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OECD's Malaysia Economic Survey 2024 findings will be used to draft 13th Malaysia Plan - Rafizi

JOHOR BAHRU, 17 Ogos -- Menteri Ekonomi Rafizi Ramli (kiri) bercakap pada forum ‘Ask Minister Anything’ sempena Program MADANI Rakyat Zon Selatan di Universiti Teknologi Malaysia (UTM), hari ini. --fotoBERNAMA (2024) HAK CIPTA TERPELIHARA

PUTRAJAYA:  The findings of the Malaysia Economic Survey 2024 by the Organisation for Economic Co-operation and Development (OECD) will be used to draft the 13th Malaysia Plan (13MP), according to Economy Minister Rafizi Ramli.

He said it will also be used to formulate specific policies and programmes in sectors involving micro, small, and medium enterprises (MSMEs).

"During preliminary discussions with the OECD last year, the Economy Ministry indeed requested that the sector be studied in depth, including by comparing policies and practices in other countries, which is related to MSMEs."

"These findings will certainly be used to draft, firstly, the 13th Malaysia Plan, which is currently being implemented, and secondly, to formulate specific policies and programmes in sectors involving MSMEs," he told reporters after the launch of the OECD's Malaysia Economic Survey 2024 here today.

Rafizi said the findings involving other sectors, such as climate change and fiscal strengthening, already have programmes that were announced previously.

He said that for issues related to climate change, it is included in the National Energy Transition Roadmap (NETR), while fiscal strengthening has already been discussed.

On Malaysia's steps in addressing the issue of an ageing population, Rafizi said the ministry has prepared the National Ageing Blueprint.

He said that his ministry has completed the entire report and the plan, developed in collaboration with the World Bank.

Rafizi added that it will be presented at the National Economic Action Council (NEAC) in November and will be one of the main focuses in 13MP.

"After we receive approval and have a thorough discussion at the government level following its presentation at the NEAC in November, we hope to present the aging nation framework to the public."

"This is because the overall discussion regarding our country's position and the projections of an aging nation need to be understood by the public as a whole," he said.

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Business Plan Writer Malaysia

A well written business plan is an essential component for any company seeking to raise capital. Our team at Prospectus.com has over 20 years of experience writing business plans and structuring business models for start-ups, later stage and expansion companies, those seeking venture or angel financing all the way to mezzanine and 144A funding, spanning a wide range of industries across the globe. We have been involved in thousands business projects and assisted with business planning, offering and private placement setup, feasibility studies, drafting financial projections, both for private companies and those seeking initial public offerings or listings on a stock exchange.  Our team is a recognized leader in business plan development. In fact, our CEO is the Chairman and Founder of  Borders.org  ( Business Plans Without Borders ), a not-for-profit 501c3 organization which assist low income families as well as refugees and immigrants with business plan writing services and grants.

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Malaysia Business Plan Options

There are mainly two types of business plans that are written in Malaysia: capital raising business plans and management or managerial business plans.

Raise Capital with a Business Plan

Most business plans are written with eye towards raising money for their venture. In a business plan that is written for investment capital, the structure of the business plans and therefore the most important point of the document will be the value-added benefit. Information on the products, services and the market will play central roles in the development of the plan, as well as various payout or exit strategies for the investors. Most business plans will focus on either selling equity or debt to investors.

  • Equity : In an equity business plan the company seeking funding will sell an ownership stake. If the company is a corporation, they will sell shares or common stock or a variation of them. If the company is a LLC or a Limited Company (which is popular worldwide) interest or units in the company would be offered. Both a form of ownership, just with a different name for each entity. In additional, there are other sweeteners one can add into any business plan offering, including warrants or preferred shares or preferred units or convertible debt.
  • Debt : in a debt offering business plan the company will be issuing some type of bond or a note to investors. A bond or note differ only in terms of the length of each security, which bonds being considered a longer maturity date than a note. There are also convertible debt securities that would convert the notes/bonds to equity at a certain fixed point in time. The business plan for bonds would detail the terms, such as the maturity date, interest rate and other vital information.

Managerial Guidance Business Plan

  • No Capital Raising : In a managerial or a management business plan, the focus is not on raising money but what strategy a company should employ. While most companies that write business plans do so to raise capital, there are some that simply want to get a second opinion or an outside view of their business. They ask us to write them a business plan for growth opportunities, not to raise money. Said another way, the management of the company wants to see our view and take on their business and what we would do to expand their company.
  • Recommendations : A business plan used to simply strategically plan one’s next move is referred to as managerial guidance business plan document. No capital is being raised initially, although sometimes we may conclude that capital should be raised for the company to penetrate or open new markets or opportunities. In the course of research, we may conclude that, in fact, the company should conduct an offering and raise money. We will recommend the amount to raise based on the company’s expansion needs and the company valuation.

3 Levels of Business Plans

Our firm offers various levels of business plan writing service and consulting, including: Level I Start-up Business Plan »

  • Prospectus.com’s team consists of industry expert business plan writers. Our Level I Start-up Business Plan can be used for companies raising initial seed funding and getting off the ground. The dollar amount being raised is not of paramount importance.
  • The Start-up Plan includes complete financials, potential cash-flow, market analysis and marketing strategies as well as a break-even analysis, and a separate executive summary and much more.

Level II Expansion or Series B Business Plan »

  • Prospectus’ Level II Expansion or Series B Business Plan assists companies and entrepreneurs that are seeking to expand or scale their business, including by increasing market share.
  • The Level II Start-up Plan helps to define concepts, target markets and market potential, as well as financial clarity necessary to define your concept, identify your market potential, and identify capital requirements. Executive summary included.

Level III Enterprise Business Plan »

  • Prospectus’ Level III Enterprise Business Plan serves the need of those later stage and established companies seeking to raise additional capital to expand their businesses, often in the form of issuing debt securities such as bonds or convertible notes.
  • The Level III Enterprise Business Plan is our most comprehensive business plan and often our clients will need a prospectus or a private placement memorandum (offering memorandum) written as well.

Our firm has years of experience drafting securities documents and is confident we can assist with your Malaysia Business Plan Writer.  Feel free to contact us anytime, or call us to setup an appointment at any one of our global offices.

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Writing a Business Plan in Malaysia

  • Writing a Business Plan in…

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A Business Plan is a Company Resume That is Useful at Every Step of the Journey

Writing a Business Plan in Malaysia

Why Is It Necessary

If you were an investor, would you immediately invest in a business in Malaysia without seeing any evidence? My guess exactly, no, of course, you would not. Thus, a business plan is proof that careful thought was put into it realise it. Besides a company profile, a business plan lays out details of the business idea, the current problems where the concept will help resolve it and how it will affect the market as a whole. Okay, maybe this is a bit too far, but still, you need to have a clear conscience of your business. The ultimate reason for having a business plan is to convince an investor to invest in your company. No amount of buddy talk can replace a credible business plan. At least, an investor will have faith in it and hope for the best.

