EPs, Hurry & Get Your Company Incorporation Singapore

by Creative Ideas Business Consulting

The Employment Pass (EP) holders in Singapore are in the unique situation to benefit from the positive streak in the economy. They have a very solid reason to opt for a company incorporation Singapore. The Q1 & Q2 2017 have done a great job in pushing the developing and developed economies towards the path of improvement. The latest financial reports also underline the increase in the growth rate of the global economy.

Is it Right Time to opt for Company Incorporation in Singapore?

Singapore has also experienced better than expected growth rates in the Q1 & Q2 2017. The economic growth was visible across the various business sectors. The Q3 of 2017 played its trump card, the manufacturing sector and the GDP grew 6.3% quarter-on-quarter. Don’t these developments put the EPs at the right location at the right time for their company incorporation in Singapore?

Also Read: Company Incorporation in Singapore? Now is the Right Time for It

Hire One of the Incorporation Services Singapore

If you have put any of your business ideas in the cold storage for whatever reasons, it is time to take them out, give them a thorough dusting and see how practical they are today. May meeting an expert from one of the incorporation services in Singapore before deciding, this way or that way, on starting your business would prove helpful.

These professionals can answer your questions about the viability of your business idea and plan in the present circumstances, the consent you need from your present employer and finally, how to register a company in Singapore. The last bit is actually very easy to achieve since the process for the company incorporation Singapore is smooth.

Reap the Benefits of Company Incorporation Singapore

For some employment pass holders, breaking out of the shackles of a salaried job is a difficult task. On the top of that being an entrepreneur means taking on unlimited responsibility for their own life, new business, and the employees. It becomes too much of bother for them. It plays on their minds, and they hesitate in their company incorporation Singapore rather than cross the bridge when it presents to them.

Put Your Business Idea into Practice

However, the world especially the creative world stops for none. And one day someone hits on their very same business idea and realize the dream. If you have a business idea that is worth investing in you must act now. Take the help of one of the incorporation services in Singapore like SBS Consulting to start a business of your own and try to realize the idea. These services providers have 3-in-1 combo incorporation packages that are cost effective.

Learn Time-Management & Multitask

Some of EPs are worried about striking the right balance between the responsibilities of their present job and new business. They have to learn how to manage their resources including the time effectively. Of course, they may also choose to start with limited but focused business activities and look for the smaller bites in the beginning. When the tempo builds, they can think of upscaling the activities.

If you look around you will find several EP business owners who opted for their company incorporation in Singapore and are doing well on both the fronts. Their income from the job gives them the breathing space till the business builds the momentum and loyal customer base.

Don’t Hesitate, Take the Risk & Realize Your Dream

Starting a new business is a risky proposition. If you go by the statistic, you will find that a large percentage of startups perish within the first 2 years. It is a fact that deters many of the would-be entrepreneurs. They worry about whether they will be able to make a comeback and get a job if they do not fare well as the business owners. However, the risk is a part & parcel of the rewards they may reap if they succeed.

It actually all depends on your business idea and business model. Your mentor’s advice will be to work on them before opting for the company incorporation in Singapore.

The market research is an activity that will help you in determining the acceptability of the business idea by your target customers. Depending on the results you will be able to fully trust your idea and implement it as it is or make the necessary changes to suit the needs of your customers.

You should also be ready to change it radically to increase the chances of your success.