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Start
Business Stages - Start
Take care of the basics first – register your business, obtain funding and secure a business premise. Before you start operating, ensure you have complied with the licences and laws related to your business. You may also want to plan for staff hires, tax payments at the end of your financial year, and asset protection.
Choosing A Business Structure
Learn more about each business structure and choose one that is most suitable for your business.
Registering Your Business (Local/Foreigners)
Registering your business with the Government is one of the first steps you need to take once you have decided to start your business.
Funding Your Business
You have a number of options when it comes to financing your business. It is essential to choose the right ones for your needs.
Finding A Business Premise
Choose from a range of Government-managed premises to house your new business, and take note of approvals required for certain industries.
Applying For Licences & Permits
A very important part of setting up your business is ensuring you comply with all the laws and regulations. Part of this compliance is having the right licences and permits required to conduct business in your chosen industry.
Complying With Laws & Regulations
When starting up, it is important to understand your legal obligations as a business. There are specific areas you might want to take note of so you do not fall foul of the law.
Hiring Employees
Hiring people and expanding your business is one of the most critical processes of starting and growing a business. People are at the core of your business and should be considered an important investment in the future of your business.
Paying Your Taxes (Local/Foreigners)
Understand the key tax issues relevant to start-ups.
Protecting Your Assets
Every business has intellectual property (IP) that can be protected. This includes new business ideas, creations, designs and processes.
Get Help With Starting
Starting and building your business will be a rewarding but challenging time - you have to wear many hats and learn about the various areas of business fast. Tap on existing networks and Government support to help you with your business.
Other Areas To Consider
Expanding Your Business
Growth happens differently for every business. While most businesses find themselves growing naturally by producing quality goods/services that satisfy their customers, some may expand because they want to reach new markets or obtain more funding.
Building Your Team
Teamwork is essential no matter what kind of business you run. Strong teams not only drive profits, they motivate employees to work, learn and grow with your business.
Improving Business Processes
Business processes can keep your operation lean and mean by maximising output while keeping costs as low as possible.
Branding & Marketing
Branding and marketing are both crucial to your business' success. While marketing sells your brand to the world, branding presents the package that is your business.
Getting More Investors Or Funding
Funding is likely to be the biggest obstacle to growing your business. From marketing and machinery to stock and salaries, they all have one thing in common – money.
Developing Long-Term Strategies
Long-term strategies look at the goals, main activities and resources of your business. They often take years to play out and are used to plan for future success.
  • Help from IPOS enabled Trek 2000 to extract more value from intangible assets.
  • Rakesh Gupta, CEO of Heuristix Lab Pte Ltd, realised his dream through SEEDS which gave him the funds and platform to fulfil his passion.
  • Bohemian Butterfly is financed entirely by the partners’ savings. This gives them complete control over their business.
  • Jerome Tan lost a quarter of a million dollars in previous business ventures, but he bounced back from failure to become an entrepreneurial success.