RESOURCE TOOL | Q&A FORUM | APPOINTMENT BOOKING
This is an online forum for startups to ask any questions related to entrepreneurship. Simply post your enquiry and we will assist you in getting the answer you need by either our resident MaGICians or partnering agencies. The User Demo below helps show you how to post your enquiry and be notified when it's answered.
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0
Answered
Magic co-working space address for SSM registration?
If I rent a co-working space in Magic (permanent), can I use magic address as my company address when I incorporate my company with SSM?
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Answered
Forwarding Enquiry: Platform for Entrepreneurial skill
To whom it may concern,
Just want to clarify, that the MAGIC initiative is a platform for building new entrepreneurial skills?
Besides that, what is the angel investors about and is Magic Central a platform for us to communicate with the participating organisations?
Just want to clarify, that the MAGIC initiative is a platform for building new entrepreneurial skills?
Besides that, what is the angel investors about and is Magic Central a platform for us to communicate with the participating organisations?
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Answered
Forwarding Enquiry: Fund for startup in LED display platform
My Brands and Markets Enterprise are basically a company that focus on the elevation of brands in its intended markets using the LED display platform.
I would like to inquire as to whom I may be able to set up an appointment and conduct a powerpoint presentation with regards to the following :
- funding assistance for entrepreneurship
- funding assistance for hard ware purchase (Capital Expenditure and Operating Expenditure)
- investment opportunities to participate in selected LED sites.
I would like to inquire as to whom I may be able to set up an appointment and conduct a powerpoint presentation with regards to the following :
- funding assistance for entrepreneurship
- funding assistance for hard ware purchase (Capital Expenditure and Operating Expenditure)
- investment opportunities to participate in selected LED sites.
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Answered
Forwarding Enquiry: Participate in MaGIC's programs
My name is Sashie - I run a Malaysian based company that specializes in Collection services for Telcos and all kind of Service Providers...
We use technology adoption for the mom and pops stores to be able render sales or service of soft products -ie mobile top ups, bill payments, ticketing sales and contents.
We have over 15,000 merchants today and we plan to grow it to 50,000 merchants within the next 18 months.
We would like to participate in MaGIC's programs to enable us to deliver our believe and passion in this industry to all small and medium store owners.
We use technology adoption for the mom and pops stores to be able render sales or service of soft products -ie mobile top ups, bill payments, ticketing sales and contents.
We have over 15,000 merchants today and we plan to grow it to 50,000 merchants within the next 18 months.
We would like to participate in MaGIC's programs to enable us to deliver our believe and passion in this industry to all small and medium store owners.
0
Answered
Forwarding Enquiry: MaGIC Coworking
I wanna know something on MaGIC Coworking space. I'm interested on to become Magician (RM200/month).
Some feedback required:
1. Can i use MaGIC coworking office as my startup co. business address?
2. If my startup co. need to register with MOF, is it MaGIC coworking can meet for my MOF registration purposes? Meaning; does MOF accept/consider it as a official office?
Some feedback required:
1. Can i use MaGIC coworking office as my startup co. business address?
2. If my startup co. need to register with MOF, is it MaGIC coworking can meet for my MOF registration purposes? Meaning; does MOF accept/consider it as a official office?
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Answered
Forwarding Enquiry: Entrepreneur in Residence position
Hi guys,
Am super intrigued by the Entrepreneur in Residence position. Could I get to know more about the job i.e. (1) what is the main role of the EiR, and (2) what are the working hours like? Looking forward to your reply.
Am super intrigued by the Entrepreneur in Residence position. Could I get to know more about the job i.e. (1) what is the main role of the EiR, and (2) what are the working hours like? Looking forward to your reply.
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Answered
Forwarding Enquiry: Guidance from MaGIC
Hi there,
I am a Mechanichal engineer by profession but i am also an aspiring entrepreneur. Recently, my friend and i have stumbled on an idea which we think could innovate the security system in Malaysia. The problem is that we don't have the expertise and also the financial knowledge on how to sustain a company. I think that with a little guidance from MaGIC, this dream could be a reality. Maybe we could do a simple presentation on how the idea works and carry on from there. Hope to get a response from your side.
I am a Mechanichal engineer by profession but i am also an aspiring entrepreneur. Recently, my friend and i have stumbled on an idea which we think could innovate the security system in Malaysia. The problem is that we don't have the expertise and also the financial knowledge on how to sustain a company. I think that with a little guidance from MaGIC, this dream could be a reality. Maybe we could do a simple presentation on how the idea works and carry on from there. Hope to get a response from your side.
