KUALA LUMPUR: Rise and shine entrepreneurs as your opportunities to bloom are vast! For the past four years, SME & Entrepreneurship Business Award (SEBA) was established as an initiative to not only focus on Malaysia’s noble entrepreneurs and enterprises but also to discover growing talent and upcoming companies mushrooming in the face of the industry.
Many upcoming entrepreneurs are unsure of the direction they are heading in and are clueless on how to seek networking opportunities to mould their business strategy. Therefore, this platform could help younger entrepreneurs in establishing and promoting their road to success.
According to the Founder of My Preneurship Yayasan Usahawan Malaysian Nitesh Malani, there are stakeholders who have successfully upsurged their organisations to a whole new level while inspiring legacies to be emulated by others. These successful companies have upped their game in the Malaysian economic growth and certainly would pave their way towards drastic progress in the future.
It is certainly not just an ordinary award that is exhibited for the fame but yet, SEBA is a catalyst for entrepreneurs to learn and grow together with their team members by coming up with fresh, innovative ideas that cater to technology advancement.
The MyPreneurship program educates, trains and mentors entrepreneurs and gives them the opportunity to meet other successful entrepreneurs.
Nitesh said,”The awards are certainly not industry focused but there are a couple of nominees that we would love to invite. Nomination is still open for this year and the number of food award nominees were a large handful last year. We had The Olive Tree Restaurant, Pampas Steakhouse and many other food and beverage chains”.
Meanwhile, one of SEBA’s entities – the Entrepreneur Education Institute (EEI) targets to deliver entrepreneurship courses designed to produce credible future entrepreneur stakeholders with viable business plans to achieve their goals with success.
Nitesh additionally said, “As such, there are no requirements to being eligible to receive an award as long as you have a credible business. We have Small and Medium sized Enterprise (SMEs), Small and medium sized industries (SMI) which are our main two ‘pillars’ and then obviously, Start Up Entrepreneurs, Conglomerates and Bigger Entrepreneur”.
Launching together with these would be the prestigious SEBA Business Club that would provide in-depth networking opportunities and knowledge to fellow nominees and awardees.
He said,” The current trend of food trucks can be incorporated into our awarding scheme if some these food truck entrepreneurs are successful enough. If there are five to ten nominees for food trucks, we may be able to open another category such as “The Best Food Truck Entrepreneur of the Year”
Nitesh emphasised on the right documentation for entrepreneurs to start up their own business. The criteria for the evaluation process are:
- Net profit figures
- Seeing how many trucks a given entrepreneur owns
- Assessing the medium of marketing based on the target audience
- Type of networking used such as GrabFood or FoodPanda
Nitesh hopes that ambitious entrepreneurs will be given the opportunity to engage with other stakeholders to exchange and develop ideas, experiment and find great solutions that will lead to successful business propositions.
“The Olive Tree is certainly at a different level now as we are trying to hike up their net profit by investing 20 million dollars approximately which will enable them to enter China’s market. This is the value we provide our awardees by helping them to grow their business opportunity” explained Nitesh.
Then there are also MURFEST MALAYSIA’s vendors where young entrepreneurs who need a platform to expand their business opportunity market their products by collaborating with other vendors thereby creating a ‘win win’ situation for both parties as there are direct rapports that are built and one can relate to a specific target audience.
Nitesh concluded that he would love to see a bigger inflow of entrepreneurs entering the food and beverages industry as these are the upcoming entrepreneurs who would start to build their own platform from now and gradually work towards expanding their business. This would in turn translate into gradual growth of Malaysia’s economy as we head into the future.
Reported by: Vinietha Veloo
Services
Stakeholder mapping, analysis, engagement and communication needs to be detailed to avoid business losses or even worse, a crisis. How can you do this effectively to prevent failure? ...
Data-driven business decisions have never been as crucial, especially in this era. MGBF leverages off, technology, experience and market presence to aid businesses in making accurate decisions. ...
MGBF provides comprehensive strategic advice and results-focused solutions to solve clients' problems in business-government relations so they can focus on their core business. ...
A critical business challenge is meeting the right decision-makers and potential buyers through the best channel and platform. How will you improve your business competency? ...
Upcoming Events
In this episode of 'A Working Lunch with Nordin', MGBF's Nordin Abdullah and regional commentator Eddin Khoo will discuss the biggest threats and opportunities for businesses as we look to manage change in the South China Sea.
This MGBF Roundtable will feature thought leaders form Japan, Australia, Singapore and Malaysia dealing with the critical issues of manipulation of public listed companies and government and their financial impacts.
A series of networking sessions with various business associations and trade organisations exploring high-value opportunities for business leaders and entrepreneurs looking to build the relationships that matter.
This integrated event will include a forum, dedicated business matching, site visits, a gala dinner and a round of golf. Aptly themed, the focus will be on regional food security issues and trends in the context of the supply chain, agriculture technology and trade regulations and policies.
