2009 and beyond indeed will be bad and worst. It maybe somewhat better only if something changes. Definately something got to change!.
We Malaysian loves to be pampered with stories that we are able to shelter ourselves from the global economic crisis. The reality is that those sweet stories are ending. The domino effect has landed at Malaysian shore and will be spread faster than anticipated. In the long run it is a bigger challenge for us to recover and we will suffer more than the US. This is because we have less money to spare.
The fact is that it is long due. We Malaysian have been greedy as the US of lately. We have unfortunately have developed a culture of getting ridicules return in a very short time. That is why there is a lot of Malaysia has been conned by “get rich fast scheme”. Ironically, it is never ending stories Lesson has not been learned and lesson learned normally will be forgotten in short time. Conned again as Malaysia has developed a culture for the lust of gold. There is nothing wrong with the culture. It is just that way Malaysian nowadays desires to achieve it the fastest route, being too lazy to go through the process and start cutting conners.
Be it Malay or Chinese or Indian it is the same. Be it the rich or the poor it is the same. Malaysian spends time at Mamak or hotel lobby sharing stories of successful people locally and abroad. Admire them, wanting to be them, jealous about them. They try to emulate them without studying what makes them. They don’t want to spent time to seek the knowledge and the process that these successful person has gone through. The thing that they are concern of is the final product.
The fact is that it is long due. We Malaysian have been greedy as the US of lately. We have unfortunately have developed a culture of getting ridicules return in a very short time. That is why there is a lot of Malaysia has been conned by “get rich fast scheme”. Ironically, it is never ending stories Lesson has not been learned and lesson learned normally will be forgotten in short time. Conned again as Malaysia has developed a culture for the lust of gold. There is nothing wrong with the culture. It is just that way Malaysian nowadays desires to achieve it the fastest route, being too lazy to go through the process and start cutting conners.
Be it Malay or Chinese or Indian it is the same. Be it the rich or the poor it is the same. Malaysian spends time at Mamak or hotel lobby sharing stories of successful people locally and abroad. Admire them, wanting to be them, jealous about them. They try to emulate them without studying what makes them. They don’t want to spent time to seek the knowledge and the process that these successful person has gone through. The thing that they are concern of is the final product.
They get to know the process but at the venue of mamak and hotel lobby which unfortunately mostly misleading mouth to mouth stories. Malaysia are too lazy to read and learn.
Be it Malay or Chinese or Indian, all have failed in most investment. We have too great lust for gold!. We have been continuously making wrong decisions in fooled investments.
Be it Malay or Chinese or Indian, all have failed in most investment. We have too great lust for gold!. We have been continuously making wrong decisions in fooled investments.
Malaysian always follow bandwagon. It is not that we are not creative it is because we are too lazy to think. Franchise for example, we admires those pioneer who invested in cafes. We think that there were margins in it. The was actualy. So as expected, everybody jumps into cafes business. Mostly failed and will failed. For some are lucky for they have spare capital to sustained the business. For some lucky on they sustained this business for having done some homework. But then, some stupidly over expand.
All unfortunately, forget to include survey of the numbers of current competitors and customer demand in their business plan. That is if they even have a plan!. Most don’t bother for “it is the current trend”!. Of course money can be made and by all means please do try. It a good way to learn. But please spend time to think, plan and decide if the model is viable. Don’t just jump!. Else, you might lose your life time saving or even end up owing.
I am giving this example as the number cafes increases not in relation with the demand making harder to sustain the business. Furthermore I have to highlight it for amidst increasing cafes locally, we did not realise that Starbuck the model that very model that Malaysia try to emulate is closing unprofitable branches for their unattractive P&L and future outlooks.
All i am asking Malaysian is to take some time to think, consider and double check their proposition. Making better decision by seeking more knowledge, reads more, conduct more studies and have conducive discussions. Be more prudent be it in good or bad time. We have been spared for there were abundance of opportunity locally.
All i am asking Malaysian is to take some time to think, consider and double check their proposition. Making better decision by seeking more knowledge, reads more, conduct more studies and have conducive discussions. Be more prudent be it in good or bad time. We have been spared for there were abundance of opportunity locally.
But the fact is, everybody will be bitten for the cause “mother of correction – the global economic crisis” has arrived. The electronic manufacturing is getting bitten. Who is next? Construction? Banking? Subcontract and sub vendor? Cafes?
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