Fourth Interview at Seribu Bintang Restaurant...

D-13

Date: 10 February 2015

Time: 9:30 pm

Place: Seribu Bintang Restaurant

BIODATA OF INTERVIEWEES

Mr. Muhammad Uzair Bin Muhammad Azizan

26 Years Old

Diploma in Hotel Management

INFORMATION ABOUT FINANCIAL PART

To start the business, we need resources of financial. Financial is the main factor in a business. This financial is use for business expenses. 

For financial part, Happy Family chooses Seribu Bintang Restaurant as our references. This restaurant was operated since eight years ago. This restaurant owned by Mr. Zahirudin Khan Asghar Khan and assists by, Mr. Muhammad Uzair Bin Muhammad Azizan and located at No. 1, Jalan Kampung Baru, Sarawak, 97000 Bintulu. Besides, Mr. Uzair graduates in Diploma in Hotel Management. Seribu Bintang Restaurant has another branch that is Bintang Warisan Restaurant. Seribu Bintang Restaurant rent the land to running their business. Seribu Bintang Restaurant operates from 5pm – 1am.

What can we conclude from this interview, Seribu Bintang Restaurant are not make loan from any agency to start their business. However, Mr. Uzair told us that he had made loans to young entrepreneurs Putra of the MARA recently RM 10,000. The loan purpose is to further develop Seribu Bintang Restaurant.

In financial management, Happy family Restaurant can employ a secretary among their workers to manage the bills. Besides that, the secretary also responsible to deal with supplier about the raw material for the next day.Happy Family Restaurant can prepare ‘daily cash tally record’ for secretary to record total cash, peti cash and gross sale on that day. From this record, we can identify the net sales in daily. This is the one of the way Seribu Bintang Restaurant practices to manage their financial. Below is the example ‘Daily cash tally record’ prepared by Seribu Bintang restaurant.

Figure 4.1: Daily Cash Tally Record of Seribu Bintang Restaurant

In a day, optimum profit for Seribu Bintang Restaurant in average RM 2,500 – RM 5,000 per day and can achieve RM 75,000 per month. From this total profit, Happy Family Restaurant can divide into the cost of running business and cost of salary workers as accomplish by Seribu Bintang Restaurant.

Example for cost of running the business is order the raw material from the supplier, land rent and others. For the raw material, Seribu Bintang Restaurant use 40 – 50% from their profit in daily. For the land rent, Seribu Bintang Restaurant pay RM 2,000 per month.

For workers, Seribu Bintang Restaurant divides the workers based on their task. For example, waiter, person who cooks, cashier and a manager. Cashier also responsible as a secretary to record the expenses. Manager is responsible to their workers and their smoothness of business. For waiter, Seribu Bintang Restaurant pays their workers starts from RM 700 per month and person who cook and cashier is pay starts RM 1,000 per month. For manager start from RM 2,000 per month. This strategy can be applicant in Happy Family Restaurant. 

That's all. Thank You.

Prepared by Nurazura Binti Abdul Azis (S18893)
Updated by Siti Dayangku Intan Liana Binti Tahir (S18990)