Leadership

Why It’s Important To Be A Dominant Leader

When we talk about a boss or leader, we imagine an authoritative figure that is sharp, intelligent and direct with their employees. The term dominant has been a subject that is viewed as positive in the eyes of politics, office and business, which is why it is important to embody such a quality.. There is a fine line between being dominant and overbearing, so it can be tough embodying dominance positively. Here, we highlight why it is important to position yourself as a dominant leader in the business world. Directs The Attention To Yourself Vanities aside, that attention is important because you are the embodiment of your business. The culture and relationships you build will be based on your vision. Attention also directly translates to more revenue. When being introduced as an authority...

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...

4 Powerful Ways To Beat the Burnout for Singaporean Business Owners

A burnout can occur when you least expect it. Perhaps you’ve overworked yourself. You’re juggling too many roles. You’re handling more than you can manage. You’re brain is constantly on over-drive and you’ve worked yourself to the brink of exhaustion. It’s not uncommon to hear this in Singapore. In a time and age where we’re constantly pushing ourselves to strive and work for more, a burnout can occur at any time, anywhere. Or perhaps you’re one of those who’s on the edge of experiencing a burn out and you’re well aware of this. And that’s why you’ve found yourself here. Reading this very article. Well here’s something to cheer you up! This article is meant to tell you how to prevent yourself from a burnout. If stress, worry...

6 Facts About Myanmar’s Tycoon “Pepsi” Thein Tun

At 82, Thein Tun is one of Myanmar’s most venerable tycoons. His company Myanmar Golden Star (MGS) is regarded as one of the ten strongest businesses in the country. MGS is best known for introducing Pepsi into the Burmese Market in the 90’s. There are a lot of good take-aways from this down-to-earth businessman’s attitude to life, so here are 6 interesting facts about Thein Tun. 1. A Pioneer Of His Generation

A Filipino’s Guide to Surviving the First Year of Restaurant Business

I belong to a group of pioneer restaurant owners. Although the restaurant landscape has changed since we entered it, it is still no easy task to open a restaurant and the first year is by far the hardest to survive. These are a few tips that we used to tide over our business in the first year. According to a study by The Perry Group study most restaurants in the Philippines close during their first year of operation. 70% of those that make it past the first year close their doors in the next three to five years. 90% of the restaurants that are still operating past the five-year mark will stay in business for a minimum of 10 years. So as a restaurant business owner, what can you do to reach that 90% group? 1. Think and Breathe Like an Entrepreneur We believe that one thing that many restaur...

These 2 Mum’s Ran a Malaysian Alterations Empire for 16 Years

Before the year 2002, the few ways one could get their clothes altered in Kuala Lumpur after a shopping spree was to drive up to their neighbourhood alteration shop operated by a part-time seamstress in her home. While there was nothing particularly wrong with the way that alterations were being conducted, Za Altera founders Cheryl Cheah and Susan Liew realized that there was a huge gap in the market for such needs. 

The One Advice that Successful Restaurant Owners Won’t Tell You

As a restaurant owner myself, I started my entrepreneurial journey fresh with rose-coloured glasses. In other words, I was young, optimistic, and had fire in my blood to concur the F&B industry. Basically, I was naïve and idealistic. After the first 6 months of running my restaurant, I was ready to throw in the towel. I had designed my restaurant, thinking it would appeal to millennial, crafted out my menu, hired staff, sourced my inventory to making sure we had the freshest ingredients every day, and sourced for food bloggers to promote my restaurant. Instead, I found myself having to manage everything. From scrubbing down the kitchen daily, grinding the coffee, de-shelling the prawns, serving the food, wiping tables, polishing the floors, taking photos of the food on my own, washing ...

What To Do When Your Restaurant is Failing

If you’re faced with a failing restaurant business the first step is trying to solve the problem from within Your staff is the first place you should turn to when things go south. There is a reason you hired them in the first place. Try getting your accounting department to look over your restaurant finances or your marketing team to try out some new ideas in hopes of increasing sales. Don’t have a marketing or accounting team? That’s fine, there are a number of quick changes your restaurant can make to start bringing in more customers. Partner with a restaurant reservation service Your restaurant isn’t attracting many new customers, and that might not be entirely your fault. Restaurant’s located in poor locations, or restaurants that have recently opened often need more effort...

The Importance of Providing Health Insurance for your Employees

Health insurance will cover your employee’s medical and surgical expenses, encouraging them to visit the doctors more regularly. But why should you provide health insurance for your employees? And why is it so important for your business? This article will explore the impact of health insurance on your small business. 1. Increased Productivity With health insurance, your employees will not hesitate to go to the doctors when they catch a flu because they are not held back by financial constraints. This speeds up the recovery period and minimises any decreased productivity while your employee is sick.  Most importantly – it prevents the whole company from falling sick together. Contagious flus may bring everyone down together and multiple MCs on the same day would significantly delay a...

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...

Become a Successful F&B Manager with These Tips

Being a F&B Manager is not easy. You have to deal with chaotic peak hours, inconsistent part timers as well as accounting for daily sales. Having been in this role before, I have gathered some questions that I wish someone had asked me while I was manager. 1. Are You Managing Or Controlling? It is key to understand the difference between managing your staff and controlling them. Business Dictionary states that management is the organization and coordination of the activities of a business in order to achieve defined objectives. Controlling, however, merely requires you to delegate different tasks to your staff.  This is inefficient in the long-term. Remember that your staff are human beings too and do not operate like robots. Share with them your visions for the business so they feel l...