This Week Entrepreneur: Trading and supply Biz

Hi ,

How are you? Its been sometimes already that i get entrepreneurs to be featured here . And this week i get to meet this mother whom i saw few times and i like the energy that she have towards being successful.

I want her to share some of her tips and ideas that might be useful for all of us.

She don’t want her picture to be here anyway… But my advice for entrepreneurs never be shameful to show your face to the world.

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

I am doing supply and trading business. What really inspired me to be an entrepreneur beside the vast potential income is that I can be my own boss and manage my time according to what I realy want , not dictated to me by my boss.

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

Of course. In doing business you HAVE to have the right mindset. You need to be VERY positive and willing to accept the rejections that come your way as a learning experience to excel in your business.

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

Yes, being able to maximise your true potential and test yourself to the max. Before being an entrepreneur, I never dreamt of for example mending a booth. I’m a very shy person and very self -conscious. But after sometime, I manage to overcome my shyness and my self esteem improved. Another thing is that when my group of suppliers and traders grow, I feel deep satisfaction because I manage to not only help myself but also others in making a difference in their lives.

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

Yes if you do not have a good financial background but that should not prevent you from being an entrepreneur. Financial support can come from family members and friends. In my business, for those who have inadequate capital, they can start as low as $39! All they need after that is sheer hard work and prayers.

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

Yes, I would never indulge myself in any business if I do not see any success for those who have done it. My mentor has been in this biz very long and I feel very confident in him to guide me to achieve success.

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

I have personally purchase 1 trading volume to start my business. I got back my initial investment by just trading half of my stocks.

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

My main resource is my mentor cos he was the one who brainchild this trading and supply business. Other information I got are from the internet and from my interaction with fellow suppliers and traders in my business.

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

There are various ways that I market my products but most effective is personal recommendation from relatives and friends. Mending booth help to introduce the product to to the consumers and the free trial that I give enable them to be more convinced to purchase the product.

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?

WHATEVER YOU THINK IS RIGHT! If you think you can do it, you can but if you think you can’t, then you can’t. Confidence can be built with knowledge and sales activities. You must be willing to come out of your comfort zone if you want to embrace your dream.

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

I’m a mother of four. Juggling responsibilities can be done by prioritising your roles. Do not be so rigid in life. Be flexible and willing to adapt to changes when the needs arrived. During my children exam period, I lessen my sales activities to cater for their needs.I also involved them in my business so that they understand what I’m doing and be more appreciative of my effort to bring comfort to their lives.

11) What’s next for you?

I’m targeting the world to market my product. I am currently negotiating with traders from Brunei and Indonesia. Besides that I am continuously expanding my team to include housewives and students who want to earn extra income.

I hope this sharing will give you the motivations to keep up your journey.

Radio Warna: Paradigma bersama AbangAbu

Salam semua, today was my last episode for the paradigma segmen under AB Shaik , And it went well all this 4 weeks. I received many emails and calls regards the program , Insya Allah might be doing some other segmens as well in the near future.

As for the benefit for all , i will do a summary of what i share here in my blog .

The first day

It was introduction about me and also about the financial literacy topic to discuss. And it was very interesting as it is not planned that i will be continuing the program. But the topic seems to attract more listners and we were getting many calls and emails,So AB shaik decides it will be good and beneficial for the listeners . Thats how we continue for 4 weeks,

So the first day i share about MAP and Kompas Wang

M- Its all about our mind set, and i stress to have a very positive mindset. Everything starts in mind so it is important to have a positive mind. I stress about this here Infact in MAP untuk KAYA program i will give a technique on how to develop and form new neuorons in our mind.

A- I talked about no matter how postive our mind can be , nothing will happen if there is no action. So i stress on taking specific actions to achieve our goals.

P- Planning is important as even we have right mindset and take the necessary actions but without planning we might not on our track or even we will lose out.

This is what i share on the 1st day , And i stressed on getting financial education as this is what will make our community progress ahead. So as for the benefit i am doing my MAP untuk KAYA on this 1st November 2008 , This will be a good start for those who really keen on having great financial health and wealth.

I will continue tommorow on what happen second session

Program Bijak Belanja

Program Bijak belanja mendapat sambutan baik dari penduduk di kaki bukit CC,

Best AbangAbu enjoy the session dengan penduduk di area bedoknorth.

Program ini akan berterusan insya allah ke tempat tempat lain juga.

Ada sedutan di TV berita untuk tatapan anda semua.

Bagi yang anda yang ingin membawa program bijak belanja ke kawasan anda sila hubungi abangabu atau pihak sense mendaki.

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Belia Dan Bisnes : 4 perkara bantu usahawan



Abang Abu
APA khabar para usahawan semua? Sejak akhir-akhir ini bermacam-macam cerita yang kita dengar mengenai ekonomi dunia.

Bagaimana dengan anda? Adakah anda sentiasa mengikuti berita di akhbar dan televisyen mengenai kegawatan ekonomi?

