, lots of work, plus male prejudice against her. (prior to that, basically aimless)
And she rose up to manager level, executive, director, of AT&T and then Lucent, and then CEO of HP.

So you can be a millionaire by being an employee. Just don't give mediocre results. Be extraordinary.

This post has been edited by happy4ever: Jul 10 2008, 11:57 PM

operation model....depends on the location...

stalls space ...u gotto buy it form the owners and they r reluctant to sell since they can get more if they rent it weekly...but thing is...if the enforcements found out that the owner al;ways did not operate in his palce...they will take the palce back from him.... normally if u dun have any places ...u rent it 1st....then buy it if they are avaialble...normally an average space need about Rm4-6k... u paid them in cash and it's urs permanently... If I am not wrong....

Depends on wad u want and ur capabilities.

I believe there are 3 careers we would always have in option:-

1)the career we are talented in-for me....mayhbe music
2)the career we are bound to do- For me....i am a guy and I am gonna feed my kids 3 and my wife 3 meals a day with 2 veges 1 meat 1 soup...buying life insurance for my family...and make sure my kids get good education....so if there is sth even I hate it.... I still got to do it...
3)The career we are interested in -

From these 3...which one would u choose??? There are alot of bad things about malaysia...but one thing good is that wadever career u choose...u will have a good chance to make a success..... Advisors always advice others to choose sth they loved....

Do you really love to do your own biz??? Or join MNC with RM3000 salary??? Is the monthly payment of Rm3000 can really satisfy you even u got to do the same job routine every single day??? OR by managing your OWN firm and look at the sales revenue....the cash box getting heavier and heavier....u can get satisfaction more....

Are you ready to lose a sum of money lets say (touch wood) if there's a biz failure? you work the same routinemeveryday but wad if u wanna be a boss....u r gonna work like a dog??? not trying to be sarcastic but those who'd been in the night market biz wil understand my implications....

Put it this way...

If u r ready to suffer a lost
If u r ready to suffer alot of ur physical and mental strength
If u r ready to manage ur own biz
If u r ready to fight with all the industrial competitors

&

If u r ready to win others and choose not to do wad others were doing....

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come on.... whether u wanna make it big.....or not is not important.....whether u wanna make it anot is the material question that u gotto asked urself....there are bout 80% of employees and 20% of employer in this world....u dnu deny the fact that there are many of the employees are richer than the employers..... its not about the money.....its about the satisfaction that u got at the very very end of your day..... u cannot live up to 1000 years....so u gotto fully utilise ur 'time' doing something 'worth' doing it..... compare 2 scenarios....

a 50 eyars later 'you' who enjoy epf everyday....seeing your kids grew and sit at home watch tv everyday...and recall the good old days everyday go to office at 9 o clock and finish doing all the folios at 5...sometimes OT...

and a 50years alter 'you' who have maybe 1 laundry shop, one cafe in the city, few ownerships (shares) of some large cap blue chip company.....

which one you wnana be??? ur frenz has the advantage to work for mnc and get promoted to ceo to manage the biz.....then u wil lhave the advantage.... to be a part of his company and order him how to manage his biz...actions always speak louder than words....cant deny it.....but it is not easy...... the beginning of being a boss of ur own and a worker who seeks to climb corporate ladder is totally 2 different things.....risk of both careers are 2 different things....and many factors to be considered ...i guess u know it all since u r undergradute....stuffs like inflation rate, employment status, legal issues, ethical issues, unstable political....

but after u compare the cash box in ur hand and the cheque of Rm3000 by your company.....Even (with very very little possibility) if the money in the cahs box is less than Rm3000....It worth.... it worth all the pain, it worth all the strength.....it woth all the money u dump in....becoz u havent waste a second helping others to earn money but urself....


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why did i suggest night market as 1st biz???
high demand
high traffic
highly competitive since it is free market...gave u opportunity to shrpen ur entrepreneur skills or marketing skills
high income (<<<well cant deny it...choose a highly demand product and get a good location)
large market size
flexibility-product can be cahnged anytime unlike u opened up a kindergarten or a cafe- u cant easily change ur services or product

with night market as starting point...u will get the cash in years and help u further strengthen up your other biz and investment.

