4. Plumbing, Gas, and Electrical Set up
On other types of business, you may also have to think about things like gas, electrical, and plumbing set up.
For instance, if you’re planning to open up a restaurant, you’ll have to ensure that plumbing, gas, and electrical system are set up in place.
5. Space Requirements
The next important aspect of choosing a business location is going to be your space requirements.
In other words, you will have to consider the space requirements for your business and also think about the possibility of whether you will want to expand your business at the same place down the road.
6. Local Community
Another important thing that determines where you’ll start your business is the community itself.
As a business owner, you may want to start a business in your local community to help the area grow and create extra jobs for people. This type of consideration is simply great because you’ll help a lot of people at your location, however …
You need to make sure that it is REALLY a good idea for your business.
Your business may contribute little or nothing if it’s failing. So, make sure that you can REALLY profit from the location that you will choose to run your business.
For example, if you will start a retail store at a chosen place, ensure there are customers who are looking to buy what you are selling.
7. Cost of the Location to Start Your Business
Cost is often an important factor to help you choose a place where you will start and run your business, however, it may not only be the most “important one.”
In fact, if you want to start your business at ONLY the best areas, it will ONLY cost you MORE money. Ironically in most cases, this money could be well spent as it offers you the BEST chance of being successful.
There’s probably a good reason why certain location are the cheapest: they are usually located in an area where it’s tough to run your business.
If you want Paul Hype Page & Co. – an ACRA certified business registration consultancy in Singapore – to give you more information on how to find an affordable location to start your business, please contact us here.
Now you know all the factors that governs where you will start your business, the next thing would be how to be MORE organized after you’ve registered a company in Singapore.
Here are few simple steps you can take in order to become more organized to run your business effectively:
1. Purchase a Binder
Keep in mind that you may require more than one binder depending on what you will put in there.
In your binder, things you will likely put include:
- Your business plan
- Your future business goals
- Monthly sales charts, expense
- Your employee records, and so on
Having a place to keep track of all your business moves can be relieving, and binder is definitely a great way to keep records of all the things you do and more while running your business.
The amount of information you will jot down in your binder solely depends on you, but usually, the more is always better when it comes to ideas.
2. Get a Help from Professionals
If placing your files and documents in an organized way seems too much of a work for you to handle them all by yourself (there may be a good chance of this happening in the future), get a help from a professional business consultant.
CONTACT Paul Hype Page & Co. Ltd to organize your business easily and fast.
Or if you don’t want to pay anything now, ask a family member to help you. Ask their advice you on how you MUST organize/ arrange all things pertaining to your business.
Keep in mind that everything is “accessible.”
So when your potential/ existing customer asks a question (over the phone or in person), you can quickly locate that particular file (as you know already where it is) and give an answer to him/ her, instead of making them wait.
3. Create an organization schedule
Every 3 to 4 days a week, or 2 week, do an organization check.
With this organization schedule in place, you can quickly go through and check that everything is where it needs to be, and everything else isn’t taking up your valuable space.
Follow this simple organization strategy: Ask one of your co-workers where certain paper is. If you can’t find that paper/ file WITHING 7 to 10 seconds, you may want to reconsider your organization strategy.
4. Go and succeed
Now that you’re organization is MORE organized, you can now go out and reach out to your customers. As an entrepreneur, now your work and office environment will seem a LOT manageable, less stressful, and simply easier.
Before we leave, I would like to remind you that:
Use your organization skills to your advantage so that you focus your energy into selling more, while taking more action, as you are in a proper position to keep track of it.
Contact Paul Hype Page and Co. for a FREE consultation on how you can start to invest in Singapore.
We provide the following services:
- Instant online company registration in Singapore
- International tax planning and advice
- Professional company secretary service at affordable price
Paul Hype Page & Co. is an ACRA-certified business adviser. Our team of seasoned professional can help you set up a company in Singapore very quickly and easily following all legal entities, and offer you sound advice on how to make it successful too.
In addition to business registration, we’ll also guide you how to:
- Write a business plan – Learn how to write a compelling business plan by accessing our sample business plans, or other helpful market research information
- Perform market research – Understand your business market, learn how it can enhance your business growth, and how to properly conduct a market research for your business
- Legal issues for small business – If you are thinking about registration of company in Singapore, then you really need a lawyer. In addition, you will learn why legal counseling is very important part of any business.
- Manage your finances – We’ll offer you FREE resources and information to help you fully understand all financial concepts and teach you how to perform basic accounting tasks like budgeting, bookkeeping, financial analysis, among others.