Week 5 UNIT 2 BUSINESS MANAGEMENT Notes By : Farihan Elyana Bt Zahari

LESSON LEARNING OUTCOME: 1. Justify the sources of capital for entrepreneurship 2. Explain the types of business support system in malaysia Notes By : Farihan Elyana Bt Zahari

Personal fund Family and friends Bank and other financial Sources of capital for entrepreneurship

Notes By : Farihan Elyana Bt Zahari MARA SME bank TEKUN nasional Perbadanan usahawan Nasional berhad Bank rakyat Capital from bank Discuss how to get loan ?

Financial Management training and Entrepreneurship Technology Location and space Marketing Research and identify project Information Type of Entrepreneurial Support Facilities.

1. FINANCIAL Financial support was provided by a financial institution which aims to provide loans to entrepreneurs to undertake a business. – These facilities include the construction of the plant site, purchase of office equipment, purchase of machinery and also for use as working capital. The financial institutions offering financial services are commercial banks, merchant banks and government agencies

Type of Financing and Agencies TYPE OF FINANCINGAGENCY General Business, Agriculture and Industry MIDF MARA Bank Pembangunan Malaysia Industry Bank Malaysia Agro Bank Malaysia Credit RefinancingCommerce Bank Finance agency Guarantee SchemeCredit Guarantee Corporation Malaysia Rural Development ProgrammeMinistry of Rural Development Tabung Usahawan Siswa (TUS)Ministry of International Trade and Industry: BANK RAKYAT

2. Management training & Entrepreneurship The program aims to train entrepreneurs to have high skills in their areas of expertise and knowledge in the field of management. The program also provides encouragement and support in an effort to improve the business.

Management training & Entrepreneurship. MEDEC ( Malaysian Entrepreneur Development Centre) ICU(Implementation and Coordination Unit, Prime Minister's Department ) MARA ( Majlis Amanah Rakyat ) PDPN (Pusat Daya Pengeluaran Negara) MARDI(Malaysian Agricultural Research and Development Institute) SIRIM(Standard and Industrial Research Institute of Malaysia) INSKEN (Institut Keusahawanan Negara) and financial institutions. UITM and UUM

3. TECHNOLOGY Entrepreneurs can increase their technical knowledge of existing educational courses available. In addition, they will be able to learn the latest technology especially in the manufacturing and management. This technology is usually delivered by skilled and trained instructors, using modern equipment from within and outside the country. Transfer of modern technology is very important in order to create a culture of competitiveness in line with our economic development.

Agencies Involved: SIRIM(Standard and Industrial Research Institute of Malaysia) MARA MARDI MPOB (Malaysia Palm Oil Board) FRIM (Forest Research Institute Malaysia) MDEC (Multimedia Development Corporation) Higher Education Institute.

4. Location and Business Space. Agencies involved in providing the location and space for entrepreneurs is : – MARA – UDA – PKEN ( Perbadanan Kemajuan Ekonomi Negeri ) – SEDC These agencies provide site preparation services in accordance with the pattern of business location or business that will be developed. This facility can assist in reducing the problem of retail space and industrial sites in strategic areas and viable.

5. Marketing. Marketing is everything an ongoing effort to popularize and increase the sales of goods and services offered in the enterprise. Agency will provide support services to entrepreneurs in the distribution, promotion and marketing of goods and services produced by entrepreneurs at home and abroad.

Agencies Involved : FAMA (Federal Agricultural Marketing Authority) MATRADE (Malaysia External Trade Development Corporation) MITI (Ministry of International Trade and Industry)

6. Research and identify project There are several agencies that assist entrepreneurs in carrying out research and studies. Research and studies done, including project feasibility studies, marketing studies and research related to technology. Agencies is: – MARDI – SIRIM. – Institution of Higher Education

7. Information. Help information available to entrepreneurs in business opportunities, statistics, new discoveries, technology, research and so on. Most of the department or agency has a resource center or library that contains the collection of information for public use. Agencies is :- – MITI – MARDI – SIRIM – MIDA – FRIM

Discuss with your group, what type of support you need for your product or services. Notes By : Farihan Elyana Bt Zahari