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Entrepreneurship

Mitigating risks for entrepreneurs by improving financial literacy

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A QnA Platform For Entrepreneurs, By Entrepreneurs!

In collaboration with Enactus Singapore, Seedly aims to contribute to the start-up ecosystem by providing a QnA platforms for entrepreneurs to ask and answer finance-related questions on Entrepreneurship in Singapore.

Setting up a business is tough, and not knowing how to plan, budget, and finance your business venture is a problem faced by many early-stage entrepreneurs. At Seedly, we hope to create an aggregated community of entrepreneurs, so as to improve financial literacy among entrepreneurs by building a pool of information to help them in their start-up journey.

Let's help each other out in this journey! If you are shy...you can always ask your questions anonymously!

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Entrepreneurship

Savings

Hi Gabriel, Check out Easyship, they work with many couriers and ship around the world and give you the best possible rates at whatever form of transport you would prefer
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Entrepreneurship

Family

Lifestyle

Savings

CPF

Property

CH
CH
Level 6. Master
Answered 2w ago
You need one person to perform both jurisdictions?
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Entrepreneurship

Career

CH
CH
Level 6. Master
Answered 3d ago
https://support.office.com/en-us/article/excel-for-windows-training-9bc05390-e94c-46af-a5b3-d7c22f6990bb free online tutorials from microsoft office directly. if you are looking for specific function related to work use, try search PA courses
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Entrepreneurship

Economics

Career

N
Nathaniel
Level 4. Prodigy
Updated 3d ago
1. Sell your products on Chinese e-commerce sites Put your products up on sites like Alibaba and Taobao so you have a low-cost way of marketing your sauces. Leverage social media marketing via channels like WeChat to advertise your chilli sauce. If you look at the "Sauces" section of Alibaba, there's thousands of other sellers marketing chilli condiments. China may be a massive market, but don't make the mistake of thinking "as long as I get 1% of the market, this business will be massive". To even reach 1% market share in such a cut-throat landscape with thousands of other producers selling similar products, you're going to need a comprehensive go-to-market plan. Very often, there are plenty of condiments (or foods in general) that taste great. Yet many condiment producers who have great-tasting products fail to achieve any sort of sizeable stake in the market. In the packaged foods industry, what is just as important (if not even more important) than having a product that tastes good is getting consumers to believe that your product is good. Your marketing efforts must convince consumers to try your chilli sauce specifically, over thousands of other alternative chilli sauces. Most consumers probably already have a favourite chilli sauce brand; how will you excite them enough to convince them to switch to your sauce, or be intrigued enough to add your sauce to their shopping cart during their weekly grocery trip? A thoroughly-planned marketing strategy will pay off handsomely when you do eventually expand to China. 2. Establish local contacts, particularly distributors and retailers Although Covid-19 currently has Chinese consumers shunning physical retail, the pandemic will eventually pass and shoppers will return. 69% of all condiments in China are purchased in supermarkets. If you want your sauce to really succeed, you're going to need to get your sauce bottles in front of consumer's faces - literally. You'll need to build relationships with local contacts that manage the goods purchasing for supermarkets and other retailers. You'll want to convince these purchasing managers that your sauce is really different, and is worth taking a chance on. Here's a useful overview of the Chinese condiment market I found: https://daxueconsulting.com/condiment-sauce-market-china/ 3. Protect your business against food poisoning risks Because you're selling a food product, you're exposed to the risk of food poisoning liability. Mistakes during the production of the chilli sauce could unknowingly introduce bacteria. If people become sick after eating your sauce, you would be exposed to serious legal liablity. Make sure you protect your business against food poisoning liability, and protect your shipments to China with cargo insurance. You can save up to 25% on business insurance at https://www.providecover.com
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Entrepreneurship

Education

YouTube! These days you can learn majority of the skills on YouTube - from amateur to the most advanced techniques. I share quality content on estate planning and financial planning here.
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Entrepreneurship

Career

Ernest Yeam Wee Leong
Ernest Yeam Wee Leong
Level 6. Master
Answered 6d ago
I did the following in the past and some currently Uber/Grab Reselling Dropshipping Tuition Flyer boy You can checkout my youtube here on the 5 Side Income Ideas For 2020 https://www.youtube.com/watch?v=uq8YclRGFO0
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Investments

