Having proper accounting will enable you to check the health of your business. Hiring an accountant and adopting proper accounting software will ensure that you properly track your revenue streams as well as expenditure. Business revenue Let’s start with revenue. Typically, businesses have a core revenue stream. By accurately measuring …
An Overview of SME Financing in Singapore | The Definitive SME Business Financing Guide 2018
If you are an SME owner, there is a high chance you would have encountered finance-related issues when running your business at some point in time. In this detailed guide, we will go in-depth to understand the SME financing landscape in Singapore and the challenges involved in business financing. Our …
Funding Societies named on the 2018 Fintech 250 list by CB Insights
CB Insights has named Funding Societies to the second annual Fintech 250 list, a prestigious group of emerging private companies working on groundbreaking financial technology. This is also the second consecutive year that Funding Societies has been included in the prestigious list.
A Guide to Financing Your Manufacturing Business
If you are looking to set up your own manufacturing facility in Singapore, there should be some factors for you to consider as it can be a challenging task for any entrepreneur. Your profit and loss figures identify your sales, expenses and the resulting profit or loss. This information is …
Funding Societies Hosts Its First Tertiary Marketing Case Competition
This year, Funding Societies organised our own Tertiary Case Competition for Singapore-based tertiary students. It’s also the first-ever marketing case competition by a Fintech startup! Students were required to devise a 6-month integrated marketing plan to drive our mission in helping to increase financial inclusion for SMEs in Singapore. We …
7 Expenses Restaurant Owners Can Expect to Face
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 …
Why (We Think) Millennials love Alternative Investments
Millennials are the first generation to grow up with the internet. They are born after 1982 and before 2004 and they are used to relying heavily on the internet and digital technologies to do almost everything including online shopping via Qoo10, Amazon and Taobao, listening to music and watching media …
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 – …
What is an Escrow? How does it work?
When conducting important transactions that involve numerous intricacies, it is essential that safeguarding measures are in place to protect the interests of both parties. One efficient and common approach is none other than utilising an escrow account. What exactly is an escrow account? Now what exactly does escrow imply, and …