Who Uses It

Besides yourself as the business owner, banks and even your employees will utilise it too. The business plan will serve the purpose of a framework for the company. An employee may understand their job description very well. But, having worked in the market, they have feedbacks as to where the company should work for the better. Thus, by providing such feedbacks to the business plan, the business owner can restructure strategies suitable for current market conditions. You will also keep coming back to the business plan to update and amend wherever necessary. Writing a business plan in Malaysia is never conclusive as time goes by, you may also need expert advice to ensure it remains relevant.

What It Entails

A business plan does not have to be a lengthy thesis-like document. It is your business resume. Hence, it is up to you how you want to write it. It should have the following details but assemble it accordingly.

  • The Business Idea – Create a simple story with a problem and your business idea as a solution. If you are feeling it, you can even add piecemeal information on how you got to this idea.
  • The Team – If you are flying solo for the moment, just put it in. Briefly include all your strength and skills to ensure it is relevant to business success.
  • Market Research – This is where you probably need expert advice and assistance. It is necessary to provide market insight to future investors that you know the market well. Market research will also produce the target market of your product or service offering. Work on it until you get a niche market so that you have a better perspective.
  • Marketing Strategies – When you know your target market niche, you can formulate your marketing strategies. The more concrete your marketing campaign is, the more likely banks or investors will lend you the capital.
  • Financial Matters – Even as a seasoned company, there is always the need to raise capital. By providing a history of your financials and its future projections, an investor can calculate a reasonable return of investment of the business.
  • Various Appendices – This part may consist of any business permits, certifications or clienteles if you want to add in.

Writing a business plan in Malaysia should never be bothersome as it is a vital document for your company’s success. There is no particular format, but if you have no clue what you are planning, try and some expert advice as to how and where the company can go.

Writing a Business Plan in Malaysia

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Business Plan

Business plans are important business documents, best left to business writing experts.

There is this stereotyped impression that a business plan is compiled solely for the purpose of getting corporate financing. In actual fact, a good business plan is also a very useful tool to expand the business and develop new projects.

Pursuant to the types and uses of past business plans, we hereby summarize the different classes of business plans as well as the copywriting services that we provide.

Besides financing, business plans offer the following uses, corporate financing, a business plan is the most important stepping stone to corporate financing.

A remarkable business plan is a critical stepping stone to get loans or investments or to raise funds, whether from a financial institution, corporation, individuals or the public.

A business plan is a vital prerequisite to corporate financing. We have written numerous business plans targeted at financial institutions (such as banks), venture capital companies, government agencies, individual investors in private equity, the general public and so on.

Cross-industry cooperation

How do you venture into cooperation without a sound business plan.

In this scenario, an enterprise that is eying for a business opportunity writes a plan to a related company to seek mutual cooperation opportunities or jointly develop a new project. This is a business plan that seeks active collaboration between two companies.

For instance, Company A, a sand brick factory, has a new business project that can reduce costs and increase profits. It writes and offers a business plan to a cement factory, seeking mutually beneficial collaboration. This constitutes an enterprise-to-enterprise business plan.

Recruitment of Business Partners

Business venture prospectus inspires joining with ease of mind.

A business venture prospectus is the order of the day when a shopping mall wishes to recruit store operators, when a company woos investors to join its business, or when an enterprise wants to recruit agents and so on.

A business venture prospectus represents a business plan written by an enterprise for another enterprise or potential investors, with the primary objective of expanding an existing business and carving a greater market share. A good plan can make the participants more confident in your business model and market, thereby facilitating business venture partnership.

Brand Agent

Posing as the ultimate choice with a business plan.

If a Malaysian enterprise wishes to bring in and become the authorized regional agent or master agent for an overseas brand, product or business, its business plan is the most crucial success factor.

As an example, we have written a business plan for a domestic F&B group that wished to bring in a popular F&B brand from China. The business plan served as an important document for the group to negotiate with the China company for the authorized dealership in Malaysia.

Another example would be a financially strong auto tire dealer who intended to bring in a renowned overseas brand of tire . To become the Malaysian dealer for the overseas brand, a business plan is a prerequisite for acquiring the authorized dealership.

Fundraising for a new business start-up

Raising fund for new business is as easy as one two three with a business plan.

A business plan represents a blueprint for a new business venture as well as business expansion. We have written business plans for some new start-ups to successfully raise funds and kick-start their businesses.

From past experience, we know that a fundraising business plan is primarily written for friends, relatives and classmates of new entrepreneurs. It must be written in a comprehensive, orderly fashion to give potential investors a crystal clear concept of the start-up and, at the same time, mitigate their worries to boost the chance of investment.

Investment Plan

A clear as day business plan makes the investment more attractive.

This refers to the initiative of a company to elucidate the nature of an investment project via a business plan. This type of business plan usually involves two sections—a company profile and an investment plan—for the perusal of general investors.

For example, a farming company that cultivates some highly profitable plants may want to explain the investment plan to investors through a convincing business plan. We have written such business plans before, including those for crop investments, a golden Arowana investment plan etc.

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Professional Business Writing Skills

Develop effective writing techniques to deliver concise, accurate and professional business documentation.

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Course Info

Information is crucial to an organisation and when this information is communicated in writing, the quality of such communications can have a significant impact on business performance and decision making. Effective business writing is concise, accurate, unambiguous, logical and easily understood. This intensive two-day course will help delegates to develop the skills necessary for successful business writing – be it reports, e-mails, letters, minutes of meetings or proposals.

What Will I Learn From This Course?

Write business documents to a professional standard and conforming to acceptable formats, present information in an organised, structured way so as to achieve a specific objective, use a business-like style and vocabulary, while displaying sensitivity to different levels of reader expertise, express ideas with confidence and clarity, supporting persuasive and logical arguments, methodology, course outline for this programme, basic principles of written communication.

