Night Market: A Platform for Creating New Entrepreneurs

Othman Chin; Mohd Zainal Munshid Bin Harun

doi:doi:10.11648/j.hss.20150301.14

| Peer-Reviewed

Night Market: A Platform for Creating New Entrepreneurs

Othman Chin, Mohd Zainal Munshid Bin Harun

Published in Humanities and Social Sciences (Volume 3, Issue 1)

Received: 30 December 2014 Accepted: 16 January 2015 Published: 30 January 2015

Views: Downloads:

Download PDF

Share This Article

Twitter
Linked In
Facebook

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.

Published in	Humanities and Social Sciences (Volume 3, Issue 1)
DOI	10.11648/j.hss.20150301.14
Page(s)	32-36
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2015. Published by Science Publishing Group

Keywords

Night Market, Informal Economy, Entrepreneur

References

[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.

Cite This Article

Plain Text BibTeX RIS

APA Style

Othman Chin, Mohd Zainal Munshid Bin Harun. (2015). Night Market: A Platform for Creating New Entrepreneurs. Humanities and Social Sciences, 3(1), 32-36. https://doi.org/10.11648/j.hss.20150301.14

Copy | Download

ACS Style

Othman Chin; Mohd Zainal Munshid Bin Harun. Night Market: A Platform for Creating New Entrepreneurs. Humanit. Soc. Sci. 2015, 3(1), 32-36. doi: 10.11648/j.hss.20150301.14

Copy | Download

AMA Style

Othman Chin, Mohd Zainal Munshid Bin Harun. Night Market: A Platform for Creating New Entrepreneurs. Humanit Soc Sci. 2015;3(1):32-36. doi: 10.11648/j.hss.20150301.14

Copy | Download

@article{10.11648/j.hss.20150301.14,
  author = {Othman Chin and Mohd Zainal Munshid Bin Harun},
  title = {Night Market: A Platform for Creating New Entrepreneurs},
  journal = {Humanities and Social Sciences},
  volume = {3},
  number = {1},
  pages = {32-36},
  doi = {10.11648/j.hss.20150301.14},
  url = {https://doi.org/10.11648/j.hss.20150301.14},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.hss.20150301.14},
  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.},
 year = {2015}
}

Copy | Download

TY  - JOUR
T1  - Night Market: A Platform for Creating New Entrepreneurs
AU  - Othman Chin
AU  - Mohd Zainal Munshid Bin Harun
Y1  - 2015/01/30
PY  - 2015
N1  - https://doi.org/10.11648/j.hss.20150301.14
DO  - 10.11648/j.hss.20150301.14
T2  - Humanities and Social Sciences
JF  - Humanities and Social Sciences
JO  - Humanities and Social Sciences
SP  - 32
EP  - 36
PB  - Science Publishing Group
SN  - 2330-8184
UR  - https://doi.org/10.11648/j.hss.20150301.14
AB  - 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.
VL  - 3
IS  - 1
ER  -

Copy | Download

Author Information

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

Download PDF

Sections

Plain Text BibTeX RIS

APA Style

Othman Chin, Mohd Zainal Munshid Bin Harun. (2015). Night Market: A Platform for Creating New Entrepreneurs. Humanities and Social Sciences, 3(1), 32-36. https://doi.org/10.11648/j.hss.20150301.14

Copy | Download

ACS Style

Othman Chin; Mohd Zainal Munshid Bin Harun. Night Market: A Platform for Creating New Entrepreneurs. Humanit. Soc. Sci. 2015, 3(1), 32-36. doi: 10.11648/j.hss.20150301.14

Copy | Download

AMA Style

Othman Chin, Mohd Zainal Munshid Bin Harun. Night Market: A Platform for Creating New Entrepreneurs. Humanit Soc Sci. 2015;3(1):32-36. doi: 10.11648/j.hss.20150301.14

Copy | Download

@article{10.11648/j.hss.20150301.14,
  author = {Othman Chin and Mohd Zainal Munshid Bin Harun},
  title = {Night Market: A Platform for Creating New Entrepreneurs},
  journal = {Humanities and Social Sciences},
  volume = {3},
  number = {1},
  pages = {32-36},
  doi = {10.11648/j.hss.20150301.14},
  url = {https://doi.org/10.11648/j.hss.20150301.14},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.hss.20150301.14},
  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.},
 year = {2015}
}

Copy | Download

TY  - JOUR
T1  - Night Market: A Platform for Creating New Entrepreneurs
AU  - Othman Chin
AU  - Mohd Zainal Munshid Bin Harun
Y1  - 2015/01/30
PY  - 2015
N1  - https://doi.org/10.11648/j.hss.20150301.14
DO  - 10.11648/j.hss.20150301.14
T2  - Humanities and Social Sciences
JF  - Humanities and Social Sciences
JO  - Humanities and Social Sciences
SP  - 32
EP  - 36
PB  - Science Publishing Group
SN  - 2330-8184
UR  - https://doi.org/10.11648/j.hss.20150301.14
AB  - 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.
VL  - 3
IS  - 1
ER  -

Copy | Download