Setting up a bank account is a must for businesses in Singapore, as required by the Accounting and Corporate Regulatory Authority (ACRA). With over 200 banks in Singapore, choosing the right one for your business can be confusing. We’ve ranked the top banks for entrepreneurs and founders.
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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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When you are incorporating your company, you have to select your business structure. It is paramount that you understand what each business structure entails and the advantages and disadvantages of each of them. In this article, we will help you examine the three main business structures and aid you in making the correct decision for your business.
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All set and ready to go? The next step would be to make it all official by incorporating your business and turn it into a legal entity! But you may have a question in mind. Why should I incorporate my business? Why can’t I continue doing business without incorporating it? Well, in this article, we […]
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Marketing. We hear it all the time. We may dislike doing it, but it’s still something that is extremely important for our businesses. So, one way or another, we have to do it to grow our business.
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We start with website development! Every company nowadays need a website. To not have a website is almost like paying a hefty penalty from the beginning because all your competitors will have website. Having a website will improve your chances of being discovered by potential customers and also makes it simple for people to find more information about your company. Therefore, it is extremely crucial that entrepreneurs have a website for their business, and they should have one up and running as soon as possible!
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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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When thinking of marketing your business, one of the first things that comes to mind is having your own website. When starting your own site, it is important to choose the right web hosting service provider.
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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.
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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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