Business Posts

5 Business Success Tips For Entrepreneurs In Singapore

From all the publications about Singapore, you will note that this is a prime region to perch almost any type of business. So, do you wonder why? Singapore has all it takes to support business success from labor, favorable legal matters, and infrastructure just to mention but a few. Furthermore, its location and presence of many ports make it just perfect. One Visa Singapore is one of the agencies that help people to acquire a business visa and register the businesses as well. You too can use them. However, let us discuss some of the best business tips for entrepreneurs in Singapore.

5 Business Success Tips For Entrepreneurs In Singapore

Cater for the modern time needs

Forget the past! The modern world only asks you to be a creative thinker and an innovator. For most people, going for the modern ways of doing business like embracing technology, marketing and even making an online presence may seem too costly. However, Singapore is a fast developing country and no business can afford to be left behind.

Take well-calculated risks

Great business people in Singapore will tell you for free that business is all about taking a risk. However, what you need to know is that well-calculated risks put you in a better position to succeed. If there is a boom, take advantage of it. If there is a recess in the economy, approach the business with caution. If you are not sure about this, have a consultant to assist.

Understand your market

Doing a market survey in Singapore is simple and straightforward. Some marketing agencies can help you assess the market you intend to penetrate and analyze the results for better decision making. Differentiation of the product to give you a competitive edge is only after understanding the market well. One more thing to know is that both international and local markets in Singapore are a bit different and they need different approaches. Again, a detailed research will put you into an advantage.

Get to know the current politics

Whether you are a foreigner or a local entrepreneur Singapore, hands on current political matters is very crucial. Most important, understand whether the current political status has any effect on your business and what you need to do to survive. Most businesses have failed when hit by a political wave that was too strong. However, it is not a game of cat and mouse between the political status and the business. This will not have a direct effect on the business in most cases.

Respect is key

People in Singapore shows great respect both to locals and foreigners who have come to invest there. Employees at all levels will rarely have disciplinary cases led by lack of respect to each other. Likewise, the owners of business need to respect both their staffs, clients and the suppliers. This mutual respect gives the business a better environment to grow faster and stronger.

With the above tips, business in Singapore is bound to thrive well both at local and international levels. Let yours be one of those which does not face any avoidable challenge.

Moving Up The Corporate Ladder Is Easier With Continuing Education

Project managers are generally the people put in charge of construction, engineering, or architectural projects and if you are in this position, you know that there is no such thing as learning too much about your job. After all, everyone can benefit from getting better at his or her job; whether you are just out of university or have been in the workforce for many years, continuous learning is always a good thing. When it comes to the project management field, there is both on-the-job learning and courses that you can take to learn more. The latter is a great way to improve your job knowledge in a simple, straightforward way. These courses are usually short but contain a lot of very valuable information, enabling you to learn what you need to know in a short period of time so that you can get back to work and apply that knowledge.

Moving Up The Corporate Ladder Is Easier With Continuing Education

Determining What Your Ultimate Goal Is

When you picture yourself five or ten years from now, what do you see? Most people see themselves moving up in their jobs and for this to happen, you have to have both knowledge and experience. Taking classes through companies that offer continuing education courses for professionals is a great way to accomplish this. These courses are usually less than one week in length but cover dozens of topics, all of which are important to your success. Topics can include key terminology, how to develop a great project team, planning and communication skills, and determining a fair price for your services. The typical project management course includes these and many other topics, all designed for one purpose: to help you learn what you need to learn so that you can move up in your career.

Helping You Improve and Grow

When you grow on the job, you grow as an individual, and continuing education courses help you do just that. Courses in the program management field are good for all types of supervisors including operational staff, members of your project team, contract management professionals, procurement supervisors, and even those in the technical and engineering fields. There are a lot of different types of managers and a lot of different career fields but if you are involved in any type of project management, regardless of the industry, continuing education courses can get you where you wish to be in future years.

Moving up the corporate ladder is a lot easier when you have the right tools and these tools often include outside courses that you can take to become better and more knowledgeable at what you do. There is no such thing as being too prepared or having too much knowledge and the proper training and education enables you to reach the sky if you want to, even if some day you aspire to be a CEO in a major company. Even if you are happy with the level you are currently at, taking one of these courses can help you do your job better and be more satisfied overall, meaning that both your work life and your personal life can improve.

3 Main Roles Of A Scrum Master In A Scrum Team

If you had been attached to any production unit you could have a better idea about the Scrum technology. You could have got the flavor of the new software which is helping to unite every wings of the company to work with the unity which not only increases the quantity of the product but also improves the quality. All the materials which are manufactured have to pass the quality control test and then only it is market for the final sale of the products.

3 Main Roles Of A Scrum Master In A Scrum Team

 The technology of Scrum and the 3 main roles of the system:

As said earlier it a joint effort of all the members of the company and they work jointly for the betterment of the company. However the three most important part of the scrum master are

  • Scrum Master
  • Product Owner
  • Development team

They have an important role to play in the decisions which are taken in favor of the company.

  • The Scrum Master:

It is believed to have a great role to play. It is a system which is totally different from the team leaders. It does not get in to the decisions made by the company however remain along with the others as the advisors in the company. They take part in all the meetings which are conducted to look into the various policies regarding the marketing strategy as well as other product related issues. They are most effective when there is meeting with the stakeholders however that do not have the necessity to obey the rule that the Scrum have made. The Scrum master has the power to give advice to the manufacturers to take the right decision.

