10 Useful Tips To Start A Business As A Student In Malaysia @theslientmoveproject

thesilentmoveproject

10

Useful Tips To

Start A Business As A Student In Malaysia A guide book for you!

STNETNOC

FO ELBAT

Introduction

01

06

Market Research

Paid Advertising On A Budget

02

07

Map Out Your Finance

Customer Service

03 Drafting Business Plan

04

Its

08 Growing Your Business

Determine Business Structure

&

Importance

&

Business

Registration

05 Marketing Strategies

09 Small Business Ideas

10 Looking After Your Mental Health

Conclusion

10 Useful Tips To Start A Business As A Student In Malaysia

INTRODUCTION About us

We are a group of six students from Taylor's University, taking the module Millennials in Malaysia: Team Dynamics and Relationship Management(UCM60208U3). We are carrying out a virtual M.O.V.E. Project based on our assigned Taylor's Graduate Capabilities(TGC) theme and a sub-attribute.

M.O.V.E Project The M.O.V.E. Project is a team project to apply leadership, teamwork and other aspects of our social competencies into action. We are to work together to reach out to the community around us by bringing awareness of our assigned TGC theme, which is TGC 7: Entrepreneurialism with our chosen sub-attribute TGC 7.4 : execute solution to deliver value.

Our Objective

"10 Useful Tips To Start A Business As A Student In Malaysia" is an e-book with some tips and sharing for our targeted audience, students like us, to get started with their entrepreneurship journey. E-book is chosen as our sharing media as it is free and easy accessible online. This e-book aims to provide students with useful information on how to start a small business to help on developing their skills as an aspired businessman in this digital era, as well as allowing them to achieve their goals and passions.

10 Useful Tips To Start A Business As A Student In Malaysia

01 TIP :

Market Research You may have a great idea for a product or service, but before you go any further, first make sure there's a market for it. Performing market research before launching a new business idea is an important step to help ensure your new endeavor will be successful.

10 Useful Tips To Start A Business As A Student In Malaysia

How to d

o

MARKET RESEARCH

??

01 Read about the market There are market reports for most industries. Even if your idea seems unique, such as a new type of toy, you can find information about different aspects of the toy market, including pricing and what toys are selling well. Reading these reports and those in trade journals can show you current and predicted trends, which gives you a better idea of how your product or service might perform.

02

Perform customer research Conducting customer research allows you to know more about the type of people who may be your future customers. This includes information such as their age, location, occupation, spending habits, preference and etc. With these useful information, you are able to analyze the current buying habits and trend of your targeted customers, which helps you to determine the right products, prices and services to be offered. Start by finding out from market reports, surveys and asking people around us!

03

Interview potential customers Reaching out to potential customers is essential for understanding if or how your product will be relevant in market. You’ll want to understand better on the needs and wants of your products and services by your potential customers. Conducting an online poll or survey on social media or sending out a survey link to online groups where these potential customers spend time are good options.

EXAMPLE

KEY ANSWERS YOU CAN GAIN

If your target customers are mothers of young children, put the link on a social What products or services already exist?

media platform where these women share tips, or ask a few specific women to How much are customers willing to pay?

share the link with others who meet that description.

How can products or services be better?

10 Useful Tips To Start A Business As A Student In Malaysia

How to d

o

MARKET RESEARCH

??

04 Understand the competition Learn about other companies in the same or a similar industry by comparing companies that have similar products. This helps you to understand better the business landscape and learn how they’ve succeeded. This can also aids to determine your chances of success.

Research established firms of a similar size or start-ups, be they private or publicly traded.

Speaking with potential customers can also clarify what they currently like about the competition and areas where they feel their needs aren’t being met.

Reading online reviews, talking with customers in person or online, and conducting surveys are all useful ways to obtain this information.

05 Testing the business idea You could offer a business service to a few potential customers to get their opinion and see how it works in real life. If you’re making a product, create a prototype and let others use it to get their feedback on whether it’s useful, if it fits a need and how much they would pay for it. You can modify and improve your business idea based on what you learn.

