New Business Startup

9 Tips Foreigners Can Use When Starting A Company In Singapore

Anyone above 18 years of age can easily start a company in Singapore. The procedures involved are simple, quick and free from too many complications. In fact, the procedure can be viewed as 2 simple steps: Company Name Approval Company Registration Things to consider for Singapore Company Incorporation: A foreigner requires a suitable work visa/pass to work in Singapore. The most common ones are Employment Pass (EP) or EntrePass. The holder of the EP or EntrePass has the right to act as a director of a Singaporean company. Given that they have not been convicted of legal offence or bankruptcy, any person above the age of 18 is allowed to register a company. Company incorporation is to be carried out electronically using the online filing system provided. If you are a foreigner who wishes t...

How To Start A Drop Shipping Business From Your Home

In today’s relentless eCommerce markets, it has become common practice for retailers to use drop shipping services when sending their products. As drop shipping costs are usually low, retailers are able to keep their prices competitive and consumers happy. How Does Drop Shipping Work? Drop shipping is a simple concept. Essentially, it involves retailers who don’t keep an inventory of goods on hands. Instead, they work with wholesalers that fulfill orders and ship directly to customers when an order is placed. The general timeline of the process looks like this: Customer places an order with the retailer -> The order is forwarded to drop-shippers -> Order is prepared and shipped -> Customer receives their order The Pros & Cons

An Expat’s Guide To Opening A Business In The Philippines

Many expats are flocking to the Philippines as it has experienced significant economic growth over the past few years. Are you one of them? Or are you thinking of joining the club? As an expat myself, this article will explain how to open a successful business in the Philippines. If you are still considering whether it is a worthy investment – let me tell you right now that it is relatively easy once you understand how things work! So read on to make the most out of your investment. 1. What Type Of Business Can You Set Up?

How To Set Your Hair Salon Up For Success

There are tons of successful salon businesses out there catering to large demographics. How do you then plant yourself and your new salon amongst such intense competition? This article is a must-read for any aspiring salon owner that does not only want to survive but thrive in the salon industry. Read on how I set up my own business for success and how you can easily replicate that success. 1. Niche Your niche influences your location, pricing and branding strategy. If you want to cater to the higher class, locate yourself in an affluent neighbourhood and decorate your salon in a minimalistic and contemporary look. If you want to cater to the youth instead, portraying your business as convenient and hip may work better. Find an opening in the market by looking at all the niches that are al...

Open A Spa Business in 4 Simple Steps

Nowadays, an increasing pool of people are looking for an escape from the immense stress of city life. Your spa can be that haven where they unwind and recharge for the week ahead. In order to be that sanctuary for the weary, it is vital to look at very aspect of your business. These are the 4 areas and subsequent steps that you as a spa owner has to take to create the ultimate oasis for your client. 1. Find Your Niche Study international spa trends and see if there are any openings in the market. For example, if your area has a lack of Thai spa parlours, it would be a good market to tap into.  Other trends include wellness spas, mental health spas as well as affordable spas. 2. Find The Right Balance With Your Location

Why Are So Many Restaurants in India Shutting Down?

भारत में इतने सारे रेस्तरां बंद क्यों हो रहे हैं, यह जानने के लिए अपने फेसबुक खाते से लॉगिन करें

Set Up Your Own Restaurant in 9 Simple Steps

Having set up my own restaurant from scratch and with little help around me, I want to share what I have learnt with future business owners like you. It was not an easy journey but it was one worth taking. These 10 steps will give you a comprehensive overview of the technicalities of setting up a restaurant in Singapore. 1. If You Fail To Plan, You Plan To Fail Come up with a business plan – the more comprehensive, the better. Don’t be lazy to note down all the gritty little details as well about your financial goals, budget, marketing strategy, pricing strategy, daily operations, vendor list, hiring and training rules as well as your standards for customer service. Although this may all be ideals at this point of your operation, having a foundation for your standards and goals is im...

3 Things You Must Know Before Running a Food Truck

One of the quickest way to enter the restaurant business with a low startup cost is by setting up a food truck. Running a food truck business is a low-cost alternative to your usual brick and mortar restaurant. Similar to operating a traditional restaurant, the marketing, menu, and location are essential ingredients of a successful food truck business. While it may seem and sound easier to set up a food truck business, there are certain things that a new small business owner should be aware of before proceeding to do so. Here’s 3 things every new small business owner must know before deciding to run a food truck.  

Why Having a Business Plan For Your Restaurant is Always a Good Idea

There is much truth to the adage, “if you fail to plan, you plan to fail”. Annually, 60% of restaurants shut business after one and a half years due their inability to recover initial capital or to generate profitability. Many small business owners reported not having sufficient financial planning, or assuming their restaurant business would succeed simply because “customers said our food was delicious”. Because of this, having a business plan is crucial, to ensure that execution of setting up a restaurant transitions smoothly and to also guide a business owner through the entire process.  

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!