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Company startup support

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sampharo
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Company startup support

Postby sampharo » Wed, 13 Feb 2008 9:46 pm

I was replying to a post earlier with the idea for a business when it hit me that maybe I should ask and make sure there aren't ANY companies that do this professionally:

Do you know of any companies that professionally and efficiently advises you on and takes care of all the paperwork required to apply for a business and Entrepass in Singapore? As in a company that knows exactly what are the procedures and then carry it on behalf of their clients based on the needs: Gets them a local sponsor, knows how the business plan should be written, arrange for all the papers, knows and arranges with the right banks to open accounts and write guarantees. Why can't I find any companies doing that?! :???:

In Dubai they are a dime a dozen even though it's easier (though much more costly I gather)

Any thoughts?

Sam

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sundaymorningstaple
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Postby sundaymorningstaple » Wed, 13 Feb 2008 10:28 pm

sampharo,

Check out the links on my links page in my signature under the heading of "Starting a Business?" At least one of the and possibly two deal exactly with what you want.

sms

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ksl
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Re: Company startup support

Postby ksl » Thu, 14 Feb 2008 12:06 am

sampharo wrote:I was replying to a post earlier with the idea for a business when it hit me that maybe I should ask and make sure there aren't ANY companies that do this professionally:

Do you know of any companies that professionally and efficiently advises you on and takes care of all the paperwork required to apply for a business and Entrepass in Singapore? As in a company that knows exactly what are the procedures and then carry it on behalf of their clients based on the needs: Gets them a local sponsor, knows how the business plan should be written, arrange for all the papers, knows and arranges with the right banks to open accounts and write guarantees. Why can't I find any companies doing that?! :???:

In Dubai they are a dime a dozen even though it's easier (though much more costly I gather)

Any thoughts?

Sam


You need 5 posts before one can PM you!

And soliciting business in the forum is not allowed...

Although i am qualified! Your business idea's would have to be done by the book, to be a professional job, guaranteeing success of the entre pass. I am qualified in the appraisal of business projects, and especially export penetration.

I am also interested in Dubai...need some reliable contact...for another venture in Dubai.

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not much competition

Postby vj.cash » Thu, 14 Feb 2008 3:34 pm

not much competition in this space
and rack rates almost same
wot is the cost in terms of time, energy and money , if we dont take such representatives help

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ksl
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Postby ksl » Fri, 15 Feb 2008 4:35 pm

well I guess if you look at it from another perspective, it will give you an idea, of cost
not much competition in this space
and rack rates almost same
wot is the cost in terms of time, energy and money , if we dont take such representatives help


Let's look at a Company wishing to penitrate another market place, with a product launch.....One with an export department and one without and export department.

Export Consultants time is costing between 50 to 75 pounds per hour. and it's alot of money, so even to have an export department with one consultant, at a guess I would say, 35 to 50.000 a year, to employ a cheap one...with no experience....Plus the costs involved to supply him with the tools of the trade like office and equipment, you will not see much change out of 75.000 pound.

Compared to a company, with no export office, and sell one or two products abroad, and believe they are exporters......They haven't a clue, about the market, they sell too, or the culture involved, they are naive, and stuck in a mindset, of i can do it all, and get no where over several years, there is no planning or updating, the mindset is stuck, with no vision, and the company dies a certain death over time...

One can be a good businessman on ones own patch, but when one is abroad, you have to adapt, to the Countries way of doing business in double quick time, to blend in, traditions and ethics count....

I can tell you of one instance of a European, who was flying into Japan, for a business meeting, the Japanese businessman, was at the airport, to meet the European...and stopped to purchase beer, before coming out of the airport...The japanese businessman feeling insulted, that the European had put beer, before their business meeting, ended the discussion, with the meeting being cancled. Japanese Etiquette is essential, just like anywhere else in the world, respect is the word of business.

Where the other company who is interested in internationalisation, jumps for the opportunity to hire an Export Consultant, either through the Chamber of commerce or a freelancer, which is normally cheaper....

Grants and subsidies are avialble for the intial export attempt, normally by government, and it subsidy varies, for a desk top research and feasibility study of a market. from 35% to 50% for the feasibility study to 50% to 75% for an intensive product launch, of which an Export Consultant will do on the behalf of the company, allowing the break through to setup, an office in that Country if needed.


For a business person wishing to set up in Singapore, he would have to do some comprehensive, research, in the market before, attempting to setup, otheriwse he takes a very high risk venture.

I belive an experienced export consultant, may have a few steps in front of the normal businessman, because the exporter, would normally have cultural backgound knowledge, and a methodology of reaserch, within databases, that the normal businessman, knows, nothing about.

So time = money = which reduces risk. Desk reaserch is normally a 1 month to 3 month evaluation, field reasearch can also vary from 1 month to 6 month, and a startup or product launch would look at 3 years, before, coming to any conclusions, its all about budget, and quality of professionalism employed, to identify risk. and to prioritise the risk, through discussion, with the employer!

This is a niche area of employment, which is taken on by Export Consultants, rather than business development consultants, unless, they have hands on experience of overseas business development, in setting up new projects.

Normally they can work to a budget, to setup a new company and do the risk assessment

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Re: Company startup support

Postby Winxkid » Mon, 17 Mar 2008 2:29 am

sampharo wrote:I was replying to a post earlier with the idea for a business when it hit me that maybe I should ask and make sure there aren't ANY companies that do this professionally:

Do you know of any companies that professionally and efficiently advises you on and takes care of all the paperwork required to apply for a business and Entrepass in Singapore? As in a company that knows exactly what are the procedures and then carry it on behalf of their clients based on the needs: Gets them a local sponsor, knows how the business plan should be written, arrange for all the papers, knows and arranges with the right banks to open accounts and write guarantees. Why can't I find any companies doing that?! :???:

In Dubai they are a dime a dozen even though it's easier (though much more costly I gather)

Any thoughts?

Sam


there are companies doing it.... what do U mean by you couldn't find.. tsk tsk.... they belongs to the business consulting category. However, You need to check whether are they doing the same service that you are providing or not.
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