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How are you ? Brothers and sisters. Even Abangabu is really busy thanks to the two students who manage to do this weekly segment for abangabu.com.

So this week we have something to do with arts. So , come lets learn something form this entrepreneur.

Here the interview

Name of Shop: Malay Arts Gallery

What kind of business do you have? What inspire you to become an entrepreneur?

We are selling Malay traditional handcraft and musical instrument. I would love to keep the heritage and not let it be forgotten.

Did you need to have a certain mindset to achieve success?

Yes of course we need to have a focus mindset. To be successful in something,we also need to have a lot of patience.

Have you notice a certain advantages to being an entrepreneur?
It is more on the time working hours where it is more flexible.

Is it difficult to get financing for businesses? If so, why and are there any solutions?
Of course but if we know how to maintain and look after our finances properly,it’ll be no problem.

Did you have a mentor to help you get started?
Yes,he is my husband. My family helped out in this business too.

Approximately how much money did you invest before your business became profitable?
It is a lot because our items are mostly antiques and handcrafts so it do take a lot of money to purchase them.

What resources were most helpful to you when you were starting your business?
I get all my items throughout Indonesia,including Riau,Sumatra,Surabaya,Jawa,Bandung and etc.We travel there ourselves to ensure good quality.

What ways have you found to be most effective in marketing your product or service to get sales?
We do not charge for our delivery service as we think that our items are reasonable to counter for the delivery charge. We have websites and blogs so that it is easier for people to know where we are.

What tips can you give others who want to embrace their dream but, don’t have the confidence or feel they don’t have what it takes to succeed?
We have to be brave and always focus in what we do. Do not always give up easily.

How do you manage juggling the responsibilities of being an entrepreneur?
It looks easy but actually its not. We have to make sure that all the things are available,taking orders must be efficient. And if things don’t have,we have to quickly find it. We also do delivery and it must be done well so that the things are not spoilt when reach the customer.

What’s next for you?
For now,not yet because it will be very hard if we think on the long run. If we were to have not just one outlet,we need top buy more stuffs and therefore we have to travel a lot. This takes up a lot of money and time.

Thats great!!!!!! so so much to learn yah….. Anyone have any suggestion do comment in the comment box. Enjoy the entrepreneurial journey ….

]]> http://abangabu.com/this-week-entrepreneur/this-week-entrepreneursmalay-arts-galery/feed/ 2 http://abangabu.com/biztips/biz-tips-p-o-w-e-r/ http://abangabu.com/biztips/biz-tips-p-o-w-e-r/#comments Tue, 23 Dec 2008 07:40:09 +0000 admin http://abangabu.com/?p=455 AbangAbu feel during this time of economy, to thrive in business , one need to have some POWER . This is the time that successful entrepreneurs fine the power to move and get bigger and stronger. The same can happen to all who are ready to apply the POWER principle in their life and business.

AbangAbu been very busy during this recession time. Moving around doing programs that teaches people on the important of money management and good financial habits. And AbangAbu also helping few aspiring entrepreneurs to get started during this recession. And i believe there is always opportunity that we can capitalize during this recession time.

And in the deadly tuesday tips AbangAbu would love to intoduce POWER in your life so that all can thrive during this challenging time around the world.

So here you are again P -O – W – E – R

P= Passion

Behind every forms of excellence; whether its in sports, relationship, business or any other things , PASSION is everything. All those who excell in whatever they are doing is people who have passion in what they are doing. As an entrepreneur what will make us pass thru difficult time is the passion that we have for the things that we are doing. Look for things that you will do with passion, remember when you lack passion in business that you are in now , there are great chances that business will not survive the current recession.

O= Opportunity

Every reccession brings with them opportunity as well. Always look for new opportunity for you to get involve in. Source for a product that will be in demand at current time and sell it. Look for new target market for your product. There will me abundance of opportunity for those who look out for it. Never ever stay still in recession days but look out for new opportunities. Many business succeed during financial crisis, so look out for opportunities.

W= Willingness

Even with greatest opportunity , to do something or to make an impact on your life or business and the lives of others you must take action. Willingness to carry out the plan, willingness to go extra mile to make things happen. Willingness to be brave and stiking to your plan. Willingness to try out something new . Willingness to take calculated risk. All successfull entrepreneurs are made of this . And it is even more important to have willingness to take action during challengging times like what is happening now. So always have the willingness to do till you make it happen.

E= Energy

You will never get energy by just drinking some tonics, and thats is not the energy i am talking about. It is the inner energy that will make you be strong and unstopable in any situation. In order to get this energy you must be energetic, its just the way it works. So always tell your self powerful affirmations that will make you to have energy and that will make you move forward during recession. So get energy to stay afloat in business.

R= Results

And this is the best time for us , entrepreneurs to evaluate our results before embarking on a change. And with the year 2008 is apporaching its final days, we are moving into 2009 soon. And this is the great time for us to use the 3R method .

Take time to REFLECT all the things that happened to us, the bad and good. What we can learn and what we need to change to make our 2009 better.

REACT to all that happen, if it is good than keep doing it again and if it is not good than react by changing it.

RESTART. If you are not at the place that you wanted or getting the goals that you wanted , than never give up on that dreams and goals but restart by doing it again but maybe diffenrently .

With all this you will get the result that you wanted always.

AbangAbu want all entrepreneurs survive this financial tsunami and for those who are not in the game of business, never wait as there will be no better time to get into it than now.

All the best for all of you and use POWER in your life and business to excell.

PS:There will be MAP untuk KAYA free session on the 26th December FRIDAY 2008 at 7.30pm to 9.30pm at 25 peck seah street. Beside MRT Tg Pagar. Call 62200701 for registration.

7 steps to become a young entrepreneur book by 12 years old entrepreneur. get it now …..

AbangAbu been hearing this word GAWAT in malay meaning recession. And many of us will be effected some how during this recession. But do we just stay on and not doing anything.

“so what we should do ?”

Abang Abu feel beside we take all the necessary action on spending less and only for needs rather than want, now it is our responsibility to educate ourselves about money. How to make , invest and many more things. Attend workshops and programs related to money. This is the time you should really have to learn , invest in learning and you will save soo much.

“MAP untuk KAYA workshop is one such program conducted by AbangAbu”

The other thing that should be a responsibility for everyone is to teach our young ones about money . That is the age that we should teach them about important of managing money properly so that they will be ready to face any recession in future.

Getting hot

AbangAbu recently conducted such program for some students age 15 in one of the secondary school as one form of post exam activity.

We use a game board to teach them about finance. And i would love to see more of us take responsibility in teaching these people about money in anyway that we can.

If you have some kids or teens that you know and want them to learn about money. Look forward in coming November AbangAbu is planning to have a 4 days workshop for them. Detail will be out soon.

Mean time if you have some ideas or you have some thought about this please response to this article.

We are going on to become millionaires

Really happening

May more of our young will have one of the most important knowledge … lets work this together.