Effective Public Speaking

Oral Presentation:Comparing 2 different business

Founder of the shop

Name: Chan Mei Mei

Age : 60 years old

Chan Mei Mei and her sister start this business. According to Chan Mei Mei, her whole family was doing tailoring so she decide to have a shop to continue her life and her family business in her own way.

-Located Pudu area-Back Alley Shop-Mostly visited by old customers cause it was a small and unnoticeable shop.

Employees

They have only three employees.

Chan Mei Mei Chan Mei Mei’s sister

Part time tailor

Customers

6 races

Bangladesh people

Vietnam people

Indonesian

Malay people

Chinese people

Indian people

Keen Hing Enterprise

Founder of the shop

No picture available Name : Keen Hing

Age: Unknown

A man that was travel from Tang Shan to Malaysia. To survive and interested in chinese traditional medicine so he started this business since 1966. Now was inherited by his son.

Location

Some where around here

Product

Seaweed

Dried Seafood

Chinese traditional medicine

Analysis Of Tailoring BusinessSister’s Tailoring Shop

Sister’s Tailoring Shop• Provide tailoring services (main service).• Selling threads, strings, buttons, fabrics ,

rubber, etc. (mostly sewing materials)

Two types of Tailoring Businesses

• General Tailoring – Daily wears

• Specialty Tailoring – Wedding dresses, gowns, etc.

Competitors of Sister’s Tailoring Shop

• No competitors.

– Does not compete with others– Even if there’s competitions from the other shops,

they do not bother them.– This tailoring shop only focuses on their customers

that they currently having for over 20 years.

Nature of Business

• Monopoly– No competitors (only 1 tailor shop in the street)– Price Maker: Decides the price product to be sold.• But for some reason to fix their price according to the market price.

Challenges & Obstacles

• Provide good quality and durable products.

• Keep learning and improving their sewing skills.

• Justify the product prices according to the market prices.

Strategies• Keep self-update on the current preferences.

• Letting people aware of their business– Spreading via old customers– Complete satisfaction of current customers

Analysis of Traditional Chinese Medical Shop

Keen Hing Enterpreise

Nature of business at Keen Hing Enterprise

• Competitive- few sellers, each of whom has little or no control over the market price- have competitors

Challenges and obstacles

• Provide good services and goods - to gain more customers

• Compete with competitors • Maintain the business

Competitors of Keen Hing Enterprise

• 2 competitors around Petaling Street • But 1 of the competitors had closed down• Left 1 competitor.

Strategies

• Letting people aware of their business - spreading through old customers - let the customer know what you do best• Sell products that the competition doesn’t have - take in new products that suits the market • Price - Although the price is set by the owner himself

- lower than the competitor’s price

Future Plan

Future plan? Nah…I just want my business to keep on. I am too old for doing these future plan.

I will inherit my business to my son and let him do those expansion things. I am ready to retire

anyway.

Future plan? Nope… Maybe we will just expand our shop size. Branches? Nah… One shop is busy enough for me. I am satisfy in my business now.

References 30 Top Sewing Secrets - Mary Roehr Books & Video. (2011). Retrieved January 11, 2014, from http://www.maryroehr.com/30-top-sewing-secrets.html

Building a Profitable Tailoring Business from Home: A Step-by-step Guide to Setting Up. (2007, October 23). Retrieved January 11, 2014, from http://www.facebook.com/l.php?u=http%3A%2F%2Fvoices.yahoo.com%2Fbuilding-profitable-tailoring-business-home-607214.html&h=JAQEFptTD

From Small Tailoring Business to a Growing Success: the Story of Tanzanian Qualicloth | Success Story | Emerging Stars . (2011). Retrieved January 11, 2014, from http://www.emergingstars.com/success-stories/small-tailoring-business-growing-success-story-tanzanian-qualicloth

Hall & Madden Business Story - Business Insider. (2013, January 11). Retrieved January 11, 2014, from http://www.businessinsider.com/hall-and-madden-business-story-2013-1

Six Strategies to Compete In Business | Shep Hyken. (2011). Retrieved January 11, 2014, from http://www.hyken.com/marketing/six-strategies-to-compete-in-business/

Six Strategies to Compete In Business | Shep Hyken. (2011). Retrieved January 11, 2014, from http://www.hyken.com/marketing/six-strategies-to-compete-in-business/

Small Is Beautiful - How to Compete with Bigger Competitors. (2011). Retrieved January 11, 2014, from http://www.is4profit.com/business-advice/business-strategy/small-is-beautiful-how-to-compete-with-bigger-competitors.html

Tailoring Service. (2011). Retrieved January 11, 2014, from www.bizymoms.com/sewing/tailoring.html