Sunday , 28 February 2021
Home / Business Info / Be cost-conscious in managing income & expenses

Be cost-conscious in managing income & expenses

Tuesday, 11 April 2017

PUTRAJAYA: Budding entrepreneurs must learn how to manage their budget and cash flow of their businesses, Datuk Seri Hamzah Zainudin says. The Domestic Trade, Cooperatives and Consumerism Minister said that a lot of times, new entrants in the business world have problems managing their income.

“These new entrepreneurs must learn how to manage their income and expenses, as well as their cash flow and credit. The money that you earn from your businesses is not for you to pocket. That is why it is important for these young business people to attend trainings to gain better insight and understanding on how to manage their businesses,” said Hamzah at the launch of the Coca-Cola KU (Komuniti Usahawan) entrepreneurship programme here.

The Coca-Cola KU programme is a collaboration between Coca-Cola Malaysia and the ministry, which will provide business training for micro business owners as well as university students. Hamzah said the aim was to produce 20,000 entrepreneurs by 2020.

“If we can achieve that before 2020, then it is good. If it has to go beyond 2020, then we’ll look into continuing the programme then. The main agenda is to give young entrepreneurs the proper foundation to start a business, and in the long run, they will become job creators and also boost the domestic economy,” he said.

The programme will be held in a “road tour” style at selected higher learning institutions across the country this year. Training modules will cover topics such as how to start a business, market it, keep daily records, manage income and expenses, cash flow and credit, and quality and service.

Also present at the launch were Coca-Cola Bottlers (M) Sdn Bhd chief executive officer Stephen Lusk and Deputy Domestic Trade, Cooperatives and Consumerism Minister Datuk Henry Sum Agong.

Source by: Internet

Check Also

Petrol prices may be further liberalised

Thursday, 6 July 2017 KUALA LUMPUR: Petrol price might be further liberalised in the future, …

Vast opportunities for foreign franchise firms in Malaysia

Friday, 2 June 2017 HO CHI MINH CITY: Malaysia offers vast opportunities for franchise companies …

Leave a Reply

WooCommerce Themes Free