ANNOUNCEMENT!!

There will be an exhibition done by Sabah State Library for the opening ceremony of Bandar Sri Indah in Tawau on the 8th of March, 2011. There would be several prints of Tawau old photos on display and the Kee Family book by Kee Faridah as well. Please stop by and visit if you have the time :)

Friday, November 13, 2009

Life Isn't Always Sunshine

I was on my way home. Suddenly my mobile phone rang. A friend who had not called me for a while was on the line. After the usual greetings, she told me that she would like to see me. I said I'm just about reach my home after the whole morning out in the city. I then told her to come and visit me at home. She promised me she would make it the next day. Since she had been away on a trip overseas, maybe she had some gift to hand over to me. He he he.
Actually I just had tea in town with another friend from out of town. This friend had told me about her cashflow problem. Funny why she thinks I could give her some advice on such matters. I had worked for a Government Agency that manages GLCs but I myself had never embarked on any kind of business of my own. She told me that her first venture - a Cafe was a flop. She lost almost a hundred thousand ringgit on that venture. So I said why didnt she sell the shop? And having reflected it in my mind, I said - "no buyers?" and she said 'yes'.
Now she is operating a Canteen in a Higher Institution of Learning. She said that she could make average RM2,000.00 a day but because she had no Operating Capital, everything is bought on credit. For the last six months she had not received payment on food supplied and that she is three months due on rental. She's got notice to pay. I told her maybe she could approach the bank for credit - she said she could not because she had been blacklisted - see she had guaranteed a friend - and this friend had defaulted on her loan. Now she (my friend) is on the receiving end due to her friend's non compliance to pay the loan. What is your views - how could she get the capital to continue her venture and make money out of it?

3 comments:

keeaida said...

wowee .. incredible story .. entah

yettoz said...

hmmm.... ntah juga...

kyro said...

Pergi AKPK minta advice on debt management....utk capital pergi TEKUN