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Digg it UP - Whats and Hows of Singapore Entrepreneur Pass
Whether you have been running a home based business for 5 years, for 3 weeks, or if you are still searching for the right fit, you will succeed exactly in proportion to the degree of self-esteem & self-confidence you hold, and to your willingness to play nice with others.As those of us with experience well know, there is a vast difference between working in an office environment with lots of other people around to offer stimulation and motivation, and working from home. The home environment offers many amenities - some would say too many from the refrigerator, to the TV and stereo, to playing on the Internet, to going out the door for a walk break or to pick a few weeds in the garden. Staying motivated and focused is a primary challenge and is the major reason why this type of business is not for everyone.If you really believe in yourself and your goals, you stand a much better chance of hanging in for the duration. You can be certain that delays, mishaps, human error, unfair decisions, rudeness and many other frustrations will come your way. Are you prepared to deal with them and to get on with it despite them? I think that it is Dolly Parton who said something like: If you
The EntrePass is renewable for as long as the business remains viable. You are also eligible to apply for a permanent residence in Singapore in due course.
Importance of Business Plan for EntrePass Application
Preparing a good business plan for your new Singapore business is one of the most crucial aspects of applying for EntrePass. The Good news is that the business plan is expected to be relatively concise i.e. no more than 10 pages long.
In addition to its importance in applying f
Ok if youre reading this article most likely you are out searching on the Internet for away to make some type of extra income. You may or may not have seen these little programs that claim you can make all this money working from the comfort of your home and they only cost $49.95.Sounds great right? You can make all this money online for only $49.95. Wrong! Those are just cheap little mind games and tactics people put on their websites so you buy the junky program they offer, but then in the end you wish you never had bought it.Why, because they dont live up to what they say, and its not as easy as these little programs make it out to be. Ive purchased my fair share of little $39.95 e-books, and programs. Never in my entire life has one made me money. Sure they all offered information about how to make money online, but that was it. In the end each program I purchased said the same thing as the last one. They would just keep repeating the same information over and over again.What good is that? Why do you want to learn something you already know? Another thing was that the only real way to make any money was to run around and resell their little junky e-book or program. Which b
Two categories of foreign nationals are eligible for the Singapore Entrepass:
A foreign national who is an entrepreneur ready to start a company/business and be actively involved in the operation of the company/business in Singapore.
A foreign national who is an existing shareholder/partner in a Singapore registered company/business and who wishes to become actively involved in the operation of the company/business.
The EntrePass allows global value-creating entrepreneurs and innovators to establish and run their business ventures in Singapore.
You don't need to have a Ph.D. from top-notch school or have millions in the bank to get started. All you need is a good business plan and some investment to cover your startup expenses and support yourself in the early stages.
Important Facts about EntrePass
Application for EntrePass should be made prior to incorporating your business in Singapore.
Along with EntrePass application, you will need to submit a 10 page long business plan. The details of preparing a good business plan are described in the subsequent sections of this document.
Businesses not of entrepreneurial nature for example, coffee shops / food courts, foot reflexology, massage parlours, karaoke lounges, money changing / remitting, newspaper vending, and tuition services etc will not be considered for an EntrePass.
The application processing time is usually 2-3 weeks.
If your application is successful, you will normally be issued an EntrePass that is valid for two years. You do not need to incorporate your business in Singapore until the successful outcome of your EntrePass application.
Your EntrePass allows you to bring your immediate family members to Singapore to live with you.
The EntrePass is renewable for as long as the business remains viable. You are also eligible to apply for a permanent residence in Singapore in due course.
Importance of Business Plan for EntrePass Application
Preparing a good business plan for your new Singapore business is one of the most crucial aspects of applying for EntrePass. The Good news is that the business plan is expected to be relatively concise i.e. no more than 10 pages long.
