Total Funding Required: 150,000.00
Investor’s Knowledge & Experience Required: general management
Proposed Investor’s Involvement: non-executive director
My Business Development Stage: start-up
My Industry: energy / natural resources; consulting
xxxx is a Human Capital Consulting firm offering specialized executive search and recruitment solutions, and human resources advices to companies to achieve their strategic hiring and human resources management objectives within the oil & gas, power and renewable energy, and manufacturing industries and hospitality sector.
Irene Chen, a co-founder of xxx have over 20 years working experience in human resources and administration serving MNC locally and abroad mainly in the oil & gas industry. In addition, she has 10 years experience as a Recruitment Manager/Senior Recruitment Consultant with leading Executive Search/Recruitment agencies in Malaysia.
xxxxSdn Bhd, Co ID.xxx-K commenced operations in mid January 2011 through the funding of the Chairman who is now resigning and withdrawing from the business due to personal problems. As a result, xxx no longer has funding with immediate effect which in turn adversely affected the operations of the company.
After a slow start due to festivities in January and February 2011, xxx have started in March 201, to sign up clients from the oil and gas industry and manufacturing industry. Job order worth RM100k to RM300K have been received and work were in progress but have now been suspended due to non-availability of funds to continue the operations.
The oil and gas industry is booming in the words of a Senior Manager of a leading
MNC oil and gas Operating Company in Malaysia and the job market for oil and gas professional is highly in demand. Irene Chen have forecasted that the revenue of xxx could raise to RM500K with a proper set up and sufficient investor funding at this stage. Therefore, the ROI to investor is between 1 to 2 years.
It is envisaged that xxxx Sdn Bhd will become a leading oil and gas recruitment company in Malaysia and expanding into South East Asia.