10 Useful Tips To Start A Business As A Student In Malaysia

02 TIP :

Map Out Your Finance A financial plan is the most important thing a small business needs. It’s a road map, a guideline, a reminder of what your goals are–what you are trying to achieve in the shortterm and the long-term with your start-up finance. Keep in mind that success comes slowly.

10 Useful Tips To Start A Business As A Student In Malaysia

Map Out Your Finance

All new businesses have start-up costs before they can operate and become profitable. It usually takes time to develop customers and establish a regular cash flow. You’ll need money to get you through the start-up period until the business can cover day-to-day costs.

Look at your current sources of income.

What do you earn from your current job? How long would your savings last if you quit? What unexpected things could mess up your plan?

Prepare yourself for all the situations that could happen if the business idea doesn’t work out.

Make a plan for how you will fund startup costs

Ways for Students to Raise Capital 01

Fund it Yourself

02

Personal Networking

03

Consider Angel Investor

04

Crowdfunding

05

School loans/ Competitions

06

Government and Government-Backed Loans

07

Bank Loans

personal savings

family and friends

10 Useful Tips To Start A Business As A Student In Malaysia

03 TIP :

Drafting Business Plan A business plan is essential and is a strategic tool that is often utilised by entrepreneurs to allow them to plan specific steps in a detailed manner to help them succeed in their business idea, thus helping them to achieve their objectives. Having a business plan will help you to stay focused and productive.

10 Useful Tips To Start A Business As A Student In Malaysia

Steps for Drafting a Business Plan

01

03

02

04

Executive Summary This is a summary of your company mission and vision. Include your mission statement, and elaborate on the main focus of your business.

Then, briefly describe the product or service that your business offers and a summary of your big idea.

Company Description This section is where you craft and elaborate the descriptions of your business in detail. This includes necessary information such as registered company name, address of any physical locations, names of executives, history of the company, nature of the business and details about products or services that it offers or will offer.

Business Goals You should define your business goals and objectives in this section. A comprehensive business strategy should be included as well to state clearly how you are going to achieve your goals. For instance, if you are looking for investors or funding, state clearly the reason on why you need the fund and what will it help you achieve.

Business Management Structure List out your company's legal structure, such as sole proprietorship, partnership or corporation, and an organisation chart that includes your key employees and their roles. This section should also state the involvement of any individuals in your business such as ownership percentage and investors.

10 Useful Tips To Start A Business As A Student In Malaysia

Steps for Drafting a Business Plan

05

Products and services In this section, explain in detail the type of product or service that your business offers to the market. This includes how the product or service works, the pricing model, the demographic of your target audience, sales and distribution strategy , and unique selling points.

06

Marketing Plan This is where you plan your marketing strategies. Come up with a marketing plan to strategies your business such as advertising media used : traditional or new media (online).

A more detailed guide will be explained in Chapter 5 of this e-book.

07

08

Financial Projection This step is important if you are seeking for financing or investors as it states the expected profit that your business will generate to be sufficient to pay the loans or the predicted return for investors if any. In this section, provide an accurate information about business’s monthly or quarterly sales, expenses and profit. Analyse your past financial statements and be realistic with your goals.

Business financial analysis Plan your financial outlook on your assets and liabilities with a budget, such as the price of your product stocks, employee pay, physical shop or warehouse rent, and advertising cost. If you are an existing business, include the income or profit-and-loss statements, a balance sheet that lists your assets and liabilities, and a cash flow statement.

09

Appendix Include any supporting information such as bank statements, permits, employee information, business registration cert etc.

10 Useful Tips To Start A Business As A Student In Malaysia

04 TIP :

Determine Business Structure & Business Registration Everything from how you file your taxes to your liability if something goes wrong is legally related to the structure of your business. This chapter will take you through the various business entities available in Malaysia, as well as the required paperwork to start a business.

10 Useful Tips To Start A Business As A Student In Malaysia

Decide Business : Structure

Sole Proprietor/ Enterprise A sole proprietorship or enterprise is a business that owned by a single individual owner under the Business Registration Act 1956. The name of the company and its business is also registered under a private name or the name of the business owner himself/herself.

