University graduates have been urged to venture into franchise businesses on a small scale for a start to gain experience before progressing further.
Ministry of Domestic Trade, Cooperatives and Consumerism (KPDNKK) Deputy Secretary General, Datuk Basaruddin Sadali said the franchise business was among those comprising various stages and differing capital base.
"As such, I would encourage graduates to participate in related programmes such as Business Transformation organised by Perbadanan Nasional Bhd (PNB) which gives entrepreneurs an opportunity to retail easily saleable products," he added.
He told reporters this after officiating the one-day seminar on Franchise Exposure, Graduates Franchise Programme (PFS) 2016 here today.
He said through the PFS, participants would be placed in 17 franchise companies such as Nelson and Smart Readers, to be coached and upon completion of their training, offered an opportunity to work or undertake a franchise.
PNB also offers loans of up to 70 per cent of the business model to those ken on a starting a franchise business.
"Since 2004, we have offered loans to more than 2,000 franchisees, from as low as RM3,000 to RM25,000 and a majority are those from the franchise field of food and beverages, apart from services and education," he added.
The PFS is being organised for the third time since its launch in 2014 and undertaken by KPDNKK and the Franchise Association Malaysia, with the aim of exposing graduates to the concept of the franchise business.
Basaruddin said after two years of the programme being implemented, a few examples of success have emerged among universities.
Universiti Utara Malaysia for one has opened a drinks kiosk business on its campus, with plans to expand to all other local universities.
"At the same time, Universiti Malaysia also started a food business called FoodBox on its campus in February," he added.
Bernama
Mon May 16 2016
BASARUDDIN: PNB also offers loans of up to 70 per cent of the business model to those ken on a starting a franchise business. - File Photo
Tesla mula jual robot Optimus menjelang akhir tahun depan - Elon Musk
Beberapa syarikat telah mempertaruhkan robot humanoid untuk penuhi potensi kekurangan tenaga kerja dan melaksanakan tugas berulang.
Cedera terkena letupan, padah tendang bendera Palestin
Letupan kuat dan asap tebal memenuhi lokasi tersebut sejurus dia menendang bendera Palestin yang dipasang di tengah kawasan padang rumput.
AWANI Pagi: Berita tumpuan & menarik di astroawani.com [24 April 2024]
Antara fokus Awani Pagi bersama Geegee Ahmad & Azib Zikry;
Nahas helikopter Lumut: ATM, TLDM tubuh Lembaga Siasatan
Freedom Flotilla to Gaza: Misi sekali lagi ditangguhkan
Hafizul terlibat kes tembak KLIA akan didakwa hari ini
Nahas helikopter Lumut: ATM, TLDM tubuh Lembaga Siasatan
Freedom Flotilla to Gaza: Misi sekali lagi ditangguhkan
Hafizul terlibat kes tembak KLIA akan didakwa hari ini
Azerbaijan minta ICJ teruskan kes terhadap Armenia
Ia adalah salah satu daripada dua kes yang dilakukan oleh musuh negara jiran selama berdekad-dekad konflik etnik sesama mereka.
Fahami pasaran sebelum perjalanan pemula niaga adalah penting - Pengasas
Peralihan daripada usahawan solo kepada ketua yang boleh membina dan meneraju pasukan juga penting.
AWANI Ringkas: Bedah siasat 10 mangsa dijangka selesai hari ini
Ikuti rangkuman berita utama yang menjadi tumpuan sepanjang hari di Astro AWANI menerusi AWANI Ringkas.
'Laporan kubur besar Gaza membimbangkan' - Jurucakap AS
Pekerja kesihatan Gaza menemui sekurang-kurangnya 283 mayat dalam satu kubur besar di Hospital Nasser di bandar selatan Khan Younis.
PETRA di landasan tepat capai 98 peratus liputan air bersih, pembentungan di luar bandar
Kementerian Peralihan Tenaga dan Transformasi Air (PETRA) berada di landasan tepat untuk mencapai 98 peratus liputan air bersih dan pembetungan di kawasan luar bandar menjelang akhir 2025.
Misi sekali lagi ditangguhkan, dijangka berlepas pada Jumaat
Misi Break the Siege of Gaza Freedom Flotilla yang dijadualkan memulakan pelayaran pada 24 April 2024 (Rabu) sekali lagi ditangguhkan ke 26 April 2024 (Jumaat).
Hafizul terlibat kes tembak KLIA akan didakwa hari ini
Suspek yang melepaskan tembakan di Balai Ketibaan Lapangan Terbang Antarabangsa Kuala Lumpur (KLIA) Terminal 1, Sepang, pada 14 April lalu akan didakwa di Mahkamah Kota Bharu pada Rabu.
KPDNKK laksanakan 3.5 juta pemeriksaan Ops Catut seluruh negara
KPDNKK melaksanakan 3.5 juta pemeriksaan ke atas syarikat pembekal di seluruh negara tahun ini.