Thursday, June 30, 2011

What To Do With RM10,000 Nowadays?

I have been wondering what you can do with RM10,000 nowadays? Or if this RM10,000 is a windfall, what are you going to do?

For me, I have used my own savings to startup a business which is not easy as what others think. Before you start a business you must always have a definite goal. I have tried to keep on asking myself:

i. What is your plan, can it work?
ii. What type of business you want to venture into?
iii. Where, when, why, and how to start your business?
iv. Do you have any experience in this business?
v. How much return you want to generate from your business?
vi. Can your business operate for long term?
vii. How long would it take to earn back your startup capital?

web business



Recently, I have started a web business and employ some full-time salesmen to work for it. However, I do not expect that it will generate fast return within short period. According to my current strategy, I will need 1-3 months to gain some market feedback. From there, I will know whether my business strategy is workable or not. Meanwhile, my partner and I will try to come out solutions to change into something that customers actually want, rather than our own interpretation of what they need.


In terms of the idea, the key to our web solutions is to automate their business or to simplify complicated task for business owner. This is because they can make very low cost startup business. They don’t need much inventory, or even full time staff to take care of their physical store. They can run the business themselves anytime at anywhere.

Besides that, we have prepare the backup fund to cover the shortage of expenses. This backup buffer fund would be very crucial for a person who is running the business due to expected slowdown in the economy. We need to have at least 6-12 months ready fund and this money should be kept in a savings or fixed deposit account to ensure maximum safety of the buffer.

55 comments:

  1. This comment has been removed by a blog administrator.

    ReplyDelete
  2. This comment has been removed by a blog administrator.

    ReplyDelete
  3. This comment has been removed by a blog administrator.

    ReplyDelete
  4. This comment has been removed by a blog administrator.

    ReplyDelete
  5. This comment has been removed by a blog administrator.

    ReplyDelete
  6. This comment has been removed by a blog administrator.

    ReplyDelete
  7. This comment has been removed by a blog administrator.

    ReplyDelete
  8. This comment has been removed by a blog administrator.

    ReplyDelete
  9. This comment has been removed by a blog administrator.

    ReplyDelete
  10. This comment has been removed by a blog administrator.

    ReplyDelete
  11. This comment has been removed by a blog administrator.

    ReplyDelete
  12. This comment has been removed by a blog administrator.

    ReplyDelete
  13. This comment has been removed by a blog administrator.

    ReplyDelete
  14. This comment has been removed by a blog administrator.

    ReplyDelete
  15. This comment has been removed by a blog administrator.

    ReplyDelete
  16. This comment has been removed by a blog administrator.

    ReplyDelete
  17. This comment has been removed by a blog administrator.

    ReplyDelete
  18. This comment has been removed by a blog administrator.

    ReplyDelete
  19. This comment has been removed by a blog administrator.

    ReplyDelete
  20. This comment has been removed by a blog administrator.

    ReplyDelete
  21. This comment has been removed by a blog administrator.

    ReplyDelete
  22. At this time it appears like Expression Engine is the top blogging platform available right now.
    (from what I've read) Is that what you are using on your blog?

    Also visit my web blog - ladies bags wholesale philippines
    Also see my web site - adidas duffle bag pink

    ReplyDelete
  23. Keep on working, great job!

    Also visit my website - hip pain while sleeping

    ReplyDelete
  24. Hi there! I'm at work browsing your blog from my new iphone! Just wanted to say I love reading through your blog and look forward to all your posts! Carry on the fantastic work!

    My web page ... dance sports bras for kids

    ReplyDelete
  25. Doh! I was domain name searching at namecheap.
    com and went to type in the domain name: http://www.blogger.
    com/comment.g?blogID=6840316479514133457&postID=6312595882768023681 and guess who already had it?
    You did! haha j/k. I was about to buy this domain name but realized it had
    been taken so I figured I'd come check it out. Awesome blog!

