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If you are planning to start your own business, this is the book for you! We have compiled a simple-to-understand, practical guide on how to start a business in Malaysia, based on our years of experience and learnings. Hopefully, this will be useful for you!

    PREVIEW CHAPTER #1:

    START-UP CAPITAL

    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, 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!

    CHAPTERS

    START-UP CAPITAL

    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?

    COMPANY SETUP

    Before you set up the company, the most important question to ask yourself is whether do you really need business partner(s)?

    OFFICE SETUP

    You may consider starting a business from your own home as renting an office will put a load on your operation cost in the beginning.

    HUMAN RESOURCES

    Your first few employees will be crucial for the survival of your business. You should look for strong-willed individuals to be your pioneers.

    SOFTWARE & APPLICATIONS

    With the emergence of SaaS (Software as a Service), you are able to access world-class software with affordable monthly fees.

    WEBSITE & E-COMMERCE

    While Google My Business, Facebook page might be sufficient for some businesses, there are many benefits of setting up your own website.

    SHIPPING & LOGISTICS

    You’ll need to be more critical of the time you spend on daily operations as you should be focusing on growing your business.

    ADVERTISING & MARKETING

    Keep in mind that as a business owner, you should understand your business and sell it from your customer’s point of view.