Before I delve further into the types of business that are available, the reader should understand the definition of the business itself. 

 

Definition of Business 

Business is an activity that involves the sale and purchase of goods or services between the seller and the buyer to meet the needs and desires of consumers and involves the exchange of value for profit.

Profits from a business vary and are susceptible to a variety of factors. If you are interested in studying the profit factor of a certain company for example, you can refer to the article that is available online. 

Once the reader is clear about the purpose of the business, for readers who want to start a business, the reader must register the business with SSM Suruhanjaya Syarikat Malaysia.

 

Register You Business First 

In Malaysia, you are required and must register with SSM to start a business. Among the functions of SSM is to regulate matters relating to corporations, companies and businesses in relation to the laws set out in the First Schedule as well as the body that regulates companies in Peninsular Malaysia to comply with the law through comprehensive enforcement and monitoring activities. Anything related to business, industry, corporate and others is under the jurisdiction of SSM.

 

Types of Business That You Can Start or Acknowledge 

 

In Malaysia there are five types of business that occur, readers need to know and choose the business based on the position of the reader, the ability is seen in terms of financial strength, skills of readers and knowledge of readers in running, developing and risking the business. The five types of business are:

 

  • Sole proprietorship/enterprise
  • Sharing
  • Cooperatives
  • Sendirian Berhad/Sdn Bhd
  • Berhad/awam berhad
  • Sole Proprietorship Or Enterprise

Suggestion for Readers 

For those who have started a business, either an enterprise or partnership business. Whether running a product or service sales business, you must have your business targets to grow further and the life of your business lasts longer. Remember, that you must choose the better business ones. 

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Therefore, I highly recommend for those who are already in business or who are just starting a business to set high goals and targets for your business to be listed on Bursa Malaysia.

 

I know, this is not an easy thing to do. To get the glass is easy but to get the gem requires a sacrifice that is in line with the goal, not as easy as saliva coming out.

 

Coming from the bottom of my heart, may whatever the goal of the reader be made a reality and may God make it easier for you. Any shortcomings from this writing and writing input I apologize and if there are any improvements from my readers are very welcome for the good of my writing in the future. You could even start MLM and opt for Multi level marketing software demo.   

 

In Conclusion

In a nutshell, all business activities that are to be carried out must be registered under the Companies Commission of Malaysia which is Suruhanjaya Syarikat Malaysia. This is something that Malaysians who want to start a business need to know.