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Open For Business

Author: BFM Media

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The flagship entrepreneurship show on BFM, featuring personal business stories from early stage start-ups, all the way to billionaire octogenarians in Malaysia and abroad. Notable guests include Martin Cooper (father of the mobile phone), Julian Assange (founder of WikiLeaks), Ralph Henry Baer (father of video games), Tony Buzan (Mindmap Guru), Isaac Tigrett (Hard Rock Cafe founder), Robert Kiyosaki (Financial Guru), Nick Vujicic (motivational speaker) and more. Tap into this valuable resource of shared experiences for the SME industry, which also touches on news, issues and trends affecting the business community and beyond.
2059 Episodes
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After spending two decades building apps, websites, and CRM systems for Southeast Asian enterprises, Steve Wan watched his clients pour increasing budgets into traditional digital advertising models for diminishing returns. Realising that interactive campaigns effectively captured consumer attention but were prohibitively expensive to custom-build, he launched RewardinMe. Today, the bootstrapped, no-code platform allows brands to independently deploy interactive mechanics such as spin-to-win, scratch cards, and quizzes, across web, social, and in-app channels.Steve joins us to discuss the platform's core commercial proposition - zero-party data, what a massive logo list actually means for the bottom line of the company, and RewardinMe’s recently launched AI agent, designed to fully automate campaign strategy, creative generation, and reward recommendations.See omnystudio.com/listener for privacy information.
When award-winning architect Katrine Cheong last appeared on the show in December 2024, the conversation centered around the design mechanics of building Little Precious, a premium confinement centre in KL Eco City. Today, she returns to discuss a drastically different reality: the shifting economic ground beneath the maternity business. Since opening in 2020, her single-site, 20,000-square-foot facility has served over a thousand mothers, operating with 60-plus medical professionals and a strict one-to-two nurse-to-baby ratio. With packages starting north of RM31,000, it is effectively a luxury hotel that carries the exorbitant staffing bill of a private hospital.Katrine joins us to discuss the hard unit economics of the confinement industry. We unpack the mechanics of occupancy and break-even points, if she will continue to champion a single-site model rather than scaling, and the brutal reality of retaining specialised nurses amidst a national shortage and aggressive poaching from Singapore.See omnystudio.com/listener for privacy information.
Ghostbird Coffee started in 2015 out of operational frustration. After transitioning from the IT industry to help found The Owls Café, Thomas Ooi and Tiong Hsien Qing realised they wanted absolute control over their most critical supply chain element: their coffee. What began as a small Seputeh roastery built to supply their own shops has scaled into a massive nationwide B2B operation. Growing from roughly RM1.5 million in 2020 to RM7.07 million in 2024, the fully bootstrapped business currently generates between RM600,000 and RM800,000 monthly, with a clear operational target to consistently clear a million a month.The business now executes across seven distinct revenue streams—spanning roasting, B2B wholesale, e-commerce, a retail coffee bar, co-roasting, roastery consultation, and running major events like the Malaysia AeroPress Championship. Beyond their operational footprint, the founders are making a massive strategic bet on Malaysian Liberica. Traditionally dismissed as a cheap, sea-level filler crop grown in Johor, Ghostbird is working to elevate the bean into a distinct, high-quality Malaysian coffee identity that can command global respect.Thomas and Tiong talk to us about the realities of building a multi-million ringgit F&B supply company from the ground up. We discuss why being former café operators serves as their greatest strategic advantage in wholesale, and the difficult process of digitising B2B sales in an industry traditionally run entirely on handshakes and salespeople. See omnystudio.com/listener for privacy information.
Ling's Focacceria operated on an incredibly focused business model: one type of dough, transformed into a menu of focaccia loaves and sandwiches featuring Malaysian flavors like otak-otak, and vadai. Built by a former corporate communications and copywriting professional with zero F&B background, the Mutiara Damansara shop survived a brutal first year of poor management and severe debt. By tightly restructuring the business, founder Choy Ee Ling successfully cut payables, grew year-two revenue by 12 percent, and entered her third year completely debt-free. By the time the shop’s lease was up for renewal, the bootstrapped business was generating over six-figures in revenue and sitting firmly in the black.Then, she shut it down.Ling joins us to discuss the mechanics of digging a retail shop out of vendor debt, how social media fundamentally changed her customer acquisition, and exactly what happens to a company's sales when a founder announces they are closing a profitable business for good.See omnystudio.com/listener for privacy information.
Faramore is a bootstrapped, direct-to-consumer footwear brand solving a highly specific market gap: affordable, handmade shoes designed exclusively for women with wide, chubby, or bunion-prone feet. Operating on a strict pre-order model to maintain clean cash flow and eliminate excess inventory, the brand prices its entire catalogue under RM95. By leveraging organic customer acquisition through founder Farah Che Lamin's personal Threads account, Faramore has rapidly scaled to roughly RM500,000 in revenue within its first year.This hyper-niche focus is a calculated response to a harsh entrepreneurial reality. Farah previously spent seven years successfully building her first footwear brand, LANIA, only to shut it down after being overwhelmed by aggressive market copycats. With Faramore, she executed a decisive strategic pivot, betting that a product meticulously engineered from the ground up for an underserved demographic provides a structural moat that is fundamentally harder for mass-market manufacturers to replicate.Farah talks to us about the technical differences between designing for wide feet versus simply scaling up a standard shoe block, the reality of IP theft in the fashion industry, and the challenges of using a personal, highly public social media account as a primary sales channel. See omnystudio.com/listener for privacy information.
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