This is all I can give now..I am too tired...start teaching from 12 to 11 juz now.....11 hours T.T.

Will give more points when I can think of any.

She wear singlet?

Anyway Liez is right, don't look down on pasar malam sellers, It's Cash Business, THAT is the best type of business ANYTIME. What is sweat and tears and the time lost in doing unproductive stuff like Dota and all that crap?

Like I said, I rather suffer and see all the money comes in because of the effort I put into the business. It's worth it because when you get old at least you can tell them you made it on your own.

Working in the corporate world, don't forget about politics and all that back stabbing. Sometimes the things that happen doesn't worth your well being and health. I rather be a happy person than work like a stupid dog facing all those selfish people who only care about protecting themselves and make sure all the blame goes to you.

you are so right........doing pasar malam business is much much holier than MLM......I also suffer at the time i began my laundry business but the money is worth all my tiredness as long as it is not MLM and keep on bullshitting people all the time with gimmich product

i had talk to an pasar malam business women, she say those place they place thier stuff need to pay one. depand on location. sometime a space could pay as much as 20k a year

storage fee is no cheap dude....u can always use ur own house....like spare a room from ur house to store stuffs up.....i think if it's pasar malam biz....practise JIT....oder stocks....try not to keep too much....units u r ordering is not big.....a room, or two is more than enough if u r selling kitchen or other 'unperishable' stuffs (sorry...my england sarks). to rent a store....it's often more than 20k a year....so save those money.....

ALMOST everybody would choose to start their own business if you ask them, but there is the problem again.
Ask yourself if you are prepared to give up that RM3,000 or RM5,000 to earn possibly NOTHING.
IF you are rich and have the capital to start right after graduation, by all means you can start your business and be successful.
There are MANY other businesses that you could do, not only night market. Think OUT of the box if you want to go huge.
Why worry about losing face and all those? When you get that money, who dares to compare you with the others?
It is all about the guts. You have it, you will succeed. You just need to GET OUT there and fail.

You can still be IN the corporate ladder in your own business, why not? You can wear that beautiful suit with shiny leather shoes and your very own office space. I wear those too sometimes when I feel it. It depends on your dedication, guts and your thinking out of the box.
Nothing comes free, so you got to work hard whether you are an employee or an employer.
I have had few businesses failed and some businesses showed me a little success, still I got to fight on.
You will have your way to make it work, but DO NOT just think that there's only pasar malam business in this world.

You can apply at Majlis Perbandaran for License. Not guarantee can get. Must have space, good interview, etc ... Application ONLY available at 1st ~ 15th of March, June and September..

Rent from people are okay too but it's hard .. Normally those who want to rent people will always reserve to their relative or friend.. IF you able to get it.. I guess probably the low traffic area.. Somewhere around the head or the tail .. Same goes for the sale of the space.. Ranging from RM 500 ( Poor traffic area ) ~ RM 20k ( Very high traffic area ) ..

Seen many who don't pay for license.. I sometimes also go to places which I don't have license to sell.. Majlis Perbandaran come and check every 2~3months.. Have to prepare for it.. If lucky.. Can escape.. IF not lucky.. Summon RM 150 .. 2~3months only RM 150.. Well, better than paying RM 10 ~ RM 30 for one time sell..

Now pasar malam's business is not very good cause people still haven't get used to RM 2.70 / litre fuel price.. Must wait few months for it to become normal..

This post has been edited by Amedion: Jul 11 2008, 12:46 PM

This is just one of the feasible business idea that I have.
I have more ideas but due to capital constraint they are not possible to execute right now.
If I am going to start the night market business, it would be just a start, not all.

this's not the only thing, dear.... the weather is bullying....so pray for the wehather controller (the god ) to be more keen on this matter.

nobody is gonna stay in night market biz forever dude.....its juz a start as wad u said....a training ground...

