I will try to explain how things work as easiest as i can.
Money is consider as important capital. Without money, we can't do for almost everything and being constricted. Example, A buys a can of coke for RM1.50 and plan to sell it to B for RM1.80, A need RM1.50 as its capital for gaining profits of RM0.30 . Money also can be use for various functions such as investing and many more.
We have 24 hrs /day, lets say that we use 8 hrs for sleeping, 8 hrs for work, and 4 hrs for additional time spend on things such Leisure, cooking?, and and perhaps doing some homework or anything else. Time Capital must be spend on carefully as it is the most easiest thing to slip away from our hand. Example, if we planned to study on 9.00Am, then 9.00Am sharp we must study.This is to prevent wastage on time on doing such thing that wont benefit us.
And if u have this capital in your hand, you can start the business in no time, I wonder in the other country how to register their business, but in Malaysian, we register the business at ROC "Registrar Of Companies".
As you already knew, there are three types of business;
- Sole-proprietorship (if you is the only owner.)
- Partnership (if your organization have 2 or more partners and doesn't have a company secretary)
- Corporation (2 or more partners, have a company secretary)
"Happy readings"
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