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Many people aspire to start their own business and be their own bosses and there’s honestly nothing wrong with that. The barriers to starting a business in Singapore are low and as a result, many business startups choose to base their operations here.

Although many have started their own business, there are also many who have failed. Statistics show that 50-70% of startups fail within the first 18 months. If you’re thinking about starting a business and you’re unsure of how you are going to go about it, here are some tips to get you started.

What Kind/Type of Business?

Yes, you may have a great business idea but if your business idea does not meet market needs or if there is no market demand for it, you probably will want to think twice about starting your business.

The kind of business that you want to start will also affect the type of business structure for your business to operate from.

In Singapore, there are generally 5 kinds of business structure that you can decide on; a sole-proprietorship, a partnership, a limited partnership, a limited liability partnership, and a company. All of them have got pros and cons and you will need to assess which business structure is most suitable for you.

Retail Business EntrepreneurGenerally, if you are a one-man-operation (OMO), I would suggest that you start a sole-proprietorship because you will be in full control of your business. But of course, if you fumble and make wrong business decisions, your liability is likewise unlimited. Usually, I will never recommend a partnership and a limited partnership because having worked with all kinds of people, I have concluded that most partnerships turn sour and you wouldn’t want to end up incurring losses just because of some unwise decisions that your partner makes without your consent.

How Much Capital Do You Want to Invest?

Please do not think that the more capital you invest, the greater your returns will be. Your returns depend very much on how the capital is being used. More capital can probably mean more money to buy more products, rent a bigger space, or even buy time to sustain the business.

I often see many Facebook Ads that tells many fantastic stories of how individuals can invest, can start a business, can own properties with no money and etc but truly, such ads will often lead you to sign up for previews or workshops that will set you back by thousands of dollars.

Keep A Lookout For Business OpportunitiesIf someone tells you that you need $0 capital to start a business, you probably need to be wary. As you go about looking out for business opportunities, always keep the bigger picture in mind and don’t be swayed by fads and trends. Yes, you can start a business with low costs but low costs don’t mean zero cost. Even starting a sole-proprietorship will cost you a minimum of $65.

For businesses that offer services, the startup costs are generally lower than businesses that offer products. When you buy products to sell, you will need capital and where are you going to get that capital from?

If you want to start a business full-time, you minimally need to have at least 6 months of living expenses. If you don’t, consider hanging onto your full-time job while working on your business part-time. This will ensure that you have sufficient cash flow to maintain your current lifestyle.

Do You Have A Backup Plan?

A backup plan is essential. There’s a common saying, ”When you fail to plan, you plan to fail”. What are you going to do if your business doesn’t turn out well? When will you throw in the towel and admit that starting a business is just not for you? There will be many instances when you will be tested and it is important to recognise how and where you are going to draw the line. Will you still be employable when you call it quits? These are just some important questions that you need to think about when you start a business.

How Marketable is Your Business?

I can’t stress this point enough but yes, marketing is essential and highly important! If you don’t market your business, how are you going to get the sales that you need to sustain the business? The most basic form of marketing collaterals that you probably need will be your business cards and products/services brochure. First impressions count and no matter what people say nowadays about how print collaterals no longer matter in today’s business dealings, you will be surprised at how handy they can be to share about your business. Printing services in Singapore are aplenty and choosing the most reliable and wallet-friendly option is the way to go if you want to keep costs low. The next step after getting your print collaterals will be to identify your unique selling proposition, who your competitors are, and what makes you different from them. All these will affect how you are going to pitch your business to prospective clients.

Well, I certainly hope that this post would have helped you to think deeply about what it takes to be an entrepreneur. There will always be risks associated with starting a business; the greater the risks, the greater the rewards, the smaller the risks, the smaller the rewards.

Do share this article if you have found it helpful!

Unlike film and television productions, visual art is something that is relatively foreign to most people. Therefore, artists have to truly display unparalleled skill and technique, in order to transcend time and gain prominence in the public’s eye.

Today, to be esteemed as a true master of the arts, one not only needs to display sheer talent and brilliance, but an artist must also have the ability to create stunning pieces that stand out amongst the thousands of other works of art that are constantly being created.

1st-art.com works relentlessly to bring classic masterpieces from the middle ages all the way through to modern art, to art lovers around the world.

In their collection, you can find masterpieces from some of the world’s most famous artists which have been displayed for centuries in some of the most prominent galleries on the planet. From New York’s Museum of Modern Art to the Guggenheim museums in North America, Europe and the Middle East, they strive to provide their customers with stunning oil painting reproduction that are sure to impress anyone who sets their eyes on them.

Famous Artists Across History

Below, you’ll find just a few of the famous artists whose masterpieces can be reproduced by our skilled artists to become the next addition to your collection.

