Question

Explain the availability of business support system in Malaysia.

Answer 1

Firstly, To check for the availability of the business support systems in Malaysia we have to see the types of business support systems.

1. Financial
2. Technical
3. Management of entrepreneur training
4. Advisory service
5. Location
6. Marketing
7. Research and Development
8. Information

Finance: There are banks that provide loans to SME ( Small and Medium-scale Enterprises). This needs to be done by a formal procedure which starts with submitting a copy of business registration documents to the banks

Technical: There are a lot of consulting firms that help to set up our technical infrastructure very easily and the policies laid by the government also support us to develop the business infrastructure.

Training: Many workshops are being organized by government agencies that promote small scale industries. At the same time, there are facilities that help us to get trained easily without any hassle.

Advisory Service: There are many services that start from opening a corporate bank account, Getting required permissions to start a business, and also to get your business running. These facilities also provide us the confidence to make decisions. All the legal clauses are reviewed very closely and then approved.

Location: We have many places to start our business. First, we need to concentrate and fix the target customers, and then we have option to consult with the government. There are also many ways by which we can get apt locations for our business by consulting with the local firms and vendors.

Marketing: We have many online tools and local information systems to increase the marketing target. The only thing is we have to comply with the local laws and act accordingly.

Research and Development: Malaysian government always supports the R&D projects we have to provide our project details to get any kind of help from the concerned authorities. This will ensure that the great products to be released into the market.