MGBF In The News
Planet QEOS and China Machinery Engineering Corporation (CMEC) are interested in investing RM10 billion to co-develop advanced Megawatt peak (MWp) agrovoltaic in Baram, to further boost Sarawak’s green energy initiative and food security. Sarawak Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg was briefed on Friday by both the […]
Last week SPM results came out, 373,974 aspirants who have been waiting patiently over the last few months would now know their fate. Some 10,109 have received all A’s, the golden standard of academic success and the ticket to those looking to study the “more advanced” subjects in university. Proudly, […]
The classic knee-jerk reaction is to say, fire the coach, change the leadership of associations, and reduce the funding till they start performing better. This kind of negative reinforcement may work for kindergarten children, but we are dealing with high-performance adults – individuals much further along in their psychological and […]
Since its earliest tea plantations in 1929, Cameron Highlands has grown to become a key player in the agricultural landscape of Malaysia, producing 40 per cent of all vegetables grown. Despite Malaysia shifting its economic focus away from agriculture, the industry remains imperative for food security and the livelihoods of […]
Although at first glance the travel industry and the agricultural sector appear to have nothing in common, they actually share more than meets the eye. The economic benefits of tourism to the agricultural sector can be multiplied several times over. “Tourism brings the end consumers closer to the source, which […]
The Malaysia Global Business Forum (MGBF) recently held a high-level roundtable themed ‘Designing the Future of the Digital Economy’, attended by industry leaders and business associations. The guest of honour was Yang Berhormat Syerleena Abdul Rashid, the Member of Parliament (MP) for Bukit Bendera in Penang. The MP’s Special Session […]
The Malaysia Global Business Forum (MGBF) will be hosting a roundtable on ‘Designing the Future of the Digital Economy’ on 23 February 2023. It is the culmination of the first three MGBF Exclusive Roundtable Series titled ‘The Evolving Threat Matrix in the Digital Economy’ held throughout 2022. According to the […]
The Founding Chairman of the Malaysia Global Business Forum (MGBF), Nordin Abdullah, today spoke on Bernama TV’s leading English talk show, The Brief, hosted by Jessy Chahal, on the topic of a stable political reality and what that means for the Malaysian economy. Nordin said, “The first thing that it […]
More than 1,100 years ago, Muhammad ibn Musa al-Khwarizmi was developing the mathematical formulas that we know today as algorithms which now have become so intertwined with the business fortunes of global media giants and the very fabric of geopolitics. A series of recent high level international reports have revealed […]
KSK Land has been recognised by the Malaysia Global Business Forum (MGBF) for its role in attracting high net-worth individuals to Malaysia post-pandemic. The first challenge in investor attraction is “selling” the country. In the context of Asia, Malaysia is competing with some very established investment destinations. The second […]
Malaysia, in particular Kuala Lumpur, continues to position itself as a regional centre to do business, educate a family and enjoy a global lifestyle. One company, KSK Land, has taken the lead in positioning itself and the city of Kuala Lumpur as a property investment destination for the global citizen […]
The upcoming budget represents an opportunity to build resilience in the critical sectors that will form the backbone of the country’s future-facing economic ambitions. This however needs to be achieved in the context of managing the community sectors most impacted by COVID-19 over the past two years. The Keluarga Malaysia (Malaysian Family) […]
Malaysia Global Business Forum (MGBF) has moved to support the creative economy as the overall economy moves into a recovery phase following the COVID19 pandemic. As a step in the direction of normalcy, the MGBF has agreed to host the art exhibition “I Know You’re Somewhere So Far” by one […]
Congratulations to Datuk Seri Ismail Sabri Yaakob for taking up the mantle of the ninth prime minister of Malaysia. There is nothing normal about the situation; it could not have been scripted but it has kept the spectrum of media, mainstream and social, gripped. The first order of business for […]
In a stirring speech to the nation, President Joseph R. Biden, Jr. stamped his brand of leadership on the presidency, in his first act as the 46th president of the United State of America, it signaled several shifts. Perhaps the weather was foreboding with snow falling before the ceremony that […]
KUALA LUMPUR, 6 July 2022 – As the global economy continues to deal with unprecedented levels of disruption caused by the pandemic and the conflict between Russia and Ukraine, the convergence of energy security and food security issues has become a front-of-mind issue faced by policy makers and consumers alike. […]
KUALA LUMPUR, 23 June 2022 — Malaysia Global Business Forum (MGBF) ties up with scoutAsia to ensure that businesses are equipped with deeper regional insights. The past two years has seen a massive shift in the way businesses are conducted with digitisation, digitalisation and automation continuously being adopted to improve […]
KUALA LUMPUR, 25 May 2022 – The Malaysia Global Business Forum (MGBF)’s exclusive roundtable on ‘Security Concerns in Critical Value Chains’ was held in a hybrid setting yesterday at the Eastin Hotel Kuala Lumpur. The guest of honour was Yang Berbahagia Tan Sri Dato’ Seri Rafidah Aziz, former minister of […]
We live in the age of crisis. At the heart of any crisis is the threat of rapid change. Change too deep or too wide that the current coping mechanisms for an individual, corporation or government are unable to remain resilient. An unwelcome paradigm shift, like the proverbial spider, that […]
