Singapore Company Incorporation: How to Start the business on a Shoestring Budget?by Sneha Patil Top Singapore Company Registration Company
Have you dreamed of running your own business in Singapore for a long time? Do you have some solid business ideas? If yes, it is the time to capitalize on the best business idea to fulfill your dream of Singapore company incorporation. If you do not have an adequate capital fund to invest in any of the business ideas, it is not a big deal. Do not let the shortage of money be the key reason for not trying to turn your dream into reality. It is the new age of technology and aspiring entrepreneur like you have endless opportunities to build your business even on a shoestring budget.
Rather than spending time on knowing how to do everything on your own, you can outsource the tasks of Singapore business incorporation to specialists like SBS Consulting. The outsourcing firm sets you free to focus on marketing and advertising of the product or services. Such firms also provide guidance and advice to their clients on various aspects. You will know how to combat the ever-rising competition among the aspirants.
Singapore Company Incorporation with Professionals
As mentioned above, the task of company incorporation in Singapore become far easier and fast under the guidance of the professionals of the third-party firm. They streamline the process in a better way. Do not bother about the fee structure of incorporation. Many firms are offering competitive prices along with freebies which makes the total incorporation cost less expensive. Moreover, you would have a great experience.
Let Your Home be the Business Location
As per the local jurisdiction of Singapore, there has to be one local registered office address. It can be a commercial or residential address. For using your home as registered office address, you need to take prior permission from the concerned authority. Apart from being the registered office address of the business, your home can also be the place of business operation. You may start earning from home without having to spend on rented office space.
Go for a Low Budget Business Plan
It would not be worth to invest in a business where you require inventory on hand. Buying products from other vendors for reselling may eat up a large chunk of money from your limited budget. You can build your hobby into the business. Let your passion be the key ingredient of your business. It ensures a high return on your shoestring budget.
Use Free or Low-cost Web-based Software
There are many free software solutions available over the internet. You may also opt for cost-effective web-based software from the trusted vendors. More often than not, these software solutions are easy to use, intuitive and highly competitive. Any novice person can operate the software. Moreover, you do not need to take the assistance of any IT staff for maintaining the software.
Web Presence of Your Business
When you incorporate a company in Singapore, be sure to have the web presence of your business by building a website. There are many cost-effective web hosting deals available in online platforms. Get the domain registered and aesthetically design the website. You must ensure to build the website while keeping the tactics of SEO (Search Engine Optimization). It helps you to spot on the top ranking of the SERP (Search Engine Result Page). It is crucial in today’s online marketing era.
Tap Into Social Media Marketing Strategy
Your website marketing can easily be done through social media platforms. Thanks to platforms like LinkedIn, YouTube, Twitter, Facebook, Pinterest, etc. You can access a global audience for a free or very minimal cost. Surprisingly, the marketing campaign of social media is much more effective than offline paid advertising. Do not delegate the task to digital marketing experts until your business is generating revenue.
It is worth noting that not all startup business ideas can be executed in this way, so you better pick the idea that suits this technique well. Whatever be your pick, do it systematically. Nothing will be done unless you take the step. There is never an ideal time to kickstart the business. It is advisable to start as early as possible when it comes to Singapore company incorporation.
SBS Consulting is a Company incorporation firm based in Singapore. The firm offers comprehensive incorporation and consulting services to budding entrepreneurs and aspirants.
SBS Consulting Pte Ltd
High Street Center,
#17-02, 1 North Bridge Road,
179094 - Singapore
Phone: +65-6536 0036
Created on Oct 9th 2017 02:52. Viewed 364 times.