So you have an awesome business idea. And you want to pursue it, hoping that it will generate you a nice bit of income.
It could be for a full-blown business, or a flexible side income after work/school hours. But you quickly hit a problem: you need money.
Here are all the ways to raise money for business in Malaysia. If anything is wrong or missing, please let me know by commenting. Also, this article applies to us common folks, not to people who are born into money. Not all options might apply to everyone.
When I tell people that I’m moving to Ipoh, inevitably this dreaded question comes up:
“So what are you going to do in Ipoh?”
I’m going to be honest af right now- every time I hear that question, my heart beats faster, my mouth gets drier, and I smile (the type that doesn’t reach the eyes) while I say, “I don’t know yet, I’m still looking”.
Then usually they will give me like a “nevermind you’ll find something” and I’ll reply “yeah…” and just trail off awkwardly.
I don’t know why I’m not out and proud declaring that I’m going to be a full time entrepreneur. For goodness sake, I have a running online business called Kotak Koffee. I’m going to expand the business and make it reach new heights. Now I have more than enough time to dedicate to marketing it, and getting more products in. I could employ someone to help me with the work. Kotak Koffee has so much potential, and Ipoh is damn near perfect to continue Kotak Koffee’s expansion.
So why am I not … confident… about being an entrepreneur?
Never mind, I know the answer. It’s plain ol’ fear.
I’m scared shitless right now. I’ve always been a stable, predictable income kinda girl. I like surety. I love certainty.
My last date of formal employment was 30 September 2015. Today, it’s been 2 weeks of freelancing. My estimated freelancing income for October 2015 currently stands at RM3360 (nett). I’m aiming for RM4k.
I’m not finding enough resources out there for people who made the decision to quit their jobs to freelance slash run a business. At least, not enough resources on how it actually feels like. So I decided to document my own transition. On a personal level, this is making me aware of some aspects of my personality that I have not realised before. In a sense, I am answering ‘If you could do anything with your life, what would it be?’ by actually living it.
Here are my 10 thoughts on being a full-time freelancer, 2 weeks in:
1. I worry more. A lot more. It’s not as bad, but I still have panic attacks over this major life decision of moving away from Kuala Lumpur. Before all this, I tend to worry more about the long-term – how to make sure I’m financially okay when I retire. Now I worry about more immediate things – my next paycheck, overspending on lunch, missing opportunities, things like that.