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 …

Why SMEs Should Automate Finance Operations

Having robust financial operations is crucial to an SME’s sustainability. Particularly if it is short on working capital, smooth financial operations can make or break a company and determine if other business financing means such as business loans or microloans are necessary. Why automate Managing the full financial operations process …

Top Trends In Real Estate You Need To Know

According to Price Waterhouse and Coopers (PwC) and Urban Land Institute, Singapore is ranked second as a real estate investment market in Asia Pacific. This is mainly because of the demand rebound well as a boom in co-working and other flexible office space operators. Globally, the country is the second …

How Your F&B Business Can Benefit From ITMs

At the launch of the Food Service ITM in 2016, it was expressed by DPM Tharman Shanmugaratnam that the Food Services industry is in “need for a major makeover” to keep up with progress in other aspects of society. This is especially important as this is a domestic-market oriented sector …

How And When Should SMEs Outsource

Regardless of whether the company is an SME or MNC, or whether it has a tall or flat organizational structure, outsourcing is something that is almost unavoidable. If you can do things more efficiently at a fraction of the cost, and you feel that your business is ready to take …

3 New Trends Every Manufacturing Company Needs To Know Today

Advanced manufacturing is trending, and not without reason. It can up labour productivity by 30%, create 22,000 new jobs with salaries up to 50% higher than current ones, and add S$36 billion in manufacturing output and revenue for firms by 2024. It is hence unsurprising that advanced manufacturing have been …

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 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 …