Startup

Tom wanted to start a small business.

He establishes a sole proprietor business and applied for government licenses with the assistance of a business service provider.

During the year he had to manage the book keeping, administration and human resource of the business. He rented an office in a business service office.

After a year, he started to pay tax and thought of growing his business.

Money for a Start-up

Many entrepreneur before starting a business have a X amount in mind for capital. This X is usually from their savings, families and lender, which is tough to get if you're a start-up (Usually a 3 year track record is required). A few key sites for information ongrants and funds for Malaysian entrepreneurs are:

Idea

  • Cradle

Prototype

  • Cradle
  • MOSTI

Others

  • SMIDEC
  • MATRADE
  • SSM
  • SME CORP
  • SME Info