WHEN DO YOU NEED TO ENGAGE A CORPORATE SERVICE PROVIDER? Entrepreneurship is what we commonly understand as the process of creating a new enterprise and bearing any of its risks, with the view of making a profit. However, there are certain challenges an entrepreneur...
Introduction: What is a Business Ecosystem? Recently, the term “Ecosystem” has been a buzz word amongst business owners and in business forums, but what exactly does it mean? It has a similar meaning to the scientific definition of Ecosystem, but for businesses, the...
Introduction According to Philip Kofter, who is known as the Father of Marketing, “Marketing thinking is shifting from trying to maximize the company’s profit from each transaction to maximizing the long-run profit from each relationship.” Relationships are becoming...
A Brief Overview of the Accounting Industry in Singapore A study done by SkillsFuture Singapore in 2017 estimated that there were 100,000 accountancy professionals in Singapore alone and in the past few years, the accountancy sector has been experiencing robust growth...
Introduction Globalization has encouraged businesses to collaborate and source for opportunities outside their own country, facilitating their growth tremendously. Not only does international expansion allow companies to achieve diversification and gain access to...
Ranking as the world’s most competitive economy for the second straight year, it is increasingly difficult to remain relevant in Singapore’s fast-paced and ever-progressing economy. Bachelor degrees which used to be a major draw for employers are now considered as a...
Overview Singapore has been known to be a major hub for investors, as the country provides one of the world’s most business-friendly regulatory environments for local entrepreneurs and is ranked among the world’s most competitive economies. Introduction to Singapore...
Start-ups and small and medium enterprises (SMEs) in Singapore have always faced challenges in globalisation due to their lack of resources, inadequate understanding about the regulatory environment and the difficulty of building a strong local foundation. However,...
When starting a new business, a great business idea is not enough to succeed. Market analysis is just as important to continuously fuel business ideas and learn more about the target customers. Using findings from analyses will allow small & new businesses to...
Types of Audit Risk There are 3 types of audit risk faced by companies, namely Inherent risk, Control risk and Detection risk. Inherent risk is the susceptibility of an assertion about a class of transaction, account balance or disclosure to a misstatement that could...
