Puteri, an actuarial fresh graduate in Johor Bahru, senses an opportunity: “Salam, MakCik Kiah (Aunty Kiah). Are you going to open a pisang goreng (fried bananas) stall? Let me help you lah” MakCik: “Salam, Puteri. Help me? How? I’m poor, I don’t have money to pay you dear” Puteri: “MakCik, no need to pay now, later when you make money I ask to share 5% of your profit, #kitajagakita! Let me explain what I can do for you No.1 – How much should I borrow/invest, target number of customers, break-even time, is this business worth it? We have learnt about Payback period, NPV and IRR in Financial Mathematics and Corporate Finance. This is how financial institutions evaluate new projects. No.2 – When should I get more help to serve the customers? We have learnt about “Queuing Theory” in Stochastic Processes. We can apply this to find when is the right time you need to hire a helper. So you won’t spend money on the helper too soon. You can hire at the right time for your business. “ MakCik: “Wah, you’re so smart Puteri. By God’s grace, I’ll share 10% and free pisang goreng, you can do all these things” Puteri: “Thank you MakCik, this is just the beginning”
Prelude
Hey You! Did you know that Actuarial Grads have many wonderful skills that can help you grow your business and solve many issues you didn’t think had an answer? I will tell you 101 reasons – that’s right, One Hundred and One reasons why You should hire an actuarial graduate (or a few of them), and support their exam progress! Follow the adventures of Putri, Muthu & Ah Hock as they carve out a unique path for themselves in a small town in Johor Bahru! A Hundred and One (101) Business Problems Your Nearest Actuarial Fresh Grad can solve (started on 18th November – new episodes released on my blog) #kitajagakita #actuarial [written by Logen Kanisan]
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