  • Clarification of objectives
  • Audience analysis
  • The 5c’s of Writing

Planning To Write

  • What am I trying to accomplish?
  • What is the scope?
  • Overcoming myths about writing

Basic Principles of English Grammar, Usage and Vocabulary

  • Parts of speech
  • Past, Present and Future tenses
  • Use of connectors/linking word
  • Use of precise language –active vs passive
  • Use of appropriate vocabulary in a business setting
  • Use correct punctuation, capitalization, abbreviations, and number formats

Common Problems In Writing

  • Common errors
  • Packaging expressions
  • Unnecessary redundancies
  • Being ambiguous or vague

Techniques for Writing

  • Brainstorming
  • Free Flow Technique

Writing Clear, Concise and Professional e-mails for Impact

  • Improve your ability to communicate via email and ensure your message is understood.
  • Write with your audience’s expectations in mind.
  • Use words and phrases that will improve comprehension and ensure professionalism.
  • Apply techniques to turn negative language into positive language and remove emotion from your writing.
  • Adopt techniques to proof your document for spelling, punctuation and appropriate tone.

Write Minutes Clearly, Concisely and Professionally

  • Recognize the importance of taking minutes clearly, concisely and objectively
  • Develop key minute -taking skills, including listening skills, critical thinking and organization
  • Distinguish relevant from irrelevant points
  • Recognise definite decisions made and actions required
  • Exercise sensitivity in the writing process
  • Develop strategies to deal with jargon and technical language
  • Remedy many of the challenges that beset minute takers
  • Write the different types of minutes and use the appropriate language for them

The Report Writing Process

  • Gathering and sorting material
  • Presenting information for impact
  • Organize the Sections and Component
  • Logical and Sequential
  • Thinking Skills Builder
  • Report Structure, Layout, Format
  • Information (including Data) and Details Required
  • Quality and reliability of Information
  • Presenting information for impact – organize the Sections and Components
  • The Numbering System
  • Content from Existing Documents, Systems and Experts
  • Where the data is best placed
  • Using bullet points and list
  • Tables, charts and illustrations
  • Numbering and captions Using appendices and

Prepare a Polished, Correct Final Draft

  • Drafts to Final Copies – Reviewing, Proofreading and Editing
  • How Good is Your Proofreading?
  • Writing Impressive Conclusions
  • Writing Precise Executive Summaries
  • Checking Writing Effectively for Spelling, Punctuations, Grammar, Structure, Vocabulary,
  • Producing and presenting a clear, concise and effective business document

Mr. Salwin Singh Gill is a Business Communications/Soft-Skills trainer with more than 30 years’ experience in banking, insurance, training as well as teaching/lecturing at institutions of higher learning. He specializes in Interpersonal and Communication Skills, Business Communication, Negotiaton Skills, Professional Business Writing, Technical Report Writing for Engineers, Internal Audit Report Writing and Academic Writing Skills. He also prepares students for the IELTS, MUET and TOEIC certifications together with Cambridge ESOL suite of exams.

He is a Certified Trainer (PSMB/HRDF) and holds a Bachelor of Arts (Hons) in Business Administration (U.K.) together with a Diploma in TESOL from the London Teachers Training College. He is a member of the Society for Editors and Proofreaders (SEPF - U.K.) and the Society for Technical Communications (STC - U.S.) and also consults organizations in areas of documentation design, development and editing/proof-reading.

Salwin has conducted various in-house training and public programmes, both for the corporate and public sector; some of the recent and notable ones being for: Agrobank Bhd, PETRONAS, UEM Bhd, Suruhanjaya Syarikat Malaysia(SSM), Royal Brunei Technical Services, Mitsubishi Motors, Panasonic Malaysia, Majlis Bandaraya Iskandar Puteri, Keretapi Tanah Melayu( KTM), Malaysian Association of Hotels (MAH), Suruhanjaya Pengangkutan Darat Awam (SPAD), Labuan Financial Services Authority, Curtin University - Sarawak, Technip Oil & Gas, KKEB Group Bhd, Johor Port Bhd, SME Bank Bhd, Jabatan Perkhidmatan Awam (JPA) and Malaysian Communications and Multi - Media Commission of Malaysia (MCMC), to name a few.

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Mastering Success: How Expert Business Plan Writers and Pitch Deck Consultants Drive Your Venture Forward

business plan writer malaysia

In the aggressive world of entrepreneurship, having a stable foundation is important for turning an enterprise concept right into a successful mission. One of the important factors in constructing this basis is developing a compelling business plan and pitch deck. These documents no longer best guide your strategic route but additionally function essential equipment for attracting traders. However, crafting those files is no easy venture. This is in which professional business plan writers and pitch deck consultants are available, offering specialised services which can power your venture ahead.

The Role of Business Plan Writers in Your Success

Business plan writers play a pivotal function within the early levels of any task. A business plan is greater than only a record; it’s a blueprint that outlines your enterprise dreams, techniques, marketplace analysis, economic projections, and operational plans. Having a nicely-crafted business plan can make the difference between achievement and failure, especially whilst looking for funding or partnerships.

business plan writer malaysia

1. Strategic Clarity: Expert marketing strategy writers provide strategic clarity by aligning your business dreams with sensible plans. They assist you perceive your target marketplace, apprehend competitive dynamics, and set plausible targets. By making sure that your business plan is comprehensive and clear, these writers make sure that capacity buyers and stakeholders can without difficulty draw close to your imagination and prescient.

2. Financial Expertise: One of the most difficult factors of writing a marketing strategy is the financial section. This is wherein expert marketing strategy writers shine. They possess the economic knowledge to create designated projections, inclusive of income and loss statements, cash go with the flow analyses, and spoil-even analysis. These economic forecasts are essential for convincing investors of your mission’s potential profitability.

3. Tailored Approach: Every business is precise, and so should be its plan. Professional business plan writers customise your plan to mirror your specific industry, marketplace conditions, and business version. This tailored approach now not only enhances the document’s effectiveness but also demonstrates your dedication and expertise of your venture.

The Power of Pitch Deck Consultants

business plan writer malaysia

While a marketing strategy gives the comprehensive details of your commercial enterprise, a pitch deck is designed to make a strong first impression. It’s a concise, visually enticing presentation that highlights the maximum compelling aspects of your business to potential investors. Here’s how pitch deck consultants can raise your pitch:

1. Visual Storytelling: Pitch deck consultants are experts in visible storytelling. They realise the way to distil complicated information into clear, compelling visuals that resonate with buyers. From crafting compelling narratives to designing impactful slides, those consultants make certain your pitch deck tells an effective story that captures attention.

2. Investor-Centric Focus: Investors are often inundated with pitches, so it’s important that your deck sticks out. Pitch deck specialists recognize what investors are searching out and tailor your presentation accordingly. They emphasize key factors like marketplace opportunity, aggressive gain, and scalability, making it simpler for traders to peer the fee on your commercial enterprise.

