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How to start a business?

Discuss your views about Singapore business & economy, current policies & issues, starting a business in Singapore.
donnieclark
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How to start a business?

Postby donnieclark » Mon, 29 May 2017 6:31 pm

I want to start a business, but I dunno how much do I need to prepare? what should i buy? can anyone guild me for it? My friend ask me to buy some software like CRM and Accounting System, I think that should be one part of the business at the starting.
I have also heard there are gov grant can be used, like PIC, CDG, ICV.... but i have never apply before, can I use these grant to start my business? Please Help. Thanks !
I didn't find the right solution from the internet.
References: http://forums.sgclub.com/singapore/how_ ... 36336.html
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terralovina
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Re: How to start a business?

Postby terralovina » Wed, 31 May 2017 11:42 am

Hi,

Refering to what you said: My friend ask me to buy some software like CRM and Accounting System, I think that should be one part of the business at the starting. ----> This is not true. I own my own business and also know many other people who do. I can confidently say that this is not a criteria. I do not need to buy any of those softwares to start up my businesses.

I also know some people who try to cheat me and my friends. Saying that buying those CRM & accounting softwares are claimable by PIC etc etc- though in a way it is claimable, but only certain % is. In the end you will also end up forking out your own money for softwares that you do not actually need (they are not even cheap in the first place!). So just be careful. May I know what kind of business are you thinking to open?

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Strong Eagle
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Re: How to start a business?

Postby Strong Eagle » Wed, 31 May 2017 9:32 pm

You need a business plan... what you will sell, who you will sell it to, and for how much... what it will cost to make and sell... how you will market your product or service... how you will handle the competition.

Without a business plan you will fail. Read up on how to create a business plan. You will learn much about how you need to think about running a business. Your first step is NOT buying something, your first step is thinking about what you will do.

http://www.herberts.org/miscdocs/Sample ... ntents.pdf


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