Plan your business

There is a first in everything you do. From developing an idea, forming a company, writing a business plan, raising money or attracting customers, each step is a meaningful and important one. See below topics which may be of interest to you.

IDEAS
OPERATION
FINANCIAL
GETTING CUSTOMERS
GETTING STARTED
EXPANSION/ EXIT PLANS
BUSINESS PLAN
AWARDS & COMPETITIONS
OTHER REFERENCE LINKS

1 IDEAS

How Do I Know if My Idea May Work?
Nothing beats testing your idea first. Conduct a marketing research now.

How Do I Get More Ideas?
You can be more creative by following these 3 simple steps.

Where do I File for a Patent of My Idea or Product?
Visit Intellectual Property Office of Singapore (IPOS) today.


2 OPERATION

How Do I Get Suppliers? You can look up yellow pages or the world wide web. Be on the lookout for exihibitions, newspapers and people for more information of suppliers' contacts too.
What is the Operation Plan? Go, operations, go! Check if you have answered these questions.
What Should I Consider in Choosing a Management Team? When building a team, you should find people who have complementary skills.
How do I Make Sure that the Team Works Well Together? Tips on working together as a team.

3 FINANCIAL

What are the Sources of Capital? You can consider these sources when looking for capital.
How Do I Raise Money (Capital) for My Business? Get hot tips about raising money here.
What are the Types of Loans Available to me? Long term loan Vs short term loan
What is a Profit and Loss (P&L) Statement? Also called an Income Statement, a P&L statement shows your sales and expenses summary over a period of time. Find out more.
What is a Balance Sheet? Balance sheet is a statement showing your company's wealth at a given point in time. Find out more.
What is a Cashflow Statement? Cashflow statement shows the cash receipts and payments during the period.
Is There a Difference Between Profit and Cash? Yes, do not get mixed up with profit and cash. Find out why they are different.

4 GETTING CUSTOMERS

How Can I Attract Customers to My Products or Services? Apply marketing strategies to the right target group.
What is a Marketing Mix? Heard of the 4 "Ps" of the marketing mix? More details.
What is a SWOT Analysis? Through the SWOT analysis, you can now analysis better about your business.

5 GETTING STARTED

Where do I Register My Business? You can register at ACRA.
How do I Register My Business' Website Address? You can register Singapore web domain names at Singapore Network Information Centre.
What are the Government Assistance Schemes Available for a Startup? Spring Singapore offers a range of assistance schemes. If your business is going international, you can approach IE Singapore.
Should I Start a Business as a Sole Proprietor, Partnership or Company? Each has its pros and cons. You may weigh each option at ACRA.

I am Inexperienced and am Worried about Starting Out. How can I get more help? Here in SEED Centre at ITE College East, we'll unlock your potential and guide you along. More about SEED!

6 EXPANSION/ EXIT PLANS

If My Business Becomes Successful, What's Next? Expansion is the key word! Choose from these few ways.
If I Start the Business, and halfway through decide to quit, what should I do? Good! You should consider your exit strategy right at the beginning. Find out the options here.

7 BUSINESS PLAN

How Does a Business Plan Looks Like? A business plan is an essential part of your company. Find out what it includes.

8 AWARDS & COMPETITIONS

Are there any awards or competitions in support of Entrepreneurship? Yes, industry-organised ones are largely organised by ASME. Others are run by individual organisations.