What about sales? I am sure they have better prospect than pasar malam, and cheaper too
First of all, you don't need to pay the rent, but you do need a lot of moving around.
So, that saves a lot of cost, and you can sell in bulks too sometimes

I dunno about pasar malam but my friend told me that he saw a beggar walking around begging for money at Lowyat there... half hour later my friend saw him again BUYING a new laptop and he PAID IN CASH!

Hey maybe it's true that some pasar malam ppl are rich... if beggars can do it..pasar malam can even do better!

Hey UW

This post has been edited by Neshimaru: Jul 12 2008, 12:42 AM

Er, I think your statement might offend a few members here. It is as if you are comparing a beggar with pasar malam sellers
This is just my advice, you can choose which way you would like to go

That fella probably don't carry enough cash to get the laptop ... Beg for extra few ringgits & he can get already ..
If people can get laptop within 30minutes by begging.. Everyone will be doing it already..

Not every pasar malam people are rich ..
Pasar Malam is also business.. You will never know when its good or bad..
If beggar can do RM 10k in a month.. Doesn't means pasar malam can do it..
If pasar malam only do RM 3k in a month.. Doesn't means he will become beggar ..

In my case.. I hate beggars cause they're nothing but a lazy people who always wait money to drop..

I have a different view on the impact of living fees on night market business.
Night market is a cheaper marketplace to shop compared to shopping malls or premium cafe, with more utility, but that is depending on the person's perspective also la.
When you have less money in pocket but you still want to go out, will night market falls under your favorite list?
If the answer is yes to majority, then the impact of livings fees is positive to night market.

People don't go pasar malam when they have less money or search for cheap things ...

You as a malaysian who can enjoy pasar malam for almost everynight.. Do you go pasar malam? If not then I don't know ur opinion on it..

Well, before I do business in pasar malam.. I go pasar malam mainly for a walk only since parking fee is free and location is close to my house, then will buy some keropok, uncle bob, milk shake, ice cream, fried chicken, etc .. Some items can be easily found in pasar malam rather than shoplots. Example sewing machine oil, imitation stuff, pirated stuff, clothing which is mainly selling in shoplot for double / triple the pricetag with the same quality, small items like hairband, earring, etc... ( people don't like to buy only one item at shopping complex or shop cause it may be embarassing to them )
Pasar malam is a MUST for housewives for vegetables, fruits, food, etc...
There's too many reason to go pasar malam ..

What Amedion said is quite true. In a nutshell, pasar malam is catered mainly for youngsters and housewives.
I have to admit that I do not go pasar malam that often, but I do go sometimes if my friends request me to.
kbandito, if you really want to jump into the pasar malam business, you will need to think of goods that have fast repeat sales and will appeal to youngsters. Junk food is good especially if you plan to start a pasar malam near colleges and huge housing areas.
Do not go for goods that are for one-off sales, because your results will be worse down the road.
Get into the business for a few months with goods that have high margin, and get out as soon as you have enough capital to expand.

I think i will go be a begger soon Hopefully u can give more a money to me.

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Added on July 15, 2008, 11:03 amBut do pasar malam buiness need to careful.. really have alot Pencuri ~last 2 week i saw alot girl curi beg . That stupid seller didn't see also. Haiz.. haven't start the buiness but rugi at the 1st.Damn it. I walk until my car only see the girl curi beg.

anyway .. pasar malam buiness is more better then open a shop .

This post has been edited by ayu: Jul 15 2008, 11:03 AM

That explains it....Night market is a business mainly catered for youngster and housewives... Demand could be ery very high...at elast twice to 3 times of a shopping mall... only if you can target those market appropraitely....

Well...There are few things to becareful....as mentioned by Ayu.... Thieves and the other fake cash....u should be very very careful when holding cash.....muz be able to distinct them....holding a fake cash in ur wallet will put urself into jail if found out by legal enforcers... so u lost the money and being accused. lastly....there are people who paid out Rm50 and when u return the change....they will tell you that u'd paid 1 Rm10 less in fact they hid one out when u returned it to them...so be very careful when u give return on change and deny it if u r very sure of it.