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100years

Any site to help newbie in starting business in singapore?
« on: July 23, 2016, 08:13:57 pm »
have been thinking of a new business for the past few years and thankfully been saving enough for capital and working hard on the concept.
was wondering if any one here has the experience of doing a new business, or can point to any website that helps with all these new concept that is not new to me.
such as what to register with ACRA, what to pay taxes to the government
what license i need for any business,

and more importantly, calculation of my profits. what to beware, what not to miss in starting a new business, hiring, cpf info and stuff... etc.

appreciate any help

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dloreangel

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Re: Any site to help newbie in starting business in singapore?
« Reply #1 on: August 01, 2016, 12:09:13 am »
Starting new business
u can try this site, not bad. all the articles are for helping new businessmen and startups.
probably can learn a thing or two from them.
Loving life here!

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Irene Kuok

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Re: Any site to help newbie in starting business in singapore?
« Reply #2 on: August 06, 2016, 08:45:25 am »
have been thinking of a new business for the past few years and thankfully been saving enough for capital and working hard on the concept.
was wondering if any one here has the experience of doing a new business, or can point to any website that helps with all these new concept that is not new to me.
such as what to register with ACRA, what to pay taxes to the government
what license i need for any business,

and more importantly, calculation of my profits. what to beware, what not to miss in starting a new business, hiring, cpf info and stuff... etc.

appreciate any help

Hello 100years,

[ https://www.acra.gov.sg/components/wireframes/howToGuidesChaptersDetails.aspx?pageid=1755&contentid=1757 ] This link may be helpful to you if you are new in doing or starting a business entity. Singapore have 3 types of business entity you can setup, it may be confusing to read all of what has been written. So simplifying it would be, if you're solo / 1 pax and don't want to hire accountants or company secretary... it would be better to choose sole propreitorship. However it has the risk of "if you kana sued" (touch wood la) then your personal assets will gone down to drain too. So if you would prefer lesser risk, llp or pte ltd is better for you. The trouble is all the numberings have to be super accurate, exact and no mistakes. Plus a hassle for filing, and records (atleast to me, it's kinda troublesome) but some people don't mind the trouble.

For starting a business, and getting the revenue back and sustain.. you may also try to set up some Social Media platforms to gain exposure and people out of your own circles. Here are the "some" you may start with: http://www.businessnewsdaily.com/7832-social-media-for-business.html

Hope it helps.  :D ;) 8)
Irene Kuok
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Irene's Makan Adventure: http://sgfoodwanderers.blogspot.sg |
Irene wander the Good Stuff in Singapore!: http://goods-wanderers.blogspot.sg/ |
 Join me wander someday. Follow me on Google+ , Instagram & Facebook @ FOODWANDERERS

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Irene Kuok

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Re: Any site to help newbie in starting business in singapore?
« Reply #3 on: August 06, 2016, 08:50:29 am »
have been thinking of a new business for the past few years and thankfully been saving enough for capital and working hard on the concept.
was wondering if any one here has the experience of doing a new business, or can point to any website that helps with all these new concept that is not new to me.
such as what to register with ACRA, what to pay taxes to the government
what license i need for any business,

and more importantly, calculation of my profits. what to beware, what not to miss in starting a new business, hiring, cpf info and stuff... etc.

appreciate any help

Paiseh, missed out the CPF part in my previous reply.
For contribution of your own CPF, you may use this Calculator: https://www.cpf.gov.sg/eSvc/Web/Schemes/SelfEmployedMedisaveContribution/SelfEmployedMedisaveContributionLanding

For contribution of your worker, you can view the guide here:
https://www.cpf.gov.sg/Members/Schemes/schemes/other-matters/cpf-contribution-for-employees

When it comes to setting up a business, hiring and stuff. Please make sure everything is in black and white.  ;D
Irene Kuok
_____
Irene's Makan Adventure: http://sgfoodwanderers.blogspot.sg |
Irene wander the Good Stuff in Singapore!: http://goods-wanderers.blogspot.sg/ |
 Join me wander someday. Follow me on Google+ , Instagram & Facebook @ FOODWANDERERS


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100years

Re: Any site to help newbie in starting business in singapore?
« Reply #4 on: August 06, 2016, 02:50:05 pm »
Starting new business
u can try this site, not bad. all the articles are for helping new businessmen and startups.
probably can learn a thing or two from them.

thanks dloreangel! useful to know the link, i just liked their facebook page!

