Why Business Fail?

According to SSM 2021 stats, 320,246 new business was created from a total of 1.47 million.

580,000 is expected to fail due to (Covid)

Read more at Malaysian Reserve

Why do business fail in Malaysia?

Here are the top reasons I've seen with my own eyes.

1. Follow Bad Advice. Business is never easy.
2. No Strategy. Only plans (Read more Plan vs Strategy)
3. Syiok Sendiri. Self-appraised business. You can also look up "cute little cafe syndrome"

I could go on, but these are the biggest mistakes that can be easily attributed.

Where do we go from here?

The simplest advise – Follow the money.

Where the money is, that's where the market is.

The goal is to get people's Money to transfer to your account.