According to the Ministry of Manpower website, "Singapore is an ideal location for global businesses to site their headquarters", and is considered the globe's "easiest place to do business". To begin the process of starting up a business in Singapore, one needs to be registered. The next step is to find a location for your business. Although Singapore is a relatively small-sized island city-state, there are a number of locations available for businesses to be opened. These premises range from the downtown city area to the suburban area. Once a location/premise is set, people need to be hired. Businesses need employees in order to function, after all. There are a variety of ways to find recruitments; such as online and in different agencies. The next step in the process would be gaining assistance from government agencies. The Ministry of Manpower site provides the following agencies for referenceL Economic Development Board (EDB), Standards, Productivity and Innovation Board (SPRING), Accounting and Corporate Regulatory Authority (ACRA), SMEPortal.sg. A completed Business Model Canvas would be especially helpful if you are looking to start up a business in Singapore, as it would provide a lot of information necessary for the process. Customer segments would be an important part in determining which premises to place a business, as different types of people are situated in different areas of Singapore. For example, foreigners and expats often live around the downtown area. Another important block from a BMC would be key resources, as employees are an essential part of the resources needed to start up a business. Thursday, 25 August 2016
Ministry of Manpower: Business in Singapore
According to the Ministry of Manpower website, "Singapore is an ideal location for global businesses to site their headquarters", and is considered the globe's "easiest place to do business". To begin the process of starting up a business in Singapore, one needs to be registered. The next step is to find a location for your business. Although Singapore is a relatively small-sized island city-state, there are a number of locations available for businesses to be opened. These premises range from the downtown city area to the suburban area. Once a location/premise is set, people need to be hired. Businesses need employees in order to function, after all. There are a variety of ways to find recruitments; such as online and in different agencies. The next step in the process would be gaining assistance from government agencies. The Ministry of Manpower site provides the following agencies for referenceL Economic Development Board (EDB), Standards, Productivity and Innovation Board (SPRING), Accounting and Corporate Regulatory Authority (ACRA), SMEPortal.sg. A completed Business Model Canvas would be especially helpful if you are looking to start up a business in Singapore, as it would provide a lot of information necessary for the process. Customer segments would be an important part in determining which premises to place a business, as different types of people are situated in different areas of Singapore. For example, foreigners and expats often live around the downtown area. Another important block from a BMC would be key resources, as employees are an essential part of the resources needed to start up a business.
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