Starting a Business in Malaysia: A Guide for the New Year
New year resolutions are top-of-mind at the moment and for some of us, the goal is starting a business in Malaysia. It may be both intimidating and thrilling to launch a company. But with the right plan, you can approach your new business with more clarity at every step of the way and have a […]
Public Relations 101: How to Boost Your Small Business
Public relations is typically not the top priority for business owners that are just starting out, even though it should be. There are a variety of ways to publicise your small business. You have two options for marketing: traditional methods or digital ones. Additionally, conferences, networking events, and other business-related gatherings are excellent for promoting […]
Tips on Tackling Inflation for SMEs
Tackling inflation is one of the main challenges small businesses have been grappling with this year. Since the Covid-19 pandemic, many countries have been in an economic downturn. The geopolitical instability in certain parts of the world is also slowing down recovery. For Malaysia, the situation took a turn for worse in September – recording […]
Tips for Selling On a Wholesale Marketplace
Many businesses were forced to adapt to the growing impact of e-commerce since the Covid-19 pandemic. These days, digital solutions are not just ‘nice to have’ but a ‘must have’ for business continuity. Wholesalers can not only sell more online, but they can also sell smarter thanks to insights on customer behaviour and top sellers. […]
Using an Online Marketplace to Grow Your Wholesale Business
Online marketplaces’ dominance in retail is undeniable. The rise of e-commerce played a major role, but new data also indicates that customers today prefer to shop on their trusted marketplaces to find top brands. An online marketplace is an e-commerce platform that lists products from multiple sellers. The convenience of finding all the products you […]
Why Businesses Should Offer Credit Terms
The business landscape has grown increasingly competitive – sellers must offer credit terms to gain an advantage over suppliers that operate strictly on a cash basis. Eventhough many have raised concerns, extending credit can often be a win-win for both suppliers and retailers. Sellers that offer credit to customers allow for goods to be purchased […]
How Credit Terms Can Help Grow Your Business
Credit terms are an essential part of business trades. Along with funding, credit terms keep small businesses with limited capital going. Financing remains one of the biggest challenges SMEs in Malaysia face, which makes this matter more critical. But SMEs are not the only ones that benefit from credit terms. Large corporations also rely on […]
Challenges SMEs Face Getting Bank Loans
In the APAC region, SMEs are one of the biggest contributors to the economy. They account for 98% of enterprises and 50% of total employment. However, obtaining bank loans has always been a common setback SMEs face. Small businesses lack collateral and consistent cash flow to qualify for loans. And as they are new businesses, […]
How to Navigate Being Cafe Owners in Malaysia
Being cafe owners in Malaysia today is no easy feat. What started out as the humble kopitiam has evolved into a plethora of cafes dotting the streets of urban neighbourhoods and tucked-away corners in almost every city. While international coffee chains such as Starbucks and Coffee Bean have always been able to hold their own, […]
Debunking B2B E-Commerce Myths
Before we dive into the meat of the article, let us start with some notable facts about the state of B2B e-commerce: According to Forrester, B2B sales will reach USD$1.8 trillion in revenue by 2023. 44% of millennial buyers are the primary decision maker in their company and are twice as likely to discover products […]
