From funding, company / office setup, hiring, operation tools to developing your online presence
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!
Yellow Bees is the business directory & resources portal - everything you need to start & grow your business in Malaysia.
Our business directory is B2B-focused with thousands of business suppliers listed, making it convenient for any business to source the right services or suppliers.
Besides business listings, we are also publishing business resources specially curated for businesses in Malaysia.
"Growing your business is like raising a child" - we are here to support your "parenthood" with the resources available at Yellow Bees.
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!
Please enter your valid email address to receive the eBook download link.