0
Answered
Looking for a Mobile Apps programmer to join as co-founder
Hi,
Me and my friend have an idea to launch a university related apps, but we need at least 1 mobile apps programmer/developer to join us to work on the idea. We will handle in getting funds and etc. Anyone that interested to know more, do contact me for more details. Anyone with this abilities, do reach us at whatsapp - 012-7669779.
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Answered
Forwarding Enquiry: Funding
Good Morning Sir / Mdm, I am into contract manufacturing of zinc die casting and surface finishing.From start up till to-day managed to establish a basic infra,now in order to grow the business i need funding and not debt financing instead equity financing.
Hope there can be a Magic.
Hope there can be a Magic.
0
Answered
Forwarding Enquiry: Fundamental business discussion & learning session
Hi, I am Hafiidz, a petroleum engineer at our national oil company by profession, part timing as Android programmer & working towards starting up sustainable business for my partners and I.
My friends and I, mostly around 27 years old, 3-6 years working experience in various industries and company often have our discussion sessions on starting our own business. Some of our friends have started theirs and the rest of us are inspired to follow their footsteps.
We have a couple of very fundamental questions, for example;
+how to do a market survey/test ideas validity
+how to create a sound business plan, for pitching to gov agencies/banks/investor
+when should we start a company? Or LLP? First step or after product validation or...?
+branding, trademarks & domain registration guide
and especially to all these as lean as possible, while still keeping our engineering 8 to 5 works for now, while we collect capital & business networks before taking both feet in our own business.
Online sites has been a great help in giving us some general ideas but I personally prefer to meet and discuss with others who has walked this path before and more knowledgeable in the area.
Is it possible to come to MaGIC, and have a discussion session on the above topics? Or please advise if there is planned program/events that are covering some of these topics.
FYI, I have developed and published a basic app as per link below, as learning and rapid development testing, there are a couple of features & business models that I have in mind but have yet been able to realise/program.
https://play.google.com/store/
My friends and I, mostly around 27 years old, 3-6 years working experience in various industries and company often have our discussion sessions on starting our own business. Some of our friends have started theirs and the rest of us are inspired to follow their footsteps.
We have a couple of very fundamental questions, for example;
+how to do a market survey/test ideas validity
+how to create a sound business plan, for pitching to gov agencies/banks/investor
+when should we start a company? Or LLP? First step or after product validation or...?
+branding, trademarks & domain registration guide
and especially to all these as lean as possible, while still keeping our engineering 8 to 5 works for now, while we collect capital & business networks before taking both feet in our own business.
Online sites has been a great help in giving us some general ideas but I personally prefer to meet and discuss with others who has walked this path before and more knowledgeable in the area.
Is it possible to come to MaGIC, and have a discussion session on the above topics? Or please advise if there is planned program/events that are covering some of these topics.
FYI, I have developed and published a basic app as per link below, as learning and rapid development testing, there are a couple of features & business models that I have in mind but have yet been able to realise/program.
https://play.google.com/store/
Answer
MaGIC
11 years ago
Your Enquiry:
> My friends and I, mostly around 27 years old, 3-6 years working experience in various industries and
> company often have our discussion sessions on starting our own business. Some of our friends have started
> theirs and the rest of us are inspired to follow their footsteps.
> We have a couple of very fundamental questions, for example;
> +how to do a market survey/test ideas validity
Our Answer:
Here are some ways:
http://practicetrumpstheory.
> My friends and I, mostly around 27 years old, 3-6 years working experience in various industries and
> company often have our discussion sessions on starting our own business. Some of our friends have started
> theirs and the rest of us are inspired to follow their footsteps.
> We have a couple of very fundamental questions, for example;
> +how to do a market survey/test ideas validity
Our Answer:
Here are some ways:
http://practicetrumpstheory.
http://startupbros.com/3-
http://www.startupdonut.co.uk/
http://steveblank.com/tools-
http://www.startupdonut.co.uk/
http://steveblank.com/tools-
And once you have something more concrete, you can proceed to test out the ideas by
looking to raise funding around the idea:
http://www.entrepreneur.com/
Your Enquiry:
> +how to create a sound business plan, for pitching to gov agencies/banks/investor
Best way for a sound business plan is to have a prototype or a simpler version of your
product being used in the market and that you can find some customers or sponsors. The
best business plans these days is to show that you have a simple version of your software
or product being used by actual users, preferably if they are paying for it.
