How to Give A Successful Elevator Pitch

Have you ever bumped into an old acquaintance and upon being asked what you have been up to, you are suddenly tongue-tied and unable to properly express what your company does? You leave the experience feeling a pang of regret; that acquaintance could be working in a related industry and …

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 …

Should SMEs Aim For A Tall Or Flat Organisational Structure?

The more layers of management and approval processes, the taller the organisational structure. More often than not, SMEs start off with a relatively flat structure. The decision to then maintain it, or to steer the company towards a tall structure, is dependent on various competency factors such as the speed …

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, …

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 …