So we just found out we got the Geran Khas Prihatin 2.0. Alhamdulillah!
Taking this opportunity to thank the government as well as Suraya from Ringgit Or Ringgit for her How I Applied for and Spent the RM3000 Geran Khas Prihatin Money for Small Biz blog article. We found out about the grant via her tweet and that prompted us to try applying for it again after failing to get it during the first round.
How do we intend to use the RM3000?
Bills, Bills, Bills! Fund
A third of it would go towards paying for our rent and utility bills at UTM, Skudai. Yes, we have not resumed our business there but we still need to pay for it. Praying for the day when we can start selling again.
Invest, Invest, Invest! Fund
Next in line, spending another third of it on building up our Shopee store. About 2 months ago, we pivoted our business from selling mainly at UTM, Skudai to selling our products online. We started with our chili oil and recently launched our garlic oil. Insha’Allah, by end of this year we plan to launch another product.
The money from this fund would be invested in R&D, A&P, ingredients and packaging. Why do we say invest? Because we are praying and hoping our Shopee store would bring significant returns.
Emergency & Recovery Fund
The remaining third? That goes towards our business emergency and recovery fund. Because once our business reopens in UTM, we need to purchase new ingredients as the ones we have can no longer be used. Would probably need to replace a few things too.
Also, in case we need more money for our bills or Shopee store, we can grab some from this fund.
Got to get back to our R&D! Ending this with Alhamdulillah.