Hari ini, AbangAbu akan bincangkan empat perkara yang perlu diberi perhatian oleh usahawan bagi mengurangkan kesukaran dalam menghadapi kegawatan ekonomi ini.

  • Pertama, AbangAbu syorkan anda mula memberi perhatian kepada pelanggan anda serta dekatkan diri anda dengan mereka. Jangan risau akan masa depan, sebaliknya mula bertanya soal kegawatan daripada pelanggan anda. Keadaan gawat ini tidak akan kekal. Dalam keadaan gawat, masih ada yang membeli produk anda. Adalah menjadi tugas seorang usahawan memberikan tumpuan kepada keperluan pelanggan.
  • Hanya pada waktu seperti ini para usahawan perlu lebih gigih dan bekerja keras. Anda juga perlu bijak menguruskan perniagaan dengan lebih efektif. Dalam keadaan ekonomi hangat, selalunya para pelanggan akan mencari anda, tetapi dalam keadaan ekonomi meleset, anda pula yang perlu mencari pelanggan serta meluangkan sedikit masa berbincang dengan mereka.

    Dalam abad ini, anda perlu menjadikan pelanggan anda sebagai rakan perniagaan anda, bukan sekadar pembeli sahaja. Dalam keadaan ekonomi meleset, hubungan antara peniaga dan pelanggan akan menentukan kejayaan sesebuah perniagaan. Pelanggan akan sentiasa menyokong anda dalam apa jua keadaan ekonomi sekiranya mereka dapat layanan yang baik daripada anda.

  • Kedua, anda harus tahu akan aliran tunai kewangan anda. Berapakah wang yang anda belanjakan dan berapakah wang yang dibawa masuk?
  • Teliti trend bajet perbelanjaan tahun lalu, mungkin ada sesuatu yang tidak penting dibelanjakan tahun ini. Ini perlu diberi perhatian, contohnya mungkin anda mempunyai perjumpaan pekerja setiap minggu di sebuah hotel mewah tetapi tahun ini adalah lebih baik jika ia diadakan di tempat yang lebih menjimatkan.

    Satu lagi perkara yang penting adalah aliran wang yang perlu masuk. Anda perlu memulakan operasi meminta pelanggan anda membayar segala yang perlu dibayar. Jangan biarkan akaun kredit ini kerana anda juga perlu bayar kepada pemborong anda misalnya. Sekiranya anda membiarkan pelanggan anda melambatkan bayaran, mungkin anda akan menghadapi masalah aliran tunai.

    Kalau dulu anda mempunyai pekerja untuk melakukan operasi memungut bayaran daripada pelanggan, di masa gawat anda sendiri perlu melakukannya.

  • Ketiga, semakin banyak anda bincang soal kegawatan mungkin akan menimbulkan perasaan serta minda yang negatif. Ini akan menyebabkan anda mengambil tindakan yang kurang kreatif.
  • Anda perlu menjaga emosi anda agar tidak meleset. Kurangkan mendengar berita yang negatif, sebaliknya tumpukan pada jualan anda.

  • Keempat, anda perlu menimba ilmu kewangan dan perniagaan. Bayangkan anda ingin mengembara ke sebuah tempat yang baru dan anda tidak faham bahasa di sana. Selain daripada persediaan mengembara, baik jika anda belajar bahasa tempat itu juga. Itu adalah yang terbaik.
  • Seperti dalam perniagaan, ramai usahawan hanya terjun botol tanpa mempelajari ilmu perniagaan.

    Perkaya diri dengan ilmu perniagaan.

    Crisis;;;; What need to be done?????

    Hi again,

    AbangAbu been hearing this word GAWAT in malay meaning recession. And many of us will be effected some how during this recession. But do we just stay on and not doing anything.

    “so what we should do ?”

    Abang Abu feel beside we take all the necessary action on spending less and only for needs rather than want, now it is our responsibility to educate ourselves about money. How to make , invest and many more things. Attend workshops and programs related to money. This is the time you should really have to learn , invest in learning and you will save soo much.

    “MAP untuk KAYA workshop is one such program conducted by AbangAbu”

    The other thing that should be a responsibility for everyone is to teach our young ones about money . That is the age that we should teach them about important of managing money properly so that they will be ready to face any recession in future.

    Getting hot
    Getting hot

    AbangAbu recently conducted such program for some students age 15 in one of the secondary school as one form of post exam activity.

    We use a game board to teach them about finance. And i would love to see more of us take responsibility in teaching these people about money in anyway that we can.

    If you have some kids or teens that you know and want them to learn about money. Look forward in coming November AbangAbu is planning to have a 4 days workshop for them. Detail will be out soon.

    Mean time if you have some ideas or you have some thought about this please response to this article.

    Really happening
    We are going on to become millionaires
    We are going on to become millionaires
    Really happening

    May more of our young will have one of the most important knowledge … lets work this together.