Have you always wonder whether what you have done is correct or wrong? Whether you had made the right choice or the wrong choice to lead into something you don’t expect to happen? When you grow up and go and into working life, often you had wondered are there really right or wrong answers in life.
When I had first started to embark this road for floral business, I am totally clueless and tell myself how hard can it get? Well, teacher had to give me a hand to assist me on my arrangement when I was so slow in class. As I had recall, I always been the last one to leave in class. I am not someone who is perfect or very good in what I do. I think the best thing I can do is sleep. My Nickname is Piggy, it suits me as I love to sleep most of the time since young. Well, let’s not go into my personal life and head to the basic of business stuff.
What do you need to do when you want your own floral business?
Throw in alot of cash $$!
Buy Materials!
SELL SELL SELL!
PROFIT PROFIT PROFIT! $$$$
Well, traditional method is to have a large sum of capital to set up the business, but what about someone who is just an average person and don't have a rich background and wanted to have a business? Bank Loan is another way but we wish to minimize risk and less debts to pay.
There are a few ways to go about doing and for me, I am just sharing what I have learnt and hope it will help you along the way. It might work for me but it might not work for you. My friend told me before you need to knock yourself until you bruised then you find out the answer to your question. I hope to lessen those bruises for you along the way through this blog.
Before I go on, I would like to thank my mentor and friend for being with me all these time, June Tew, to guide me through to set up my own business. Without her, I don’t think I will get this far and what I have shared in my blog briefly comes from her source. God had bless me in so many ways, that I will not be able to come this far alone.
With little or less money, can you set up your own business? Well basically, yes you can, but it just takes a longer time only. Are you in the rush to set up everything in the shortest possible time? What is your time frame for your business to be set up properly? There are questions you can ask yourself and answer truthfully.
Before you register yourself to do business properly in Singapore, you need to think what you want to do for your business. Plan ahead and set out budgets and targets for yourself. Work on things 1 by 1 and slowly, you can get to it. I had mentioned before money is always my biggest problem besides time management.
Some simple questions examples;
1) What do you want to do for your business?
2) What type of business you looking for?
3) Do you need to apply for permits to bring in goods to buy n sell?
After deciding on your business activities, I think what you would need to think of is your company / business name. It took me some time to think of the name up and reasons you can see how it came about on the left hand side of my blog. Keep it simple and something that is meaningful to you. After getting the name, you have to check whether other companies or business in Singapore have it and if you wish to create a website with the company name, you may just Google the name too. More details to setup your business can be found in http://www.acra.gov.sg/
Read through and understand the type of business you wish to start on and what are the rules and laws and permits, if you have questions, you can ask or call ARCA directly. It took me awhile to understand everything but remember not to rush into setting up your business.
I had started off with Sole-Proprietorship so the cost is much lower for me to set up my business. I remembered it took some time for me to understand the terms and conditions and what we need to do and look out for. The website as mentioned above has many guides to show you how to go about setting up the business.
After getting your company name so what is next? For me I went to create my logo. I will talk on the logo bloppers.
