With its unique position right in the heart of Asia, starting a business in Malaysia is one of the best decisions you could make for your business. Strategically position next to many of Asia’s other leading markets like Singapore and Indonesia, Malaysia’s strong economic growth and stability has been a source of major attraction over the years.
Any ambitious entrepreneur is sure to find what they’re looking for right here in Malaysia. But the question is, what types of businesses in Malaysia can you get involved in? If you’re considering such an opportunity, then the example of small business in Malaysia listed below would be great to get started:
Hotel Business
Closely linked to the travel industry too, consider starting a hotel business in Malaysia if you’ve got a passion for the industry. Because Malaysia hosts thousands of tourists each year, you’ll find it easy to run a thriving business if you play your cards right. There is even a market for online hotel booking businesses if you want to consider going down the online business opportunity in Malaysia pathway.
Ecommerce Business
Starting an ecommerce business in Malaysia is another popular option to consider. Even if you don’t have a shopping website setup of your own, you can still make this one work. Malaysia has several reputable online shopping websites which have a lot of business and traffic going on each day. Examples of these sites would be Zalora, Lazada, Shopee and Best Buy where you can quickly setup an account and start selling your goods.
F&B Business
There is no place like Malaysia when it comes to delicious cuisines which are sure to delight your taste buds. Locals and foreigners alike love eating out and there’s no shortage of food options to choose from. From fine dining to local street food, starting an F&B business could be your calling.
Travel Agency
Once again, Malaysia’s strategic location proves to be very lucrative indeed. As an international business hub, Malaysia sees hundreds of thousands of people travelling in and out for business purposes yearly. It has no shortage of tourists either with many exciting places to explore. Whether for business or leisure, a travel agency business is in demand. With a low initial capital required, starting a travel agency business in Malaysia is a great option to consider.
Microfinancing Services
There’s always companies out there in need of funding and financing. With more people eager to fulfil their dreams of being their own boss, new businesses are continuously springing up. If you have the capital needed to help these entrepreneurs get their business off the ground, this could be the venture for you. It is advisable to have some background or knowledge in banking and financing to start this business option.
Fashion and Retail Business
Malaysians love their fashion. You simply need to walk into any mall and you’ll notice that fashion boutiques bustling with customers eagerly scouting for the latest fashion trends. If you’re considering setting up a retail business in Malaysia, conduct some research and look into what the locals like so you’ll know what there is a demand for.
Professional Services
If you’ve got a specific niche of expertise, like accounting for example, you could think about starting a professional services business in Malaysia. With new companies emerging every year, there is a need for professional services to help these businesses survive and thrive. Which makes professional services business one of the best small business ideas in Malaysia you could think about starting.
Childcare Business
Starting a childcare business in Malaysia is another one of the list of business ideas in Malaysia which you could think about venturing into. Many parents are starting to realise the importance of early childhood education, and thus there is a growing demand for quality childcare services that needs to be met. If you’ve got the capital and the passion, this is one business idea which could prove very lucrative.
List of other small business Ideas in Malaysia
See other small business ideas in Malaysia which you can consider include:
- Freelance services
- Photography business
- Café business
- Food truck business
- Affiliate marketing business
- Custom t-shirt printing business
- Pet related business
- Laundry service business
- Mobile phone accessory business
- Personal computer and smart phone repair services
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