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 Business

Setup business plan, entrepreneurs told

19th June, 2019

By VESTA VANESSA JSOL

KOTA KINABALU: Written business plan is critical to extend the business’ lifespan and ensure sustainable growth, said Deputy Chief Minister Datuk Seri Wilfred Madius Tangau.

“Entrepreneurs can’t be doing their business forever without any research and upgrading plan of the products. How they upscale in terms of the technology that contribute to the level of productivity, enhance their efficiency and marketing plan?” Wilfred told reporters after he chaired a press conference about the upcoming expo’s participation by Sabah entrepreneurs.

He added that the government is also facilitating in terms of advice and financial through various agencies such as TERAJU and SME Corps.

“You must have the capacity to access to all these government assistance because they are there. Our position is to facilitate and that’s the reason why you need to do a written business plan.

“If you can’t even do a basic business plan then how we can help?

“We cannot force you do it but it is your plan, and tools we can use to link your business to any assistance that provided.” Previously, he has encouraged Sabah entrepreneurs who took part in the exhibition in Indonesia. “They were very happy and agreed to do. Unfortunately, none of them did so.”

He also stressed that through expos, entrepreneurs will have access to a huge market. Thus, it is important for entrepreneurs to make sure they can fulfil the demand. “For instance, a new production, needed a raw material supply. How do you address the need consistency and quality without a plan?”

By the end of June, there are three main expos happening and will be participated by local entrepreneurs.

The 10th Weihai International Food Expo & China Commodity Expo will be held on June 21-24 at Weihai International Exhibition Centre, Shandong Province, China.

A total of seven Sabah companies, which are mainly running SMEs in health, food and beverage and women accessories, will attend the event.

The companies involved are Equs Sdn Bhd; Extreme Health Care Sdn Bhd; Juta Tiram Sabah; Kekal Teguh Gemilang Sdn Bhd; Celestina Enterprise; JD Enterprise; and Hypro Global Sdn Bhd.

Sabah participants to Weihai Expo will be focused on potential international market and expect to rake in between RM5 million to RM10 million worth of transaction.

After Weihai, another 16 local entrepreneurs will exhibit their product at the 23rd Consumer Fair International Convention Centre, Berakas, Brunei Darussalam.

Happening on June 26 to 30, Sabah will be represented by LZ Industry Sdn Bhd; AFCL Bioscience Sdn Bhd; Orchient Sdn Bhd; Dir Rich Global Sdn Bhd; Kimanis Food Industry Sdn Bhd; 4U Beauty Entreprise; Lye Abadi Memory Enterprise; Farm Bay Enterprise; Zabardas Enterprise; Daty Enterprise; Hjh Yanong Frozen Food Enterprise; Jd Enterprise; D’One Habib Trading; Puhus Pepper Plantation; Sweet Honey Cake; and Krunchy Kottage.

These 16 entrepreneurs are hoping to collect RM3.2 million.

Meanwile on June 27 to 30, 21 Sabah based businesses will be showcasing at the SME & Timber Expo 2019, Kuching.

Coming from across Sabah, the entrepreneurs involved are De’sr Resipi; Iz’yanie Enterprise; Prescilla Enterprise; Lynn Deliciouz; Dessy’s Recipe; S.P.M Enterprise; Airen Sama Enterprise; Ready to Bake; Nur Dhaniyah Ente; Ao Enterprise; BNJ Homemade; Onong Enterprise; and Rina Resources.

Others are Dana Sari; Usahasama Enterprise; Sri Ayang Enterprise; Sabah Nature Industries; D’Achiel Borneo; Celestina Enterprise; Heera Enterprise; and Cahaya Nur Adhwa.

It is expected to earn RM1 millions in business transaction.

“I challenge these participating entrepreneurs to complete their business plan and submit to me within two weeks after their exhibition.”

Present at the event were Trade and Industry Assistant Ministers, Ben Chong and Datuk Azhar Matussin.

   
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