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100years

Re: Any site to help newbie in starting business in singapore?
« Reply #5 on: August 06, 2016, 02:50:43 pm »
Hello 100years,

[ https://www.acra.gov.sg/components/wireframes/howToGuidesChaptersDetails.aspx?pageid=1755&contentid=1757 ] This link may be helpful to you if you are new in doing or starting a business entity. Singapore have 3 types of business entity you can setup, it may be confusing to read all of what has been written. So simplifying it would be, if you're solo / 1 pax and don't want to hire accountants or company secretary... it would be better to choose sole propreitorship. However it has the risk of "if you kana sued" (touch wood la) then your personal assets will gone down to drain too. So if you would prefer lesser risk, llp or pte ltd is better for you. The trouble is all the numberings have to be super accurate, exact and no mistakes. Plus a hassle for filing, and records (atleast to me, it's kinda troublesome) but some people don't mind the trouble.

For starting a business, and getting the revenue back and sustain.. you may also try to set up some Social Media platforms to gain exposure and people out of your own circles. Here are the "some" you may start with: http://www.businessnewsdaily.com/7832-social-media-for-business.html

Hope it helps.  :D ;) 8)

hi irene! thanks for ur help.
great to have so much information. yeah learning 1 step at a time

just went to ur blog too! haha ^.^

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Irene Kuok

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Re: Any site to help newbie in starting business in singapore?
« Reply #6 on: August 08, 2016, 03:24:27 pm »
hi irene! thanks for ur help.
great to have so much information. yeah learning 1 step at a time

just went to ur blog too! haha ^.^

Haha. Cheers!  ;D ;)
Irene Kuok
_____
Irene's Makan Adventure: http://sgfoodwanderers.blogspot.sg |
Irene wander the Good Stuff in Singapore!: http://goods-wanderers.blogspot.sg/ |
 Join me wander someday. Follow me on Google+ , Instagram & Facebook @ FOODWANDERERS

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ventureguide

Re: Any site to help newbie in starting business in singapore?
« Reply #7 on: August 12, 2016, 09:14:33 pm »
anyone need help, please feel free to ask us.
let our collective wisdom (there are 12 of us) share our knowledge with all of singapore. haha

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Irene Kuok

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Re: Any site to help newbie in starting business in singapore?
« Reply #8 on: November 12, 2016, 03:12:50 pm »
Wrote a blogpost, for friends who can't decide what business to start... There's a few questions to ask yourself/himself/herself/themselves before starting a solid business you/he/she/them ever wanted..! Haha. Read it here: http://goods-wanderers.blogspot.sg/2016/11/cant-decide-what-business-to-start-no.html  8) ;D :D ;)
Irene Kuok
_____
Irene's Makan Adventure: http://sgfoodwanderers.blogspot.sg |
Irene wander the Good Stuff in Singapore!: http://goods-wanderers.blogspot.sg/ |
 Join me wander someday. Follow me on Google+ , Instagram & Facebook @ FOODWANDERERS

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ventureguide

Re: Any site to help newbie in starting business in singapore?
« Reply #9 on: December 24, 2016, 01:45:49 pm »
https://www.facebook.com/theventureguide/posts/1179837865405158

new venture post that will help anyone thinking of improving their lives =d

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Ava Taneer

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Re: Any site to help newbie in starting business in singapore?
« Reply #10 on: November 03, 2017, 09:31:28 am »
Theres a few points this article that I think you'd appreciate. Hope its still useful and a good insight. Maybe can also help others who are in this situation.


https://thenewsavvy.com/career/entrepreneurs/starting-a-business-in-singapore/