New alternatives needed to prevent financial damage

SHAH ALAM - Those who are currently struggling with jobs and businesses should look into new alternatives, says Precession Capital Berhad chief executive officer Nazril Idrus.

Nazril who is also a certified chartered accountant said some people were unable to grow their businesses as they did not learn how to make it more bankable.

"When it looks valuable and you know how to do it, then investors will start to come in and help you in building your business,” he said when asked about tips for those who were struggling in their businesses.

He added that with the investment made, it will encourage more and less constraints on the funds.

On bankcruptcy among the youths in Malaysia, Nazril said people should learn about personal financing and prepare themselves better.

“That is why entrepreneurship is very good because you are not relying on your pay and even companies also allow people to find a second income,” he said during an exclusive interview with Sinar Daily.

Citing Google as an example, Nazril said the company has a policy in which employees who have ideas could voice it out and create it into a business and reap rewards.

“So, why not let Malaysians do the same thing? If we learn, then we will know and bankruptcy can be avoided," he said.

Nazril said the reason for bankruptcy was also related to inflation.

He said people would also get trapped in bankruptcy because of the loans they took.

"This is what is currently happening in our country. Hence, businessmen and entrepreneurs must know how to fight inflation," he said.

Precession Capital Berhad has organised a two-days Modern Tycoon Masterclass programme at the DoubleTree by Hilton Hotel in Shah Alam from Sept 13.

The programme garnered about 115 participants.