How to Register in Companies Commission of Malaysian (CCM)

- Business covers all forms of trade, carpentry, jobs, professions or other activities carried out for the meaning of profit, but it does not cover anything job or employment or any charity or whatever the work specified in the table under the provisions of the Act Business Registration 1956 (APP 1956).

Procedure of registration.

(1) Name registration.

Registration can be registered by your own name or name tred. This category does not need review for approval. The name of the tred is the name that proposed and necessary business with the approval of the Registrar of Companies, the Companies Commission Malaysia (CCM).
The name must use correct language and spelling adjustments. The mixed use of Bahasa Malaysia and English is allowed if its use is to describe the type business and must adhere to the correct language. Business names cannot be identical to existing business names including symbols, sentences and double words.

(2) Complete the Form A.

(3) The owner and partners must sign in the space owner information and in the owner's confirmation room single or partner.

(4) The owner or all partners need to attend for registration.

(5) Documents that need to be attached:

Letter of Authorization or Letter of Support for a business type (department or ministry).
Letter of approval or support from the relevant agency if required by the Registrar of Business.

Requirement.

Owner must be a Malaysian Citizen or Permanent Resident.
Owners must be 18 years of age or older.
Only the owner or partner is allowed to apply.

Registration fee.

A sole proprietorship business uses its own name as in identity card - RM30.00.
A sole proprietorship or partnership business using the name of the trade - RM60.00.
Branch registration - RM5.00 per branch.
Business Information Print - RM10.60 (GST Include)

How to Open Business Account Bank

- Opening a business bank account is very important for a business even if it is just a small business. The personal savings accounts are not recommended to businesses because personal savings accounts have limited transactions and will result in the user's personal account being closed if the bank detects that the user is using the wrong account to do business.

(1) Sign up for a business at Companies Commission of Malaysia (CCM).

(2) Create a business company stamp on a valid registered name.

(3) Complete the current account from at the bank you want to register.

The bank that wants to sign up for a business account should be a bank that can make it easier for customers to deposit money and the bank is widely used by people and branches at every place.

(4) Deposit.

Deposits for bank account opening are different from other banks. Deposit money is required as a bank procedure before passing an account and a check book to a business.

(5) Introducer

This introducer is an individual who has an account at the branch bank for more than a year.

How to Make a Business Model Canvas

- Business Model Canvas reflects systematically on a business model, businesses can focus on business model segments according to several identified segments. If you have an idea to start a business or want to set up an organization, this business model canvas will show you how to define and explain your business model on one page. This business model illustrates how organizations create, deliver and capture value.

Example Business Model Canvas

(1) Key partners.

Is the relationship you have with other businesses, government entities, or non-users that help your business model work.
Include of who are your key partners or suppliers and what are the motivations for the partnerships?

(2) Key activities.

The main activity is the most important activity in implementing the value of the business idea.
Include activity in the distribution channel, customer relationship, revenue stream.

(3) Value proposition.

Proposition Value represents the bond of products and services that create value for a particular customer. When a product or service is effective for the consumer, it will be embedded in the consumer's mind about our business.
Include of what core value do you deliver to the customer? Which customer needs are you satisfying?

(4) Customer relationship.

Customer relationship describes the type of company relationship with a particular customer segment.
Include of what relationship that the target customer expects you to establish? How can you integrate that into your business in terms of cost and format?

(5) Customer segments.

The Customer Segment defines a group or organization aimed at identifying consumers of business goods or services.

Include of which classes are you creating values for? Who is your most important customer?

(6) Key resource.

The key resources describes the most important assets needed to run a business model. This is a resource that enables businesses to generate value proposition on their business ideas and maintain good relationships with customers.
Include of what key resources does your value proposition require? What resources are important the most in distribution channels, customer relationships, revenue stream.

(7) Distribution channel.

The distribution channel is the communication that needs to be made with the customer. It helps to see how a business idea can work or not.
Include of through which channels that your customers want to be reached? Which channels work best? How much do they cost? How can they be integrated into your and your customer's routines?

(8) Cost structure.

Cost structure defines all costs and expenses that your company will incur while operating your business model.
Include of what are the most cost in your business? Which key resources or activities are most expensive?

(9) Revenue stream.

Revenue stream is the process by which to identify the source of income for a business. Its's very important for the owner to analyse to ensure that the business earns a profit. It's not only in terms of price of the product but also the service offered as part of the revenue stream.
Include of for what value are your customers willing to pay? What and how do they recently pay? How would they prefer to pay? How much does every revenue stream contribute to the overall revenues?