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COVID-19 Survival Kit: 9 Free tools Your Business Should Be Using For Today & Tomorrow

The COVID-19 pandemic has disrupted business as usual, around the globe. Many small businesses may have to drastically change their day-to-day operations. To help those businesses adjust, we came up with a list of 9 FREE and EASY tools that SMEs and Small Businesses should begin using today and adopt for the long-term. Here’s a roundup of some of the platforms that can help organizations stay afloat during the outbreak. Accounting Wave With Wave, you can truly understand and manage your income and expenses for your business. This online accounting software allows you to track everything and connect to other Wave products such as payroll, payments and invoicing. Everything is automated and in one perfect package, just for you. Other Key Features: Create professional invoices for free,...

RAMADAN 2020: 5 Low Cost & Effective Strategies to Succeed

Ramadan has been a crucial period for marketers, business owners and SMEs to connect to Muslim Shoppers. However, some challenges will arise for SMEs alike, given the spread of COVID-19 and its impact on society. So what should SMEs do to have a memorable Ramadan 2020? While we realise that a slowdown in sales and traffic will be a strong possibility, smarter and low-cost strategies that also can translate into long-term success will be the best route, which we have listed below: 1. Run Lower Cost Ads on A Lower Budget Big advertisers are scaling down digital ads across Facebook, Google, Instagram and others which reduces competition to reach consumers – huge opportunity for SMEs to market their businesses at a lower cost. Driving sales and traffic for your business at a key per...

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