The implementation of GST in 2015 resulted in both the good and bad. While some businesses welcomed the move, there were also many businesses that were badly affected. In tandem with the rising costs of expenses, frugality became a focal point of Malaysian locals.
As such, business owners felt wary of their stability, particularly due to a lowering of consumer purchasing power. Many felt as if closing was the most viable option.
While signs of better times are on the horizon, the opportunity costs for businesses that are or have been suffering seems risky.
If you are a small business owner who is thinking of shutting down, here are some tips you can take to save your dying business!
1. Assess Your Situation Truthfully
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