Brunei’s Marriage Statistics

I was reading some business plans at livewire, and found one about wedding planner, they had reference an interesting statistics on Muslim Marriage in Brunei. The statistic is available online at http://www.mms.gov.bn/malay/images/stories/pdf/PPPR/stat_pppr_2001_2010.pdf
below is a copy of it on this website.
stat_pppr_2001_2010 – Marriage by year vs District
Now looking at the statistic, there is an annual average of 2000 marriages per year, where about 75% of them occur in the Brunei-Muara District.
I found this statistic interesting, because it reflects on the Wedding Industry.
That means that for an annual of 2000 weddings per year,
there are about 2000/50=40 weddings per week.
or about 2000/12=160 per month
So for wedding related businesses this seems to be a small market.
Business such as photographers, caterers, Pelamin providers, etc can only do at maximum 1 per week or 4 times a month. that means there’s only market for 40 wedding service providers in Brunei. 80 if they all work at 50% capacity (or only twice a month), or 160 if they only do once a month.

I haven’t done a research on the actual number of the wedding service providers, but it does seem that Brunei has more supplier than demand in the wedding industry. This is probably why good wedding photographers charge high. Amateur photographers who charge less will push themselves out of the market as they may not be able to sustain themselves. Of course this is assuming that the photographers only cater to the local market and do not spread over outside of Brunei.

Asia Pacific Entrepreneurship Awards 2010

23 June 2010, Wednesday night – The Asia Pacific Entrepreneurship Awards (APEA) 2010 for Brunei was held at the Grand Hall of Empire Hotel Resort.

The Special Achievement Awards Category were:

  • Woman Entrepreneur of the Year – Hjh Khadijah Binti Mohamed of Megamas Training Company Sdn. Bhd.
  • Young Entrepreneur of The Year – Haji Mohammad Rahimin of Rafiqun IT Services (RITS)

The Outstanding Entrepreneur Awards were:

  • Haslina Taib – CEO of BAG Networks Sdn Bhd
  • Danny Chua – Director of Brunei Transporting Company
  • Dato Paduka Hj Abdul Razak Bin Hj Muhammad – Executive Chairman of CIC Enviromental Services Sdb Bhd
  • Haji Mahmud Bin Haji Mohamed – Managing Director of Darussalam Holdings Sdn Bhd
  • Ambrose Nathan – General Manager of G4S Security Services Sdn Bhd
  • Francis Lau Choo Yew – Managing Director of LCY Development Sdn Bhd.
  • Mohamed Zackiriah Nazeer Ahamed – Managing Proprietor of Nazmi Textile Mall
  • Haji Hambali Awang Tengah – Managing Director of Perusahaan Al-Mizan
  • Wong Nyen Fook – Director of Supercrete Sdn Bhd
  • Jeremy Tan Kai Teck – Managing Director of TLT Entreprise

The Most Promising Entrepreneur Awards Were:

  • Lim Biaw Kwei – Director, Finance & Admin of A-Fontane Company
  • Haji Awang Bin Hj Mohd Daud – CEO o HAHD Engineering & Associates
  • Hajah Rafiah Haji Momin – Managing Director of HRD Services
  • Norhana Haji Abdullah – Managing Director of Primeart Sdn Bhd
  • Tsia Boon Hua, Richard – General Manager of Schindler Liftec Sdn Bhd
  • Jessi Chin Lee Jin – Sole-Proprietor of Tchung Real Estate
  • Chiong Siong Khai – Director of Teca (B) Sdn Bhd

Asia Responsible Entrepreneurship Awards:

  • LiveWIRE Brunei Sdn Bhd
  • Brunei Shell Petroleum Company Sdn Bhd

To know more about the APEA click on the following links:

LiveWIRE Bright Ideas Workshop

Another Bright Ideas Workshop was held at LiveWIRE.The workshop was held from the 15th to the 16th of June 2010.

Among the topics were:

  • Truth about money
  • The secret of becoming rich
  • feasible business ideas
  • Basic Business Accounting
  • Opportunities

Bright Ideas Workshop is the first of a series of workshops held by LiveWIRE. Other workshops are:

  • Be a Succesfull Owner/Manager (BSOM) – a workshop that presents local speakers ranging from entrepreneurs and managers sharing their experience and advices on business.
  • Business Plan Series – a Workshop on creating a business plan
  • Business Dialogue – A forum or dialog between businesses
  • Leadership Camp – A 3 day /2 nights camp away from society and discovering themselves and their leadership.
  • Business Plan Awards – A competition on business plans and business startups

more picture are in facebook photo album.

for updates of when the workshop and other workshops will be held  keep your eye on www.livewire-brunei.com

Playing Games to Educate ourselves financially

Last Saturday on 8th May 2010, Some LiveWIRE participants/members played an expensive board game called Cashflow 101 created by Robert T Kiyosaki, the guy who wrote Rich Dad Poor Dad, Cashflow Quadrant and other Rich Dad Series books.

