Becoming ONE with the world of entrepreneurship
In today’s world of entrepreneurship, the trend of businessmen and entrepreneurs going towards sole proprietorship and partnerships are on the rise with about 28,000 doing it online, said Companies Commission of Malaysia (SSM) chief executive officer Datuk Zahrah Abdul Wahab Fenner.
“It is the easiest way to kick-start a business as you do not need a lot of financing compared to when you own a company that requires you to have auditors, secretaries, directors, shareholders among others,” she said, adding that doing business online can save a lot in overhead and running costs as there is less need to pay for staff, space or rental.
“That is why today more people are going towards online businesses.”
With the availability of social media sites such as Facebook, Twitter and Instagram, entrepreneurs must learn how to market themselves and boost their sales with these accessible and ‘free’ methods, she said when met by The Borneo Post SEEDS at the Online Networking Entrepreneurs (ONE) Carnival 2015 held at Plaza Merdeka recently.
She also acknowledged that there were still many unregistered businesses in Malaysia, putting it down to many not knowing that it was compulsory for them to have their businesses registered.
“Entrepreneurs need to register themselves as business entities that will then allow them to have access to necessary benefits that can enhance their business development including information sharing, training and assistance provided by the government.”
While those in Peninsular Malaysia need to register with SSM, entrepreneurs in Sarawak are required to register their businesses with the Inland Revenue Board (LHDN) and local councils.
“That is why we organise this carnival as one of its main objectives is to encourage more entrepreneurs to register and make them aware of the importance of registering their business to enable the development of their business entities.”
She advised aspiring entrepreneurs to always keep updated with current market trends.
“See what the market is, don’t do the things that many people have done before and look at your business in the long term. If you see that the business can prosper long term, go ahead.
“You have to also make your study on your form of business and it is always good to be inspired by those who have succeed that can motivate you to become better in the future.”
For the more than 1,000 participants who took part in this carnival, they also received a certificate of participation as proof that they had become a member of ONE.
“By becoming a member of ONE, they will receive information on business or entrepreneurship that we will share with them to improve their businesses from time to time,” she added.
About SSM’s Online Networking Entrepreneurs (ONE) Carnival 2015
The three-day carnival that ran from Nov 13-15 was organised by SSM for online businesses and entrepreneurs to provide information, enable entrepreneurs to learn from others’ experiences and knowledge on how to be a successful entrepreneur, besides assisting them in promoting their products and services.
It was launched by Minister of Domestic Trade, Cooperatives and Consumerism (KPDNKK) Datuk Hamzah Zainudin on November 14 and attended by Entrepreneur Development assistant minister Datuk Mohd Naroden Majais.
It had successfully gathered a community of conventional businessmen and online entrepreneurs that provide varieties of business development assistance including training and financing for entrepreneurs by government and corporate entities, NGOs and loan institutions.
There were 20 exhibition booths set up by government agencies and 20 booths by businesses and entrepreneurs.
Interested entrepreneurs could also attend talks by representatives from government agencies and loans institutions. Participants were also treated to talks by millionaire and founder of D’Herbs Datuk Aliff Syukri Kamarzaman and Elfira Loy, an artist and online entrepreneur who both shared their business knowledge and experiences.
Participants were also given tips and tricks during the ‘Buzz Your Brand Voice through Social Media’ in a knowledge sharing session with founder and president of Wall Media Berhad Wall Dariz, who is also the Asian Social Media Strategist and Conversion Specialist.
The ONE Carnival was initiated at The Curve Shopping Mall at Mutiara Damansara from June 4-5, and started its tour at Pasir Gudang in Johor from Oct 2-3 this year before heading to Kuching.
After this, SSM is planning to continue its tour to Shah Alam, Kedah, and Kelantan.
“We will also be coming back to Sarawak for our second edition here, and probably the carnival will be held in Miri or Sibu by middle of next year,” she added.