In Singapore, many Chinese Singaporeans adhere to Chinese New Year (CNY) superstitions such as “Wearing red is auspicious while black is a big no-no”, “Don’t wash your hair on the first day of CNY as it is seen as washing your fortune away”, just to name a few. One of …
Peer-to-Peer Loans and Why You Should Consider Them | The Definitive SME Business Financing Guide 2018
As noted in the earlier section, the application process of Peer-to-Peer loans is relatively easier than traditional financial institutions, such as the banks because of the speed, access and flexibility. Easy application A drawback of bank financing is the lengthy application process that can take weeks or even months as …
10 Step Invoice Checklist to Help You Get Paid Faster
Have your sales been doing well but your business is still struggling with cashflow problems due to delayed payment? Invoicing well increases the probability of getting paid on time and keep your cash flow in check. Follow the invoice checklist below to be on a steady track for speedy payments. …
SME Financing Options | The Definitive SME Business Financing Guide 2018
Now we will go thru the options SME owners have to finance their businesses. Businesses can either fund themselves through a variety of options, including equity or debt, with the latter being a more common practice. Do I finance my company via Equity or Debt? Firstly, let’s define debt financing. …
6 Factors to Consider When Applying for Business Loans | The Definitive SME Business Financing Guide 2018
1. Specify the purpose of the funds It is important to identify the specific expense the loan is expected to cover. Besides covering business expenses, the funds can be used for new projects, such as business expansion, asset building and cash flow maintenance. 2. Determine the amount you require With …
Evaluating your need for Business Financing | The Definitive SME Business Financing Guide 2018
In the previous section of this guide, we discussed the expenses and potential revenue issues. In this section of our guide, we discuss the possible reasons why you may business financing and how to evaluate your need for financing. Business expansion After growing your business for several months, you see …
Understanding your Business Revenue and Expenses | The Definitive SME Business Financing Guide 2018
Having proper accounting will enable you to check the health of your business. Hiring an accountant and adopting proper accounting software will ensure that you properly track your revenue streams as well as expenditure. Business revenue Let’s start with revenue. Typically, businesses have a core revenue stream. By accurately measuring …
An Overview of SME Financing in Singapore | The Definitive SME Business Financing Guide 2018
If you are an SME owner, there is a high chance you would have encountered finance-related issues when running your business at some point in time. In this detailed guide, we will go in-depth to understand the SME financing landscape in Singapore and the challenges involved in business financing. Our …
A Guide to Financing Your Manufacturing Business
If you are looking to set up your own manufacturing facility in Singapore, there should be some factors for you to consider as it can be a challenging task for any entrepreneur. Your profit and loss figures identify your sales, expenses and the resulting profit or loss. This information is …
7 Expenses Restaurant Owners Can Expect to Face
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 …