  • Product Owner:

The product owners have the sole responsibility of what is to be made and decides on the cash flow for the making of goods and they also have an important part in the ROI. With the right set of knowledge of the Safe 4.0 Adavanced Scrum Master Course in Houston they are all prepared to chalk out the plans which are to be followed by the other members.

  • Development team:

This is another important segment which has a direct control over the making of the products which is the main element which includes the all the planning and the strategy. If this is not improved then nothing works well. That is the reason trainings like  Safe 4.0 Adavanced Scrum Master Course are conducted. This gives them about the policy one has to be adopted and which will help in raising the production of quality products and they also come in bulk.

Hence it is the Scrum technology which joins every single one in the company at any point of time. Everything here falls in line and things are organized so well that nobody feels that they never over burdened. Each one joins hand to blend the traditional process along with the new technology which gives quality and quantity products coming out of the production department.

Ways To Become Successful Businessman With Leslie Hocker

Starting a business is easy but making it successful is not the easy thing to do. Many people are there who wants to enjoy the success in their business but unfortunately due to some or the other reason they unable to. One needs to have the proper strategy and planning for the business so that they can run their business successfully. Before starting any business one should know what they are going to do and what they exactly wanted to do. One can also take the help of the reputed business consultants like Leslie Hocker to boost their business strategy in a simple way.

Discussing some ways that can help you to become successful businessman:

Spend some time with your consultant

Before executing any strategy to your business, it is very important to consult with your business consultant. They will help you to understand the things better and will provide the best solution. If you are not satisfied then you can watch the videos of Leslie Hocker where you can get the solution of your business problem very easily. He is a very well known business consultant and providing her services to the people who are struggling with their business problem.

Ways To Become Successful Businessman With Leslie Hocker

Teamwork plays a vital role

To be successful in the business, teamwork plays a very important role. When the team will work effectively then automatically the business will grow easily. In other words, one can say that it is very important to hire the people very wisely. Make the team that can give you the productive output. Team with the skilled and talented employees will surely take the company to another level. Successful people focus on the teamwork rather than working individually.

Acquire to do the business

To be a successful businessman, one should learn to run the business. Always try to learn the new things and adapt the new techniques that help your business to grow. No one is born with the business mind or trick. People learn when they start doing the things of their own. Don’t stick with the old techniques of the business instead go for the change so that your customer can get the best services as well as the product from your company. When you will start to learn to do the business automatically your business will start to grow in no time.

Promote your business effectively

If you want to be the successful businessman then it is very necessary to promote your business in an effective way. There are numbers of ways through which one can promote their business easily. Choose the effective way for promoting your products or the services so that you can get the positive response from the customers. The more you will promote your business the more you will grow your business in no time. It depends on you that how you promote your business. Moreover, people can use the technology for promoting their business and can get the success on it easily.

Establishing A Representative Office In Singapore

Being an owner of a business, you’d be looking to establish a representative office in Singapore. If you’re still confused, don’t wait anymore to know about this. First, answering why to have an RO here? Unlike a subsidiary/branch office, an RO wouldn’t have any legal status. Rather, it will be viewed just as a liaison. This is the preferred option when you’re actually looking for any budding opportunities to grow your business in Singapore. This would help in probing the opportunities ahead of making any large-scale investment. Know about the process here…

Establishing A Representative Office In Singapore

Just an Extension:

It’s to be remembered that with an RO, you can’t perform any business-related activities to yield profits. This is nothing but an extension of your existing business with no legal statuses. Your RO will be restricted from signing contracts, negotiations, or involvements in trades. Also, it couldn’t lease any warehouse. The things you can do with your RO include:

  • Market research
  • Feasibility studies
  • Information collection
  • Building contacts
  • Handling enquiries
  • Participating in expos and trade fairs

When can you establish one?

Any foreign business that wishes to establish an RO in Singapore must exhibit a turnover of 250,000 US$ or more. It should be at least 3 years old. The RO should have a headcount of < or = 5 workers.

So, what documents are essential? Requirements include a completed application, main business’s registration certificate, latest annual reports, audits, and endorsements. Remember, all these must be in English. If not, translation to be enclosed. I’d say if your plans are on the horizon of the country’s RO system, you’ll not have any issue in getting the approval. However, at times, you’ll be asked to provide additional papers so as to clarify any doubts with regards to the application.

What’s the processing time?

Normally, it would take around a week for RO application to be processed by the corresponding personnel. This timeline starts from the time of submission. If any further clarifications are asked for, then it could be delayed by one/two weeks extra.

Post-Approval:

After approval, this registration will be effective for a year. After this, it should be renewed. Two months before this, you’ll receive a renewal notice. The renewal should be done one week before expiry. The maximum number of times you can renew your RO is three as it’s just an interim arrangement. Within this timeline, all the RO’s are recommended to be upgraded as subsidiary/branch. So, we can say this is a preliminary step in opening a branch/subsidiary.

What other things?

The name of the RO should be the same as the main business. It should be completely owned by your main business. This should have at least one representative, either a native or foreigner with EP. Your RO should have a registered physical address. A few businesses are allowed to use residential address too! There are some businesses which cannot establish an RO in the country. So before applying, check for eligibilities.