Should You Bootstrap Your Company or To raise Capital? As a start-up entrepreneur, would you rather bootstrap your company or to raise capital? Why? Let’s say you start a company. You build up the company and you sell it for $10M five years later. And let’s say your friend starts another company. Meanwhile, your friend builds …
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6 Useful Budgeting Tips That Work! Tip #1 A failure to plan is a plan to fail As said by Benjamin Franklin, this is definitely true when it comes to budgeting. If you do not plan your finance ahead of time, you will definitely encounter the situation where you run out of money. Hence you need …
3 Key Things to Know About Crowdfunding #1 Crowdfunding takes time Crowdfunding mainly has three different steps, namely; loan sourcing, loan approval and fund sourcing. The relationship manager will go out and source for loans from his personal network. Once he finds a suitable loan, he will draft the credit proposal to apply for loan. The …
Misconceptions About Insurance Agent There are many misconceptions on insurance agents. Coming from the finance industry, many people have been asking me about my personal experience in the finance industry (more specifically financial advisory). So today I will share some of the biggest misconceptions out there. Misconception #1 Insurance agents always like to sell the product that …
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How Investing in Small Business Ventures Can Make Money? Do you know that investing in small business ventures can actually help you to make money? Many people have the mindset that being an entrepreneur necessarily means being able to make money. It can also be seen as being able to produce a lifetime of financial independence. …
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Common Problems Faced with SMEs: Financial With the increased help from the government, Singapore is seeing a rise in the number of SMEs. However, as many as there is, there are a handful of them going out of business. Rising Cost With regards to Singapore Budget 2018, there is a ‘need for business to move away …
[2020] Enterprise Financing Scheme (EFS) Whether you are planning to develop new capabilities, create new products or expand your business footprint overseas, having access to the right financing is crucial to realise your growth ambitions by getting a working capital loan. What is Enterprise Financing Scheme (EFS)? The Enterprise Financing Scheme (EFS) streamlines eight financing schemes into …
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