{"id":46730,"date":"2021-03-01T07:43:41","date_gmt":"2021-02-28T23:43:41","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=46730"},"modified":"2025-04-11T12:54:46","modified_gmt":"2025-04-11T04:54:46","slug":"start-up-dreams-come-true-affin","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/start-up-dreams-come-true-affin","title":{"rendered":"How To Make Your Start-up Dreams Come True"},"content":{"rendered":"

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Start-ups make up a big chunk of small and medium enterprises (SMEs) and play a major role in our economy. Together, they contribute 38% of Malaysia\u2019s GDP<\/a> and account for 60% of total employment in the country.<\/p>\n

If you are already running a small side business or thinking of making that leap to setting up your own start-up business, where should you start?<\/p>\n

Making the decision to begin the start-up journey is an important step but what comes next is the challenging part – making it happen and more importantly, having enough money to actually run a business.<\/p>\n

Here are three steps to make your start-up dreams come true.<\/p>\n

<\/span>1. Have a business plan<\/span><\/h2>\n

It goes without saying that you should have a plan to make money, but it\u2019s easier said than done. Home businesses may be able to get away with word-of-mouth advertising and basic social media promotion, but your own homegrown product may need more effort to get noticed.<\/p>\n

For example, Twitter – one of the most popular social media platforms in the world – struggled for years to become profitable and only managed to stop losing money in 2018<\/a>. However, it slipped into the red again in 2020<\/a>.<\/p>\n

The start-up route is filled with ups and downs so it\u2019s important to have a solid business plan before you begin.<\/p>\n

Forbes<\/a> recommends these points for creating your business plan:<\/p>\n