How To Set Prices To Profit

Price setting directly determines your profit margin, which affects how fast losses are recouped as well as how quickly the company can profit. Demystifying Cost Of Goods Sold (COGS) COGS may seem intimidating but is actually a concept that can be understood easily. COGS lets you know how much it …

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 …

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 …

Government Agencies You Need To Know In Singapore

While dreadful, documentation, as well as other logistical and administrative matters, are unavoidable when doing business. Here are some government agencies in Singapore that you should be familiar with as an SME owner to make the administrative process a breeze. Accounting and Corporate Regulatory Authority (ACRA) Given that every registered business …

How To Create A Mission And Vision For Your Company

Creating an impactful and relevant mission and vision for consumers, shareholders, employees and all stakeholders is perhaps one of the first few tasks for budding business owners. However, It can be daunting for even the best of entrepreneurs to craft a good quality mission and vision that can effectively capture …

How To Formulate An Effective One-Page Business Plan

More often than not, getting started is the hardest part for an entrepreneur. Instead of aiming to do a lengthy, detailed and formal business plan, it may be easier to start small with a simple, quick, and effective one-page business plan. A business plan is a road map that shows …

3 Reasons Why You Should Take a Business Loan Before Chinese New Year

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 …

Checklist for Starting Your Own Business in 2019

Checklist to start your business in Singapore

If you have ever wanted to start a business, Singapore is a great place to start! Ranked second in the world for ease of doing business by the World Bank, Singapore has the infrastructure and robust trade network that will help your business flourish. However, starting a business can be …