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:
- SME CORP
- SME Info