Startup

Accounting for Your Business: Freelancer Edition

Being your own employer is the dream for a lot of folks. But as much freedom as the freelance life brings, it also can bring on headaches – especially when it comes to managing your business’s finances on your own. The sheer amount of paperwork and record-keeping can be overwhelming, and putting your finances off until another day is likely an attractive thought. That is, until the day you realise just how much work there is to do and you’re kicking yourself for not staying on top of the accounting. Luckily, Financio offers a tool that can effectively, efficiently simplify your financial management so that the only headaches you suffer from are brought on by clients – not accounting. Read on to learn more about how Financio can benefit you. It’s created for non-accountants First and foremo...

An Interview with Kakitangan CEO, Effon Khoo

HR Automation is the process of improving the efficiency of human resources departments through automating the manual processes while eliminating information-centred risks. Malaysian startup Kakitangan specialises in this very department. Founded in 2015, the company received up to RM1.5 million in funding through equity crowdfunding. To delve into their vision and success, SKALE spoke Effon  Khoo, the founder and CEO of Kakitangan. The Interview The Start and History Describe your business (product and offerings) and the vision/mission of the company? Our product is HR Automation for SMEs in Malaysia. The vision is to save time, cost and materials when it comes to HR processes for all SMEs in Malaysia! What would you say is unique about your company? Is there a special product, approach o...

The Benefits of SaaS for SMEs by Financio

For the unfamiliar, SaaS (software as a service) is a software distribution model in which a third-party providers hosts applications and makes it available to customers over the internet. Popular examples of SaaS products include Slack, Calendy, MoneyPenny, and Financio, amongst others. Small and mid-sized companies are increasingly turning to cloud-based software to help run their businesses smoothly. Depending on what your business does and your budget, you can pick the products that will benefit you the most. Increased collaboration If your budding startup is growing faster than expected, or you find your teams operate in silos, then it’s time to use a service that enables people to collaborate and bounce ideas off one another. With file sharing capabilities and myriad integrations, Sl...

Is a Coworking Space Right for You?

If you’ve been looking for an office for your startup, you’ve undoubtedly been shocked by rental prices, overwhelmed by the idea of furnishing the place, and have likely considered just working out of your house or a coffeeshop until the business makes some money. With co-working spaces – fully equipped, beautifully designed, furnished offices that are devoted to providing desk space and flexible leases for startups and SMEs – gaining popularity, there’s now a less traditional, very appealing office option that many company founders are looking into. But are co-working spaces really a good deal? And would one be a good fit for your team? We’ve listed a few things you should keep in mind when considering a co-working space and whether or not it’s a smart real estate option for your venture....

How to Keep the Startup Culture as Your Company Grows

Culture is a pattern of thinking. Your startup culture is most likely spontaneous. As your startup grows you will need to examine and refine your company culture and how to leverage this as you scale your business. Using new business and accounting software will become essential to growing your business and hiring new recruits who can effectively use this software to become competent. Getting Started A startup culture is a workplace environment that values creative problem solving, open communication and a flat hierarchy. Core values should form the identity of your startup and these include; vision and mission statements, products and services, and customer service. In the U.S., where competition for talent is often fierce, startups commonly recruit the most suitable employees by offering...

Have an idea, what next?

This is one question (or some version of it) that is asked on Quora quite often. And, here is a long version of its reply. Launching a new business When you plan to startup, according to the old formula, you write a business plan, pitch it to investors, assemble a team, introduce a product, and start selling as hard as you can. And somewhere in this sequence of events, you’ll probably suffer a fatal setback. But in the recent few years, a methodology called the “lean start-up,” has emerged and it favors experimentation over elaborate planning, customer feedback over intuition, and iterative design over traditional “big design up front” development. New ventures of all kinds are attempting to improve their chances of success by following its principles of failing fast and continually learni...

3 Southeast Asian HR Startups To Lookout For

A substantial portion of time is delegated to Human Resource Management. These tasks usually consist of paperwork and documentation. In recent times, the development of competent Artificial-Intelligence software have extended towards the HR segment. Human Resource Process Automation (HR Automation) is exactly what it suggests: tools and applications that facilitate the automation of human resource processes and functions. The efficiency, accuracy and consistency of these tools are known to increase productivity in HR departments. With that said, here are 3 Southeast Asian companies that provide HR Automation Tools to help improve your company’s management system: 1. Times Pay/HR Southeast Asia is familiar with Times Software Pte Ltd. Their award-worthy HR automation software has been criti...

If you get one paying customer does it mean your idea is validated?

Ye! It’s an awesome feeling when we get our first customer to sign up. It’s really a motivator to slog out to get more. But, when you are a new startup project, you are still trying to discover what kind of target audience and pain point does your product resonate and creates a significant value.  So, does one customer signing-up holds significance to this process? Well, the answer is – yes and no! Let’s just dive into this from the basics. What is a startup project? Startup project is a type stage of business… Stage what? Yes, is a stage in the process* of turning a business idea into an established (and highly profitable) real company. A Startup is a temporary organization searching for a scalable and repeatable business model What does that mean? It simply means that Startups have no bu...

Become An Amazon Seller In India With 4 Easy Steps

4 आसान चरणों के साथ भारत में एक अमेज़ॅन विक्रेता बनने के तरीके के बारे में जानने के लिए अपने फेसबुक या लिंक्डइन खाते से लॉगिन करें Login with your Facebook or LinkedIn account to find about how to Become An Amazon Seller In India With 4 Easy Steps

How to Run Your Restaurant like a Successful Entrepreneur

I went through such a long drawn out process before opening my own restaurant that at one point, I thought it was never going to happen! In retrospect, opening a restaurant boils down to 6 factors – significance, location, equipment, hiring, operations and advertising. Looking to run your restaurant like a successful entrepreneur? This article is for you. 1. Starting from Scratch? You will need to find a wholesale food supplier that will meet all of your needs – ingredients, paper towels, toilet paper, soap and all other essentials. Bulk purchases are cheaper and reduces shipping time as well. Or if you are looking into purchasing a franchise, Franchise Opportunities is the perfect search engine for you. Just make sure to have your investment value and selected industry in mind...

Grow Your Restaurant Business Without Burning a Hole in Your Pocket

Turning your restaurant business into a success is easier said than done. Expanding your business and opening more outlets requires not only maximum effort, but also an even larger capital. While many business owners resort to taking extra loans for business expansion, this can be a risky move if you’re not aware of your repayment capabilities. Or sometimes, some business aren’t able to generate enough revenue to qualify for these loans. So how else do you grow your restaurant business without needing to rely on taking loans? Here’s 3 tips to expand your restaurant business without needing bang the buck!

6 Ways to Kickstart Your Small Business

When you first decide to start your business, the first step is to seek advice on how to go about this. I understand that there are a ton of advices that go around, and it can be overwhelming when deciding which advice is legit, and which isn’t. Let’s get real, there is no one-size-fits all approach when setting up your business for success. Usually the best business tips are those that forces you to think out of the box. Here’s a list of 5 tips for starting you can do that you might not have heard of. Be a Problem Solver You’d be surprised at how many entrepreneurs started their business simply because they wanted to solve a problem. Anthony Tan, co-founder of Grab, started his company because the taxi system in Malaysia was a mess. Taxi’s had a reputation of being unreliable, unsafe, ove...