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Building a company is certainly not an easy thing. Many things must be prepared, starting from business ideas to capital. Building a company not only requires a brilliant idea, but enough capital must also be prepared. If you think realistically, no business can be started and expanded without financial flow. Do you know that many small business owners give up on their global changing idea because of financial difficulties? However, there are currently many financial…

In all stages of your business, budgeting is very important for SMEs to start and set goals and evaluate the feasibility of business ideas. This is also important for company management to determine the company’s financial health. The budget is also needed to identify new investment opportunities and measure progress. In short, business must be built with a structured, neat and detailed budget. What is a Business Working Budget? Business working budget is the oldest…

There are many things that you need to know and understand when you decide to enter the business world. The 3 types of cost objects in a business is something that is quite important for you to learn. By knowing more about the types of cost objects, you can calculate the profits for your business properly. Before, it was very important for you to know that the allocation of costs in a business is the…

It’s a situation that all of us have heard of or experienced personally. Without warning, times suddenly get bad for business, there’s a sudden unanticipated cash crunch. Or maybe through bad luck all the invoices will come due in only a few months time, but cash is needed now. So the business owners decide it’s time to take a loan, something to help them to stay afloat while they figure a way out. They…

As part of a company’s monthly accounting cycle, every business must prepare two financial statements, which are the income statement and the cash flow statement. The income statement shows the company’s profit or net income while the cash flow report shows the position of the company’s cash. The latter is often less emphasised, but experienced business owners will tell you that it’s often the more important of the two. We find out why. What is…

Singapore’s ecommerce market looks poised for growth. A report by investment arm Temasek Holdings and tech giant Google revealed that the market will grow more than five times to be worth S$7.5 billion by 2025. Having sufficient financial resources can make the difference between businesses that are able to tap into these growth opportunities and thrive, and those that lose out in the competitive ecommerce landscape. Yet small business owners are often hindered by the…

You’re in need of funds for your small business venture, and are weighing out different external financing options. The right kind of financing needs to offer flexibility – you’re looking at an option that can fund a variety of expenses, and which you can tap into time and time again. If this checks off all the boxes on your list, a credit line may be right up your alley. Below, we’ve written a comprehensive guide…

For small business owners with little-to-zero experience with business finance, staying on top of your cash flow can appear to be a daunting task. Here’s where our guide comes in: it’ll take you through the basics – starting from defining cash flow management and other relevant key concepts, to exploring why careful cash flow management is important, as well as the common causes of cash flow challenges that small businesses face. We’ll then dive deep…

Working capital loans are designed to fund a company’s day-to-day operational expenses, such as inventory purchases or supplier payments. These types typically carry short repayment terms, and aren’t intended for to finance long term business needs like major renovations, large scale expansion projects or equipment purchases. Before we jump into the uses and types of working capital loans, let’s briefly touch on two relevant key concepts: working capital and working capital liquidity. Working capital: Working…

According to an oft-cited report by the state-owned investment arm Temasek Holdings and tech giant Google, the internet economy in Southeast Asia is estimated to amount to a whopping US$200 billion by 2025. It’s unsurprising that the region is attracting the attention of e-commerce behemoths like Alibaba and Amazon. With one of the highest internet penetration rates (82 percent) in the region, Singapore has become the jumping-off point for these companies to make their foray…