Franchising has always been seen favourably by the Malaysian and Singaporean Governments.
In Malaysia, the franchise industry is mainly governed by the Franchise Act 1998 ("Act") which incorporates amendments in the Franchise (Amendment) Act 2012. In general, a franchise refers to an agreement where the Franchisor grants a prospective Franchisee the right to use its company trademark and to operate its business in accordance to the Franchisor's franchise system for an agreed upon fee.
THE BUSINESS OF MOVING – A LOGISTICS FRANCHISE
Logistics has always been big business. As a civilisation, we rely upon the transportation of physical goods from one place to another to function. The price we pay for that mobility can therefore make an individual or corporation very rich.
The scope in the transport and logistics industry is varied – from a one-man show using a small truck to transport goods and offer services, to an immense fleet of transport vehicles which traverse the world over.
Road transportation includes commuter transport from taxis to bus transportation.
Air transport involves aircraft carriers for goods, international freight or even people headed to remote territory. Marine shipping is transportation by boat. It can be a great business with great rewards, although the costs of starting one up can be high.
It can be a daunting industry and a lot of unforeseen events can happen without notice. A person would need to be great at coordinating and scheduling to manage the goods going in and out.
They would therefore need to be prepared for a lot of research, planning and a hefty amount of start-up costs. As a person operating a logistics company, they would also need to be familiar with the INCOTERMS 2010 – a set of internationally defined transportation terms relating to the transport of goods and international commerce law – as well.
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Denne historien er fra March 2017-utgaven av SME Magazine Singapore.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Cloud- Driven Recovery
With digital transformation being an important catalyst for Malaysia’s inclusive economic recovery, cloud computing plays an important role that enables . the country to acquire the advantages that technology offers.
Live Werkz: Venturing Beyond Southeast Asia
Being forward-looking in its approach has enabled LiveWerkz Pte Ltd to survive the Covid-19 pandemic, says vice president Tricia Ng. Despite being a Singaporean company, the company does not focus its efforts in the Southeast Asia region. Instead, Greater China and the Middle East become the foundation for its businesses. Ng tells SME the company’s strategies in facing a challenging future.
Singapore's Go Digital Well Received
More than 78,000 of Singapore’s SMEs have participated in the country’s Go Digital programme since its 2017 launch, with more about 40,000 becoming participants last year, including 30,000 that received Covid-19 incentives from the government.
Accountants And SMEs: Creating A Sustainable World
For SME finance professionals, ‘sustainability’ is about achieving longevity. However, there is a confusion over different definitions of sustainability. They recognise the growing importance of tackling sustainability issues but lack the understanding of how doing this can be integrated into day-to-day practices within the finance function.
Rebuilding Our Mental Well-Being In Sales
Sue Barrett is a writer, training provider and entrepreneur who founded Barrett in 1995 to positively transform the culture, capability and continuous learning of leaders, teams and businesses.
Omicron: A Test Of Resilence
Global manufacturers have been facing a supply chain crisis since the start of the year. Just as it appeared that the situation was beginning to stabilise, the Omicron Covid variant reared its ugly head.
Silver Lining In The Cloud
Although RAS Security Pte Ltd’s business was adversely affected by the pandemic, there’s a silver lining in the cloud. The occurrence has necessitated the company to innovate its business model to remain viable and led to the discovery of new areas of security service provision. Managing director Tejdeep Singh shares his journey.
Accelerating Artificial Intelligence
Singapore is introducing two new public artificial intelligence (AI) programmes as part of the strategy to use technology for social and economic good, involving a total allocation of S$680 million to accelerate AI research. The latest initiatives require a funding of S$180 million.
Three Tips For Hiring Top Talents
BIG EGOS LOSE TALENTS First up, when it comes to hiring, you must put aside your ego.
The Economy Is Recovering, But What About People?
All signs are pointing towards a speedy recovery. Contrary to what this writer initially predicted, the economy seems to be genuinely recovering.
