Creating a Sole Proprietorship or Private Limited Company as a Freelancer

When starting your own business as a freelancer, perhaps your first thought will be to register your company as a Sole Proprietorship. After all, that is what the structure is made for, right? It is for freelancers who work alone and wish to keep the administrative side of their business as uncomplicated as possible.

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1.3.1 The Business Plan

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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Best Incorporation services in Singapore 2018

When you want to enlist the services of an external company to incorporate your business, you might be spoiled for choice. There are so many corporate service companies in Singapore that offer incorporation packages that it is almost dizzying. We here at InCorporate.sg would like to simplify that experience for you. Based on user feedback and reviews, we have complied a list detailing the best incorporation services in Singapore for 2018.

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2.1.5 Office (Traditional vs Co-working)

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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1.2.2 Your idea does not need to be perfect

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.

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