Is it the right time to start a business in singapore?
Apr 09, 2010 | 5 comments
World economy is dowm due to recession all over world.
So pls tell me right time to start business in asia/particularly in singapore.
Filed Under: Start An Undertaking
You’ve got your own answer.
Just think, even in war time, there were/are people profitering from it!
So, depending what sort of business you’re going into. There are no such thing as right time!
For ” BUSINESS ” . any time is BAD time, any time is GOOD time also ! All depend ! Sometimes during bad time is become opportunity to Start new Business. In general, no body tell you the ” REAL ” if you happen to ask, MR. Wee from UOB , will tel you, he regretted to steep into Bank Business, he should go for other Business 40 year ago,Mr. Teo from Supper Coffee will advice you not to ” touch ” any 3in1 drinks Business, is less profit now. he also looking into other Business. Mr. Queek from Hong-Leong will tell you not to buy Land, as the Group loss money at Paris-Ris Land for more than 10 year ( just start to build Livia condo ). Open you eye, any time is right time in Singapore, just be SMART. don’t depend of any other, even so call friends, if start to earn some money , try not to over spend ! Work Hard.
If you are rich in cash, it should be OK. Obtaining loans from banks is rather difficult nowadays. Make a careful study first before you jump in, why not come here have a look at the market personally.
yes, rent is cheaper, labour is cheaper but demand is also lower.
Why not go and register the company first for starter then go full throttle when the situation turns for the better instead of waiting for good time to start.