All You Need To Know From The Construction Transformation Map

In 2018, it was reflected in a Channel News Asia article that “50% of firms (are) still not clear about Industry Transformation Maps (ITMs)” despite the fact that ITMs were launched over three years ago in September 2016. It also mentioned that unaware SMEs that have been slower to adopt …

Growth In The Modern Services Industry

Consisting of organisations providing professional, financial and technology services such as cybersecurity and banking services, the modern services cluster is expected to play a bigger role this year. Contributing to 30% of the economy, this cluster will benefit greatly from digitalisation and innovation. According to the Industry Transformation Map, by …

How Industry Transformation Maps Can Help SMEs

Industry Transformation Maps (ITMs) were launched by the Singaporean Government in 2016 with the purpose of enabling companies, particularly SMEs, to stay ahead of the curve and navigate the evolving business environment. Budget 2019 has revealed that after the implementation of ITMs, productivity (real value-added per hour worked) has increased …

How SMEs Can Be Green And Cut Cost

Being green helps improve your brand image, and is an increasingly important point to consider given that customers are more aware of their environmental footprint. As the world aligns with one of the Sustainable Development Goals (SDG) by the United Nations (UN) to ensure sustainable consumption and production patterns, there …

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 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: …

1

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, …