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 …
Financing Products Are Aplenty, But Why Aren’t Enough SMEs Getting Them?
In Singapore, SMEs (small and medium-sized enterprises) represent close to 99% of all enterprises. However, numbers can become glaring quickly when we look at mortality of these SMEs – only 1 in 10 SMEs tend to survive in the face of volatile economy and tough competition. In trying to stay …
Top Trends In Real Estate You Need To Know
According to Price Waterhouse and Coopers (PwC) and Urban Land Institute, Singapore is ranked second as a real estate investment market in Asia Pacific. This is mainly because of the demand rebound well as a boom in co-working and other flexible office space operators. Globally, the country is the second …
How Your F&B Business Can Benefit From ITMs
At the launch of the Food Service ITM in 2016, it was expressed by DPM Tharman Shanmugaratnam that the Food Services industry is in “need for a major makeover” to keep up with progress in other aspects of society. This is especially important as this is a domestic-market oriented sector …
How And When Should SMEs Outsource
Regardless of whether the company is an SME or MNC, or whether it has a tall or flat organizational structure, outsourcing is something that is almost unavoidable. If you can do things more efficiently at a fraction of the cost, and you feel that your business is ready to take …