    Review my web-site heating and cooling products

    ReplyDelete
  26. The other day, while I was at work, my sister stole my iPad and tested to
    see if it can survive a thirty foot drop, just so she can be
    a youtube sensation. My apple ipad is now destroyed and she has 83 views.
    I know this is completely off topic but I had to share
    it with someone!

    Here is my page ... silicon chip magazine

    ReplyDelete
  27. Hi mates, how is the whole thing, and what you would like to say regarding this article, in
    my view its really remarkable in favor of me.


    My homepage: yamaha golf carts reviews

    ReplyDelete
  28. I like the helpful information you supply
    for your articles. I'll bookmark your blog and check again here frequently. I am slightly certain I will be told many new stuff right right here! Best of luck for the following!

    my homepage - outdoor led lighting

    ReplyDelete
  29. The other day, while I was at work, my cousin stole
    my apple ipad and tested to see if it can survive a thirty foot drop, just so she can
    be a youtube sensation. My iPad is now broken and she has 83 views.

    I know this is entirely off topic but I had to share
    it with someone!

    Also visit my blog - outer banks vacation rentals nags head

    ReplyDelete
  30. Hey there! I just wanted to ask if you ever
    have any issues with hackers? My last blog (wordpress) was
    hacked and I ended up losing a few months of hard
    work due to no backup. Do you have any methods to protect against hackers?


    Also visit my blog; http://www.dailystrength.org/people/2742350/journal/6018800

    ReplyDelete
  31. Having read this I believed it was extremely enlightening.

    I appreciate you spending some time and effort to put this
    information together. I once again find myself personally spending a
    lot of time both reading and commenting. But so what,
    it was still worthwhile!

    Feel free to surf to my web page ... chiropractor-orlando.com

    ReplyDelete
  32. Can I just say what a comfort to find a person that really knows what they're talking about over the internet. You definitely know how to bring an issue to light and make it important. More people must check this out and understand this side of your story. It's surprising you aren't more popular given that you surely have the gift.

    My web site 3 day golf schools in phoenix arizona

    ReplyDelete
  33. Hi, I do think this is a great blog. I stumbledupon it ;) I am going to return once again since i have bookmarked it.

    Money and freedom is the greatest way to change, may you be
    rich and continue to help others.

    Here is my web blog neck and shoulder blade pain

    ReplyDelete
  34. What's up everyone, it's my first pay a visit at this website, and article is genuinely fruitful in
    support of me, keep up posting such content.

    Feel free to surf to my page - downtown disney restaurants orlando florida

    ReplyDelete
  35. Admiring the time and effort you put into your website and detailed information you present.
    It's nice to come across a blog every once in a while that isn't the same outdated rehashed information.
    Great read! I've bookmarked your site and I'm adding your RSS feeds to
    my Google account.

    Stop by my homepage neck injury ppt

    ReplyDelete
  36. Hi there, the whole thing is going well here and ofcourse every one
    is sharing facts, that's truly excellent, keep up writing.

    Also visit my website :: http://fonzation.com

    ReplyDelete
  37. Excellent post however , I was wondering if you could write a litte more on this topic?
    I'd be very thankful if you could elaborate a little bit more. Thank you!

    my weblog ... Las Vegas Golf Instruction

    ReplyDelete
  38. Hello very cool website!! Man .. Excellent .. Superb .

    . I will bookmark your web site and take the feeds also?
    I am glad to search out so many helpful info right
    here within the submit, we need work out extra strategies on this regard, thank you for sharing.
    . . . . .

    My web page ... Chiropractor

    ReplyDelete
  39. Hello there! This blog post couldn't be written much better! Going through this article reminds me of my previous roommate! He always kept preaching about this. I'll forward this information to him.
    Pretty sure he's going to have a great read. Many thanks for sharing!

    my web-site :: http://www.mylocally.com

    ReplyDelete
  40. Thanks for finally talking about > "What To Do With RM10,000 Nowadays?"
    < Liked it!

    Feel free to surf to my homepage :: Orlando Chiropractor

    ReplyDelete
  41. An impressive share! I've just forwarded this onto a co-worker who was conducting a little homework on this. And he in fact ordered me lunch because I found it for him... lol. So allow me to reword this.... Thanks for the meal!! But yeah, thanks for spending some time to discuss this issue here on your web site.

