5 Steps of Becoming a Highly Successful Company

5 Steps of Becoming a Highly Successful Company

Accounting
If there is a single framework that can be applied, and if pursued will guarantee a chance of success for your business, will you do it? What is the secret sauce that separates the successful from the rest? The Makings of Highly Successful Companies Revised on July 17, 2019, by Stephan Yeong Learning from the Best If there is a single framework that can be applied, and if pursued will guarantee a chance of greater success for your business, will you do it? What is the secret sauce that separates the successful from the rest? A Frame of Mind to Set You ApartHaving the opportunity to review hundreds of companies, we arrived at a conclusion and decided upon the Good to Great framework by Jim Collins, a time tested model…
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Sustainability Reporting: Is it just for the big boys?

Sustainability Reporting: Is it just for the big boys?

Accounting
Sustainability reporting by large and multinational companies has become commonplace over the last decade but for smaller companies, becoming more sustainable can appear more expensive. Sustainability Reporting: Is it just for the big boys? Posted on July 16, 2019, by Fawziah Selamat, Sustainability Director Sustainability reporting by large and multinational companies has become commonplace over the last decade but for smaller companies, becoming more sustainable can appear more expensive. But are smaller companies really at a disadvantage when it comes to becoming more sustainable? With fewer resources and reduced leverage and economies of scale to choose sustainable partners or suppliers, it may appear that the odds are stacked against smaller businesses. But for companies wishing to move towards sustainability, committing to a sustainable- and socially-led approach can be easier for…
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5 Ways how Cloud Technology & BlockChain Can Help your Business

5 Ways how Cloud Technology & BlockChain Can Help your Business

Accounting, Uncategorized
Block chain and cloud technology have been a common buzz word in today's business context. These technology enablers has provided much disruption to how businesses operate and altered the fabric of how businesses grow. Keeping up with Block Chain and Cloud Technology for your Business Posted on August 10, 2018 by Stephan Yeong Block chain and cloud technology have been a common buzz word in today's business context. These technology enablers has provided much disruption to how businesses operate and altered the fabric of how businesses grow. So what are the implications of this technology and how can businesses tap onto this new wave of technology. In this article, we will share 5 tips as to how businesses can benefit with the use of block chain and cloud technology for your business.…
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Singapore 2018 SMEs Outlook

Singapore 2018 SMEs Outlook

Accounting
SME Outlook on Remainder of 2018 SMEs in Singapore Outlook and Trends SMEs in Singapore are the main driving force of the economy and contributes significantly to growth of the nation. According to the latest Government Budget Review, two thirds of the workforce in Singapore accounts for half of the GDP in Singapore. In the recent media release by Singapore Business Federation, there is optimism for SMEs in the remanding of 2018 especially in the F&B sector. In this article we will look at the overview industry performance outlook and the performance expectations of the various sectors from 2015 to 2018. The data is based on the collection over 3600 SMEs operating in Singapore during the period of April and May 2018. This article will cover 3 segments related to…
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Must know for Business Owners Operating in Singapore

Must know for Business Owners Operating in Singapore

Accounting
Must Know and Having your Accounts Done Right Posted on June 21, 2018 by Stephan Yeong Are you safe in terms of what is being reported for your business Quite frankly, if you do not have a finance or accounting background, it can be quite difficult to actually understand what is presented on the financial statements. But do you know that as business owner or director in Singapore, you are held responsible for what is being reported. And many times, what we hear from business owners are "we didn't know" or "we thought that our accountant were doing it correctly". But do you know what once you sign off on the Annual reports at the end of the year, it basically means that you are holding yourself responsible for what…
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4 Ways a Competent Accountant can help your Business Save Money

4 Ways a Competent Accountant can help your Business Save Money

Accounting
4 Ways a Competent Accountant can help your Business Save Money Posted on September 6, 2017 by Stephan Yeong What Can you Expect from a Competent Accountant in Saving Cost For your Business Every business no matter the size would need to maintain a record of its every transaction. Having a professional bookkeeper or accountant has its advantages bringing professionalism, standards of work and attention to details to help facilitate your businesses towards development and growth. It is also important to consider the criteria for assessing the level of competency of your accountant or bookkeeper.  In this article, we will share with you the cost saving areas that a competent accountant can provide your business. Beware of the little expenses, a small leak will sink a great ship. Benjamin Frankin…
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Time & Money Saving Tips for Your Business

Time & Money Saving Tips for Your Business

Accounting
Time & Money Saving Tips for Your Business Posted on August 10, 2017 by Stephan Yeong Journey to Stockpiling your Business Wealth For most businesses in Singapore, the everyday business struggle is real and the efforts of holding off the pressures of cost at bay is often futile. For businesses to stay ahead, being cost conscious and savvy over your business expenditures will position your business firmly across the line of being successful. In this article, we will share with you the essential time and money saving tips for your business. 1.Impact Advertising With the advent of internet marketing,  businesses nowadays are exposed to new and innovative means of reaching customers. Being able to place your business strategically at the right place at the right time requires you to have a…
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Ultimate Business Survival Guide

Ultimate Business Survival Guide

Accounting
The Ultimate Business Survival Guide Posted on July 2, 2017 by Stephan Yeong Fight or Flight? With the uncertainty of the global markets, common sightings of corporate layoffs and potential trade wars brewing along the peninsular, this may cause some to grab their kids and cash and move to a place where they can hunt their food and grow their vegetables. Entrepreneurship is not for the faint hearted, for every 10 new businesses formed, there is an average of 7 to 8 business closures. With the stakes up high and businesses on the line, we are here to share with you some tips on business survival and developing your business survival instincts.   Focus on what Matters - Language of your Customer A survey was conducted by Fortune on the top…
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Key Advantages of Bookkeeping Services for your Business

Key Advantages of Bookkeeping Services for your Business

Accounting
The Advantages of Outsourcing Bookkeeping Services Posted on June 15, 2017 by Stephan Yeong Is it Time to seek help? What better way to have your administrative and bookkeeping matters resolved by seeking professional help? Transactions and reconciliation can be highly tedious especially more so for those without a background in accounting and taxation. Usually, for a nominal fee, businesses are able to delegate the matters of accounting over to reliable and experienced accounting professionals. Additionally, with the aid of professionals, businesses can avoid hefty penalties arising from incorrect inputs or late reporting submissions to the respective statutory authorities in Singapore. One of the common pains faced by business owners apart from the high cost of hiring is staff turnover. Having gone through the arduous process of hiring and training…
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