The ways to start a Small Bag Business in Nilai 3 Malaysia
Before going further, let me ask you a question - do you really want to start a small business now? It doesn't matter what small business you are interested in. Most cases, when people talk about business it really means you must quit your existing job if you a hired by some company.
Here are a few things to remind before you decide to quit your job.
Running a business is not an easy job even a small business. It requires many aspect like dedication, hard work and stamina. Do you know most entrepreneurs work twelve or more hours each day, six to seven days a week?
This thing tide up closely with your decision making later. Business man cannot simply wake up in one morning and decide not going to his work place. Work place here means for his business.
Don't expect your business can run well in this manner. People will not simply walk into your new shop unless you are the super lucky person. Is there anyone out there used to shout "I am the luckiest one in the world ! All good things will come to me easily" If you are really a lucky person then I wish you good luck. May all the time good luck will come to you.
For a glance, do you want to have your own business because you think you would be the successful one or because you think it is an easy way out of your current work situation? If the ideas are because of tons of money, flexible working hours, and lack of rules and regulation is what motivates you, owning your own business is probably not for you. You will regret in one day.
Many used to say running a small business owners are extremely profitable and are no longer directly involved in the day-to-day operations of the firm. They can hire staff to handle all task in the firm. Again, let me ask you one simple question. Is your staff very hard working all the time? Probably not ! You still need to be around to look after your business and THEM.
Most business experts agree that it normally takes about three years for a new business to make a profit. Yes, theoretically should be around three years. It still depend on what business you are in. Anyway, we are not going to discuss too deeply about this Business concept. Just assume about 3 years.
During there three years time, business owners must be extremely focused, structured and organized. Without such discipline, the business will be headed to failure. It is important for everyone to know that anyone may fail in their business, but with a lot of hard work you can make it, but failure is part of the process. Remember that. Money will only chase after you when you are this type of person. If you are familiar with the business big blue map then you probably in the half way of success. Mostly you are viewing things via macro view. All kinds of risk already included in your decision making.
Below is a checklist to see if you are ready to start your own small business or not.
1. Perform an honest check list.
Do you have the personality to run a business or are you better suited for a corporate environment? Though you do not need the character of a used car salesperson, you will need to be outgoing and have the initiative to promote your business wherever and whenever possible. True, silent is golden but might not work here. Business man must be able to open your mouth and talk in public loudly and with a smiling face printing on your face every times when you serve a customer. Customer is always the king. Let this be your own trademark. Anyway, you will not lose anything.
2. What other events are currently taking place in your life? If you are thinking about moving to another city or state, or are planning a wedding within the next year, you may need to put your business plans on hold until your personal life stabilizes. You will need all of your attention and strength for your business. You just don't have much time for your family.
3. What are your long-term goals? If you always wanted travel around the world, don't open a conventional grocery. This business will require your undivided attention and constant supervision. This is especially for typical Chinese style. They are so used up to this method. They are GLUED! They just sacrifice too much on their time.
4. Are your finances in order? Do you have good credit and have you saved enough money to cover your living expenses for at least three to six months? Question rise here because you will have to invest in equipment and supplies for your new company and may have to wait several months before realizing any income from your business. In short, you must be financially prepared. I would suggest you stick to your existing company play as a role of employee first until you are ready. Ready here means the financially prepared and fit enough. At the same time, you can do your business in part time as well. Thorough this way you are deemed safer. Again, time management is applying here.
5. Do you have a plan? Not just an idea ! A plan.To be more specific, a big blue map about your company that for future. Without this blue map, you are unable to perform well. Unless you are alike the conventional business retail shop in some home gardens.
6. Does your plan make sense and is it realistic? Success does not happen overnight, it requires patience and well planned. (This sound familiar to those who learn 6 Sigma). I still believe anyone can run a business, but just how well they are heading to.
7. What resources will you require to begin your business? If you are counting on other people to help you get started (including your spouse, significant other, family members or your best friends that can be trusted). I would suggest all must be in proper documented and if possible legalize it. This is the best way to link and bond each an another. This is called partnership.
8. What and how much of it are you willing to sacrifice? Are you willing to postpone buying a new car or house due to reinvesting to your business?
Be honest with yourself. If your personality and situation require you maintain a full-time job for a few more months, years or decades, that is still okay. If you still have an entrepreneurial spirit, you can develop your business plan. If you never want to own a business? that is still okay too.
Starting a business is not for everyone. Whatever your decision, I hope you will keep one thing in mind - whatever you do in life, do it well and the best you could.
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