Chart of the day:gamma wrote:I seek genuine views from bloggers about success ratio of start up small business in singapore. It is one of the best place for business. Does it mean that competition is intense and startups find it difficult to survive?. I am looking to move to sing for work/business. Is there any restriction on repatriation of capital/profit.
ksl wrote:There is some interesting research on the internet with regards to Business in Singapore and if you look hard enough you will also find the statistics on failures too. Contact Acra they will have a good insight to the truth. My own guess is 9 out of 10 fail within the first 3 years.
http://www.nytimes.com/2001/03/24/busin ... ing24.html
There are also some points you may wish to think about from the survey in New Zealand
http://www.smu.edu.sg/events/apira/2004 ... escott.pdf.
Many entrepreneurs need to outsource their weak areas, after a SWOT as been carefully done, business is like education, it's never ending, the hardest thing of all is how do you identify a good business leader or Consultant from a poor one!
Is it by the car he drives? How does one measure success? How do you become a leader? Knowing where you belong in the hierarchy, will also help you with what you have to do, to be successful if you are uncomfortable leading appoint someone.
Not all people are leaders, and not all business is successful, being flexible and able to sacrifice your pawns to save the queen is always a tough call. collecting assets and not liabilities is one key to success, it includes your employees too, if they don't perform, why keep them. Reward those that perform they have earned it, they make money for you, treat them well.
All business is team work, so share the spirit with all that have earned it!
Sorry about that, try this link http://www.smu.edu.sg , then search for prescott.pdfgamma wrote:Thanks ksl for very useful post. Newyork times article is thought provoking. Hmm.. probably singpore government never intended to kill innovation but it looks like a by product of too much of control and spoon feeding. But i am optimistic.. Probably an outsider like me could still managed do well and survive.
Buy the way i could not open the other link in your post.
any other use ful comments from fellow bloggers.
ksl wrote:There is some interesting research on the internet with regards to Business in Singapore and if you look hard enough you will also find the statistics on failures too. Contact Acra they will have a good insight to the truth. My own guess is 9 out of 10 fail within the first 3 years.
http://www.nytimes.com/2001/03/24/busin ... ing24.html
There are also some points you may wish to think about from the survey in New Zealand
http://www.smu.edu.sg/events/apira/2004 ... escott.pdf.
Many entrepreneurs need to outsource their weak areas, after a SWOT as been carefully done, business is like education, it's never ending, the hardest thing of all is how do you identify a good business leader or Consultant from a poor one!
Is it by the car he drives? How does one measure success? How do you become a leader? Knowing where you belong in the hierarchy, will also help you with what you have to do, to be successful if you are uncomfortable leading appoint someone.
Not all people are leaders, and not all business is successful, being flexible and able to sacrifice your pawns to save the queen is always a tough call. collecting assets and not liabilities is one key to success, it includes your employees too, if they don't perform, why keep them. Reward those that perform they have earned it, they make money for you, treat them well.
All business is team work, so share the spirit with all that have earned it!
gamma wrote:Hi KSL, I could not PM you. I don't have enough post to do that. I don't know how many posts i need to do "PM"
yup..Strong Eagle wrote:gamma wrote:Hi KSL, I could not PM you. I don't have enough post to do that. I don't know how many posts i need to do "PM"
Five - anti-spam measure. Reply to this and you're in.
I still see Singapore as a place that still has opportunities compared to the dense and aggressive software industry in Silicon Valley as an example (from my point of view as a software engineer).gamma wrote:I seek genuine views from bloggers about success ratio of start up small business in singapore. It is one of the best place for business. Does it mean that competition is intense and startups find it difficult to survive?. I am looking to move to sing for work/business. Is there any restriction on repatriation of capital/profit.
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