Volume 3, Issue 1, January 2015, Page: 32-36
Night Market: A Platform for Creating New Entrepreneurs
Othman Chin, Universiti Tenaga Nasional, Department of Finance & Economics, Muadzam Shah, Pahang, Malaysia
Mohd Zainal Munshid Bin Harun, University College of Technology Sarawak, School of Business and Management, Sibu, Sarawak, Malaysia
Received: Dec. 30, 2014;       Accepted: Jan. 16, 2015;       Published: Jan. 30, 2015
DOI: 10.11648/j.hss.20150301.14      View  2343      Downloads  181
Abstract
This paper will discuss an opportunities to venture into night market business especially to the beginner or young entrepreneur. Despite of been quoted by many scholars, among the barriers to enter into new business is capital or investment constraint. The night market or `pasar malam’ was an option to change perception of requirement sufficient capital investment, time and location of business, thus enabling a significant segment of Malaysian society, especially those in the lower income group and youngsters, to involve in business. The night market will expose to the tough environment of business and consequently gain them invaluable experience in running a business. This exploratory study will describe the prospect of the night markets in business environment and also the main intention of the researcher to highlight the profitability (in terms of sales) of the night market activities.
Keywords
Night Market, Informal Economy, Entrepreneur
To cite this article
Othman Chin, Mohd Zainal Munshid Bin Harun, Night Market: A Platform for Creating New Entrepreneurs, Humanities and Social Sciences. Vol. 3, No. 1, 2015, pp. 32-36. doi: 10.11648/j.hss.20150301.14
Reference
[1]
Adophus, J.T. (2007), Financial management modelling of performance of Nigerian quoted small and medium enterprise, Journal of Financial Management, 20 (1) pp.49-68
[2]
Ahmed, E., Barkley, J.B., and Marina V. R., (2005), A global perspective on the non-observed economy, inequality, corruption and social capital, retrieved on July 4th, 2008 via website http://cob.jmu.edu/rosserjb/NOE.Global.SEJ%20New1.doc
[3]
Bernama (2008), retrieved on June 30th, via http://web5.bernama.com/client/fama/index22.php?tit=3&id=297159
[4]
Buechle S.J. (2002), Enacting the global economy in Sao Paulo, Brazil: The impact of labor market restructuring on low-income women, Ph.D. thesis, Columbia University, AAT 3048100
[5]
Bruderl, J. and P. Preisendorfer, (1998), Network support and the success of newly founded businesses, Small Business Economics 10, 213-225
[6]
Chickering, A. L and Salahdine, M. (1991), The Silent Revolution: The Informal Sector in Five Asian and Near Eastern Countries, (ICS Press, San Francisco). This same observation was made by Nicholas Ardito-Barletta, at one time General Director of the International Centre for Economic Growth in Panama, quoted in the Preface of The Silent Revolution - The Informal Sector in Five Asian and Near Eastern Countries. Retrieved via website on June 28, 2008 via http://info.bahai.org/article-1-7-6-12.html
[7]
Cooper, A. C., F. J. Gimeno-Gascon and C. Y. Woo, (1994), Initial human and financial capital as predictors of new venture performance, Journal of Business Venturing Vol. 9, 371-395
[8]
Geertz, C (1963), Peddlers and Princes: Social Change and Economic Modernization in Two Indonesian towns, Chicago: University of Chicago.
[9]
Hart, K. (1971). "Informal income opportunities and urban employment in Ghana", in Bekkers et all (1995) Measuring informal sector employment in Pakistan: Testing a new methodology, International Labour Review. Geneva: 1995. Vol. 134, Iss. 1; pg. 17.
[10]
International Labor Organization (ILO) (1993), Fifteenth International Conference of Labour Statisticians: Resolution concerning statistics of employment in the informal sector, in Official Bulletin (Geneva), 1993, Series A, No. 3.
[11]
Kamaruddin, A. J., and Norliza, M.A., (2006), Measuring contribution of informal sector/infiormal employment to GDP in Malaysia : Development of survey instrument, 9th Meeting of the Expert Group on Informal Sector Statistics (Delhi Group) New Delhi, 11 – 12th May
[12]
Kassim, M.U., and Jayasoori, D. (2001), Informal economy, micro-finance and non-governmental organizations in Malaysia, Humanomics, Patrington, 2001, Vo. 17, Iss ½, pg 134.
[13]
Kuala Lumpur Structure Plan 2020, retrieved on June, 28, 2008 via: http://www.dbkl.gov.my/pskl2020/malay/perdagangan/index.htm
[14]
Nand, L, (nd), A theoretical view of the urban informal sector or informal economy in developing country and its future directions in an era of globalization, Department of Huminities, Western Sydney Institute of TAFE, Nepean College, Sydney, Australia, retrieved via website on July 2nd 2008 http://www.siue.edu/EASTASIA/ Nand1004.htm
[15]
Othman, M.S, Zahiruddin, A., Ponnu, C. H., Mutalib, L. and Sukor, M.E.A., (2007), A study on the competitive advantage of the night market in the Klang Valley, Malaysia, 3rd UNITEN International Business Management Conference 2007, Melaka
[16]
Praag, C. M., (2003), Business survival and success of young small business owners, Small Business Economics. Dordrecht: Aug, Vol. 21, Iss. 1; pg. 1
[17]
Sarah, L., Henderson, J and, Weiler, S. (2005), Gauging a Region's Entrepreneurial Potential, Economic Review - Federal Reserve Bank of Kansas City. Kansas City: Third Quarter, Vol. 90, Iss. 3; pg. 61.
[18]
Yusof, A.A, Perumal, S. and Pangil, F, (2005), Principles of Entrepreneurship, Prentice Hall, Kuala Lumpur.
Browse journals by subject