Full speed ahead

Setting up a business is exciting, but it can also be complicated and stressful. A Business Plan is the focus point where you will find the motivation to turn your vision into action.

A Business Plan outlines your current financial position, provides an analysis of the strengths and weaknesses of your business ideas, identifies your business objectives and describes how you intend to achieve them at a profit through marketing strategies which will include brand positioning, advertising and promotion plans. A Business Plan also lays down a firm timeline.

One of the core elements of your business’s success is to have a great support from your bank to ensure that your business financial affairs are not disrupted. At HSBC Amanah, we can provide you a business package including a Business Vantage Account-i to get your business off the ground and help to manage your cash flow and expenses. The BusinessVantage Account-i includes Business Internet Banking and Telebanking to facilitate your banking needs and management at any time, wherever you are. We also offer Anytime Money Personal Financing - i as a small financing amount to help you get your business started.

Our attractive business package also includes Business Premises Financing-i, Cash Line-i, Amanah Term Financing-i, Leasing-i and Industrial Hire Purchase-i.

In addition, a Business Banking Associates can provide you with quotes and work out which of the following takaful is most suitable for your business:

1) Takaful Fire Commercial
2) Takaful Keyman
3) SME Flexi-Cover Plus
4) Flexi Business Shield.

Useful tips

The government is an excellent source for the things that new businesses in Malaysia need to think about. You can also download various business templates from the internet including profit and loss and financial forecasting sheets.