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 …
How to Manage Your Working Capital During Peak Season
How do you manage your working capital if your business is impacted by seasons? If you manage a seasonal business, you would concur that peak seasons can be quite overwhelming due to the sheer amount of work that is required. However, if you are able to plan and anticipate for …
Debt vs Equity Crowdfunding
Let’s say you’re a small business. You’re doing great, you’re turning a profit, but the bank just won’t give you the loan you need to expand the business. Does this sound like you? Well, the good news is that there are two alternative finance routes you can go down – …
Why Businesses Should Not Be Reluctant to Talk About Debt
In many cultures across Southeast Asia, it is common for debt to be thought of as a taboo. A common assumption made is that only people who spend irresponsibly take on debt. Traditional businesses owners, similarly strive for a debt-free business. However, there are many reasons why taking on loans …
Introducing Invoice Financing V2.0 from Funding Societies
In 2016, Funding Societies launched our second product, Invoice Financing. Through Invoice Financing, businesses can realise their unpaid invoices sooner. This allows them to put more cash towards business growth. Unlike a business term loan, you are not taking on any additional debts. You are simply freeing up money owed …
Reviewing 2017 Business Performance, Achieving 2018 Goals
Is there a better time than the first work days of the year to reflect on business goals? If you spent the final days of 2017 scrambling to collect data and make reports, it’s time to review the past year’s business performance. For many businesses, this is the only time …
7 Inspiring TED Talks and Podcasts for Entrepreneurs
They say an entrepreneur is someone who jumps off a cliff and builds a plane on the way down. However, these dynamos too need a shot of motivation every once in a while. If you are in the process of building your own empire and need that little optimistic push …
5 Things I Wish I Knew Before I Started My Own Business
Do you have that awesome business idea that could be worth a million dollars with the proper execution? Well, starting your own business is definitely no easy proposition. It involves a lot of things coming together. While monetary resources and capital are one side of the story, fortitude, grit, and …
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Why Creativity and Innovation are Important for SMEs
It has become widely accepted that creativity and innovation are crucial to business success, especially in the ever-changing and uncertain world we live in today. While creativity is the ability to produce new and unique ideas, innovation is the execution of that creative ideas. When properly fostered, creativity and innovation …