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The Basics Of Business Insurance For Small Business Owners

Most small business owners have a good idea of what tools, equipment and materials are needed to conduct their business. However, when it comes to insurance, they don’t always know what to insure or how much coverage they require. At the very least, consider buying General Liability and Business Property insurance for your small business. Or you can get a Small Business Owner’s Policy (BOP) that contains both under a single policy. In most places, Worker’s Compensation insurance is a necessity. If you or your employees will be driving for work purposes, then you will need Commercial Auto Insurance. Once you have these basics covered, consider any risks that are unique to your business. Is your area prone to flooding? Are you handling large amounts of customer data? You will want to address...

5 Things You Should Consider When Starting A Restaurant Business In Malaysia

Malaysia is a melting pot of cultures, especially when it comes to food. The local culinary talents are a dime a dozen, where many dream of opening their own restaurant. With that said, building a restaurant is no easy task. As eating-out in Malaysia is a common thing, customers are easy to come by – and that means secure revenue. The right restaurant in the right location has a high chance of generating large profits. A business plan is the foundation of any enterprise. A careful analysis will help steer your restaurant on a successful path, ensuring a good return on your investment. If you are thinking of starting a restaurant, café or any sort of F&B outlet in Malaysia, here are a few key aspects you should have a clear vision about. 1. Concept Every business starts with an idea. Co...

Promising Fintech Companies In Singapore 2019

Fintech holds Singapore to an esteemed position as one of Asia’s leading regions for the industry. The global fintech hub has become an increasingly popular destination for others “preferred gateway” into Asia. With world-class infrastructure, strong government support and global investors available, Singapore’s Fintech industry is flourishing steadily. With that said, here are 5 Singaporean Fintech companies to watch out for in 2019. ShereIt Shereit provides a creative value proposition for those in stock brokerage firms. The mobile social trading platforms offers users the ability to communicate with other traders around the world in real-time. Furthermore, the platform is user-friendly for amateur traders who are looking to pick up trading styles and strategies from the feeds of promine...

Is Cloud Accounting Software Right for Your Business

Breakfast in bed at an English cottage? How about coffee at a Spanish courtyard patio? Nah, that’s a dream especially for business owners like you. You don’t have time, and you need to eyeball on every detail. Yes, we get it: in every detail. But hey, before you pack your dreams and not your bag, think of the possibility of seeing your company’s data, wherever and whenever with the Internet connection. <a href="https://financio.co/blog/how-can-accounting-software-help-your-business/?utm_source=blog

Accounting for Your Business: Tips for The Wholesale Industry

Many accounting software packages currently available do not cover the needs of wholesalers. There are many standard software packages<a href="http://blog.abssasia.com/accounting-for-your-business-tips-for-the-retail-industry/?utm_source=blog

How to Begin Scaling Your Company

The day that your company becomes profitable and daily operations are comfortable for everyone may seem like a pipe dream, but it’s also a day that you need to be prepared to tackle. Because once your company has made it past the will-we-make-it-or-won’t-we stage, it’s time to start thinking about how to scale your company. Though the way you scale your business entirely depends on your goals and the direction you want your business to take, here are a few pointers to get you started:   Take a Step Back This may sound counterintuitive, but in order to scale, you need to disengage from the day-to-day activities of your company. Things are going well, you have a capable, dedicated staff who have helped you navigate your business thus far – let them take on more responsibility so that you don...

Mastering the Art of Delegation as Your Company Scales

The art of delegation starts with hiring the right people. Any start up has its eye on fast and even exponential growth. When your business model is right, then you may find your company expanding faster than you had ever imagined. Scaling a business involves aligning all aspects of your company with the growing markets it faces. Both internally and externally. Having the right people in the right positions is the bare minimum required to keep achieving your business goals. Delegating will be much easier when you are fully confident in your key staff. Hiring the right people Jack Ma advises us, “don’t hire the best people, hire the right people.” Words of wisdom. Tony Fernandes, CEO of Air Asia says, “I can usually tell within seconds of meeting someone if I want to hire them. It’s in thei...

How to Be an Effective, Future-Focused Leader

When we speak of leaders, we imagine an authoritative figure that gives commands and represents his or her entire community. Unlike the movies, being a leader in the real world is a lot more complicated than it seems. Read on to see what sort of qualities you can cultivate to be an effective, future-focused leader. 1. Cultivate A Vision That Others Can Share In As Jack Welch once said, “good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion”. An authority without a vision is merely a manager. To truly establish yourself as a person worth following, practice developing a clear vision on where you are heading and how you will accomplish that. A manager can get people to work efficiently, but a future-focused leader i...

Trend Prediction for 2019

The future is a mystery. One way to guess out what the future might bring is to look at the past and the present. Keep asking “Why?” and you might get to a useful trend. Then your challenge is to position your business ‘on-trend’. Give it a wide berth and factor in the ‘X’ factor. Anything is possible. The world is more unstable these days that at most times in recent history. <a href="http://blog.abssasia.com/ten-ways-for-smes-to-deal-with-a-downturn/?utm_source=blog

How to Make Your Morning Commute More Productive

Whether you commute on the train, on the bus, in a car, or on your own two legs, it’s likely that you spend your time scrolling social media, listening to media, or daydreaming before you get to the office and get down to business. Though there’s nothing wrong with taking a mental time-out during your commute, you could instead harness that time and make it more productive. Here are a few ways to kick-start your day before you get to the office.   Check your work email Checking the emails you received since you left the office the day before may not sound like the thing you want to do during your commute, but even just scrolling through and getting a sense of what awaits you can provide oversight on how to manage your time. If you want to be more proactive, respond to the emails you didn’t...

Five Things to Know About Cashless Payments

The world of business is going digital, fast. Cashless payments are becoming the new norm. <a href="http://blog.abssasia.com/digital-marketing-trends-2017-get-on-trend/?utm_source=blog

Corporate Holiday Gifting Ideas

With the holidays right around the corner, you’re probably tossing up what gifts to get your clients. As a startup, you want to make your budget for presents stretch as far possible, which means splurging on splashy gifts for your clients just isn’t reasonable. But a gift doesn’t need to be expensive to be appreciated – after all, it’s the thought that counts, right? If you’re unsure of where to start when coming up with ideas, here are a few to get you in the Santa frame of mind:   Subscription boxes If you have a healthy budget and/or a small client list, gifting a subscription box of goodies to be sent to their office monthly is a fun and welcome change from the usual office knick-knacks or hampers people receive. With a wealth of subscription services out there, you can pick something ...