3. Polished Presentation: A well-polished pitch deck displays the professionalism and seriousness of your assignment. Pitch deck consultants bring a degree of polish and refinement in your presentation that could make a sizable distinction in how it’s far perceived. From the format to the choice of colours and fonts, each element is carefully taken into consideration to create a cohesive and professional influence.

Choosing the Right Business Plan Writers and Pitch Deck Consultants

When deciding on a business plan author or pitch deck representative, it’s vital to pick specialists who understand your industry and might align together with your vision. Here are a few recommendations to guide your choice:

1. Check Their Portfolio: Review the portfolio of capability business plan writers and pitch deck specialists to peer their preceding work. This will provide you with perception into their style, knowledge, and potential to evolve to extraordinary industries.

2. Look for Industry Experience: Experience in your particular industry is a major plus. Business plan writers and pitch deck specialists with industry-particular know-how may have a deeper expertise of marketplace trends, challenges, and investor expectancies.

3. Evaluate Communication Skills: Effective communique is prime while running with marketing strategy writers and pitch deck specialists. Choose experts who are responsive, open to comments, and capable of clearly articulating complicated thoughts.

In the journey of entrepreneurship, having the proper equipment and knowledge can appreciably effect your undertaking’s success. Expert business plan writers and pitch deck experts offer worthwhile services that not only assist you articulate your imaginative and prescient however additionally make a compelling case to buyers. By supplying strategic readability, economic information, and visually engaging presentations, those experts drive your mission ahead, putting you at the route to achievement.

Whether you’re in the early ranges of your startup or looking to scale, making an investment in expert business plan writers and pitch deck consultants is a decision that could pay dividends ultimately. Their expertise can be the catalyst that turns your commercial enterprise idea into a thriving organization.

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Are you a startup founder in Malaysia trying to get your business off its feet? A solid business strategy is one key component that may make or break your success. A skilled business plan writer in Malaysia may be a key partner in guiding you through the complexities of preparing for your company’s development.

Importance of Business Plan Writing Services in Malaysia

A complete company plan is vital for a small business and any entrepreneur. An expert business plan writing service in Malaysia can help you develop a customized strategy that aligns with your objectives. In Malaysia, a business proposal writer is skilled in financial evaluation, strategy planning, and market study. They work with you to understand your company strategy, target market, and competitive environment. They use their knowledge and expertise to turn your concepts into an organized, effective business plan.

Templates, Format, and Layout

You may get a variety of templates and examples from a business plan writer to help you with your planning for business. Create a well-structured document with their help with an executive summary, a marketing plan, a financial plan, and more.

Business Plan Writing Service in Malaysia

Working with a business plan consultant could dramatically boost your likelihood of startup growth in Malaysia. Their proficiency in creating comprehensive strategies specifically suited to the area’s market might give your company an edge. Utilize business plan writers in Malaysia and start your entrepreneurial adventure with comfort.

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7 Business Plan Examples to Inspire Your Own (2024)

Need support creating your business plan? Check out these business plan examples for inspiration.

business plan examples

Any aspiring entrepreneur researching how to start a business will likely be advised to write a business plan. But few resources provide business plan examples to really guide you through writing one of your own.

Here are some real-world and illustrative business plan examples to help you craft your business plan .

7 business plan examples: section by section

The business plan examples in this article follow this template:

  • Executive summary.  An introductory overview of your business.
  • Company description.  A more in-depth and detailed description of your business and why it exists.
  • Market analysis.  Research-based information about the industry and your target market.
  • Products and services.  What you plan to offer in exchange for money.
  • Marketing plan.   The promotional strategy to introduce your business to the world and drive sales.
  • Logistics and operations plan.  Everything that happens in the background to make your business function properly.
  • Financial plan.  A breakdown of your numbers to show what you need to get started as well as to prove viability of profitability.
  • Executive summary

Your  executive summary  is a page that gives a high-level overview of the rest of your business plan. It’s easiest to save this section for last.

In this  free business plan template , the executive summary is four paragraphs and takes a little over half a page:

A four-paragraph long executive summary for a business.

  • Company description

You might repurpose your company description elsewhere, like on your About page, social media profile pages, or other properties that require a boilerplate description of your small business.

Soap brand ORRIS  has a blurb on its About page that could easily be repurposed for the company description section of its business plan.

A company description from the website of soap brand Orris

You can also go more in-depth with your company overview and include the following sections, like in the example for Paw Print Post:

  • Business structure.  This section outlines how you  registered your business —as an  LLC , sole proprietorship, corporation, or other  business type . “Paw Print Post will operate as a sole proprietorship run by the owner, Jane Matthews.”
  • Nature of the business.  “Paw Print Post sells unique, one-of-a-kind digitally printed cards that are customized with a pet’s unique paw prints.”
  • Industry.  “Paw Print Post operates primarily in the pet industry and sells goods that could also be categorized as part of the greeting card industry.”
  • Background information.  “Jane Matthews, the founder of Paw Print Post, has a long history in the pet industry and working with animals, and was recently trained as a graphic designer. She’s combining those two loves to capture a niche in the market: unique greeting cards customized with a pet’s paw prints, without needing to resort to the traditional (and messy) options of casting your pet’s prints in plaster or using pet-safe ink to have them stamp their ‘signature.’”
  • Business objectives.  “Jane will have Paw Print Post ready to launch at the Big Important Pet Expo in Toronto to get the word out among industry players and consumers alike. After two years in business, Jane aims to drive $150,000 in annual revenue from the sale of Paw Print Post’s signature greeting cards and have expanded into two new product categories.”
  • Team.  “Jane Matthews is the sole full-time employee of Paw Print Post but hires contractors as needed to support her workflow and fill gaps in her skill set. Notably, Paw Print Post has a standing contract for five hours a week of virtual assistant support with Virtual Assistants Pro.”

Your  mission statement  may also make an appearance here.  Passionfruit  shares its mission statement on its company website, and it would also work well in its example business plan.

A mission statement example on the website of apparel brand Passionfruit, alongside a picture of woman

  • Market analysis

The market analysis consists of research about supply and demand, your target demographics, industry trends, and the competitive landscape. You might run a SWOT analysis and include that in your business plan. 

Here’s an example  SWOT analysis  for an online tailored-shirt business:

A SWOT analysis table showing strengths, weaknesses, opportunities and threats

You’ll also want to do a  competitive analysis  as part of the market research component of your business plan. This will tell you who you’re up against and give you ideas on how to differentiate your brand. A broad competitive analysis might include:

  • Target customers
  • Unique value add  or what sets their products apart
  • Sales pitch
  • Price points  for products
  • Shipping  policy
  • Products and services

This section of your business plan describes your offerings—which products and services do you sell to your customers? Here’s an example for Paw Print Post:

An example products and services section from a business plan

  • Marketing plan

It’s always a good idea to develop a marketing plan  before you launch your business. Your marketing plan shows how you’ll get the word out about your business, and it’s an essential component of your business plan as well.