Entrepreneurship

Stocks Discussion

Hi Anon! Telegram channels are quite a useful and convenient medium to learn about finance and investing. However, some of the information found in these FREE channels can be quite shallow, and are usually very opinionated, so do take whatever you see there with a pinch of salt! Personally, I follow 3 Channels for finance and investments: Seedly Because if I didn't I'd get fired...... just joking! But in all seriousness, the Seedly Tele channel does post a lot of useful content, from top Seedly Q&A Questions, to investing and lifestyle articles. I joined the Seedly Channel way before I started working here, and honestly, it did help increase my knowledge of investing and personal finance tremendously. Don't take my word for it, take a look yourself and see if the content there helps you! Business & Finance News This channel covers World news & financial impacts worldwide, from Crypto to Stocks. It gives a pretty decent surface-level analysis of various financial situations and impacts worldwide, and might be worth the look! Again, keep in mind to take everything you read with a pinch of salt, and to always research your investments thoroughly by yourself first before putting money in! The MileLion Okay, I know this one doesn't really answer the question, but I'm in this group as Aaron the MileLion shares the latest credit card hacks & promotions here. It's not exactly investments-based, but it's definitely worth the look if you're looking to learn how to use credit cards properly, or get into the miles game! If you're looking for other useful Telegram Channels to join, do check out this article by our content team!
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Entrepreneurship

REITs

COVID-19

Economics

Property

Takingstock @
Takingstock @
Level 6. Master
Updated 2w ago
I take opposite view vs Sudhan. I think the situation will be contained by June as all governments are taking stronger action by now. The problem is can the shops survive until June? The smart ones will... - Restaurant cannot do eating in will just have to adapt to doing takeout promos, prepackaged meals - take the pain and straddle labor accordingly to manage costs - develop automated self check out counters - make more use of vending machines I guess things will be bad, but I don't see doomsday. If you want to survive, you will do what is necessary, and governments are already giving a lot of help, plus interest rates are coming down. Those that can't just have to tweak or change their business model to survive in the long run.
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COVID-19

Economics

Career

Family

Lifestyle

Investments

Stocks Discussion

Entrepreneurship

Clara Ng
Clara Ng, Community Manager at Seedly
Level 5. Genius
Updated 2w ago
Hi Anon, Why are Singaporeans panic buying? This is an intriguing question that I think involves some psychology but the bottom line is because human survival instincts kicked in. Our government has consistently reiterated that there is sufficient food supply and emphasised that they’ve been preparing for a day like this after the 2003 SARS epidemic. While I can’t fully understand the extent of how some Singaporeans are panic buying, and our obsession with toilet papers, it’s not completely impossible to comprehend this strange behaviour either. People are just afraid that they will not have sufficient necessities and rather stock up now when they can. What are more pressing issues that we should be concerned about Malaysia’s lockdown? 1. Employers have to find appropriate accommodation for Malaysians who have no place to stay in these 14 days 2. Employers whose foreign talent quota is made up of manpower from Malaysia, they have to consider how to reallocate or redeploy staff for businesses to carry on 3. More businesses might have to stop operations, or eventually close down 4. Lack of support for wages and difficulties with cash flow that is likely to last for a prolonged period 5. Our eateries will be largely affected How can employers seek help? - They can approach MOM to link them up to their partners such as the Employment and Employability Institute or through MOM’s agency, Workforce Singapore - They can also use the SBF ManpowerConnect scheme - a partnership between Singapore Business Federation (SBF) and MOM to help companies in the manufacturing and services sectors better manage their manpower needs in view of the Covid-19 situation Here’s the link: https://www.sbf.org.sg/media-centre/manpowerconnect Conclusion Covid-19 is a battle that we need to fight for a prolonged period of time. Its impacts are also expected to last beyond a year. Hence, I think more attention needs to be placed on greater long-term concerns instead of panic buying. So Singaporeans, don't panic buy please!
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Entrepreneurship

Lifestyle

Family

Junus Eu
Junus Eu
Level 9. God of Wisdom
Updated on 24 Sep 2019
Not super popular, but Die Empty by Todd Henry. The book stems from his first book, the Accidental Creative, where a friend asked this question: "What do you think is the most valuable land in the world?" Several people threw out guesses, such as Manhattan, the oil fields of the Middle East, and the gold mines of South Africa, before his friend indicated that they were way off track. He paused for a moment, and said, "You're all wrong. The most valuable land in the world is the graveyard. In the graveyard are buried all of the unwritten novels, never-launched businesses, unreconciled relationships, and all of the other things that people thought, 'I'll get around to that tomorrow.' One day, however, their tomorrows ran out." No one charts a course for mediocrity, yet it is still a destination of choice. and of course, the most shared quote: “The cost of inaction is vast. Don't go to your grave with your best work inside you. Choose to die empty .” https://www.amazon.com/Die-Empty-Unleash-Your-Every-ebook/dp/B00AEBEWMC
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