In addition to its importance in applying fo
Sooner or later, if you work as a virtual assistant, you are bound to come in contact with at least one Difficult Client. These are defined by the following behaviors:1. Impatience & Irritation2. Angry Emails3. Yelling4. Irrational Demands5. Threats6. Late Payments, or Not Paying at AllBefore you get too scared, and think about ditching your comfortable work-at-home living, let me tell you that there are several ways to work with these Difficult Clients, and even possibly train them to your way of thinking.Mahatma Gandhi and Martin Luther King, Jr. had it right when they said that the best way to solve a conflict is with non-violence. Yelling at a difficult client is only likely to yield even worse results than you're already getting. You may lose this client forever or, if an invoice is still outstanding, not get paid. And none of us wants that. Coward's Guide to Conflict offers real-life techniques for resolving conflicts, even if you'd prefer to curl up into a little ball at the very thought of your Difficult Client. This mediation coach and former psychologist really gets it, and can help you, before yo
A foreign national who is an existing shareholder/partner in a Singapore registered company/business and who wishes to become actively involved in the operation of the company/business.
The EntrePass allows global value-creating entrepreneurs and innovators to establish and run their business ventures in Singapore.
You don't need to have a Ph.D. from top-notch school or have millions in the bank to get started. All you need is a good business plan and some investment to cover your startup expenses and support yourself in the early stages.
Important Facts about EntrePass
Application for EntrePass should be made prior to incorporating your business in Singapore.
Along with EntrePass application, you will need to submit a 10 page long business plan. The details of preparing a good business plan are described in the subsequent sections of this document.
Businesses not of entrepreneurial nature for example, coffee shops / food courts, foot reflexology, massage parlours, karaoke lounges, money changing / remitting, newspaper vending, and tuition services etc will not be considered for an EntrePass.
The application processing time is usually 2-3 weeks.
If your application is successful, you will normally be issued an EntrePass that is valid for two years. You do not need to incorporate your business in Singapore until the successful outcome of your EntrePass application.
Your EntrePass allows you to bring your immediate family members to Singapore to live with you.
The EntrePass is renewable for as long as the business remains viable. You are also eligible to apply for a permanent residence in Singapore in due course.
Importance of Business Plan for EntrePass Application
Preparing a good business plan for your new Singapore business is one of the most crucial aspects of applying for EntrePass. The Good news is that the business plan is expected to be relatively concise i.e. no more than 10 pages long.
In addition to its importance in applying f
Usually the defining moment for a small to mid size distributor or wholesaler is when they get a huge order from their best customer. It is not unusual for a large customer to place a few small test orders, and if everything works well, to follow up with a stream of massive orders. This is the kind of situation that can truly grow a company and help it reach the next level.However, this can also present a very significant challenge. Distributors and wholesalers usually buy the products from suppliers in order to re-sell them. And, suppliers always require to be paid either upfront or with a letter of credit. Large distribution companies can usually get terms or a letter of credit without a problem, allowing them to buy the product from the supplier easily. However, this can present a very big challenge for small and mid sized businesses that cannot obtain financing. At its worst, you may not be able to fulfill the order, forcing the client to go to your competitor. The fact is that a big order can either be a blessing, if you have the financing, or a true nightmare if you dont.When faced with a very large order, most business owners try to go to the bank to obtain financing. If thei
Important Facts about EntrePass
Application for EntrePass should be made prior to incorporating your business in Singapore.
Along with EntrePass application, you will need to submit a 10 page long business plan. The details of preparing a good business plan are described in the subsequent sections of this document.
Businesses not of entrepreneurial nature for example, coffee shops / food courts, foot reflexology, massage parlours, karaoke lounges, money changing / remitting, newspaper vending, and tuition services etc will not be considered for an EntrePass.
The application processing time is usually 2-3 weeks.
If your application is successful, you will normally be issued an EntrePass that is valid for two years. You do not need to incorporate your business in Singapore until the successful outcome of your EntrePass application.
Your EntrePass allows you to bring your immediate family members to Singapore to live with you.
The EntrePass is renewable for as long as the business remains viable. You are also eligible to apply for a permanent residence in Singapore in due course.
Importance of Business Plan for EntrePass Application
Preparing a good business plan for your new Singapore business is one of the most crucial aspects of applying for EntrePass. The Good news is that the business plan is expected to be relatively concise i.e. no more than 10 pages long.
