Entrepreneurship 22 results
  • How the Labour Movement can help Singapore F&B Business Owners Grow and Be more Productive

    Last Updated: December 7, 2015
    Hands up if you're a foodie... we all are, right? Do you ever dream of setting up your own F&B business? In fact, F&B is one of the fastest growing sectors in Singapore proving this small ...
  • 11 Things to Know Before Opening a Singapore Hawker Stall

    Last Updated: February 8, 2017
    singapore hawker With more hawker centres opening, a new generation of Singapore hawkers will emerge to fill the demand with more opportunities arising. If you are one of these vendor hopefuls looking for a potential hawker stall, read this before you take the plunge into Singapore's nitty-gritty F&B hawker industry. ...
  • The Entertainer Singapore: 1-for-1 dinner and travel offers in this F&B App

    Last Updated: March 6, 2017
    Buy 1-get-1 Free Restaurant Meal Vouchers; 2017 Promo code available This is an app I personally use, as well as highly recommend as a foodie. You won't regret it. If you go to more than TWO ...
  • How To Start a Restaurant or Food Business in Singapore

    Last Updated: December 7, 2016

    How to Start a Restaurant in Singapore

    Starting a Restaurant, Cafe or F&B business in Singapore

    This article is a little more technical and is especially useful as a broad overview for first time Food & Beverage entrepreneurs who want to know how to start a restaurant. For overseas investors looking to set up a business in Singapore, this guide will provide highly useful information as well. I'm speaking from the perspective of someone who has first hand experience opening an F&B outlet before, rather than an inexperienced person who just heard how its done from someone. In 10 steps, I will show you how to execute and start a Restaurant or Food and Beverage business in Singapore. Remember, we're covering the basic setting up of an F&B business, not the operating or running of one, which I can easily write another 100 page article about. This is pretty basic stuff that every food entrepreneur should be familiar with if you want to enter the F&B industry in Singapore. ...
  • Naming your new Business: 4 Killer Tips

    Last Updated: January 27, 2014
    naming your new businessComing up with a name for your company is significant for long run recognition. A name can let people know instantly what services you provide or products you sell. Sure there are unusual names like "Apple" that are great brands now, but even "Apple" started with "Apple Computer" first, then slowly dropped 'computer' to go into more lifestyle products. There are many trains of thought to naming a business, and I'm going to share with you what I think should be taken into consideration. Definitely it is possible for ANY name to succeed eventually if your business model is superb, but why not give yourself the slight advantage of a memorable name and get started on success faster? These are the tips to look out for when naming your new business. ...
  • 10 things to know before starting a Singapore Food business

    Last Updated: February 4, 2015

    things to know before starting singapore F&B business

    Also featured on Singapore Business Review by Seth Lui The casual dream of many Singaporeans is to start a Singapore food business. Singapore has often been known as the food capital of Asia, and the range of cuisines we have in this little country is immensely vibrant and diverse. Consequently, new restaurants and food business concepts in Singapore pop up like acne during teenage puberty; as do many restaurants shut down in the same time frame. You might be one of these bright-eyed entrepreneurs looking to set up the next Paradise Group Singapore food business and ready to take on the culinary world by storm. You are confident, and buy into the saying that 'you can never go wrong with food in Singapore'. ...
  • Retail Marketing: Number 1 Mistake of Retail Owners

    Last Updated: March 8, 2014
    Retail shopThere is a common mistake that 90% of all small retail business owners are making, that can either double the growth of your business, or save it from spiralling losses month after month. This is a simple retail marketing technique not done. This mistake is so obvious and the hugely successful firms are exploiting it day after day, yet many entrepreneurs have overlooked it for reasons we will address later. What is this grand mistake everyone seems to be missing? It's the mistake of NOT building and maintaining a herd. ...
  • The Pros and Cons of doing Business in Singapore

    Last Updated: April 21, 2016
    pros and cons doing business in SingaporeIt's Singapore's 48th birthday today as I write this post, and I thought I'd write something relevant to the festivities happening around me. Singapore's generally touted as an excellent base to start a business, with relatively low corporate taxes, superb infrastructure and a stable government. That said, foreign investment has always been our focus, but is it really better off for Singaporeans to start a business in our own country? Let's explore a few factors I have personally experienced, which by all means is no complete list, otherwise I'd have an entire book worth of manuscript. ...
  • 6 reasons you will suck as a Food Entrepreneur

    Last Updated: July 21, 2014
    Gordon RamsayHave you ever dreamt about opening a bar or a cafe? How about a restaurant? Statistically, 62% of office workers interviewed have 'always wanted to open a cafe/bar/restaurant', and there's a high likelihood you reading this might too. Or at least know a friend who has this same dream. "Ah, if only I had my own little place to bring my friends and family to chill during the weekends." Sounds familiar? Although it seems glamorous and ritzy being a F&B owner, there are huge misconceptions and naive notions to actually owning and operating one. I know it's not a bed of roses because I've worked in several bars, restaurants and ran a F&B kiosk company. Here I'm going to share the major oversights and delusions people have towards opening a F&B concept, and for you to seriously ponder these points before embarking on your dream cafe. ...
  • Guide to Rental Rates in A Shopping Mall in Singapore