The Paw Print Post focuses on four Ps: price, product, promotion, and place. However, you can take a different approach with your marketing plan. Maybe you can pull from your existing  marketing strategy , or maybe you break it down by the different marketing channels. Whatever approach you take, your marketing plan should describe how you intend to promote your business and offerings to potential customers.

  • Logistics and operations plan

The Paw Print Post example considered suppliers, production, facilities, equipment, shipping and fulfillment, and inventory.

Financial plan

The financial plan provides a breakdown of sales, revenue, profit, expenses, and other relevant financial metrics related to funding and profiting from your business.

Ecommerce brand  Nature’s Candy’s financial plan  breaks down predicted revenue, expenses, and net profit in graphs.

A sample bar chart showing business expenses by month

It then dives deeper into the financials to include:

  • Funding needs
  • Projected profit-and-loss statement
  • Projected balance sheet
  • Projected cash-flow statement

You can use this financial plan spreadsheet to build your own financial statements, including income statement, balance sheet, and cash-flow statement.

A sample financial plan spreadsheet

Types of business plans, and what to include for each

A one-page business plan is meant to be high level and easy to understand at a glance. You’ll want to include all of the sections, but make sure they’re truncated and summarized:

  • Executive summary: truncated
  • Market analysis: summarized
  • Products and services: summarized
  • Marketing plan: summarized
  • Logistics and operations plan: summarized
  • Financials: summarized

A startup business plan is for a new business. Typically, these plans are developed and shared to secure  outside funding . As such, there’s a bigger focus on the financials, as well as on other sections that determine viability of your business idea—market research, for example.

  • Market analysis: in-depth
  • Financials: in-depth

Your internal business plan is meant to keep your team on the same page and aligned toward the same goal.

A strategic, or growth, business plan is a bigger picture, more-long-term look at your business. As such, the forecasts tend to look further into the future, and growth and revenue goals may be higher. Essentially, you want to use all the sections you would in a normal business plan and build upon each.

  • Market analysis: comprehensive outlook
  • Products and services: for launch and expansion
  • Marketing plan: comprehensive outlook
  • Logistics and operations plan: comprehensive outlook
  • Financials: comprehensive outlook

Feasibility

Your feasibility business plan is sort of a pre-business plan—many refer to it as simply a feasibility study. This plan essentially lays the groundwork and validates that it’s worth the effort to make a full business plan for your idea. As such, it’s mostly centered around research.

Set yourself up for success as a business owner

Building a good business plan serves as a roadmap you can use for your ecommerce business at launch and as you reach each of your business goals. Business plans create accountability for entrepreneurs and synergy among teams, regardless of your  business model .

Kickstart your ecommerce business and set yourself up for success with an intentional business planning process—and with the sample business plans above to guide your own path.

Business plan examples FAQ

How do i write a simple business plan, what is the best format to write a business plan, what are the 4 key elements of a business plan.

  • Executive summary: A concise overview of the company's mission, goals, target audience, and financial objectives.
  • Business description: A description of the company's purpose, operations, products and services, target markets, and competitive landscape.
  • Market analysis: An analysis of the industry, market trends, potential customers, and competitors.
  • Financial plan: A detailed description of the company's financial forecasts and strategies.

What are the 3 main points of a business plan?

  • Concept: Your concept should explain the purpose of your business and provide an overall summary of what you intend to accomplish.
  • Contents: Your content should include details about the products and services you provide, your target market, and your competition.
  • Cashflow: Your cash flow section should include information about your expected cash inflows and outflows, such as capital investments, operating costs, and revenue projections.

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Writing a Business Plan

Alex Genadinik

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Learn how to write a business plan that would bring you one step closer to realizing your dreams.

Course Description

Revolutionary, new way to write a professional business plan that will help you identify the most effective business strategies for your situation. Take this step to start your business, achieve independence, and become your own boss. Latest course update for 2022: More business plan examples of different businesses across different industries Innovative three-sentence business plan to get you started Take your three-sentence business plan, expand it into a one-page business plan, and then a full and professional business plan Top-ten business planning mistakes and exercises to help you avoid them More details added to the financials section Learn how you can turn yourself into a stronger entrepreneur

Course Outcomes

1.Write your business plan that contains winning business strategies 2.Create a strong business model for businesses like: Local services, freelancing, eCommerce, affiliate, self-branded businesses, and innovative start-ups 3.Step-by-step walkthroughs for writing each section of a business plan 4.Evaluate your target market: Is it big enough? Is it lucrative enough? 5.Identify the most effective monetization strategy for your business 6.Master business planning concepts like cash flow statement, lifetime customer value, and unit economics 7.Save money by not having to hire a business plan consultant or buying business plan templates

Course Curriculum

Course 1 20 lectures.

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How to write a business plan

Writing a business plan will help nail down your idea and give you a blueprint for executing it.

A person at a desk in their workshop writing a business plan.

What is a business plan?

A business plan describes your product or service, identifies who the customer is, explains why they need your product or service, and shows how you’ll make money from that opportunity.

Why write a business plan

How you write a business plan will depend on what you need it to do. There are a couple of key jobs a business plan can have. It can:

  • explain a business idea
  • convince lenders or investors to put money behind that business idea

It doesn’t take a book to do the first job. You can write a business plan that’s short, to the point, and easy to update. That may be all you ever need. But if you’re going for funding, your business plan will need to be a good deal longer and more comprehensive.

Why every business should start with a one-pager

Even if you will eventually write a long business plan, a one-pager is a great place to start. It could take as little as an hour to do your first draft and will make your idea stronger. Writing about customers, competitors, income and expenses will help develop your thinking.

How to write a one-page business plan

You’ll see in the example below that there are nine sections, or things to write about. So give yourself just a small space to write about each. Keeping it short will help you focus on what’s important.

Download a one-page business plan template.

When you need a longer business plan

The greater the risk you’re taking, the more comprehensive your plan should be. For instance, you’ll need to write a long-form business plan if you’re going to fund it with other people’s money. Banks and investors will expect it.

How to write a longer business plan

Long-form business plans touch on all the same things as a one-pager, but they go into more detail and contain fewer assumptions.

Back-of-the-napkin numbers are replaced by forecasts and budgets. And guesstimates for things like costs, market size, customer preferences, and competitor weaknesses need to be backed up with proof. It’s a good idea to involve an accountant or bookkeeper in developing the budgeting and finance sections.