The game is similar to Monopoly. Monopoly teaches the players about real estate, the value of land and the buildings on it. Cashflow expands the idea on how rich people become rich through Business, Real Estate and Stocks.

The game starts with the player choosing  their color, then uses a small rat statue of that color, and places a cheese of the color onto their dream on the outer track or fast track. Then the player chooses a job card ranging from a janitor, teacher to a lawyer or a pilot. The cards contain a simple financial statement of assets, liabilities,income and expenses. the person then copies them down to a form provided. The player will get the amount of cashflow (=income – expenses) everytime they pass the “paycheck” square. other squares on the board affects the player’s financial statements. e.g. Continue reading

5 things to grow your biz right now!

Being a photgrapher, my wife found this article http://photofocus.com/2009/10/30/five-things-you-can-do-right-now-to-grow-your-photography-business/

the article is about things photographers can do grow their business. I found the article to apply not just to photographers but to other businesses as well. Here is my interpretation of the article.

  1. Own Your Own Zip Code
    Start with your own area. Why would you be in a certain area and market to the whole country. It takes more time, effort and money the further you are from your area. A marketing guru talks about how to make your product a purple cow and how building your own tribe is essential to marketing your business.
  2. Show What You Want to Sell
    Show what you have to sell, and show relevant things. Imagine going to a shop and all you see is a Logo, a desk and a person. If you have products showcase them, if you have services, show pictures or certificates, news clippings, or achievements. A fast food restaurant always show the picture of food they serve. Additionally, this may also mean market yourselves. So, don’t forget to use facebook pages, twitter, or create your own website for you business. (If you want to make  a website, you can hire me either to build it for you, or to teach you 🙂 )
  3. Network Like Crazy
    Get to know more people, they might be your potential customers, business alliance partners. Join a network or an association, if possible something related to your business. Even better, find a business development community or association where you can meet other business owners and manager. I’ve joined LiveWIRE Brunei. There’s also the LiveWIRE International
  4. Avoid Time Stealers
    Do the things you do best and avoid doing things that you can let other people do it for you. Of course some people or business may be on a budget. So they may have to do things by themselves. If that’s the case then I’d recommend finding and hiring someone else – a salesperson to find more money for you, so you have the budget to hire someone else to other stuff for you. Manage your time, and delegate tasks.
  5. Charge More Money
    More money more profit, some people would be scared to raise their prices in fear of losing customers. But if a business is the best at what they do, why would they charge less? Even luxury business can thrive in a downturn economy. http://www.entrepreneur.com/startingabusiness/businessideas/article203048.html

I have to admit, I have to master some of theses my self. So wish me luck, as I wish you good luck.

LiveWIRE Business Plan Awards 2008/2009

LiveWIRE’s flagship event – the Business Plan Awards Prize Presentation Ceremony was Held on 10th December 2009 at the Hua Ho Manggis Ballroom.

Usually I would be a participant in this event, but I have been too busy this year to complete my business plan. But since I was a LiveWIRE Business Network Committee Member, I was involved in the events management as well as provided with a “booth” to show my company’s services.

The Guest of Honor was the Minister of Ministry of Industry and Primary Resources (MIPR) – Pehin Dato Seri Setia Hj Yahya Begawan Mudim Dato Paduka Hj. Bakar. The attendees consisted of the competition participants, representatives from government ministries and departments, parents and friends of the participants, liveWIRE members and committee.

I was to busy volunteering that I didn’t thought of taking pictures. Hope the pic gallery on livewire-brunei’s website updates soon.

I hope that some of the winners from this competition transform their business plan into a real running business like I did. Wish all of you Good luck! 🙂

For more official news of the events follow the links below.

http://www.brudirect.com/index.php/2009121112150/Local-News/livewire-contest-awards-winners.html

http://news.brunei.fm/2009/12/11/livewire-contest-awards-winners/

http://www.livewire-brunei.com/news_item.php?newsid=152

Leadership Camp 09/09

Picture of Participant deep in thought

The final LiveWIRE Leadership Camp of the year was held from 4 to 6 December 2009. The number of participants were very small compared to the previous batch. After leaving Bandar Seri Begawan, the participants were brought to Pekan Bangar. Due to the camp’s schedule overlapping with cuti-cuti temburong, the first session was held at the conference room of the district office until 3pm, where they were then transported to Sumbiling Eco Village for the second session. These sessions involved: Continue reading