Imagine if you are investor, two companies come to you for funding. The first team has
a powerpoint slide and an idea, while the second team starts the conversation by showing
you a working prototype and adds that there are already 500 users signed up and are using
it. Which team would you be more likely to fund?
Your Enquiry:
> +when should we start a company? Or LLP? First step or after product validation or...?
Our Answer:
A good time to start a company is when all the co-founders and team can work full time on
the idea, or at least 40 hours a week and has a working prototype.
Your Enquiry:
> +branding, trademarks & domain registration guide
Our Answer:
Here are some branding and trademark guides:
http://technori.com/2013/03/
http://onstartups.com/tabid/
http://www.forbes.com/sites/
As for domain registration, it's generally ideal to have a .com domain name that is the
same as your company name. However, now that it's 2015, a lot of obvious names and common
dictionary based words are taken, this might not be possible, and you may have to compromise
and/or be creative. One rule of thumb is to use a name that you can hear over the phone and
spell it.
Your Enquiry:
> and especially to all these as lean as possible, while still keeping our engineering 8 to 5
> works for now, while we collect capital & business networks before taking both feet in
> our own business.
> Online sites has been a great help in giving us some general ideas but I personally prefer
> to meet and discuss with others who has walked this path before and more knowledgeable
> in the area.
Our Answer:
You can definitely start with building it up part time, though do realise that outsized rewards generally require taking risks.
Your Enquiry:
> Is it possible to come to MaGIC, and have a discussion session on the above topics?
> Or please advise if there is planned program/events that are covering
> some of these topics.
Our Answer:
MaGIC has various events where we would have multiple entrepreneurs present, keep an eye
out for those. Do sign up for our newsletter. You can contact me for further follow-up,
alif@mymagic.my
Your Enquiry:
> FYI, I have developed and published a basic app as per link below, as learning and
> rapid development testing, there are a couple of features & business models that I
> have in mind but have yet been able to realise/program.
> https://play.google.com/
Our Answer:
Congrats! If this is where your target space is - you should speak with the folks at iMoney and
RinggitPlus as they operate in your space.
Best regards.
looking to raise funding around the idea:
http://www.entrepreneur.com/
Your Enquiry:
> +how to create a sound business plan, for pitching to gov agencies/banks/investor
Best way for a sound business plan is to have a prototype or a simpler version of your
product being used in the market and that you can find some customers or sponsors. The
best business plans these days is to show that you have a simple version of your software
or product being used by actual users, preferably if they are paying for it.
Imagine if you are investor, two companies come to you for funding. The first team has
a powerpoint slide and an idea, while the second team starts the conversation by showing
you a working prototype and adds that there are already 500 users signed up and are using
it. Which team would you be more likely to fund?
Your Enquiry:
> +when should we start a company? Or LLP? First step or after product validation or...?
Our Answer:
A good time to start a company is when all the co-founders and team can work full time on
the idea, or at least 40 hours a week and has a working prototype.
Your Enquiry:
> +branding, trademarks & domain registration guide
Our Answer:
Here are some branding and trademark guides:
http://technori.com/2013/03/
http://onstartups.com/tabid/
http://www.forbes.com/sites/
As for domain registration, it's generally ideal to have a .com domain name that is the
same as your company name. However, now that it's 2015, a lot of obvious names and common
dictionary based words are taken, this might not be possible, and you may have to compromise
and/or be creative. One rule of thumb is to use a name that you can hear over the phone and
spell it.
Your Enquiry:
> and especially to all these as lean as possible, while still keeping our engineering 8 to 5
> works for now, while we collect capital & business networks before taking both feet in
> our own business.
> Online sites has been a great help in giving us some general ideas but I personally prefer
> to meet and discuss with others who has walked this path before and more knowledgeable
> in the area.
Our Answer:
You can definitely start with building it up part time, though do realise that outsized rewards generally require taking risks.
Your Enquiry:
> Is it possible to come to MaGIC, and have a discussion session on the above topics?
> Or please advise if there is planned program/events that are covering
> some of these topics.
Our Answer:
MaGIC has various events where we would have multiple entrepreneurs present, keep an eye
out for those. Do sign up for our newsletter. You can contact me for further follow-up,
alif@mymagic.my
Your Enquiry:
> FYI, I have developed and published a basic app as per link below, as learning and
> rapid development testing, there are a couple of features & business models that I
> have in mind but have yet been able to realise/program.
> https://play.google.com/
Our Answer:
Congrats! If this is where your target space is - you should speak with the folks at iMoney and
RinggitPlus as they operate in your space.
Best regards.
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