    Last Updated: July 31, 2014
    Rental rates in Shopping malls SingaporeI've been getting queries on how much is the typical rent in a shopping mall. That's a very tough questions because simply, it varies based on market forces and location. Today we're going to explore more on the rental rates of kiosks and retail spaces in shopping malls and the key variables, as well as actual examples in Singapore. At the end, I will also provide considerations you, as a retail owner, should consider before making a commitment. These local considerations however, can be used all over the world to gauge what is a suitable rent for your business. My experience is mostly based on F&B retail. ...
  • Why Social Media for Small Businesses: 8 Reasons

    Last Updated: January 23, 2014
    A lot of business owners have the perception that social media is for youngsters to gossip and it is irrelevant to their business. They cannot be more wrong. According to a US market survey, 90% of small businesses in USA use social media, while 74% perceive social media as valuable. Below I'm going to offer 8 reasons why any small business should use social media, which in a lot of instances, offer way better flexibility and returns than traditional media on marketing. whysocialmediasmallbusiness

    1) Increase sales and awareness

    The single most powerful reason a small business owner needs to consider why social media, is that it increases your sales. Why you ask? 75% of social users are somewhat or highly likely to share content they like online with friends, co-workers or family—49% do this at least weekly. Going viral on social media is the easiest and fastest way to spread your sales message. Coupled with a compelling call to action, your sales offer gets multiplied via online word of mouth astronomically. ...
  • The Devil is in the Details

    Last Updated: June 29, 2013
    "The difference between something good and something great is attention to detail" - Charles R. Swindoll Attention to detail is something often overlooked by many business owners- The look of your ...
  • 11 Social Media Mistakes That Small Businesses Make

    Last Updated: January 23, 2014
    Many articles have been written about the correlation between Social Media and the prosperity of a business, and we can all agree that customer engagement online goes hand-in-hand with the service standards of your company. This is especially true in the retail line and it is critical to address any issues swiftly, less they fester into a social media Armageddon like Amy's Baking Company. I'm going to go through some of the most common, yet sometimes subtle, social media mistakes that small businesses just keep committing over and over. Social media isn't just a tool to a means, and if you want to win this game of customer satisfaction you'd better correct these mistakes. FAST. ...
  • Your Risk Appetite Determines What You Should Do

    Last Updated: June 17, 2013
    It is critical to know early in your life, what your risk appetite is like. How much financial risk can you digest without a meltdown? And as we get older, it is wiser to take less risk and adjust ...
  • Guide to Leasing A Retail Outlet

    Last Updated: June 4, 2014

    Leasing renting a retail space Singapore

    If you are considering renting a retail brick and mortar outlet, be it in F&B or fashion, do read this guide co-written by myself and retail leasing specialist Eddy Ong (his contact details can be found at the end). This guide was written in the context of Singapore in general, but certain details might vary from country to country. ...
  • Outsourcing work

    Last Updated: June 7, 2013
    As an entrepreneur, it is critical to know what to do yourself and what to outsource because time is finite, and there is no way you can do everything yourself. Although outsourcing will increase ...
  • Pricing It Right

    Last Updated: September 16, 2013
    Every product or service needs to be priced. But pricing is very critical to determining profits. Obviously, the higher the price the higher the profit margin, but the economic principle of price ...
  • 8 Ways to get a raise

    Last Updated: February 22, 2014
    This holds true for most companies in Singapore, where I'm based, but the hard truth is that companies do have stereotypes or bias based on family ties or even race, that limits how far you can progress. For example, small family owned businesses are most probably only going to promote blood-related family members (however incapable they might be), while many traditional Japanese MNCs have a strong preference for Japanese leaders. If you feel your career has no prospect due to these reasons, leave for greener pastures instead of staying as the coffee boy for 20 years. However, if you think you have a shot at promotion, do read on. ...
  • Thoughts on which market to compete in

    Last Updated: May 24, 2013
    Why swim in a crowded sea, when you can swim in your private pond? Personally I find that it is easier to compete in an immature market, as compared to a well-established industry. Using Singapore as ...
  • Future V.S Current earnings

    Last Updated: May 22, 2013
    I think one of the reasons people just throw themselves into a dead-end job is because they do not consider their future earnings, or at least choose not think about it. Think long and hard how much ...
  • 5 Reasons why you still work for someone

    Last Updated: July 16, 2013
    Wonder why you’re still working as an employee, instead of the employer? It doesn’t necessarily mean everyone should be the boss, as the job market has its own checks and balances. Everyone has ...
  • Why entrepreneurship and dating are the same

    Last Updated: September 18, 2013
    After starting a business twice, and having the dating life cycle of a domestic cockroach, I have come to realize the startling similarities of both endeavors. Entrepreneurship and dating really have ...