28 per cent of all F&B outlets in Singapore close within a year of opening. It is evident that staying afloat and becoming successful in this industry is not easy. Here are some trends to take note of in the food manufacturing industry. Fads having less relevance It is not …
Top Trends In The Hotel Industry You Need To Know
According to Horwath HTL, Singapore’s hotel supply’s growth rate is expected to rebound to 2.5 per cent in 2019, before falling again in 2020. In Asia Pacific, hotel investment volumes are predicted to grow by 15 per cent year-on-year in 2019. With such figures in mind, it will be important …
Top Sustainability Trends
The Sustainable Development Goals (SDGs) were launched by the United Nations (UN) as a universal call to action to end poverty, protect the planet, and ensure that all people enjoy peace and prosperity by 2030. Meanwhile, the next five years promise an estimated US$2.1 trillion in climate-related sustainable business opportunities …
How To Increase Remote Work Productivity In SMEs
SMEs operate on lean manpower, which often translates to the need to engage multiple work-from-home freelancers and external vendors. On top of that, employees working in the office may also have a heavy workload, which can lead to the preference for flexibility in the form of remote working. Millennials are …
How To Manage Vendor Relationships
Due to the strain in manpower, SMEs typically work with third-party suppliers to fulfill specialised and non-core functions. The question for outsourcing lies with how and when. Managing vendor relationships is key to ensuring an efficient, problem free and sustainable operation. Spend time to communicate regularly Regular communication is crucial …
5 Ways to Get the Highest Personal Credit Score in Singapore
How is your credit score calculated? More importantly, how do you make sure that it’s in the best shape possible? Understanding how your credit score in Singapore is assessed is key to being financially healthy. There will come a point in time in most Singaporeans’ lives when taking a bank loan …
What Your MBTI Type Says About Your Money Habits
Your personality influences the way you handle money – knowing your MBTI type could be the key to building good financial habits. Money is such an intricate part of our lives that we all have our own particular habits and rituals around it. However, where do these tendencies come from? …
4 Things To Know Before Getting A Property-Backed Loan
What are property-backed loans? Do you know that you can potentially free up working capital for your business if you own a local residential, commercial or industrial property? Property-backed loans are secured loans taken by pledging a local property as a form of collateral against the loan. The pledged local …
How To Choose A Business Office Space In Singapore
SMEs can find a variety of offline office spaces overwhelming. Co-working spaces and business centres as well as government and private offices, are just some of the options available to choose from. Co-Working Spaces / Business Centres Fully-furnished and ready-made offices located in the Central Business District (CBD) are known …
Why SMEs Should Automate Finance Operations
Having robust financial operations is crucial to an SME’s sustainability. Particularly if it is short on working capital, smooth financial operations can make or break a company and determine if other business financing means such as business loans or microloans are necessary. Why automate Managing the full financial operations process …