Would a virtual office reduce my business cost?

Scammers have developed a lot of techniques to stip businesses of its money. There are general types of scams to look out for. First is the peer-to-peer lending scam. The second one isthe credit repair scam. New business owners should worry about this because they target new business owners offering to increase their credit scores for a certain fee but this is all a scam. The third one is the consultancy fee scam where the scammers convince to offer you assistance in getting a loan even though it is not that hard for you to need an assistant. There are many more to watch out for. Key is to alwayys be alert and analyze the situation.

If you want a quick overview of your business' financial health, Quickbook is the app that you want to install.Quickbook tracks your business’ sales and expenses; views financial statements, such as profit and loss reports; pays your employees and vendors; tracks unpaid invoices; maximizes your tax deductions; and more. You can also try similar apps such as wave, freshbooks and/or Gusto

The first one is Sole Proprietorship where an individual who starts up a business, Partnerships whre two or more persons (up to 20) who create a company. Has Limited and Limited Liability versions and Private Limited Companies where the company is an entity separate to the shareholders who aren’t personally liable for any debts incurred. A public company just needs to register itself to the Singapore Exchange.

There are two main types of companies in Singapore.. The first one is the public company which is listed on the Singapore Exchange and typically has more than 50 Employees. The second one is the private company which are not listed on the Singapore Exchange and can only have a maximum of 50 employees. For private companies there are a few different set-up options: Sole Proprietorship, Partnerships, and Private Limited Companies.

As time goes by, the sale and use of SmartPhones have increased. Due to this, advertisers are now advertising products through mobile devices however ad blockers are now emerging posing a threat to businesses. Google, Facebook, Twitter and Instagram are still on top of the list and a lot of business owners use these social media platforms to advertise. There are more mainstream trends however these are the most important ones to watch out for and consider.

Singapore has many partners, suppliers and employees operating in SEA and even in other continents. Video conferencing helps you make faster decisions compared to just talking to one person over the phone or communicating through e-mail. Video conferencing also gives you a chance to see eachother wile talking which means you would see each others body language resulting in a more productive discussion and video conferencing is cost efficient and would help the business cut unnecessary travel expenses. There are endless reasons to why video conferencing is good for the business but main reasons are as stated above.