No surprise race-based business goes belly up

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News and views that matter. Malaysiakini is an online news portal published in Malay, English, Chinese and Tamil. Malaysiakini receives over millions of page-views per day and is one of the most trusted news brand in Malaysia.

YOURSAY | ‘Mindset of buying from same race is misguided, doomed to fail.’Malakat Mall closure: Race, religion won’t help boost businessJusticeNow!: Malakat Mall’s founder Mohd Fadzil Hashim started with the wrong premise; he thought that the Chinese only buy from Chinese and Indians from Indians!With this wrong premise, he builds a business model that the Malays will also buy from the Malays.People will buy what they want from a place where they get their value for the money they spend.

Take responsibility.Be accountable. Be honest and true to yourself for your failure. Then only you can take control of your future.Mario T: Work with those who are knowledgeable and experienced and not against them.Religion and race have no place in business, otherwise one becomes prejudiced and restricted in growth. Face reality.As famous inventor Thomas Edison once said, success is 99 percent perspiration and one percent aspiration.Meerkat: There is a place for niche marketing.

 

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