Real easy to start a business. Register your business name at the
Companies Commission of Malaysia known as SSM and in about 45 minutes,
you already have a business. However, a short business registration
process is not meant in no time you too can benefit your business. You
are lucky if this happens.
There are several other factors you should consider before stepping foot into the SSM.
- Does your business simply want the money?
There is no doubt that every entrepreneur wants profits
from the business. But, if you will continue to do business if you can
not benefit in a long time as long as 3 or 4 months? What if that year
is still not a profit? Knowledge, talents and money go hand in business.
If you have any knowledge of the business, has been added to your
chosen line of business is your hobby, for example, money has become a
matter of no importance to you. But beware, do not bankrupt your
interests are. Business talent can be polished. Which way is
participating in workshops on managing the business conducted by
business consultants who are more experienced.
- Are your products and services to meet market needs?
You need to do a survey first before doing business.
Spend more time making a survey of the community in which you want to
open shop later. What is needed by the community. Are your products and
services included in their will? If yes, state statistics so you can
develop a good business plan will.
- Do you have sufficient working capital?
Capital is important in determining the business can
survive or not. A small business should be targeting at least have the
working capital available capital of up to 3 months even if not a
profit. Failure to provide adequate capital stock will limit your future
marketing efforts. Keep in mind that you are also responsible for
promoting your business no matter how minor you use any media such as
advertisements from home to home.
- Are you willing to bear the risk in your business?
Every business has its own risks but the difference
between us is the size of the risk. Small businesses remain at risk even
if not by big business. But you need to know the level of risk you
incur in the event something unfortunate like theft and fire. The
transfer of risk can be made to subscribe an insurance policy and
installing closed-circuit television or CCTV at the premises of your
business.
- Do you have assistance in case of any problem?
Assistance not only in terms of cost, but in every aspect
of your business from the installation of front door through to the
advertising business. Not necessarily you need money to have all forms
of assistance. Sometimes after a long business, you will develop a
network of individuals who are experts in their fields. Some will help
you for free, or even with the cup of coffee.
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