Malaysia’s Financial Blogger | Financial Freedom Ideas | imDavidLee.Com

Latest Scam In Malaysia: Island Red Café

Recently I have received a lot of complaint about Island Red Café investment as they claimed that they stopped receiving the vouchers and cash payouts earlier this year. After careful investigation by police, it’s officially announced that this business is a scam.

Here, I would like to remind all of you, before making any type of investment, you need to do your own research and don’t fully trust their business plan as they may fool you around. For example, in this situation, you need to see the Island Red Café environment first, and taste their foods & service. Check back my previous articles about Why I Don’t Dare To Invest?

Island Red Café Is A Scam Business

Island Red Cafe collects members RM6, 000 each and promised will give 5% return every month and even give you a name in the black & white agreement as a shareholder but what’s the point if they run away? In fact, you cannot do anything; you just can go to their shop and take all their business equipment such as the furniture (table, chair, fan…) after they declared themselves bankrupt.

Island Red Café Business Plan - Ponzi Scheme

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Malaysia Most Successful Gaming Industry - Genting Casino

Many people also know that Genting Casino in Malaysia was a well known casino operations, which generally attracted a lot of people, come from different countries of the world. Hence, Genting is the one of the tourism that become high profit generator in Malaysia.

The Singapore Casino, which is run by Genting International. I have been thinking whether the effect of the financial crisis will affect the Genting Casino gaming industry?

Based on my personal analysis, the shares price on Bursa Malaysia have been on the downtrend since the March 8, 2009 general election. In addition, the knock-on effect of the sudden hike in petrol prices and weakening consumer buying power has much affect the Malaysia economic. However, one stock that continues to be favored is, one of the best-managed stocks in Malaysia, Genting Bhd.

Genting Share Price Drop After Lost Its Founder

Genting share drop from RM9.90 to the share price at around RM5.60 since April 2007. It was lower than the share price of RM6 after March general election. I guess should be caused by the lost of its founder, Tan Sri Lim Goh Tong, at that time.
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Basic Guidelines For Applying MSC Malaysia Pre-Seed Fund

If you are planning to start own business with new and creative idea then MSC Technopreneur Pre-Seed Fund may be a great chance for you. It is a good opportunity for you to become your own boss.

This fund is really helpful for those who have a good business idea in ICT field but do not have the capital and meanwhile do not want to apply loan from bank because they are not 100% confident in operating business. Through this program, you can get a fund up to RM150k and don’t need to pay back upon certain conditions!!! Existing companies are not eligible to apply.

I will share with you what I’ve heard from other people who attend the seminar held by the MSC Pre-Seed fund committee. They have learnt about how’s program work and also attended a talk given by success applicants of the fund.

What I Know About MSC Pre-Seed Fund?

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Island Red Café Investment Plan

Have you heard Island Red Cafe, like Old Town style restaurant? It is multi level marketing which recruiting more members to join then can get commission. You need to invest RM6000 then can enjoy 5% fixed guarantee return each month without recruiting any members. For me, it sounds like a pyramid scheme.

Why I Don’t Dare To Invest?

I took dinner with one of my friend at there last time, food is not very good, services also very bad, and there have a lot of market competition already, plus they do not have something special about their franchise. So, common sense, if food not tasty, for sure business will be affected, so will they still able to pay 5% as fixed guarantee return?

Good Payout Is Not Equal To Company Making Huge Profit

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Do You Think About Franchising Own Business ?

Franchise business can give individual the opportunity to start a business with an excellent chance of success at a minimum risk.

Lets take an example, McDonald, is a fast food restaurant and it becomes popular since many years ago. How does McDonald making money? By franchising, am I right?

Let’s take a very basic calculation:
One restaurant is selling 100 burgers per day and let’s assume the profit is MYR 1 per burger.
So, the retail profit is MYR 100 per day.
And assuming they have 100 branches, MYR 100 * 100 branches = MYR 10,000 per day.

Can you see the picture? It is a great idea that you are considering using franchising as a method of expanding your business.

As far as I known, Old Town and Secret Recipe are example of local franchisors so their fees are not as huge as McDonald and KFC. The cost of a franchise depends on the franchisor and the restaurant size, type and its location.

How Much Does A McDonald’s Franchise Cost ?

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Dim Sum Business

This business is labour intensive. But in Penang, it is normally run as self service way.

Many Dim Sum restaurant that hires foreign worker like Indonesian and Vietnamese and the services provided mostly are not good and many customers frustrated for not getting what they have ordered with immediate response.

If the food quality is good, I don’t think customer will have such fussy feeling and may be this will force them to even queue for seats during the peak time.

Sometimes factors like location and availability do affect people choice of restaurant.

I think the target age is from teenager to retiree. So it’s a very huge market.

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Vending Machine Business

I am wondering whether this kind of business can provide good side income or not.

Well, personally think that there is a bit of risk since you have to prepare a large capital first. Then, you have to look for a location to place the machine and rent the place from the owner and it can only give a good return if put on the right locations. You have to consider the maintenance cost as well.

The only winner I see from this business is the company that provides the machine.
Some of them are doing losing business as not enough revenue to cover the maintenance cost.

Although u can get the machine from china with low cost, can get it less than 10k.
Yet how much u can make?
1 litre only 20cents/10cents and with so many machines around lately…I dun think the owner will come out with the capital, pay the maintenance, utilities and the rental and pls do not forget the risk of vandalism, money get stolen and machines breakdown frequently.

Lets say 1 machine 10k. 1 litre 10cents is the most cheapest in the market…. sharing profit left 7cents, deduct maintain cost 4cents…profit only 3cents…

è 10k/3cents = 333 kilolitre…U need 3 year to get back your capital… Because 1 year u need to sell out 111 kilolitre, 1 month 9 kilolitre, 1 day 308 litre…

Above is my personal opinion for your reference purpose only. If u feel that this vending business can do, then go ahead !!!
The freedom to do what u want exactly when u want to. This is a great chance for you to say “No more 9-to-5 job. No more 40, 50, or 60 hour work weeks.” Haha…