Selamat Hari Raya

Apa khabar teman teman semua.? Sudah hampir sebulan dah kit a menunaikan ibadah puasa. Dah pun nak Raya.

Tahun ini adalah satu tahun yang paling mencabar bagi AbangAbu. Dari segi Perniagaan, juga personal life.

Banyak dugaan yang AbangAbu lalui. Kini tiba masa untuk AbangAbu duduk fikir balik apa yang berlaku , yang baik kita ambil dan yang kurang baik kita jadikan pelajaran.

AbangAbu juga mengambil Kesempatan Ini untuk memohon maaf dari semua yang mengenali atau tidak mengenali AbangAbu.

Dihari dan bulan yang mulia ini marilah kita bermaaf maaf dan menjalinkan semula hubungan silaturahim yang mungking renggang .

ABANGABU  mengambil kesempatan mengucapkan SELAMAT HARI RAYA AIDILFITRI ”’ EID MUBARAK”’

This week enterpreneur:Homebiz to Shopspace

This week will be a pleasure to show you how from a homebiz with little capital to a shop space at a prominent shopping center.

Learn from another coming entrepreneur. May her sharing will give us many tips and learning opportunities.

Lets hear it now:

 

Name: Emmiellia Arip

Age: 36

URL: http://www.qispetals.com.sg

1) What kind of business do you have? What inspired you to become an entrepreneur?

I manage a Fresh flower business for all occasions. Mainly, my passion for fresh flowers pushed me further into the business since 2003.

2) Did you need to have a certain mindset to achieve success?

You must love what u do. Love it unconditionally, from your heart. You must find yourself learning something new- no matter how small- each day when you’re at it. Learn even from the tiniest mistakes in the business. You must believe, little things matters- it completes the big picture; also because you’re part of the service industry. That’s a big deal in Singapore, especially. Insya’allah u’ll go far.

3) Have you noticed certain advantages to being an entrepreneur?

Everyday, you present yourself to others in related industries. They begin to notice you in the market. You get to know them and able to identify how u can serve them through your business. They in turn gives u the support u need to boost your business. Then come the recommendations of your services to others they know. The effects and results happen much quicker.

4) Is it difficult to get financing for businesses? If so, why and are there any solutions?

Yes, it is. There are too many procedures, clauses and processes. but that’s the way it is here in Singapore. These are for checks and control purposes and we’re legally bound to them. Best to have your own financial support, before you go into one.

5) Did you have a mentor to help you get started?

I do not have a mentor, but I do have strong and full moral support from very few people who are close to me and believe in my skills. They got me this far. I got started as soon as I realise I’m passionate about flowers and only after taking up courses and working for a flower shop and at a hotel’s in- house florist department as a part- timer, over a period of time- then I was sure and confident to go further.

6) Approximately how much money did you invest before your business became profitable?

I was at a home based business from 2003, and after 5yrs, I’ve recently upgraded the business to a shop unit. So back in 2003, I did not invest much. I ran at very low costs, running the business from a room at home. About $2,000 to buy the flower fridge, basic materials and equipments. Less than 2months, I manage to cover the amount after deducting costs. For now, the amount is many times over, and I hope to recover by 1st half, next year. Insya’allah.

7) What resources were most helpful to you when you were starting your business?

Books, courses, web browsing, informative materials, supplier resources and lots of moral support from my husband- the most important factor, above all worldly reasons. Alhamdulillah.

8) What ways have you found to be most effective in marketing your product or service to get sales?

Self marketing. Go out, meet people, identify potentials, propose and close sales. Then comes word- of- mouth. It’s almost magical.

9) What tips can you give others who want to embrace their dream but, don’t have the confidence or feel they don’t have what it takes to succeed?

You won’t know till u try. It’s pure common sense. If you choose to feel those ways, you won’t make it- simple. Your confidence must be at a reasonably high level, enough to push you forward all the time. Otherwise, you’ll remain in dreamland.

10) How do you manage juggling the responsibilities of being an entrepreneur?

Loving what I do helps tremendously. I’ve got to manage or I won’t do well.

11) What’s next for you?

Building my customer database at a speed fast enough to recover the capital put in; at the shortest possible time and continue building it to sustain and improve my business consistently. Insya’allah.

KOMPAS WANG WORK BOOK

Apa Khabar semua. AbangAbu ucapkan terima kasih kepada semua yang sudah memiliki buku kerja KOMPAS WANG .

Sambutan baik. Belum lancar dah 60 order. Sekarang dah 500 over dah gone.

Thank you for the support.

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Cara guna semua dah ada and easy sekali.

AbangAbu juga akan begerak ke merata singapura dalam program Bijak Belanja anjuran MENDAKI. Disini juga anda boleh dapatkan buku kerja kompas wang.

Bagi yang nak order direct atau dapatkan dari ofis kami di peck seah.

Boleh call 62200701 atau email kompas@nowasia.sg

Anda juga boleh bayar melalui Kad Kredit menerusi Paypal..


Akan kami hantarkan kepada anda dalam masa 2-3 hari. Sila e-mail nombor telephone ada sekali kepada kompas@nowasia.sg

Biz Tips: CASHFLOW

Hallo all,

Today AbangAbu  want to discuss on a very important aspect of business. Many businesses which doing well also be effected because cashflow problems.

A healthy cashflow will keep the business floating in any situation. It is so critical on making our business is having a good cashflow. I want to share some tips on having a healthy cashflow.

CASHFLOW

C- Collect –Collect the cash fast . After every job that is done make sure you get your payment immediately . This will give the business the cash for the project. This is very critical for a new start up or new set up. Do business with those who can give you cash fast.

A-ASK– Ask for deposits for any orders that you get from customers. By asking for deposit will give you the extra cash that you might need. This will also make the customer serious about their order. Keep in mind always ask for deposits. The range is between 10% to 50%.

S-Sell– Sell off any old inventory or unsold goods that you might have. Sell it for a discounted price or at the cost price. This will give you the extra cashflow that you might need to use for next stage.Its better to get rid of old stock and get new things.

H- Have Systems- 1)System of collecting payment and issuing invoices. This is important so that there will be a way that you can track on the payment that you should receive.

2) System of credit check on the customers- This must be done to make sure that your customer have the intergrity as well the capacity to pay you. Especially for those request for credit terms.

F-Find- Find all the financing option available out there . What are the facilities that can be tapped. From Government schemes or even from banks. Have some credit facilities ready as it might be useful when you need them. Keep informed on what the latest scheme that available that will be useful for your business.

L-Leverage- Leverage on the credit terms available from your vendor. Always pay on the last due date. This will keep your cashflow healthy. Talk on longer terms with your vendor as this will give you the time to sell the products and than pay from the sale. This is a  good strategy for those who are really have tied cashflow.

0-Offer- Offer discounts for those of your customers who pay cash and make prompt payment. This will make them to pay cash and fast.

W-Watch- Watch your business expenses carefully so that your expenses is withing the budget. This is critical as many business owner will use the cash available for their own expenses . PLEASE DO WATCH THIS.

With all those tips i am sure many of you will start to implement it in your business. I wish all businesses to have healthy cashflow and prosperous so that it can provide greater services for the people.

See you all in next tips.

I would also encourage my readers to comment on this tips. You can also write in your tips too.