Small Businesses

Stories, guides and how-tos for all small businesses

4 Simple Ways For Small Businesses To Reduce Costs

Bolstering your business’s profits is tough enough as it is nowadays. The problem is that as costs go up, so do our prices – in turn eventually affecting our profit margins. Cutting unnecessary expenses are just as important as increasing sales. It can be tough to identify what expenses need to be cut. What is deemed “unnecessary”? If you’re looking for a long-term solution to reduce costs and expenditure, then read on to see how. 1. Move your processes into Software Automation Labour is often one of the biggest expenses for a business to incur.  Processes like time sheet errors are costly to correct and will take up significant amount of time cumulatively. Automating means creating an accurate and painless process that enhances productivity and performance. Although setting up an au...

Branding Ideas for Beauty Spa Business Owners in Malaysia

For just about any business, branding strategy is a very important component. In Malaysia, the flourishing beauty spa industry is fast gaining traction among the locals. As such, competition is growing tighter, and it is all the more important for business owners to understand the desired brand image of target customers. Beauty spa business owners, you will have to place your focus on your intangibles such as reputation, client care and relationship with clients in order to build your brand. According to the Global Wellness Institute (GWI), which released the 2016 Global Wellness Economy Monitor last year, the worldwide wellness industry grew 10.6 percent to US$3.72 trillion (RM15.2 trillion) from 2013-2015, making it one of the world’s fastest-growing and most resilient markets. For the b...

5 Reasons Malaysian Beauty Businesses Need to Know Their Competitors

For your business to grow, constant learning and adjustments are necessary. What are among the most important things you should be learning for your business to remain competitive? It will be none other than your competitors. Knowing who they are will help you distinguish your business from theirs and to communicate with your target market. What should you know about your competitors and why is it important? Here are 5 reasons why you need to know about your competitors: 1. Helps You Identify the Type of Competitors You Have Your competitor will be any business that deters a potential customer from choosing you. They often take two primary forms, they could either be your direct competitor or indirect competitor. Direct competitors refer to businesses that have similar products and service...

5 Habits Pinoy Business Owner Needs to Get Rid Of

The Philippines is a country filled with opportunities for small business owners! While many people talk about the ideas of starting a business, few people take the necessary steps to ensure that their businesses continue to run smoothly after the initial phases. If you are a small business owner or hope to be one, then you may benefit from reading this list of things to avoid! 1. Borrowing Money To Make Ends Meet You should always spend within your means. If your costs are exceeding your planned budget, then there is something very wrong with the way you are running your business. Business owners fall into the trap of taking loans, but many also underestimate the responsibility of taking loans. A loan should only be applied for professionally, and when you are fully aware of your financia...

How to Start & Register an Online Business in Malaysia

Malaysian eCommerce is beginning to pick up, and many are wondering how they can start getting involved in online businesses. The process of registering your business is simple and will only cost RM30. Businesses also gain benefits such as insurance coverage and microloans. Follow these 4 simple steps to get your online business started: 1. Register with MMC if required You will only be required to register with MMC if your business is related to the telecommunications industry. If you are uncertain and want to be safe, you may want to find out more about the MMC’s guidelines. 2. Register Your Business and Company name with CCM

3 Simple Steps to Improve Your Nail Salon’s Profitability

How do you distinguish yourself from your competition? Who do you even consider your competition? More often than not unnecessary changes to pricing strategies are made by nail salons in order to get ahead of their competitors. In this article I will write about when it is necessary to pick up a fight and how to distinguish yourself in order to thrive in the nail salon industry. 1. Keep Your Costs Low As a nail salon owner myself, I recognise that most customers are unwilling to pay a hefty amount for a good manicure unless it is gel. And even with gel nails, the most they would be willing to pay is slightly above $50. How do we work around this problem without making significant losses for our business? Well, the answer is in keeping costs extremely low by keeping initial investments and ...

How To Set Up A Lucrative Spa In India 

भारत में एक आकर्षक स्पा कैसे स्थापित करें, यह जानने के लिए अपने फेसबुक या लिंक्डइन खाते से लॉगिन करें Login with your Facebook or LinkedIn account to find how to set up a lucrative spa In India!

10 Ways To Make Your Store Millennial Friendly

Millennials run the world. Thinking you can ignore this demographic is definitely a mistake. According to Huffington Post, Asian millennials are the new big spenders in the global consumer market. In Asia, they make up a sheer 410 million of the total population and they are equipped with high purchasing power. Want to find out how your store can latch onto this demographic? Below are 10 tips I have learnt over the years as a store owner myself. 1. Consider Seamless Payments

4 Fresh Business Suggestions for Retirees Looking 

For older employees, the prospect of retirement is met with mixed feelings. However, for some, the idea of starting afresh and building their own vision is invigorating. If you are pondering the prospects, then here are some ideas for you to consider. 1. Consultation Services As an elder, you are bound to be a treasure chest that’s rife with knowledge and experience. Skills and life lessons are a stock that you can put to beneficial use in your twilight years. If you can convey your advice well, then consultation and coaching is an avenue to consider. If no longer look forward to the morning-rush of office schedules, there are other avenues to share your experience. Writing and blogging are two common ways that retirees stay engaged with online communities that desire the knowledge. If you...

4 Questions You Need To Ask Yourself Before Opening A Massage Parlour

Thinking of opening a massage parlour? It is not an easy decision and I’m sure you have pondered over this business venture for a very long time. Now that you are on the edge of making this decision, make sure to ask these 7 questions that I asked myself before beginning this journey. 1. Where Will You Conduct Your Services? There are many types of massage businesses. There are mobile massage businesses that are mainly home based and there are massage parlours that are rented out.   If you are planning to carry out your services at home, you need to inform the housing development in your country and even your insurance provider. You also need to work around your neighbours who might find the public crowd at your estate a problem. And what about your own personal life? How are you gonn...

Sole Proprietorship In India – A Quick Guide to Getting Started

भारत में एकमात्र स्वामित्व स्थापित करने के बारे में जानने के लिए अपने फेसबुक या लिंक्डइन खाते से लॉगिन करें Login with your Facebook or LinkedIn account to find about setting up a Sole Proprietorship In India

Understanding F&B Industry in India – Avoid mistakes of other F&B owners

In collaboration with SME Southeast Asia, we were commissioned in June 2018 to study F&B industry in India. Over the past weeks, we surveyed hundreds of F&B owners and managers across India. Hot out of the oven, our report revealed some sizzling insights! Here’s a peek on what we’ve revealed!  Over 30% of Restauranteurs face these Top 2 problems including having a Lack of Customers During Off-Peak Hours and Hiring & Training. Check if these issues affect you too! [Full List within Report] Over 36% of them use these TWO Solutions to solve the Challenges above. Are you? [Solutions within report]  25% of Restauranteurs who use these 11 Apps say that it does not help them Drive More Customers and is Not Customized to Their Needs. Which apps are you using? [List within report] Bench...

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