This business is registered at the Suruhanjaya Syarikat Malaysia (SSM) It only takes 1 hour to register this type of business at the SSM counter. Usually, the business capital is small, and can be raised by the owner’s assets, or borrowed from friends, family, and banks that offer microfinance.

For example event space, clothing shop and so on.

There are (5) types of business entities in Malaysia. Pick one once you have evaluated your business position, whether financially or in terms of your comprehension and knowledge of managing, developing, and acknowledging business risks.

Partnership A partnership business is similar to a sole proprietorship, except it has more than one (1) owners but no more than 20 owners.

This type of business is according to Partnership Act 1961. Usually, the capital used for this business is small, and can be raised by the owner’s assets, or borrowed from friends, family, and bank loans.

The profit of the company can be distributed according to the amount of capital, labor and under agreement from the members of the partnership.

Losses are also shared equally.

An example of a partnership business is accounting firms, law firms and so on.

Limited Liability Company (Sdn Bhd) A limited liability company (Sendirian Berhad or Sdn Bhd) is a business that registered under the Company Act 1965 but recently, this act has been superseded by a new act, Company Act 2016.

A limited liability company has Sdn Bhd at the end of its name, for example Syahlam Sdn Bhd and Terus Maju Sdn Bhd. The ownership of a limited liability company is between 2-50 people.

A limited liability company does not involve personal assets, where its liabilities are limited.

If there are any losses to the company or it becomes bankrupt, the losses do not involve the owner’s assets, but the company’s assets. This is one of the advantage of a Sdn Bhd.

Public Limited Company (Berhad) A public limited company is a company which is listed in Bursa Malaysia. The shares of the company listed in Bursa Malaysia can be bought or sold by the public. For examples TM, Padini, Aeon, Petron, Nestle and many more.

A public limited company can be owned by a minimum of two owners, up to an unlimited number of owners. The liabilities and debts are limited, which does not involve personal assets. Its capital can be gained from the sales of shares to the public, and the minimum amount is 100 units and its price depends on the price of the units on that particular time.

A list of Shariah-Compliant Securities by the Shariah Advisory Council of the Securities Commission Malaysia as at 31 May 2019 can be downloaded here.

Cooperation A cooperation is formed to increase the income of its members. Each cooperation must have at least 50 active members, and if either one of the 50 active members become inactive, the cooperation cannot run.

A cooperation is established according to Cooperation Act 1993 where members can profit through dividends if the cooperation profits. They can also vote for a Board Member in an Annual Grand Meeting.

A cooperation must register under Suruhanjaya Koperasi Malaysia (KPM).

10 Useful Tips To Start A Business As A Student In Malaysia

OKAY, WHAT'S NEXT?

1

Name Your Business

Every business needs a name. A good business is more than just a brand name – it is also part of your marketing strategy and brand identity. Run a name check after you have handpicked the business name: complete Request For Availability Of Name form and submit to Suruhanjaya Syarikat Malaysia (“SSM”); and you need to pay a fee at RM30.00 for each name applied

After the name check, register the name with SSM to get approval from the Company Formation in Malaysia.

2

Scout for Business Premise

Just like a good business name, a good business location is part of your marketing strategy.

3

Registered Office Address

In Malaysia, every business must have a legally registered local office address.

If the nature of your business is online based, your home address is used for paperwork and fixed line.

4

Prepare Documents

Memorandum and Article of Association / Constitution Statuary Declaration

By A Director Or Promoter Before Appointment Declaration of Compliance Company name’s approval letter from SSM (one copy).

Identity card of every director and company secretary (one copy each).

10 Useful Tips To Start A Business As A Student In Malaysia

5

Incorporate Your Company

You need to submit the Incorporation Documents to SSM within the three months from the approval date of the company’s name by SSM. You will need to apply for a new name search if you fail to lodge your incorporation documents to SMM within 3 months.

6

Pay Registration Fees

The Company registration fee is RM1,000.

7

Issuance of a Certificate of Registration

You will get your new business Registration Certificate within one hour from the payment transaction of registration fee is made.