Contents of a business plan:

  • Executive summary: A short summary of the main points of your business plan. Write it last.
  • Company overview: Identify your industry, what you’re selling, and how you’ll charge.
  • Products or services: Include a description of the problem you’re solving for customers.
  • Market analysis: Describe your target market, and examine the competition.
  • Risk assessment: Flag potential hurdles (including assumptions that could be proved wrong).
  • Marketing and sales plan: How will you find customers and make sales? How many sales will there be?
  • Milestones: What needs to happen and when?
  • Progress reporting: When and how will you report against the milestones?
  • Team: Who will be involved in the business? Note their skills and responsibilities.
  • Budget: Estimate your costs and income (and any debt that you plan to take on).
  • Finance: Show how you’ll fund the business.

You can also add an appendix with any supporting or background documents.

Make a start by downloading our free business plan template.

How not to write a business plan

Avoid these common business planning mistakes:

  • Underestimating how much money it will take to get started
  • Failing to budget for the first few months of operation (before revenues start flowing)
  • Expecting sales to ramp up too fast
  • Relying too heavily on one or two customers (or suppliers)
  • Not including contingencies for unexpected delays or costs

Xero does not provide accounting, tax, business or legal advice. This guide has been provided for information purposes only. You should consult your own professional advisors for advice directly relating to your business or before taking action in relation to any of the content provided.

How to start a business

Thousands of new businesses open every day. If all those people can do it, why not you? Here’s what to do, and when.

Your business idea is clearly inspired. But it helps to check you’re not the only one who thinks so.

It’s time to run some numbers on your business idea. Budgeting and forecasting help with that.

Your prices can influence the number of sales you make and the profit you earn on each transaction.

Your business structure can affect how much tax you pay, and how you're treated by the law.

If you’re starting a business, then you’ll need to get familiar with some accounting basics.

After all the excitement of deciding to start a business, you’ll have some paperwork to do.

Treat your website like an online version of a storefront. It’s the first impression for many customers and prospects.

Now that you’re in business, you want to stay there. Xero’s got resources and solutions to help.

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A business plan is essential for reaching financial success. Download our business plan template and use it to help you achieve your goals.

business plan writer malaysia

Whether you’re starting a business or planning to expand, having a business plan can help to get you on track and get some detail behind your ideas.

However, research from Barclays shows that one in four businesses don’t have a business plan. So what are the advantages of business planning and how could it help your business to succeed?

What is a business plan?

There are numerous reasons why you might want to start a business.

You might have a great idea. Perhaps you’ve always wanted to run your own company. Or maybe you’ve been made redundant – perhaps due to the coronavirus (COVID-19) outbreak – and you’re ready to take the leap to entrepreneurship.

But for your business to be a success, your passion, enthusiasm, hard work and skills should be built on a practical framework. And that’s the case whether it’s a new business or an existing one.

This is where your business plan comes in.

A key part of that practical framework, a business plan is a document that maps out the purpose of your company, what it does and its strategic goals, among other things.

Creating a business plan for your company will guide you in defining your unique selling proposition (USP), and give you clarity of the marketplace you wish to operate in and the competition your business will be up against.

You’ll use your business plan to work towards a series of milestones that will help you to grow your company.

But your business plan shouldn’t be a static document – you should update it regularly as your company evolves, so you can ensure things are moving in the right direction.

Benefits of writing a business plan

Jennifer O’Toole, Senior Partner at accountancy firm Thomas R Dixon, says: “A business plan is like a flight path. It lets you know where you want to go, what you want to achieve, what you have in order to achieve your goals and probably most importantly what problems you can expect along the way.

“Being able to identify potential threats, problem areas that could affect the business, and to be able to develop coping strategies in a proactive manner rather than in a reactive stance, is key to business survival.”

It’s also a great way to share information about your business, to develop your thinking and test scenarios before you make any changes (like leaving your job and going it alone), and it gives you a way to measure how things go when you do start up.

And if you’re looking for finance, then a business plan can make a difference. Rebecca McNeil, MD for Business Lending and Enterprise at Barclays, says: “A strong plan can help applications for finance from a business loan to alternative forms of finance and investment.”

Reasons people skip business planning

If it’s so helpful, why don’t more people choose to have one? Here are some of the common challenges:

  • Time.  If you’ve thought through your business, it shouldn’t take long to create your business plan. Keep it short and simple and choose a format that works for you.
  • Uncertainty. It’s true that you can’t know what will happen until you start a business but a plan can help you spot potential pitfalls and helps you to understand the finances behind your idea. Read our advice on ways to get more accurate figures in your business plan.
  • Lack of agility. Some people think business planning stops businesses evolving, but a good business plan should be current and adapt as you test and learn. It needs to be part of the business, not left in a drawer.

The best format for your business plan

Many people assume that a business plan will be a hefty document containing lots of facts and figures, but it doesn’t have to be. The key thing is to choose a format that will work for you and your business. That would be:

  • One you’ll use.  Something that can become part of your day-to-day business rather than something you’ll never refer to. Have your business plan on the wall as a manifesto or mind map, make a presentation or create a visual guide – whatever works for you.
  • One that makes it simple to express your views. If you’re a writer, you may be happy with a document, a designer might like a more visual medium. Your business plan should excite and inspire, so pick a format that lets you do that.
  • One that’s shareable.  A business plan will be seen by lots of people, from your bank manager and accountant to prospective investors or employees, so pick a format that makes it easy to share.

What to include in your business plan

What should a business plan include? Every plan is likely to be different but there are some common pieces of information that are often included:

  • An overview of the business.  What does it do and what makes it different?
  • Goals.  What does the business want to achieve? This should set some SMART objectives that will quickly show if the business is succeeding.
  • Your audience and the market.  Who will your business supply and how will it reach them? How big is the market and who are your key competitors?
  • Products and pricing.  What will you be selling and how will your prices be set? How does this compare with your competitors?
  • Who is involved.  Many investors say they invest as much in the people as they do in the business. Share some information about people’s roles, experience and passions.
  • Financials.  Provide details about sales, costs, break-even points and where investment will come from. If you’re looking for people to invest, you should include information about likely returns. If you’re looking for ways to finance your business, crowdfunding, alternative finance and government funding are a good place to start.

Some business plans will include other sections, like a SWOT analysis or a full marketing plan. You might find these useful for your business, so feel free to include them too if you wish.

How to use it

Many business owners invest time in producing a business plan and then never look at it again. While it’s valuable to get your ideas clarified and to test your thinking before you launch your business, it’s even better if it’s embedded into your day-to-day business too.

