4 Small Business Ideas Set to Boom in Singapore This Year

team meeting

Out of 141 countries, Singapore ranked first in the 2019 Global Competitiveness Index. The country scored 84.8 points out of 100, overtaking powerhouse nations like the United States and Hong Kong. For entrepreneurs, this means the country’s economy is extremely innovative and conducive for business. Singapore’s diverse cultures and expansive markets also make it a prime …

Need a Personal Loan? Don’t Borrow Money from an Ah Long

An Ah Long is a colloquial term referring to loan sharks in Singapore who lend money at an exorbitant interest rate. Habitual gamblers, as well as individuals who are unable to get loans from legal sources, often turn to these infamous lenders for quick cash. Getting a personal loan from Ah Longs, however, is never a good …

Borrowing from a Legal Money Lender: What You Need to Know

Legal money lender

Emergencies or financial troubles may require you to find a quick source of cash. You have the option to take out a bank loan, but this comes with the uncertainty of the financer’s approval. Plus, banks impose plenty of requirements, such as a good credit score, minimum income, steady employment, and other paperwork. What do …

Entrepreneurial Spirit: Common Traits of Successful Entrepreneurs

entrepreneur

Entrepreneurial spirit—it’s a term one might use to describe the mindset of the world’s billionaires. Perhaps, it’s a trait you wish to hone in yourself, as well. Granted, your track record might not be as impressive as Bill Gates’, Mark Zuckerberg’s or Jeff Bezos’, but that doesn’t mean you can’t emulate them when managing your own business. …

Beware of Loan Sharks: Distinguishing Licensed Moneylenders from Unlicensed Ones

loan

At some point, you may need a source of emergency funds for financial issues. Your first option would be to take out a bank loan, but that comes with the anxiety of not knowing whether the bank will approve your request. An easier option is to go straight to moneylenders since they offer a faster …

The “Multiples” Mistakes that Ruin Your Credit Score

Poor Credit Score Report

When faced with a financial emergency, your best bet for some relief is to turn to a licensed moneylender in Singapore. These institutions provide the funds you need to start a business, pay off a debt, or settle an unexpected bill. They offer a quick and painless application process, and they are often more lenient …

Be Careful Of Sharks: Why Legal Money Lenders Are Still The Better Option

Man Disputing Loan

Despite having limited land resources, Singapore has established itself as one of Asia’s most competitive economies. It has developed into a well-known financial centre and a growing wealth management hub. Singapore’s strong links with London as well as its effective economic policies have attracted businesses into investing in the country. The emergence of Singapore as …

Be Your Own Boss: Becoming a Freelancer in Singapore

Laptop, Cellphone, Notepad and Coffee on Table

Freedom, flexibility and financial control. These are three common reasons why people want to ditch their full-time jobs and become freelancers. In Singapore, the freelancing and self-employed community is slowly but steadily increasing. As of 2017, there are between 180,000 to 200,000 freelance and self-employed workers in the country, forming almost 10 percent of the workforce. …