Read more on the risks of buying art reproductions here.

Michelangelo

Not only was Michelangelo a skilled painter, he was a renowned sculptor who created the David and Pieta and also a talented architect who designed St Peter’s Basilica in Rome, Italy. Furthermore, while unbeknownst to most, Michelangelo also wrote poetry and is credited with the design of Pope Julius II’s tomb, which was completed in 1545.

Rembrandt

As one of the world’s most prominent Dutch artists, Rembrandt was an exceptional artist who created many stunning masterpieces such as Belshazzar’s Feast (1635) and The Night Watch (1642). He was also a draughtsman and printmaker who is acknowledged for his incredible ability to extract the feelings of his subjects and transpose those emotions into his works.

Pablo Picasso

With a name that has become synonymous with contemporary art, Picasso is known around the world as one of the most famous artists of the 20th century.

According to most art experts, Picasso overturned the entire field of art with his radical introduction of the Cubism movement, which singlehandedly destroyed the traditional representations of matter and paved the way for all contemporary artists to come.

Henri Matisse

Born in Le Cateau-Cambresis, France, Henri Matisse was not only an innovative artist but also a skilled printmaker, draughtsman and sculptor. Most of Matisse’s work focuses on the delights of playfully bright and flashy colours, as well as the idea of symbolism, which has brought the artist to international fame.

Read more on Henri Matisse here: https://www.henrimatisse.org/

Vincent Van Gogh

Known mostly for his mental instability, Van Gogh has managed to transcend time and has become one of the world’s most famous and beloved artists. His technique used an innovative and unique style of frantic brush strokes, which gave his work a very different appearance from most of the art being created during his time. Without a doubt, Van Gogh’s works have inspired countless generations of artists and will continue to do so well into the future.

Jackson Pollock

At first, Pollock was a rather conventional painter and he was plagued with addiction problems, self-doubt and a nearly debilitating case of awkwardness. Fortunately, between the years of 1947 and 1950, Pollock managed to use his weaknesses to create original works of art that would eventually lead to his fame spreading around the globe.

His technique involved laying his canvases on the floor and then dripping or throwing household paint onto it. This created radically original pieces that left a clear record of Pollock’s movements while he was in the creation process.

Leonardo Da Vinci

Da Vinci is considered to be one of the greatest minds of his time and is regarded by many as the original Renaissance Man. Not only has he gained fame and was internationally renowned for his masterpieces, such as The Last Supper and the Mona Lisa; Da Vinci is also credited with designing many avantgarde technologies such as the flying machine, steam tanks and automobiles.

Claude Monet

Monet is credited as being one of the founding fathers of Impressionism and is known for his use of bright vibrant colours and as well as painting using short, quick brush strokes. He was known for his love of nature and often used his gardens as inspiration for his works, which can be seen in his most famous collections of paintings, Water Lilies.

Edvard Munch

Although Munch’s artistic career was far more than just one single painting, he is most often known for his anxiety-ridden masterpiece, The Scream. Munch is known for his use of pastel colours, which give his works a certain touch of surrealism and adds to the feelings expressed in his work.

Although the Scream was painted more than a hundred years ago (in 1893), one of Munch’s variations of the painting was sold in 2012 at an auction for the jaw-dropping price of $120 million US dollars.

There are so many ways to use technology in business that it’s impossible to count. Yet, there are some in particular which you might need to think about if you are to try and improve your business as best as possible. Sometimes, it turns out, the smaller technological solutions are the ones that make the most of a difference to the company in the long run. Understanding this, especially knowing which areas,  can help you to appreciate the power of technology in any business in the world. In this post, we will look at just a few of the smaller and more subtle tech solutions which can make an enormous difference to the business – any business – in the long term.

Using Templates

When you are trying to communicate openly with people across the business, it can be hard to make sure that everything is properly understood. There are however a number of ways to get around and improve this situation, and one of the best is to simply use templates. By having company-wide templates for different kinds of documents, you can ensure that there is likely to be no deviation between them. This makes communication clearer, simpler, and easier; and that means less confusion throughout the business on the whole. As you can see, using a service like https://www.templafy.com/ can really make a massive difference to a company, even if it only appears to be a small technological change at first.

Analysing Customer Data

The actual process of collecting and analysing data on your customers is not very difficult. It doesn’t take up much time, or even much computing power, and it is unlikely that you will have to manually pore over it very much. In other words, it is the best kind of helpful technology – that which does what it does without any need for loads of input or attention. Yet, having this data is largely valuable and it might mean that you even end up changing your entire method of dealing with your customers. This might translate into more customers and an improved marketing scheme in no time – and all just with a simple program running in the background. See https://www.dummies.com/ for more on this.

