You have successfully incorporated your company and are ready to start running your company! You have embarked on the entrepreneurial journey! What comes next is debatable. As an entrepreneur starting out, you must feel overwhelmed by the sheer amount of things you have to do. You have to go out and get some sales.
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It is crucial that you make sure you have the right business idea before you go ahead and start your business. In my previous post, I detailed the absolute need to not dwell on coming up with the perfect business idea. Yes, you do not need to have the perfect idea because it does not exist but you do need to possess the right idea for yourself.
read moreShould I engage a corporate service company? Now that you have learned the steps on how to incorporate your company in Singapore, you might ask yourself if you are able to outsource the process. Good news! You most certainly can, and there are plenty of companies in Singapore who provide the service
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For every business, accounting is a major part of day to day business operations. Starting out, there are a massive set of responsibilities any new entrepreneur has to face and shoulder. With so many operations to multi-task, it may be burdensome and overwhelming for entrepreneurs to keep track of their operations and their budget at the same time. At such a crucial time of the business, it is important that entrepreneurs shed as much of the workload from their shoulder as possible. This can be done by outsourcing.
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Last up, we have Recruitment. The process of hiring workers is probably one of the most crucial ones in the company. Good employees boost productivity and improve the company’s bottom line. Thus, it is extremely important that you hire the right people for the job. There are plenty of ways to hire people.
But, today, we are going to discuss the merits of outsourcing the hiring process to a recruitment agency, against posting advertisements on job sites.
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Pitching to investors can daunt many potential entrepreneurs. To lay yourself out to criticism and rejection can deter many from seeking investments. However, that business funding could be the gap between success and failure.
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Now that you know what a business plan is, it is crucial to know the importance behind having one. Execution is everything and a business plan helps to ensure that your execution of your business is as optimal as you can be. Obviously, it does not guarantee success, but it helps put you on the road to it.
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After your idea is done, the next step is to create a business plan. What is a business plan? A business plan is just that, a plan on how to execute a business! You need it for the nitty and gritty of your business. If you rush into business without a concrete plan, you could be courting disaster. As the saying goes, failing to plan is planning to go.
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Ideas. Ideas. Ideas. Where do people get them? Everyone has that one friend who is brimming with crazy ideas on how to start businesses. To really get a workable idea that can be translated into a business plan? That’s not the easiest thing in the world. Plenty of prominent business people say that it’s all about the execution, not the idea.
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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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