AND YOU'RE DONE!

10 Useful Tips To Start A Business As A Student In Malaysia

05 TIP :

Marketing Strategies Spreading the word about your business is another crucial step to ensuring your venture is a successful one. These days it is easier than ever to market your product or service, thanks to the internet. In this chapter, you can find out which strategies suit your business and budget the most.

10 Useful Tips To Start A Business As A Student In Malaysia

Types of Marketing Strategies for Small Business or Media d e n r Ea ion Relat c i l b Pu

licise y pub d part le. ir h t valuab credible is very e ur ic o v y r e o t Having ct or s nition u g d o o c r s e p r yo u r e. Pres ran d t of tim bring b n n u a in o c a m g This u to sh o rt a w s yo ss in a s ia allo busine d include e m o s and d y als o r o o g g e t article a with is ca h s T r s e t g . c blog tr u st ro du yo u r p rs an d e e c s r n o e d lu inf to e n r b a se s well. followe n ie ce a d u a ir to th e

Conten

Partner Mar ke t in g By sharing email lists, exchanging bl ogs, bundling offerings or even co-branding programs, ads or sponsorships, you can crea te win-win situations for bo th partners.

t Mar ket

ing

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10 Useful Tips To Start A Business As A Student In Malaysia

Types of Marketing Strategies for Small Business

Socia

l

Re fe rr al M ar ke ti ng

a Medi

ce eat pla e a gr b n t, e n t a c con media e r a te d d d r e ss n e g Social a er ild us even n s. to b u ck or oncer a c b d e e e f d ic t v a r e g se am n er n sta g r r u o y c u sto m s su c h a s I build rm y o u to te y o u r s Platfo w o ea ook all y nd cr Faceb identit ase a b r e d n m a o t s u c image bran d ly ive . e ffe c t

Sear

ch En gine

Optim

iz

ation (SEO) M o st peop l e se w ant arc su G o o g sin g o n lin e h th e ir n le . W eeds se arc ith a h eng ga in in e s s a n d str a te tr a ffi uc c g i fo r y lin k t o u w c SEO , yo h as o yo u e b sit u r pro ca yo u r e or duct ta r g e pu rch n or se te d a b e in a r v se ic e d i u d ie n te r e s r e c tly ce, w te d i o ffe r t h o n o is l in g w hat ik e ly yo u r b u sin . T h is h t o b u sin e ss to e e ss ga in c lp s y o u r r e d ib b r a n d is ility a or n d tr u st.

Existing customers are actually one of the fastest and most effective approach to grow your business.

Having your custom ers to spread a word about your bu siness through giving reviews about their experience with your product or service and sharing on social media allows you to gain awareness form public, with a higher trust and credib ility.

10 Useful Tips To Start A Business As A Student In Malaysia

06 TIP :

Paid Advertising On A Budget The best digital paid platforms allow you to get started with a small budget. In this chapter, you'll discover what makes effective advertising on the four most popular online ad platforms today.

10 Useful Tips To Start A Business As A Student In Malaysia

WHaT Is

Paid

? g n i s i t r e v Ad Here's a defi nition: Marketing c hannels that involve an investment for you to get your business started.

Starting paid advertisement on a budget.

If you feel that your business is ready to take one step further, paid advertising can drive a flood of traffic to your website while providing a positive ROI. However, when you're starting on a tight budget, it's critical to start small.

In this section, we'll go over the following topics:

01 Instagram Ads

02 Facebook Ads

03

Google Ads

04

Twitter

10 Useful Tips To Start A Business As A Student In Malaysia

01 Instagram Ads The thing about IG ads, they are highly effective for Brands and Influencers to grow as the market users are more attracted and engaging in this platform for that style of content.

When it comes to costing usually startups would be scared to explore the effectiveness of IG ads due to lack of information and have no interest to learn. Instagram sets a recommended minimum budget for first-time users which makes the process easier.

Sample of a Instagram ad

10 Useful Tips To Start A Business As A Student In Malaysia

HOW IT WORKS? 1

2

Select a post (picture/video) to boost.

