7 Expenses Restaurant Owners Can Expect to Face

Restaurant Owners

Whether you’re an experienced restaurant owner dreaming of Michelin stars or an aspiring café owner looking to open your own café, financing your F&B business can be extremely challenging in Singapore. How much does it cost to start a restaurant business in Singapore?   A restaurant business can be expected to …

How to Manage Your Working Capital During Peak Season

Working Capital Seasonality

How do you manage your working capital if your business is impacted by seasons? If you manage a seasonal business, you would concur that peak seasons can be quite overwhelming due to the sheer amount of work that is required. However, if you are able to plan and anticipate for …

Debt vs Equity Crowdfunding

Equity Crowdfunding

Let’s say you’re a small business. You’re doing great, you’re turning a profit, but the bank just won’t give you the loan you need to expand the business. Does this sound like you? Well, the good news is that there are two alternative finance routes you can go down – …

Why Businesses Should Not Be Reluctant to Talk About Debt

Business owner pulling a heavy debt sign

In many cultures across Southeast Asia, it is common for debt to be thought of as a taboo. A common assumption made is that only people who spend irresponsibly take on debt. Traditional businesses owners, similarly strive for a debt-free business. However, there are many reasons why taking on loans …

Reviewing 2017 Business Performance, Achieving 2018 Goals

Reviewing Business Performance

Is there a better time than the first work days of the year to reflect on business goals? If you spent the final days of 2017 scrambling to collect data and make reports, it’s time to review the past year’s business performance. For many businesses, this is the only time …

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How to Manage Working Capital for SMEs

How to Manage Working Capital for SMEs

What is the most important focus area for any business? Most SMEs make the mistake of focusing only on the profitability of the business. But liquidity is the other pillar on which a company stands. Liquidity is achieved through efficient working capital management. The concept is similar to a person’s …

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Cash is King, Cash Flow is Emperor

Tips on managing cash flow by Funding Societies

Businesses, especially SMEs, have grown highly competitive in the past 10 years. Local competition is not new, but international and online competition have kept small businesses on their toes. And along with the general cost of living, cost of doing business has gone up as well. In such a scenario, …

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When Should Your Business Apply for a Loan?

Entrepreneurs who intend to build a new business and need a capital injection often acquire their funds through a loan from banks, financial institutions, or new alternative financing companies – such as Peer-to-Peer (P2P) lending platforms. However, business loans aren’t just for building new companies, but also to maintain them. …

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How to Fix a Cash Flow Crisis

How to fix a cash flow crisis - Funding Societies

Cash flow crises are among the most common (and most frustrating) problems encountered by small businesses and SMEs. A well-managed cash flow is integral for a business to continue running. But what if a cash flow crisis is already happening? Don’t panic. Try to implement the steps below: 1. Create …

5 Ideas to Keep Business Finances Healthy

5 Helpful Ideas to Keep Business Finances Healthy

A good financial condition holds your business together. Without the right financial management, a business is as good as doomed. Healthy finances allow your business to function smoothly. The thing is, not everyone is a financial guru. Chances are you’re not one either. But you don’t need to be a …