Hi anyone know how to start up a small business?
. how much capital do i need and how can i have such information.
. What is the aministrative requirement to start a small business.
. how much is the rental to rent the office.
capital, well it depends on what business you want to do. it's linked to your 2nd and 3rd question actually. you'd have to do the math. rental costs, monthly utilities, corporate vehicle, set aside some $$$ for entertainment with clients (eg. dinner or play golf etc), manpower planning. so it boils down to what business you want.
you can go to www.acra.gov.sg. scroll down slightly in the middle of the page there's a segment on setting up business and a link to bizfile as well. do check that out for admin requirements.
rental depends on your location. you'd have to be pro-active and look around at the rental rates. or check around straits times classified. you might need to do some calling to property agents, do some sightseeing etc.
check http://www.gembygems.com
and see how we start out business from zero without any office still at the moment. dont need an office for small business.
What business are you doing?
1votes 13/09/2009 11:43:35 AM
IslamicSG Networks LLP
www.islamicevents.sg
As-Salamu Allaykum,
I pray this finds all well with yourself.
You don't say what type of business, or type of environment you require.
Cost can vary wildly;
Food-Related will require specific licenses, particular types of business accomodation [vermin proof / concrete floors] & equipment [eg: temperature control, etc].
Retail will require 'customer' insurance policies.
Etc.
Dont' know the Singapore environment but have been involved with Business' in various countries so assume similar facilities will be available within an advanced country like Singapore;
Best Sources for this type of Information, as well as Free Guidance & Support would be to look to:
- Business Registrations Department [Govt]
- Industry Associations Related to the Industry you wish to address
- Tax Department [they can be surprisingly informative & helpful]
- Government department that covers that particular Industry
- [Local] Institute of Management [their Libraries are a Mine of Information
- [Local] Commercial Banks - These will often help with such aspects as Business Planning, & help with 'Contacts' that you are likely to require
- Insurance Companies that Specialise in 'Business Insurance'
Hope this is of help.
Very Best Wishes with your New Endeavour - May Allah Make your path easy & successful in this life & especially in the Hereafter.
Aleef [alifs1@hotmail.com]
......................................................
hey sirhan
networking business is haram according to scholars. just to let u know ya.
http://ahxuan2share.blogspot.c...
oh wow good write up. learned something new today about network marketing. thanks!
0votes 8/02/2010 10:04:43 AM by Hidayat brainyAre you sure you wish to stop receiving email alerts for this Question?
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