One fine day I will build up my business!!!!!!!

Ok sharing session with the founder of O-SHIMA JAPANESE RESTAURANT....
A lot of effort and struggle need to be fight in order to build up and maintain a business. Do not just always take it easy to be a good and successful businessman. To be a successful businessman we need knowledge and always hunger to gain more knowledge in the business, always keep doing research about the market and the rivals because it will make us be prepared and find an opportunity. doing business actually is a form of ibadah, so we have a responsible towards the customer like in the foods industry we have to make sure the foods is halal and hygiene when serve the foods to the customer and also we need to pay zakat from the business in order to help the needy and poor. The most important thing I get from the sharing session is "Do Not Ask For Money (Ikhlas For ALLAH) Money will Come". This is the way for Muslim to run business....

Going international???? what should I do????

I am a businessman that really want to expand my business in the international market. which one should I choose to enter in the international market. First just export my product and sale it at the market and I can cut my cost of capital but at the same time I am loose channel control in managing my product line of business. Second choice is licensing and franchising strategy and  I can generate income from royalties and franchising fees, but I have to face the risk in how to adapting to local market taste and expectation. Third choice I can choose is using foreign subsidiary strategies that can create quick large-scale market entry and I am also have to bear the costs of acquisition and the complexity of acquisition process. Other than that, I am also need to consider the other things like the strength of the market that I want to enter, the opportunity among the rivals and their weakness and also i need to identify the location-based advantages of conducting certain chain activities of the firm in a particular country.So much things to do before I can bravely going to the international. I need to keep strong and always be prepared..hehehe.. GO GO GO fighting....

Offensive and Defensive

ok what should we do if something happened to the business??? like our business face failure or see something opportunity in the market...should we just keep quiet and doing nothing or wait and learn something first in recovering or look and see first what happen to the rival or tacking risk by trying to attack the market..In the business line we have to be more creative and try to create something different from the rivals if we enter in the red ocean market or be the first one dominant in the blue ocean market...The future of the business is in your hand so be careful and also be brave to challenge yourself to take risk and grab the opportunity to achieve the goals. Sometimes we just have to defend and sometimes we also need need to be an offense.... whatever comes around just stay calm and do not panic then you can think carefully for the next step...hehehe

MYDIN.. I am coming!!

Mydin (broad cost - leadership)

why we need to pay more if we can pay less for the same product. Perhaps if you are really want to budget in buying everything why not you just shopping to Mydin.Mydin is the price leader by offered lower price but still care about the quality of the products Mydin offered in foods, household, soft-lines and hard-lines such as stationery, toys and others. Based on my simple research I was made, I think Mydin could be the low cost provider  by striving to achieve lower overall costs than rivals on products that attract a broad spectrum of buyers buy cutting all the cost as long as Mydin can. One of the way is by motivating employees through incentives and company culture. When I went to Mydin I can see many the employees of Mydin is a foreigner (Bangla) hehe..Mydin also train and treat their employees to be loyal until they can work for a long time, sale their own brand in products rather than sale import products and  offered customer to buy in bulk. So that is why Mydin can be the leader in this business among it rivals like Tesco, Giant and others.. Ok lets go to mydin now...hehe

SWOT analysis

Perhaps if you may know your business Strengths, Weaknesses, Opportunities and Threats you can run your business comfortably and generate higher profit. As long as we can notice our business strength we can come out with an excellent strategy and proposal in how to manage the business. By wondering our business weaknesses we can try to take any move to improve the weaknesses and by knowing our rivals we can take any opportunities from the competition occur in the business line and also by faster identifying of the business threats we can save our business from any accident, crash or others. SWOT analysis truly help everyone or business or company to manage or run or take an action in any decision making.

ATTENTION!!!!

Be aware guys, if you want to create new business or enter into the new market, please not just only focus on the capital, employees, raw materials sources and other internal factors... You also need to care about the external environment like the PESTEL and 5 FORCES to be evaluated in order to make decision whether to joint or enter in the market. Always bear in your mind every country have different  Political environment, Economic condition, Social culture, use different approach in Technology, Environmental forces and practice different Law and regulation. this is the the bindings between PESTELand 5 FORCES.

AlHAMDULILLAH....

I take it as a rewarded for all the struggle I am made before..huhu. Thank you so much to all my friend who are still by my side to support and show me the way to make the "mini zoo" came true, and our iCEPS - 9 was the BEST event of the year. hehe