Create a CTA (call to action) button for customers to communicate with you.

"Visit our website now"

"Whatsapp us to purchase"

"Link in bio"

3

Define the target market for your specific ad, make sure to fill in the interests, age, location (areas that you want your ad to be displayed)

10 Useful Tips To Start A Business As A Student In Malaysia

4

5

Set a budget according to how many days you want the ad to be running. Startups should follow the recommended minimum amount by Instagram to see the effectiveness of the ad.

Lastly review your ad, make sure everything is in order (CTA, Target market, Budgeting, and payment method)

Note:

Your balance won’t be charged until your ad is approved and starts running.

It may take several hours for ads to be approved by Instagram.

Be sure to not insert too many hashtags, songs that can be copyrighted, and excessive graphic images).

Once it’s approved, your ad is ready to see the world!

YOU'RE GOOD TO GO!

10 Useful Tips To Start A Business As A Student In Malaysia

01 Facebook Ads Yes it is true that Facebook, Instagram, and WhatsApp are under one roof but don’t be mistaken by thinking that the technique will be the same across all platforms. Facebook is the most powerful tool to SELL your products!

As the audience are way broader than other platforms, Facebook has over 2.853 billion users worldwide compared to Instagram with only 1.386 billion users as of today (Oct 2021).

In addition, Facebook lets you choose the placement of your ad which is also visible on Instagram (cross-platform ad only on FB)

Sample of a Facebook ad

10 Useful Tips To Start A Business As A Student In Malaysia

HOW IT WORKS? 1

Download the ‘Ads Manager' app on your mobile phone for easy and user-friendly access.

2

Select a post (picture, video) to boost.

3

Create a CTA (call to action) button for customers to communicate with you.

"Visit our website now"

"Whatsapp us to purchase"

"Link in bio"

10 Useful Tips To Start A Business As A Student In Malaysia

4

5

6

Define the target market for your specific ad, make sure to fill in the interests, age, location (areas that you want your ad to be displayed)

Set a budget according to how many days you want the ad to be running. Startups should follow the recommended minimum amount by Facebook to see the effectiveness of the ad.

Lastly review your ad, make sure everything is in order (CTA, Target market, Budgeting, and payment method)

Note: The latest update for Facebook ads is they provide a ‘Smart Audience’ option according to your page/content targeting a niche market that shares the same interest with your brand/product.

Advertising on Facebook will also increase the chance of mirror ads for your content to be displayed on other platforms as well.

Facebook ads are also generally cheaper compared to IG and Google ads because of the larger user count.

10 Useful Tips To Start A Business As A Student In Malaysia

03

Google Ads

This channel is more suitable for established brands with their website. There are a few more options which include (SEO, SEM) to advertise on google but Google Ads gives you quick results with a higher budget.

When we say it’s suitable for established brands, it means by advertising thru Google ads your website will be shown on the first page of the similar keyword search. Which makes it easy for your ad to be clicked on based on human behavior who will always pick the first one on the search list when it pops up.

Sample of a Google ad

10 Useful Tips To Start A Business As A Student In Malaysia

HOW IT WORKS? 1

2

Download the ‘Google Ads' app on your mobile phone for easy and user-friendly access.

Create a campaign (How you want to drive your customers to the advert)

Note: 3

Create a CTA (call to action) button for customers to communicate with you.

"Visit our website now"

"Whatsapp us to purchase"

"Link in bio"

The algorithm shows that Google ads work swiftly for brands with their websites to get more sales/visitors on their site. It is also proven that consumers rely on Google search when they are looking for something they want.

10 Useful Tips To Start A Business As A Student In Malaysia

4

5

Define the target market for your specific ad, make sure to fill in the interests, age, location (areas that you want your ad to be displayed)

6

Select 10 free keywords given by Google ads, make sure it’s relevant to your website.

Create 3 short headlines for users to search and find you.

7

8 Sample of headlines for a jewellery store

Set a preferred budget for a month. Startups should follow the recommended minimum amount by Google for their ads to be displayed more frequently.

