One of the first things people think of when thinking of the word “business” is an office! The common scene is people wearing suits and ties to a tall office building. Well, it does not have to be that way! There are different types of work environments. Many startups nowadays don’t do the whole formal attire thing and have their employees wear informal attire to work. It’s all up to you, really.
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Starting a business naturally comes with a lot of risk, even in a country with a thriving startup ecosystem like Singapore.
In this article I will outline the risks that entrepreneur commonly face. Some of them are specific to businesses in Singapore.
If you are thinking, “I am going to find the perfect idea to start my business!”
Stop.
Many people want to start their own business, but they spend so much time thinking of a perfect idea on which to base their business. News flash. The perfect idea does not exist. Sure, once in a while, you come across some company in the news, that sparks this question in your mind.
Being your own boss… Have you ever wondered about it? Sometimes we just have to admit it. Working for others just suck. You feel that having your blood, sweat and tears exerted to fill somebody else’s pockets is not the most desirable of situations. Perhaps then you think..
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Let’s face the truth. Not everybody is born with the traits required to become a successful entrepreneur. It’s not an easy road and you need a certain set of skills to navigate this rocky path. But the good news is that this skills can be trained and built up over time if you put in the hard work and dedication. Without further ado, let us dive in.
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The thought of becoming an entrepreneur has probably entered your mind at least a few times in your life. It sounds enticing but yet perilous at the same time. Its vast unknown seem to be of another world out of your comfort zone, and you wonder if you are able to overcome the challenges on that journey.
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Geraldine Gauthier, you have coached many entrepreneurs struggling to find their next big idea. Is there a way for them to unlock their creative potential and passion? Geraldine: I believe each of us is innately innovative and creative. Some more so than others, but we’ve all got the spark hidden somewhere down deep inside us. Creativity […]
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One of the greatest benefits of having a startup business is an immense opportunity for growth! As a startup, you will quickly check small goals off of your to-do list and constantly be working towards the greater objectives. With so much room for growth, how can you be sure your business is staying on track? […]
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Fair and Just Process Singapore is one of the safest places to do business. Corruption remains low consistently and their foreign relations with other countries in terms of business and taxation is almost unmatched. Everything from startups to major headquarters thrive in this business atmosphere and feel secure in their investments and that they are […]
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To start, Singapore is a free-market economy. This means that good and services are priced based on the willingness of the consumers, not the government. Supply and demand are not intervened at all by the government either. Free Trade When it comes to free trade, Singapore is known as the most open in the world. […]
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