In addition to its importance in applying f
One of the founding fathers of modern advertising and branding has said, "A product is something made in a factory; a brand is something that is bought by the customer." Customers want brands that are narrow in scope and distinguishable by a single word, the shorter the better. Branding is of high priority for companies of all sizes in today's hyper-competitive market. Even though the concept of branding exists and has been in practice since the 18th century, it still remains a hot topic in the business community. Many facets of the branding process are not well understood by most in the corporate world. A carefully managed and well-implemented brand identity program bears the image of an organization to be communicated to the world.Branding is a demanding and complex process that requires disciplined attention over an extended period of time. Undoubtedly, the logo is a strategically important part of the branding program. The company logo is the most visible and recognizable element of the corporate brand identity. A logo is a primary symbol that identifies organizations throughout the world. The logo is considered the corporate equivalent of a unique signature belonging to one individual.
The application processing time is usually 2-3 weeks.
If your application is successful, you will normally be issued an EntrePass that is valid for two years. You do not need to incorporate your business in Singapore until the successful outcome of your EntrePass application.
Your EntrePass allows you to bring your immediate family members to Singapore to live with you.
The EntrePass is renewable for as long as the business remains viable. You are also eligible to apply for a permanent residence in Singapore in due course.
Importance of Business Plan for EntrePass Application
Preparing a good business plan for your new Singapore business is one of the most crucial aspects of applying for EntrePass. The Good news is that the business plan is expected to be relatively concise i.e. no more than 10 pages long.
In addition to its importance in applying f
Ever thought about Mystery Shopping? Mystery shopping agencies throughout the world have plenty of assignments for people who don't have the life style to commit to full time employment. If you play your cards right it could be your answer to fun, flexibility and financial freedom!Mystery Shopping is a growing industry. It allows members of your community to go out and shop, then be reimbursed for their efforts while evaluating the customer service of a particular retailer. The most attractive aspect of mystery shopping is the flexibility. One is able to devote as little or as much of their time as they like in order to complete an assignment, how easy is that?What is the catch? There is none. Large retailers need people like you and me to complete assignments for the benefit of the wider community. They have to improve their customer service so they can compete in environments that see new players dominate because of their service levels. How many times have you walked out of an establishment thinking, I wish he/she could have acknowledged my existence for half a second so I could feel like a valued customer. Now you have the chance to evaluate some of these organisations w
The EntrePass is renewable for as long as the business remains viable. You are also eligible to apply for a permanent residence in Singapore in due course.
Importance of Business Plan for EntrePass Application
Preparing a good business plan for your new Singapore business is one of the most crucial aspects of applying for EntrePass. The Good news is that the business plan is expected to be relatively concise i.e. no more than 10 pages long.
In addition to its importance in applying for EntrePass, another important value lies in the process of researching and thinking about your business in a systematic way. The act of planning helps you to think things through thoroughly, study and research if you are not sure of the facts, and look at your ideas critically.
A well thought out business plan will not only improve your chances of getting a Singapore EntrePass, but it will also help you clarify your mind and better prepare for your entrepreneurship journey. The well-known fleas-in-the-box analogy applies to your plan as well; if you put a lid on the box, the fleas will learn to jump to that height only, but if there is no lid, they jump as high as they are capable of doing. Your plan should set that lid higher. At the same time you must be confident that figures in business plan are achievable. You must strike a good balance between optimism and realism.
Make sure business plan EntrePass is impressive in presentation. Your plan must get across to readers what is interesting about your business. Stress your marketing and sales strategy and include a break-even analysis. Be sure to include tax payments, payments to local accountants and other service providers and the fact that your business funds will be kept in a Singapore bank!
How to prepare a good business plan for EntrePass?
So are you ready to prepare your business plan and apply for Singapore EntrePass? The guide below will help you to get a better understanding of the various sections and contents that are expected in the business plan.
1. Executive Summary (Approx. half-page)
Write this section last and keep it to half-page. Provide a brief summary of product(s)/service(s), target customers, owners, and the future for your business and industry in Singapore.
2. Business Concept (Approx. half-page to one page)
In this section you should include brief description of the proposed business and industry, a mission statement, company goals and objectives, business philosophy, strengths and core competencies of the proposed venture, critical success factors, and legal form of ownership. (To find out more about possible legal forms, see Singapore Business
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