As O’Toole says: “Business planning is a continuous process – from the initial start up any business to stage two of developing and growth of existing sales and developing new income streams.

“As established businesses mature and diversify, business planning continues to play a fundamental role in ensuring that the company’s long-term strategies are being met.”

Here are some ways your business plan can work for you:

  • Take the sales, cash flow and expense predictions and measure them against your actual figures. This helps you spot whether you’re on track and if things need to be revised.
  • Revisit your goals every month to see how you’re progressing.
  • Keep updating it to include customer input and quotes. Real feedback is essential for keeping a business on track.
  • Revisit it once a year to see if changes to the market, technology or competition has had an impact. Businesses need to continue to evolve to survive in the longer term.

Where to get help with your business plan

Sometimes you’ll need additional information to pull together your plan. You could:

  • Speak to your accountant. They don’t just help you with financials or accounting software , they can also offer advice about planning your business.
  • Talk to your bank . Many have small business experts who can help.
  • Use business planning templates. Our free, easy-to-follow Word template will help to make the process easier.

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Running a business is exciting, especially as it begins to grow. There are currently more than 907,000 small and medium companies in Malaysia across all sectors, and a lot of these have seen growth in the first quarter of 2018 alone. For example, retail sectors have grown by 7.6% from January. However, without robust strategic planning in […]

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Are You A Freelance Writer in Malaysia? Here’s The Business Side of It

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Table of Contents

Being a freelance writer in Malaysia was not something I planned. Yet, somehow, here I am, making ends meet with nothing more than my laptop, internet access, and some brainpower.

This isn’t an article about how to write well (refer to The Beginner’s Guide to Writing Good Articles (for Power, Profit and Pleasure) for that), but I do want to talk about the business side of it: the income and expenses side, the business setup and accounting and all that. After searching online, I realised there aren’t many resources for Malaysian freelance writers.

So I made one. If you are a freelance writer in Malaysia, either doing it as full-time work or as a side income , here are some finance-related information about incomes and expenses that you should know about. I’ve divided the article into 5 sections:

  • Part 1: How much can you make as a freelance writer in Malaysia (including how to set your rates)
  • Part 2: Where to find clients
  • Part 3: What you need to start working as a freelance writer
  • Part 4: Business setup and accounting, and
  • Part 5: How my freelance writing journey looked like

Let’s start.

Part 1: How much can you make as a freelance writer in Malaysia?

Honestly, your income will be somewhat tied to how financially strapped you are when you first start out. If you are in need of fast cash, you will tend to accept lower-paying jobs. I’ve seen content mills paying as low as $1 per article!

If you can afford to wait it out while you look and apply for other jobs, chances are you’ll come across better-paying clients.

How much do Malaysian freelance writers charge for an article?

I asked around in the Malaysian Writers Facebook page to get an idea of typical payment. They said that they earn:

  • Person A – RM250-RM850 per article (between 600-1700 words)
  • Person B – USD5 per 400 words via Fiverr
  • Person C – RM50 upwards
  • Person D – RM1000 per magazine article
  • Person E – RM1 per word for magazine article (looking for 2000 words)

As you can see, the range is quite wide. This is why I said your income is somewhat tied to your financial situation. As you get more established, you might increase your rates.

The good thing about freelance writing as a career is that you’re not limited to Malaysian employers. I’ve completed jobs just via emails before – the clients didn’t care about my nationality or timezone, just my ability to complete the work well and on time. I get paid in USD, too.

How much should YOU charge?

I wrote an entire article about this: check out the 5 Methods to Figure Out How Much to Charge Clients article

Part 2: Where freelance writer in Malaysia can find paying clients

You can find jobs from these three places

#1 – Freelancing platforms

Personally, I started with Upwork (other similar websites: Freelancer,   Fiverr  (note: referral link). These websites connect freelancers with potential clients.

Note: It’s very easy to get discouraged by the competition – an article-writing job might attract hundreds of USD1 bids from freelancers (many from India, Philippines). Apply with your usual rates anyway, and make sure you focus on the quality of work you can deliver. One writer earns USD100+ per hour from Upwork – find her tips here .

#2 – Writing job boards

They’re easy enough to google, so go ahead and find one ( like the freelance writer resources in this page ). Companies pay a fee to post an advert, give details about the work, and invite writers to apply. Send them an email containing an introduction about yourself, samples of your work, and how you can help them.

For the love of God DO NOT send them emails like ‘Hi I’m interested in this job’ with no examples or introduction – that’s amateurish and will probably get you zero replies!

#3 – Networking and Outreach

This is how I get most of my clients. Some of them found me on this website, some found me on chatting groups, some by word of mouth. Network around and keep telling people you do freelance writing. A pleasant personality helps. You don’t have to be an extroverted social butterfly – networking online counts, too.

For more tips and tricks, read  Make A Living Writing . It’s a great resource for everything related to making money as a freelance writer. Read also my guide –  How to Get Clients: A Guide for Malaysian Freelancers .

Note : Some clients may bully you into late, or even no payment. Here are my tips to get great clients who pay & treat me well

Part 3: What do freelance writers need to start?

You can be a freelance writer in Malaysia with just the basics (see basic expenses below), although it’s recommended to invest a bit more in professionalism (see professional expenses below). In addition, you need to know the business and accounting side of it, because you ARE running a business.

Basic expenses

  • Laptop + internet access
  • Phone + phone plan
  • A comfortable space where you can write without interruptions
  • Notebook and stationery
  • Dining, transportation and meeting cost for face-to-face interviews or events

Professional expenses

  • Website hosting for your online writer portfolio
  • Website template + extra paid plugins
  • Proofreading software
  • Writing and SEO tools
  • Access to further literature
  • Online graphic design services
  • Stock photography (if you can’t find royalty-free ones)
  • Registered company
  • Advertising/Marketing
  • Paid help, if any

Part 4: Business setup, accounting and freelance invoice template

Setting up a company.

After you’ve done 3 or so jobs and decided to continue freelance writing work, I highly recommend you to set up a company. You can register as  sole proprietorship  (RM60 registration cost – easiest to start with this) or  Limited Liability Partnership (RM500+ registration cost). 

Aside from looking professional to potential clients and increasing the likelihood of them hiring you, the great thing about setting up a company is you can claim some expenses as business expenses, thus reducing your payable tax amount.

