TANAH MERAH: The National Entrepreneur Group Economic Fund (Tekun) has managed to collect loan repayment amounting to RM200 million from 419,483 borrowers, who took business loans with the agency, during the first five months of this year. Its chairman Datuk Seri Mohamad Suparadi Md Noor said this showed that borrowers have began to realise their responsibility to repay the loans for the sake of other small and medium entrepreneurs. “Although the amount is only half of the accumulated debt of more than RM600 million from all borrowers, our management is taking time, measure and space to enable borrowers to repay their debts. “We are giving a second chance to those who cannot repay their loans to come and talk to us,“ he said. He was speaking to reporters at the Entrepreneurs Appreciation Carnival and Aidilfitri Celebration 2019 at Dataran Kopakat which was also attended by Tekun chief executive officer Datuk Adam Abd Ghani. — Bernama … [Read more...] about Tekun collects RM200m in loan repayment from borrowers
Woman owned business loans grants
By Caitlin Kenny The Kit Tues., May 14, 2019 Ever find yourself dreaming of a side hustle? Or maybe you’re already grinding it out for your fledgling company. Starting your own business promises a fun, exciting career — but getting there isn’t easy, a truth known well by Canada’s top female founders. Here, the minds behind Mejuri, Nudestix, Moroccanoil, Therma Kota and Michi share their best advice on how to be an entrepreneur in the fashion and beauty industry. Mejuri co-founder Noura Sakkijha The backstory: It was natural for Jordan-born Noura Sakkijha to get into the fine jewelry game, with her parents and grandparents already in the biz. But that’s where she split with the traditional: She set her sights on shaking up the industry. “Usually, jewelry brands talk to men buying for women; collections are barely refreshed throughout the year; and there is this huge assumption that jewelry is a purchase that requires an … [Read more...] about Want to start your own biz? These founders have advice
By Jennifer Smith WSJ Kimberly Chin WSJ Mon., May 13, 2019 Amazon.com Inc. will pay its employees to quit and will help them start their own local package-delivery businesses, as the e-commerce giant competes for delivery drivers in the tightest U.S. labor market in 50 years. Transportation operators, from long-haul truckers to retail chains like Walmart Inc. to startups such as Deliv, are increasingly competing for people to help them carry the millions of packages that are moving each day around the country. Demand for so-called last-mile delivery is booming as more Americans shop online. Amazon has been expanding its own logistics and delivery operations, although it still relies heavily on the U.S. Postal Service and others to carry most of its orders to people’s homes. In an effort to handle more of those packages itself, the company announced a program last June that invited entrepreneurs to form local delivery operations with dozens of drivers in … [Read more...] about Amazon to help employees start their own delivery business
Ms Nadia Chan is the co-founder of Maiko, the Singapore distributor of Australian skincare brand Canvas, and the general manager of local public relations agency, PR Communications. She is also the proud mother of five-year-old Callum. On balancing motherhood, career and her side business, the 30-year-old told The New Paper: "It all comes down to proper planning and ensuring that I have time for everything. Callum is top priority so pursuing a full-time PR career and running a business usually have to work around the time he is in school or in bed." PLANNING To mothers who wish to start their own businesses, Ms Chan's advice is to let go of the "mum guilt" and their expectations of motherhood, believing that the key to achieving a healthy work-life balance is to be organised, to practise proper planning and to strive for excellence instead of perfection. She advises mothers to draw firm boundaries between work and home, while also encouraging them to get their children involved in the … [Read more...] about Starting your own business? Let go of ‘mum guilt’
The beautiful, sun-kissed islands of our tourism paradise of the Philippines have the mixed blessings of abundant natural resources, fertile volcanic soil and also lots of natural disasters once in a while, such as earthquakes, volcanoes erupting, typhoons, and others. How can businesses — most especially the numerous micro, small and medium-scale enterprises (SMEs) — be prepared for any natural or manmade disasters? How can small enterprises and professionals survive calamities and accidents? The following is not based just on textbook research or interviews, but I personally suffered a destructive accidental fire in one of my businesses and it was caused by the fire from a next-door neighbor’s business (which had mysteriously been allowed to operate by the fire department without any fire extinguishers, while my staff had to use up to 13 units of 10-kilo and 20-kilo fire extinguishers). Here are suggestions for all of us: Review and be sure to update your … [Read more...] about How can small businesses & professionals prepare for disasters?