Really easy to start a business. Register your business name with the Malaysian Business Commission known as SSM and in about 45 minutes, you have a business. However, a short business registration process does not mean that you too can benefit your business in no time. You are lucky if this happens.

There are several other factors to consider before setting foot in SSM.

  • Does your business simply want the money?

There is no doubt that every entrepreneur wants to profit from the business. But will you continue to do business if you can’t profit in as long as 3-4 months? What if that year is still not a profit? Knowledge, talent and money go hand in hand in business. If you have some knowledge of the business, it has been added to your chosen line of business is your hobby, for example, money has become an unimportant matter to you. But beware, do not ruin your interests. Entrepreneurial talent can be polished. How is it by participating in business management workshops conducted by more experienced business consultants.

  • Are your products and services to meet the needs of the market?

You must first take a survey before doing business. Spend more time surveying the community where you want to open the store later. What the community needs. Are your products and services included in your will? If so, the state statistics for you to develop a good business plan will.

  • Do you have enough working capital?

Capital is important in determining whether the company can survive or not. A small business should aim to at least have available working capital for up to 3 months, even if it is not a profit. Failure to provide adequate share capital will limit your future marketing efforts. Keep in mind that you are also responsible for promoting your business, no matter how small your use of any medium, such as advertisements, from house to house.

  • Are you willing to take the risk in your business?

Every business has its own risks, but the difference between us is the size of the risk. Small companies are still at risk even if they are not large companies. But you need to know the level of risk you will incur in the event of something unfortunate like theft or fire. Risk transfer can be done by taking out an insurance policy and installing closed circuit television or CCTV at your business premises.

  • Do you have assistance in case of a problem?

Assistance not only in terms of cost, but in all aspects of your business, from the installation of the front door to the advertising business. You do not necessarily need money to have all forms of assistance. Sometimes after a long business, you will develop a network of people who are experts in your fields. Some will help you for free, or even with the cup of coffee.