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 …

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 …

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 …

How SMEs Can Turn Invoices Into Cash

Do you know any business that is facing cash flow issues? Here is how to identify businesses that can potentially benefit from our Invoice Financing solutions. What are invoices & what sort of businesses issue invoices? Invoices are usually issued by a company as official notice for its customer to …

How To Create A Healthy Work Culture Through HR

Research has also showed that positive work cultures can better translate into productivity. As evident, the benefits of having a healthy work culture is extensive. Designing a collaborative physical environment, hiring right, fostering communications, preventing burn out, discouraging micromanagement, and encouraging managers to connect with their staff are some ways …

Top 10 Books On Managing Workplace Culture

Many have the misconception that workplace cultures cannot be changed. While it cannot be magically revamped overnight, there are steps that one can take to manage and shape culture. Here are some books that you can check out to take charge of that change. Change the Culture, Change the Game: …

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How To Convert Ideas Into An Actual Business

Successful businesses can be triggered by a ground-breaking and innovative idea during a shower. It can also stem from a simple and even traditional idea, done with great execution. The business may thrive by tapping on an opportune moment to enter the market, or through engaging communication with customers. Regardless, …

Step By Step Guide To Financing Your Business With Funding Societies

Taking up a business loan is a great way to grow your business. However, many SMEs find it difficult to take up a loan with traditional financial institutions due to limited credit history or lack of collaterals. This is where Peer-to-Peer (P2P loans) steps in to nicely fill the funding gap and provide …

3 Takeaways SMEs Need To Know From Budget 2019

On Monday, 19 Jan 2019, Finance Minister Heng Swee Keat delivered the Budget 2019. Mr Heng announced new initiatives and expansions worth S$1 billion, aimed at enabling businesses to grow. Here is how Budget 2019 will impact your business. The budget outlines three areas of focus to deepen enterprise capabilities: …

Top 10 Books To Improve Your Negotiation Skills

Negotiation is undoubtedly one of the most important skills for any entrepreneur. It comes in handy when you are trying to convince an angel investor to fund your business launch, or when you are urging an investor to continue investing in your company after failing to hit certain milestones. When …