Monthly Archives April 2017

4 Essential Things You Must Do Before Starting A Food Business

Starting a food business in Malaysia is a good idea because Malaysians have a passion for dining out. However, building a restaurant from scratch is easier said than done. There are a lot of things that you have to do to ensure that people will patronize the food you serve. The success of your business largely depends on how well you plan everything before the launch. If it’s your first time to start a restaurant, below are some of the most important things you need to do to increase your chances of success:

 

  1. Research and understand your target market. This is imperative if you are going to open the restaurant in an area with diverse populations and ethnicities. Try to observe the restaurants in the area and identify which ones are getting the most number of customers. If you have time, you can do surveys and directly ask people what cuisine they would like to have in the neighborhood.

 

  1. Plan your menu well. The general rule is that you shouldn’t make the menu too similar with other restaurants in your location. You should offer dishes that can’t be found anywhere else.

 

  1. Get a reliable accountant. A lot of new business owners take this for granted and end up going bankrupt. Needless to say, you need an accountant who can efficiently track your cash inflows and outflows. You should be acutely aware of your expenses and profits.

 

  1. Identify all the tools and equipment you are going to need. A large chunk of your initial capital will be spent on these tools and equipment. These include all the furniture and appliances in the kitchen and the dining area. Aside from the standard cooking utensils and appliances, you also need equipment for pressure measurement, temperature tracking, and thermal imaging.

 

In following these practical tips, you will significantly increase the odds that the business will thrive. Being successful in the food business isn’t solely about serving excellent cuisine. You also have to be fully aware of the needs and wants of your prospective customers. And of course, you must always track your finances to ensure that the cash inflow is higher than the outflow.

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4 Strategies To Land a Job In Shah Alam, Malaysia

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There are certain things that you need to understand before you start searching for job vacancies in Shah Alam. First of all, it’s a huge city, but its economy is not as diverse compared to the other main Malaysian cities like Kuala Lumpur. With that said, the number of industries you can enter may be limited depending on your educational background, experience, and skill set. However, it’s really not that difficult to land a job in the city if you know how and where to look. To help you get started, here are some practical strategies you should follow:

  1. Directly approach the firms or establishments that you want to work for. This is sometimes referred to as cold-calling. It’s a bit intrusive, but it’s very effective if you know how to talk and negotiate with prospective employers. You can inquire about job openings either via telephone or email. Whatever option you take, don’t forget to show or describe to them why you will be an asset to the company.
  1. Seek recommendations from people you know. If you have friends, family, or acquaintances who work in a company you are targeting, you should ask for a recommendation or a referral. A huge percentage of new employees, especially in administrative positions, are hired through recommendations and referrals.
  1. Get in touch with the local office of the Ministry of Human Resources. This is the ministry in Malaysia that deals with the labor market. They often organize job fairs and training workshops for people who are looking for work.
  1. Take advantage of online job boards and career websites. There are a lot of online job boards that cater to Malaysians looking for jobs. These include Refer Jobs, Jobstreet, Wobb, Scoot, Jobs Central, Career Jet, and Monster Jobs. It’s advisable that you create accounts on these sites.

 

The main takeaway from these strategies is that you should persistently market yourself to prospective employers. Don’t be afraid to contact the human resource managers of the companies you want to work for. Always feel free to seek help from government agencies who deal with labor resources. And last but not least, Google is your best friend. The search engine is the bridge that connects you with job listings and opportunities to any location in Malaysia.

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Everything You Know About Credit Cards Are Wrong: 3 Tips You Shouldn’t Ignore

As the use of credit cards in Malaysia increases year after year, you may have heard warning testimonials about credit cards, e.g., how easy it is to fall into debts when owning one (or several). Yes, these stories could be true, but you shouldn’t be put off by them. Credit cards are tools: they can’t make you go bankrupt if you don’t allow it to happen.

As a rule of thumb, you need to be savvy about your money to avoid debts. Being aware of where your money comes from and where it goes, will help a lot in planning your financial stability. Also, you will need to manage your financial tools, including your credit cards. So here we share some simple and practical tips to help your first steps to being a credit card-savvy person.

 

  1. Remember that a credit card can be an excellent tool.

Yes, a credit card can actually be a helpful and beneficial tool. And it does not have to be a curse to you if the credit card is managed properly and used responsibly. The reason is that it can help you to build good credit for when you need it in the future.

However, a credit card can also get a lot of people into trouble. This is especially true when young adults have not taken the time to be informed about credit cards properly. A credit card should not be used as a way of life for every purchase you make. Doing this in the long term will hurt your finances deeply, due to the fact of having to pay substantial interests. Financial expert Dave Ramsey says that when it comes to credit card spending: if you cannot pay a purchase in cash, don’t put it on your card.

Remember that a credit card can be an excellent tool.

 

  1. You should not choose just any card that is on the market.

Your primary objective is to be informed about various cards that are available in Malaysia today. You need to carefully consider the perks, the cautions, the benefits, the interest rates on purchases, cash withdrawals, and other related things. You need to decide if you want cash back or prefer to receive air miles as incentives when you make purchases.

Consider if the purpose of your credit card will be for the possibility of being able to provide financing for an expensive yet needful purchase. Taking all of these essential elements into careful consideration will lead you into making a wise and informed decision about which card is right for your situation. You can also contact a financial advisor if you need help in choosing the best credit cards in Malaysia that are suitable for your needs.

 

  1. Be aware of your credit history.

It really is no surprise that those credit cards that seem to offer the best terms and most awesome rewards are highly targeted to those who possess excellent credit scores. Therefore a great credit card is really based on your credit score. If your credit score is not so great, your application to a great credit card could be turned down. So you should find out what your credit score is. If you’re not sure how to do this correctly, contact a financial expert.

Be aware of your credit history.

 

Credit cards are not evil; they’re tools that can work for your financial health. Before anything else, know how to manage your money. Then, learn how to use your credit card(s) to your advantage. Careful planning will help you from getting into credit card hassles that you don’t want or need. 

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