Timers

Sometimes, it’s not all about the software you can use on your computers. There are plenty of clever subtle technologies which you use and rely on every day which you may not realise but yet make a huge difference to your company in the long run. A perfect example of this is the motion sensor timer that you most likely have on some of your office lights. These turn off after a period of inactivity, meaning that less energy is used and wasted, and ultimately leading to lower energy bills and a greener business. Clearly, such a small piece of technology can have a profound effect on not just the business, but the wider world.

When you started your business, you probably did so with a city office in mind. There’s just something satisfying about high-rise buildings and bustling streets. Cities like Singapore are the business capitals of the world, and you can rest easy once your business is based here.

But, as with most pipe dreams, an office in a big city isn’t always what it’s cracked up to be. Undeniably, that high-rise facade will impress investors. To start with, it may even attract a whole new quality of staff. After all, most professional go-getters dream of city jobs. However, it’s usually not long until this becomes an issue of ‘be careful what you wish for.’

The simple fact is that those who work in cities often display much higher levels of stress. It’s no surprise, given the levels of traffic and the length of commutes. For obvious reasons though, a stressed workforce is the last thing you need.

Hence, this is why you should do what you can to create a sense of calm in your central office. But, how can you achieve that?

Work Around Rush Hour

If you want to stress your staff out before they start, open your office for regular business hours. Roads and public transport become unbearable as people rush for a nine AM start. Your staff may have to wait hours in traffic or stand like sardines in the trains. Not the best start to the day. And, if they don’t finish until five, they’ll face the same thing later. But, getting around this is easy. By opening and closing your office just half an hour earlier, you give staff the chance to avoid rush hour. And, that in itself can go a massive way towards reducing stress.

Provide the Chance to Work from Home

Even when you work around rush hour, the city is a busy place. Sometimes, your staff may just want to settle down and work without worrying about crowds. It’s for this reason that many companies now allow staff to work from home at least a few days a week. And, you could benefit from doing the same. Getting this right is as simple as looking into virtual desktops like those offered by Arnet Technologies, Inc. This will allow employees to access and share their jobs without needing to be in the office at all. It doesn’t get much better than this especially when you can reduce those stress levels.

Introduce Casual Days

Big city jobs often come hand in hand with smart suits and briefcases. These are, obviously, essential for portraying a professional image. But, if no clients or investors are due in your office, introducing casual days could also serve you. Let’s be honest; suits aren’t exactly good for getting those creative juices flowing. Instead, they’re uncomfortable and leave us on edge all day. Instead, consider introducing casual Fridays. The mere knowledge they can turn up in comfortable clothes could work wonders for destressing staff before the weekend. And, it doesn’t cost you a thing. Give it a try and see how much of a difference it makes.

Singapore’s multi-ethnic, multi-lingual demographic contributes to the diversity that makes living and working in the country worth it. In addition, this diversity, the quality of life for professionals in the city is quite high with many earning a substantial salary. Throw in the many beautiful sites and diversions, and you have a country rife with opportunity and resources.

Furthermore, the business and residential landscapes support industry from around the world. Singapore’s coworking scene is looking to reinvent itself while incorporating more of life into many of its workspaces. With many variations on the coworking space, professionals working in the city or stopping in for a short while can find something to fit out their outfit.

Let’s take a look at what you need to know to get the most out of your coworking space in Singapore.

Contemporary Coworking

The typical coworking office places professionals in a shared space where they have the opportunity to rent a hot desk or a dedicated desk. Furthermore, professionals benefit from this low-cost alternative that provides them with office equipment and amenities. Take a look at Servcorp’s coworking Singapore’s site at http://www.servcorp.com.sg/en/coworking/ to view one version of the way coworking spaces operate.

Singapore’s take on the coworking space has grown to include spaces that cater to a variety of populations. Female-centred coworking spaces and industry-specific spaces offer a variety of perks including daycare for working parents and activities centred on professionally relevant topics. There are also spaces that focus on nurturing start-ups.

Sense Of Community

One of the most important aspects of the coworking space is the social interaction that it provides its occupants. While the purpose is to work, much of the networking that takes place in the community is the foundation of such businesses. The culmination of networking in the coworking space is usually connecting with mentors who act as a resource and collaborating with others in the space.

The collaboration is important because, if successful, can raise your business’s visibility in the Singapore business community. Furthermore, the collaboration is one way to learn about an array of industries while working toward business growth. Ultimately, when joining a space, consider whether the outfit has a sense of community.

Prime Location

Regardless of the industry, location is extremely important when looking for a space. In general, offices that are located near CBDs tend to offer businesses more in terms of access to resources and traffic. In Singapore, businesses that are near Marina Boulevard, Market Street, and other prime locations are attractive and prestigious. The benefit to coworking is because you are essentially paying for space on an as-needed basis, your rent is going to be drastically reduced.

