Overcoming Fear in Doing Business Overcoming Fear in Doing Business

PETALING JAYA: Having the courage to be successful in business is not about being brave – it's about being afraid, but doing it anyway. That was the message from A Cut Above founder Winnie Loo.

"A lot of people in business are afraid. But if you don't try or attempt it, you will never know. If you don't explore, how will you know that you will fail?

"So many times in life, we wrong ourselves," she said at the Star Business Awards (SOBA) 2014 Learning Series workshop at Menara Star.

BDO Malaysia executive director Mok Chew Yin, who also spoke at the workshop, provided insight to participants on the goods and services tax (GST), which will take effect from April 1 next year.


He noted that many businesses are still unprepared for GST, which will impose a rate of 6% on selected goods and services.

"Among the ways for businesses to gear up for GST is to have a project coordinator, training for identified management and staff, as well as ensuring customers and suppliers are well informed," he said.

The workshop is open to the public from various organisations, mainly from up-and-coming non-listed local companies and small-and-medium enterprises, who are keen to pick up tips to take their business to the next level.

The SOBA Learning Series aims to drive excellence and success among entrepreneurs, enrich the knowledge and sharpen the business acumen of the working force, and offer participants the opportunity for business and social networking.

The next workshops will be held in The Star's Ipoh office and in Malacca on Aug 7 and 14 respectively.

The SOBA awards this year has seven Top-Of-The Class Awards categories: Best in Marketing, Best Brand, Best in CSR, Best Green Initiative, Best Employer, Best Innovation and Best Global Market. The three Outstanding Achievement Awards are Rising Star, Entrepreneur of the Year and Malaysian Business of the Year.

For the Top-of-the-Class Awards, Platinum winners will receive RM100,000 worth of editorial publicity, Gold winners RM70,000 of editorial publicity and Silver winners RM35,000 of editorial publicity.

In the Outstanding Achievement Awards category, the grand winners will be awarded RM150,000 worth of editorial publicity.

Participation is open to all local enterprises that are not part of a multinational group or listed group, incorporated in Malaysia with foreign equity not exceeding 50%. For more information on the awards, call The Star Events Dept at 03-7967 1388 ext 1240 (Melissa)/1475 (Pei Wen) or visit www.soba.com.my.