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 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 …

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 …

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 …

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 …

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 …

Top 5 Business Articles for SME Owners in 2018

Most of the worlds’ successful SME-owners will agree that it is essential to continuously seek and gain knowledge to spur business growth. However, we understand that time is a luxury for most SME-owners and staying up-to-date with business trends takes a lot of time and effort. That’s why we have …

5 Key Reasons Why Successful SMEs Take Business Loans

One of the greatest misconceptions about SME financing is the notion that taking on debt is always a bad thing. Many people associate loans (aka. debt financing) with financial difficulties and cash flow problems and often assume that companies will only take up loans if they are in a poor …

5 Questions To Ask Yourself Before Growing Your Business

Remember when you first started your business? It may have just been you and your business partner. As your business started to turn some profit, you hired your first few employees and as your cash flows started to be more steady, you are beginning to think about expanding your business. …