In the current business climate, you might want to consider business loans to navigate through this challenging time. Here is a list of small business loan providers in Malaysia for your reference. Top 10+ Best…
This is section 1 of our “How to start a business in Malaysia guide” and is also an excerpt of our free ebook. Download this guide as an ebook here.
Section 1: Business Funding
Section 2: Company Setup
Section 3: Office Setup
Section 4: Human Resources
Section 5: Software & Applications
Section 6: Website & E-Commerce
Section 7: Shipping & Logistics
Section 8: Advertising & Marketing
PERSONAL VS EXTERNAL FUNDING
The best way to fund your business is to use your own money. If you don’t trust your business with your own money, how would others?
Doing business is always risky, so you’ll have to be prepared to lose all your investment!
If you don’t have sufficient savings or your business nature requires a higher capital, you’ll need to source for external funding.
LOAN VS EQUITY, TECH VS NON-TECH
In most cases, applying for a bank loan is the best option. Otherwise, people will want some form of ownership of your company if they were to invest.
You can also consider loaning from someone you know (e.g. FAMA). Think twice before you offer equity in exchange of the capital as it comes with strings attached.
If you are developing an innovative or tech business, you’ll get more options such as government grants, sourcing from crowdfunding platforms, angel investors and more.
Loaning money to start isn’t bad, you’ll just have to make sure to set a proper plan to pay it off!