Lastly review your ad, make sure everything is in order (CTA, Target market, Headlines, Budgeting, and payment method)

10 Useful Tips To Start A Business As A Student In Malaysia

03 Twitter

Twitter ads are perfect especially when your targeted ads are ranges from young adults to milennials.

You can target people based on the hashtags or accounts they follow, allowing you to target those who are most interested in your content.

Sample of a Twitter ad

10 Useful Tips To Start A Business As A Student In Malaysia

07 TIP :

Customer Service & Its Importance Customer service is very important in any business ventures. It allows you to ensure customer satisfaction and experience, and often gains a business return customers. This allows you to build your customer base and brand recognition. When you offer an excellent customer service, it conveys a message from you to your customers that you value them, it is an important part of a business venture.

10 Useful Tips To Start A Business As A Student In Malaysia

01

Willing To Pay According to survey, customers are willing to pay more for a good service, in contrast, they are also willing to forego a purchase if they are dissatisfied with the service.

03

02

Word of Mouth

Word of Mouth

Customers are eager to speak or share their buying experience with a product or service offered whether they are good or bad. With the help of social media, reviews of your service can be spread fast enough to make or break your reputation.

According to survey, customers are willing to pay more for a good service, in contrast, they are also willing to forego a purchase if they are dissatisfied with the service.

Importance...

10 Useful Tips To Start A Business As A Student In Malaysia

Best Practices for Customer Service (e-commerce version)

Get organized One of the essential aspects of a successful customer service department is organization. You might have an efficient process and a highly motivated team, but without organization, things will likely fall apart. Keeping track of customer conversations and equipping your team with tools that help them collaborate keeps everyone on the same page.

Meet customers on their terms Customers expect a personalized approach that makes them feel special. Businesses today have to interact with their consumers to get to know them better and form meaningful, ongoing relationships. While there are customers who still want to call to talk to a customer service representative, others are interested in live chat or email, while some simply want to send you a tweet.

source : https://www.helpscout.com/blog/ecommerce-customer-service/

Using personalization According to Rachel Thaw, customer experience and logistics manager at Andie Swim, knows that ecommerce customer service is more than just tracking packages and processing refunds.

To provide the best experience, agents need to offer guidance to help customers make the right purchases for them.

10 Useful Tips To Start A Business As A Student In Malaysia

Best Practices for Customer Service (e-commerce version)

Harness the power of customer reviews

Improve your time of response

Measure, optimize, & repeat

Today’s customers are more empowered than ever to make informed decisions. They want to be heard, and they want to hear other customers’ opinions about products and services. Besides the fact that reviews are among major purchase decision factors, they’re also a great source of ideas for customer experience improvement.

Ecommerce is all about speed and convenience. Customers who choose to shop online are expecting a fast reaction and prompt answers. When you’re able to serve customers with a consistent level of quality in a short period of time across different channels, you’re on the path to providing a fully functional, multichannel customer service strategy.

Ecommerce is all about speed and convenience. Customers who choose to shop online are expecting a fast reaction and prompt answers. When you’re able to serve customers with a consistent level of quality in a short period of time across different channels, you’re on the path to providing a fully functional, multichannel customer service strategy.

source : https://www.helpscout.com/blog/ecommerce-customer-service/

10 Useful Tips To Start A Business As A Student In Malaysia

08 TIP :

Growing Your Business Generating new business by growing your customer base is important to your business success. However, it can sometimes be very challenging.

10 Useful Tips To Start A Business As A Student In Malaysia

Networking Look For New Opportunities -

01

Have strategies in place to nurture existing customers, such as staying in contact with them via an enewsletter or letting them know about promotional events ahead of time.

Social Media -

02

Through social listening you can find out what customers are saying about you, gain insight into their behaviour, identify keywords and trends that appeal to your target market and so improve your customer service.

Social media can help you to build your business profile and attract new customers.

10 Useful Tips To Start A Business As A Student In Malaysia

Collaborations 01

Who To Collaborate With -

To get the most from your collaboration opportunities, you need to choose the right partner.

Look for companies you respect and who are effective with their own marketing efforts.

