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 …

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 …

3 New Trends Every Manufacturing Company Needs To Know Today

Advanced manufacturing is trending, and not without reason. It can up labour productivity by 30%, create 22,000 new jobs with salaries up to 50% higher than current ones, and add S$36 billion in manufacturing output and revenue for firms by 2024. It is hence unsurprising that advanced manufacturing have been …

How To Engage Followers On Social Media

Capturing consumers’ attention within the first few seconds is important in today’s sea of noise. In light of 30 June being Social Media Day, here are some concrete guidelines on how to make social media content more interesting to increase engagement in a cost-effective manner. Why bother about social media …