Some of the things you can claim are:

  • Office expense (hardware, software, furniture, ect for work)
  • Telecommunications for work purposes
  • Toll/parking/petrol for work purposes
  • Vehicle maintenance
  • Gifts to clients, meals & entertainment for clients (max 50%, apparently)
  • Utilities (also max 50%, as far as I know)

This page has a list of other things you may be able to claim as business expenses, as a freelance writer in Malaysia.

DISCLAIMER: I am not a tax agent. I have engaged the services of an accountant and gotten advice from tax professionals, but this is based on my specific situation which may be different to yours. Please engage the services of an accountant in your own tax payment.

Having a registered business is also quite handy for receiving government grants and help, where available. As of time of writing, I received ~RM6500 from Geran Khas Prihatin , the government cash assistance for small businesses in Malaysia (applications are currently closed but follow my social media for updates).

Accounting and invoice template

For simple, uncomplicated businesses, I recommend BlogJunkie’s Simple Accounting System for Freelancing Business guide, which includes freelance invoice templates and bookkeeping tips.

Part 5: How did I personally start freelance writing in Malaysia?

I’m not saying this is the correct way, and it’s probably not the most efficient way either, but this was how I established myself as a freelance writer, during the beginning and getting-the-hang-of-it stages:

Beginning stage

I joined freelancing platforms. Was on Upwork for a few months. Cashed out ~USD500 for various work.

At the same time, I submitted articles to websites (non-paid) . Submitted to Vulcan Post and The Financial Diet. I just wanted some work published online on high-authority sites, so I can use them as work samples – potential clients tend to be impressed with this.

Created Ringgit Oh Ringgit.  I didn’t expect RoR to help my freelance writing career, but it did. If you have time (and money) to spare, I suggest you make a website to attract clients (instead of you chasing them). For info, see my  The Exact Steps I Use to Earn Money from Blogging guide.

Applied for as many writing jobs as I can from the freelancing platforms and job boards I mentioned. I learn how to sell myself better from this step.

Accepted full-time remote work which allows for extra time to freelance.  I like stability, so I like having a steady income stream. It helps to counter the times of the year when work is scarce.

If I were to do it again, I would take the How to Become a Freelance Writer (in 60 Days) course  by Aisha of  OutandBeyond.com ; $45 (~RM200). The course includes:

  • 110+ page ebook
  • Pitching templates (I spent years learning this)
  • SEO training (this is the moneymaker guys. Everyone can write but not everyone can optimise for search engine)
  • writing opportunities,

business plan writer malaysia

Getting-the-hang-of-it stage

Network like heck. Networking is just being consistent at telling everyone you meet that you do freelance writing (but obviously don’t be spammy).

Optimise everything that can be optimised .  I created and automated social media (I have a Facebook page and Twitter ), made tweaks to increase user experience on RoR website, and created blog posts that help me reach more audiences. In addition, I paid for advertising, virtual assistance and a better website theme, among others.

Increase rates regularly. At one point, I had way too much work and did not manage to deliver the same quality. Instead of getting less work (and earning less), I simply raised my rates.

This is good for 3 reasons:

  • (1) it helps you to keep a reasonable workload without overworking yourself (burnout is a thing),
  • (2) you can pass on some work to other writers, which helps them make money too, and
  • (3) higher rates imply higher quality

Picking a niche (specialisation). In my experience, most people start off being a freelance writer, then later ‘niche down’ and select a specialisation. For example, you could call yourself:

  • Freelance translator
  • Freelance editor
  • Freelance copywriter for websites
  • Freelance proofreader
  • Freelance resume-writer
  • Freelance academic writer
  • Freelance article writer
  • Freelance social media copywriter
  • Freelance script writer
  • Freelance grant writer
  • Freelance ghostwriter
  • Freelance ebook writer
  • Freelance whitepaper writer

A great way to command high rates is to niche down further and specialise in specific industries, like beauty, health, legal and so on. For example,

  • English-Spanish translator specialising in medical industry
  • Grant writers specialising in government proposals
  • Speech writers for politicians
  • Whitepaper writer specialising in crypto and blockchain industry
  • You get the gist 🙂

The interesting thing is you can also transition into selling your own services. Personally, I niched down to personal finance, and later worked on my personal branding and focused on publishing content on this website ringgitohringgit.com.

Again, I’m not saying you should follow or expect these steps. These were just my personal experience when I first started out. Be efficient; learn from my mistakes 🙂

Shoutout to Zoe  (professional article writer) and Jasveena  (professional academic editor), two Malaysian freelance writers for providing helpful information on this page! Click their links to engage their services.

Are there any more useful information about being a freelance writer in Malaysia that we should know about? Comment, FB, or tweet me at @surayaror!

As always, please share if you find this useful!

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16 Comments

May I know if rm25 per article of 300-1000 words in interior design blogging (both research-based and opinion-based) considered low?

Hey Fala. Yes that is way too low. Assuming it takes you 5 hours or half a day for research, writing, editing and proofreading, that’s just RM5 per hour.

What would be the average rate for that, for a non-experienced writer?

Sorry I missed this!

There’s no such thing as ‘average rates’. Sorry for being vague, but it really depends whether you get a client with high budget or a client with low budget.

Here’s some info about getting clients: https://ringgitohringgit.com/how-to-get-clients/

I also got problem when started as a freelancer. Thank you for this informative content!

You’re welcome and all the best!

Hi need some advice on what or how to charge for social media postings and brochures

I think you’ll like this ‘how to charge clients’ article of mine 🙂 https://ringgitohringgit.com/how-to-charge-clients/

All the best!

Generally, for business writing, the rate is around 50 sen a word. If you are lucky, can get 60 sen a word. For technical writing (e.g. medical, engineering), can be higher, like 70-80 sen a word. For company profiles, I usually charge RM200 per page (there’ll be around 300 words per page). It helps to find out early if the client already has a budget, and decide if this budget is acceptable.

Thanks for sharing your experience here, Hui Min!

Interesting. Very interesting. An eye-opener as well as a mind-opener too. Thanks Suraya.

Thanks Nadia for the kind words 🙂 All the best to you!

Hi, From your article, can I know what skills or certification you had prior to starting out as a writer? Do you think writing or copywriting requires a degree or even coding, graphic designing skills?

I’m a comms major, and studied up until Masters in Corporate Communications. The certs help, but you certainly don’t need it. You can also combine skills ie writer specialising in coding-related articles (that would make good money actually!)

I can recommend browsing through https://www.makealivingwriting.com/ – they have lots of resources for people who want to make a living from writing

Thanks, I enjoyed reading the article. I like how you break down the professional expense and treat it like a business. Essentially, that becomes your “product”.

Exactly, you worded that perfectly 🙂 P/s – cool website you have there!

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