With the COVID-19 pandemic continuing to take its toll on the world, small businesses are struggling to stay afloat. As little is known about the future of the economy post-pandemic, there are steps you can take to ensure your business adapts to the current reality. Here are some tips on how your small business can […]
How To Make Your Small Business Survive The Pandemic Read More »
While the ongoing COVID-19 pandemic has indeed shown to have contributed to the downfall of many start-ups, it is not the primary reason for their failures. Here are the five common reasons why start-ups fail and what can be done by start-up owners to avoid these business pitfalls. 1. Problems in the Market A study
5 Common Reasons Why Start-Ups Fail Read More »
Singapore has been consistently ranked highly for how easy it is to start a new business in the country. The World Bank Group rated Singapore as the best country in the world in its “Doing Business” survey in 2016; the tenth consecutive year it has done so. In this article, we’ll take you through key
Why You Should Incorporate a Company In Singapore Read More »
At present, there are many people who are keen on starting their own businesses, even with the COVID-19 pandemic still raging on across the world. However, many people are unsure exactly of the kind of business they would like to start. This leads to many businesses failing as many entrepreneurs realise their efforts have completely
How to Decide What Kind of Business to Start Read More »
So you’ve established your business – well done! Next challenge: scale it for growth. Even if you sell well, you’ll soon face problems in delivering to new customers and expanding your base. If your business fumbles, you’re going to have unhappy customers and business partners. Manual processes that were fine when you started small won’t
How to Scale Your Small Business Read More »
Contrary to popular belief, incorporating a company does not end with deciding on a business name or paying a registration fee. In fact, there is more to it than that. You are required to comply with the Company Act among other statutory requirements in order to avoid any potential legal ramifications. Be it a business
Important Compliance Requirements for Companies in Singapore Read More »
Every local company incorporated in Singapore has to appoint a Company Secretary within six months of incorporation. Singapore’s Company Law mandates that all companies in Singapore appoint a Company Secretary. This person acts as the compliance officer of the company, who ensures that Board Members are informed of their legal responsibilities towards the company. Such
Roles and Responsibilities of a Company Secretary in Singapore Read More »
When starting a business in Singapore, you would want to decide on a company structure that will help your purpose. You have the choice between Sole Proprietorship and Private Limited. The decision you make will define various factors, which include taxes, the liability, and obligations to government bodies. Hence, without further ado, here are some
Private Limited vs Sole Proprietorship – Which is For You? Read More »
Singapore’s food and beverage industry boasts a diverse range of cuisines. From Asian to Western to Middle Eastern, Singapore has turned into a hub for people around the world to set up shop for their food and beverage (F&B) businesses; you name it, they got it. With the rise in restaurants and food businesses popping
5 Things You Should Consider Before Opening A Food Business In Singapore Read More »
For entrepreneurs, life can be both a breeze and a bother. On one hand, you have the freedom to determine your own monthly/annual income and work as and when you like. On the other, you’ll find yourself worrying about business matters such as budgets and whether your business can make it in the long term.
5 Ways to Stay Motivated as An Entrepreneur Read More »
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