Choose a partner with similar values and goals to you. And of course, look for companies that complement your own.

02

How To Find Them -

Reach out to your local network and the businesses in your area to find potential partners to collaborate with.

Networking events can be a great opportunity to meet like-minded business owners in person.

Even if it comes to nothing at first, it will help you to make connections with people you could collaborate with in the future.

10 Useful Tips To Start A Business As A Student In Malaysia

09 TIP :

Small Business Ideas The first step to becoming a successful entrepreneur is finding a business idea that works for you. In this topic you’ll walk away with dozens of small business ideas you can start from home and scale up as your customers grows.

10 Useful Tips To Start A Business As A Student In Malaysia

8 Small Business Ideas : Pandemic Edition Crafts and Gifts -

01

02

03

Use your creativity to start a business as personalized gifts are making a comeback as a way to offer support to friends and family during times of uncertainty due to the pandemic.

Freelance Work Sell your skills! there are plenty of opportunities available in writing, editing, web design, and more.

Youtube With the scope for entertainment limited, everybody is turning towards online content to keep themselves occupied.

Online Reseller -

05

Fitness and Wellness Programs -

06

07

04

If you have a background in health, exercise, and wellness, start creating content to help people better themselves and get out of a funk during the pandemic.

Social Media Services If you have that expertise, now is a great time to launch a social media management company.

Home Beauty Kits -

Online Tutoring The pandemic has significant consequences on the quality of education. Make use of your teaching skills as more parents are looking for tutors for their children.

Those passionate about clothing and/or sales may want to consider starting an online reseller business. This is a great idea that you can start as a side hustle and turn into a full-time resale business.

08

When hair and nail salons were shut down, people adapted by creating their own beauty routines in quarantine to capitalize on consumers who prefer to pamper themselves at home over a salon.

10 Useful Tips To Start A Business As A Student In Malaysia

10 TIP :

Looking After Your Mental Health Juggling work and study can become quite tricky, as you must divide your time between an academic and working schedule. But don't worry here are some advice for you!

10 Useful Tips To Start A Business As A Student In Malaysia

Balancing Work and Studies There’s no two ways around it—splitting your attention between the demands of a fulltime job and a college education isn’t ideal. But that doesn’t mean it can’t be done.

Become a master 01 of your time -

Designate a study 02 workspace -

Making the effort to keep track of your assignments will not only remind you to complete them on time, but also give you a sense of accomplishment.

One way you can ensure you remain productive throughout your schooling is to create a space in your home that can help foster optimum learning.

Remember, you're a student! Make the most of your university experience, and set aside time to kick back and have fun with your friends.

Inspiring photos or encouraging quotes can assist in creating a mindful environment that is tailored to your personal goals and motivator.

03 Know your limit -

Be realistic about the time you need to spend studying and work.

When it comes to work or study, people tend to bite off more than they can chew. Having a business together with classes can have its challenges and expectations.

Keep in mind that you can only do what you are able to do.

10 Useful Tips To Start A Business As A Student In Malaysia

Take Care of Yourself Something as simple as getting a good night’s sleep can make all the difference amidst your flurry of day-to-day responsibilities.

Zona-Mendola once said, “I went many nights without sleeping and lived on energy drinks. I would also forget to eat,” she recalls. “Don’t be like me. I wore myself down and got sick often.”

Celebrate your small wins Each time you set a small goal for your business, take the time to pause and celebrate when you actually achieve one.

You may want to consider some light bragging to mark the achievement, to help reflect on how far you’ve come from the start of a project.

Celebrating small wins is an important way to track incremental achievements and work toward much larger goals.

"

Self care is how you take your power back.

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10 Useful Tips To Start A Business As A Student In Malaysia

u l sion : c n o C Owning a small business has its advantages and disadvantages. Each entrepreneur must weigh the pros and the cons carefully and decide whether or not the risk is worth the reward.

Remember : the key to competing well against the large, established players in your market is to do the things that they can’t do.

There is no feeling quite like making something from start to end, and seeing it succeed. The enormous pride you can take in a job well done is hard to beat

Lastly !

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