Coworking Etiquette

Coworking is primed for social interaction and this social interaction is pretty much a part of Singaporean culture, as business relationships are founded on family ties and friendship. Even so, being overly social in the coworking space does have its drawbacks, namely, lack of productivity. To avoid offending others at work, avoid some of the following behaviours.

Most coworking spaces come with cafés and lounges, and so if networking or even just hanging out, seek those areas so that you will not distract others who might be working. Also, hot desking presents opportunities to spy on your neighbour’s work, which might be sensitive, so try not be too intrusive. Finally, if you need to listen to some music while working, bring your own earplugs so that you will not disturb your neighbours.

Finding Space In The Coworking Singapore

The coworking format in Singapore runs similar to most. However, professionals benefit from spaces that cater to their various needs while providing a community with their services. In your hunt for office space, consider the many opportunities, including networking, that a coworking space can offer your business.

Billions of dollars change hands within the online community. In fact, there are countless entrepreneurs who are now employing their e-commerce site as a full-time position. If you already have a clever product or service that will appeal to the public, the first (and most difficult) hurdle has already been overcome.

The question now, is how you will be able to transform this dream into a digital reality?

You will be happy to learn that the world of online promotions is well within your reach. However, whether or not such a concept is realistically achievable depends on the approach that you take as well as the software that is employed. It is wise to examine both of these concepts in greater detail.

Understanding the World of E-Commerce

Electronic commerce (E-Commerce) is simply defined as goods or services changing hands between two or more individuals within the online community. In other words, you will sell a product to a buyer for a specific fee. This principle is no different when compared to the physical retail environment. The main disparity is how these sales are achieved.

You will need to possess a user-friendly and intuitive e-commerce platform if you ever hope to increase sales while still appreciating how your product is performing. This is why selecting the best e-commerce platform is pivotal to your success.

Some of the important qualities to take into account are therefore:

  • Ease of use
  • Flexibility
  • Cross-platform compatibility (a bundle that works with mobile devices as well as personal computers)
  • A host of relevant themes to choose from

You might understandably be concerned about coding. Modern e-commerce platform service providers have included a drop-and-drag functionality within their design, so you will literally be required to do nothing more than point and click on specific sections in order to change their appearance. These are perfect solutions for those who have never owned an online store in the past.

Embracing the Correct Mindset

Even if you successfully create an online store, it should be a foregone conclusion that becoming a millionaire overnight is virtually impossible. Much like in the real world, success takes hard work and an eye for detail. You will also require a great deal of patience as building up a loyal client base can be a moderately slow process. There will likewise be instances when a specific sales or marketing campaign does not go as planned. Modifications could be required in order to adhere to the needs of your clients. Although such changes are associated with a certain amount of intuition, modern e-commerce platforms will provide additional insight in the form of real-time analytics. You can therefore enact smaller changes before they snowball into more profound issues.

Engineering a functional online sales platform from the ground up is much easier than you think. Still, any future success will depend just as much upon the tools that you use as it involves hard work and a fair share of dedication.

There are different types of florist business. If you are planning to open your own flower shop but you are not sure how to go through with it or where to start, then you must know that there are many types of florist business that you can try. The most common is having your own shop!

Here are the different types of florists in Singapore that you may have encountered.

The Online Florist

Most florists online are either stationed at home or they are just the ones that advertise or manage a website for different local florists who want to have more exposure. This is the most common type of florist that you will find and they are often the ones who are highly sought after by customers because ordering online almost always means there is a delivery and who would not want that kind of convenience?

The Home-based Florist

If you like the idea of working from home, this is probably the easiest type of florist business that you can get into because you do not need a shop space and you can easily convert your home into a shop. Most home-based florists get contacted through the phone or online. They can make their flower arrangement at home and most of them might offer a florist delivery service. While home-based florists are not common, it can save you a lot of money and it could even end up being a family business. The only challenge is where to get your stocks of fresh flowers and how to store them.

The Flower Shop Florist

This is the traditional brick and mortar type of florist who has bought a separate space to set up their shop and they are more often than not the more experienced ones; especially in the handling of the business and managing countless orders at the same time. They are also the ones who may provide same day flower delivery service for their customers. Most of them can be found online as well, especially if they have thought about expanding their reach on their target audience by going online. Not all flower shops have their own website though; only those who are confident enough to handle numerous numbers of orders through their shop and their online store.

You can be either of these, or all of them at once. It just depends on you and how confident and willing you are to work for your flower shop. The easiest would be being online, and the cheapest would be the home based but the one that could reach a huge target audience would be the combination of being online and having your own flower shop by a busy street or inside a mall. Either way, these are different ways that you can explore to start your own flower shop.

If You Are An Aspiring Florist, Learn How to Bloom Your Florist Business Here!