    Have a look at my homepage; Public Golf Courses melbourne florida

    ReplyDelete
  42. Hello, I am new to blogging and internet sites in general and was wanting to know how
    you got the "www" included in your domain name?

    I see your web address, "http://www.blogger.com/comment.g?blogID=6840316479514133457&postID=6312595882768023681" has the www and my web address looks like, "http://mydomain.com".

    Do you know just how I can alter this? I'm using Wordpress platform. Regards

    Look at my web-site www.youtube.com

    ReplyDelete
  43. I'm curious to find out what blog system you're utilizing?
    I'm having some minor security problems with my latest blog and I'd like to find something more safeguarded.
    Do you have any solutions?

    Here is my web-site ... gifts from your teleflora florist

    ReplyDelete
  44. obviously like your website however you
    need to test the spelling on several of your posts. Several of
    them are rife with spelling problems and I to find it very bothersome to tell the reality on the other hand I'll definitely come back again.

    My blog post ... http://wholisticuniverse.com/index.php?ct=chirop&md=submitad

    ReplyDelete
  45. My programmer is trying to persuade me to move to .net from PHP.
    I have always disliked the idea because of
    the expenses. But he's tryiong none the less. I've been using WordPress on various
    websites for about a year and am anxious about switching to another platform.
    I have heard good things about blogengine.net. Is there a way I can import all my
    wordpress posts into it? Any help would be greatly appreciated!


    Here is my web page ... Cheers Sports Bar

    ReplyDelete
  46. Hi there! This is kind of off topic but I need some guidance from an established blog.
    Is it difficult to set up your own blog? I'm not very techincal but I can figure things out pretty fast. I'm
    thinking about making my own but I'm not sure where to start. Do you have any ideas or suggestions? Appreciate it

    My page ... kitchen appliances india limited kolkata

    ReplyDelete
  47. It's a pity you don't have a donate button!
    I'd without a doubt donate to this excellent blog! I suppose for now i'll settle for bookmarking and adding your RSS feed to my Google account.
    I look forward to fresh updates and will talk about this website with my Facebook group.
    Talk soon!

    Feel free to visit my web blog ... pharmacy technician training

    ReplyDelete
  48. Thank you for any other magnificent article. Where else could anyone get that type of info in such a perfect means of writing?
    I've a presentation subsequent week, and I'm on the search for such info.


    Also visit my page: sargentgolfinstruction.com

    ReplyDelete
  49. This is my first time go to see at here and i am in fact impressed to read all at one place.


    my blog post gall bladder surgery complications

    ReplyDelete
  50. Hi, this weekend is nice in favor of me, for the reason that this time i am
    reading this impressive educational piece of writing here
    at my residence.

    Also visit my page: callaway golf diablo edge irons

    ReplyDelete
  51. Hi, Neat post. There's an issue along with your web site in internet explorer, would check this? IE still is the market leader and a large part of other folks will leave out your fantastic writing due to this problem.

    Feel free to visit my web page :: Http://www.deloops.Com/

    ReplyDelete
  52. We are a bunch of volunteers and opening a brand new scheme in our community.

    Your web site provided us with useful info to work on. You have done a formidable
    activity and our entire neighborhood can be thankful to you.


    my web-site :: golf shoes for women 2012

    ReplyDelete
  53. It's going to be end of mine day, but before end I am reading this great article to improve my knowledge.

    Also visit my homepage - golfnow promo code

    ReplyDelete
  54. It's an amazing paragraph for all the online viewers; they will take benefit from it I am sure.

    Also visit my webpage - burning pain in right scapula

    ReplyDelete
  55. I like the valuable information you provide in your
    articles. I'll bookmark your weblog and check again here frequently. I am quite sure I will learn many new stuff right here! Good luck for the next!

    my weblog; sushi girl plot summary

    ReplyDelete

Hi, please leave your comments here :)