How to start a small business

[phl6216]

Hi Bro,

I need some advised from all big brother/sister here.

Im 36 years old,
Now i thinking want to start a small business, i have some savings around 60k,
The business type need not be earn a big money one, just roughly a few thousand(3 - 5 k) it is enough to sustain my normal family expenses.

Can some brother/sister have some idea, what kind of business is can i consider ? and i have browse to the franchise system, such as Subway,7-eleven, some the F&B , LIKE ITALIAN FOOD.....

many thanks...

 

[MrSinkie95]

franchise is very expensive. especially big international brands... try to have a business plan before starting out

 

[Dividends Moderator]

Hi,

Frankly speaking, without prior experience & business planning, my humble opinion is to continue finding what you truly like. Leverage on other's operations isn't bad but it boils down to sustainability; internal & external factors.

Do note whether there is a contingency fund in place.

My opinion is not to start anything till you find something passionate before progressing.

Cheers,
D.M

 

[focus1974]

Hi Bro,

I need some advised from all big brother/sister here.

Im 36 years old,
Now i thinking want to start a small business, i have some savings around 60k,
The business type need not be earn a big money one, just roughly a few thousand(3 - 5 k) it is enough to sustain my normal family expenses.

Can some brother/sister have some idea, what kind of business is can i consider ? and i have browse to the franchise system, such as Subway,7-eleven, some the F&B , LIKE ITALIAN FOOD.....

many thanks...

When you go see those franchise.. can bring me along..
i interested too...

we maybe can co-invest..

 

[SakeSushi]

Find something u like and which u have knowledge of. Once client sees that u love what u are doing, and feels that u know what u are doing, definitely they re use your service and refer biz to u

Sent from LGE LG-H815 using GAGT

 

[Mr.Canberra]

Business Ideas

Are you hiring someone to run or you run the business personally?
S$60K budget for F&B franchise I think can forget it.

Your chances of making a good profit with a self run hawker stall is higher.
Best part is only Singapore Citizen or Permanent Resident is eligible to apply.

Try to do service based business rather than inventory based business.
Speaking from personal experience.

 

[phl6216]

Are you hiring someone to run or you run the business personally?
S$60K budget for F&B franchise I think can forget it.

Your chances of making a good profit with a self run hawker stall is higher.
Best part is only Singapore Citizen or Permanent Resident is eligible to apply.

Try to do service based business rather than inventory based business.
Speaking from personal experience.

I understand with 60k budget is very difficult to start a franchise business, i looking like those selling shirts, handphone shop, or some office cleaning, i willing to hands on to do all this jobs... like, because i now considering dont want to work for some one... i work till like **** with the peanuts pay - 3.5k permonth....

 

[phl6216]

And one more thing, how to apply those hawker centre stall ?
because i know there are some hawker center coming up in 2 years time ...!? i stay in Admiralty, i know there are building up hawker center which near my my home ....
any advise ?

 

[havetheveryfun]

I understand with 60k budget is very difficult to start a franchise business, i looking like those selling shirts, handphone shop, or some office cleaning, i willing to hands on to do all this jobs... like, because i now considering dont want to work for some one... i work till like **** with the peanuts pay - 3.5k permonth....

Lol, then if u start a biz u will work even harder and earn even lesser at the start.. after u gain some credibility in the neighborhood

 

[phl6216]

I understand run own business is much more harder... but at least is own business.. of coz will dump in 200% effort to run it...im not talking the business that can give me a luxury life...no need a BMW, a high end condo...i just need a normal life, then earned money that can sustained my family... i happy liao..

 

[OngHuatHuat]

Easier to do it if you are freelancer with specialized skill, like website design etc.

If not throw more money to set up grocery shop.

Hi Bro,

I need some advised from all big brother/sister here.

Im 36 years old,
Now i thinking want to start a small business, i have some savings around 60k,
The business type need not be earn a big money one, just roughly a few thousand(3 - 5 k) it is enough to sustain my normal family expenses.

Can some brother/sister have some idea, what kind of business is can i consider ? and i have browse to the franchise system, such as Subway,7-eleven, some the F&B , LIKE ITALIAN FOOD.....

many thanks...

 

[terryhoho]

thumbs up for u. I'm also looking for lobang to do biz

 

[phl6216]

thumbs up for u. I'm also looking for lobang to do biz

CURRENTLY WHAT U DOING ?

 

[mccmmm]

Buy a van do delivery services

 

[terryhoho]

CURRENTLY WHAT U DOING ?

doing health supplement and computer biz

 

[phl6216]

YOUR OWN BUSINESS ?

 

[phl6216]

doing health supplement and computer biz

YOUR OWN BUSINESS ??

 

[phl6216]

Buy a van do delivery services

DELIVERY ? DISPATCH ? COLLECT AND SEND THE DOCUMENT OR FOOD DELIVER ?

 

[coloumbiaGames]

YOUR OWN BUSINESS ?

Please don't type in CAPS.

Sent from the sky using GAGT

 

[phl6216]

Please don't type in CAPS.


Sorry Bro...