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 …

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. …

Useful Business Apps for SMEs

If you are the owner of an SME, it can get quite overwhelming especially when you are wearing many hats and multitasking on the go. Here are our top picks of useful business apps to help you stay on top of things. Business app for accounting: Xero Xero is a …

3 Business Books to Read For SME Owners

Running a business is an exciting and challenging venture. Being your own boss means that you are free to forge your path and have the opportunity to turn your dreams into reality. This requires hard work, grit and luck. For many business owners or prospective business owners, the journey can …

3 Sales Forecast Models to Help You Achieve A Better Cash Flow

Why do you need to forecast sales? Accurate forecasts with minimal errors are key to budgeting and predicting a company’s financial outlook. As the lifeblood of businesses, sales forecasting helps to determine the health level of cash flows. It allows you to have a snapshot of upcoming business expenses and …

7 Inspiring TED Talks and Podcasts for Entrepreneurs

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 …