Singapore is one of the major business hubs in South-East Asia and there are lots of businesses opportunities in Singapore present among the country’s diverse business area.
In general, home based business is the type of business that runs in a home other than conventional office spaces. These types of business are getting popular day by day as they are cost effective and the adaptation of new technology makes home-based workstations more efficient.
This is also beneficial for who cannot leave home for different reasons and responsibilities. Although, information technology plays a major role in the home-based business scenario.
With recent ICT developments employees able to communicate with clients and customers more easily and also complete the task more effectively.
Nowadays every home in Singapore got at least one computer and Singapore is connected with the ultra high-speed broadband connection.
So home based business becomes the viable option for potential business investors.
In order to begin home based business opportunities in Singapore, one should consider a few aspects before starting the business.
Initially, a potential businessman should conduct a brainstorming session and find out the suitable type of business that may go with his/her expertise and taste.
Additionally, he may need to choose the forms of business that may interest him. The second step is to conduct the market research and find out the condition of the market of field.
If market research proved to be successful then one may proceed to name the business and complete the registration process. For specific types of business in Singapore, one may need to take permission from the specific authority.
Financing the business is important and one should have a start-up cost to establish the business.
Moreover, the operational issues must be considered such as, the business premises and space setup, getting supplies and logistics, preparing business documentation and record keeping work, hiring workers if required, making insurance for the business and generate the sales and marketing plan.
When the entire above segment mentioned above is prepared then one may easily start launching a business from home.
Singapore is a business heaven and there are many home based business opportunities in Singapore from where one may choose the right one that may suit his taste.
Some business requires special skills, training, and even certifications. For example, a financial planner is one of the best home based business ideas and to do this business, you should have certification to show that you have the training to work as a financial planner.
With certification, you can have more trust from your clients and more chance to prove your credibility. In Singapore, you may obtain Chartered Financial Planner (CFP) certification from the Singaporean financial planning association.
However, there are come home based business opportunities in Singapore that may not require certification but require inter-personnel skills. An event planner is one of them.
You may arrange small-scale events such as Small parties, marriage ceremony etc by providing light, decoration, and catering. There also are some Home based business opportunities in Singapore that may neither require you to go out nor require any certification.
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Video editing or fitness instructor is few among them. Video production is a demanding field in Singapore and many companies look for videos that may go viral on social media sites.
On another if you are an expert in health and fitness instructor segment such as yoga or weight loss then you may work as a physical trainer for the corporate or personal level.
However, if you have any certification for your training module then you may receive more credibility for your work
There are also home based business opportunities in Singapore for the e-commerce segment. You may start opening an online store and start selling ranges of products.
If you have good suppliers from local and aboard then you may easily start trading with an e-commerce site in Singapore. Nowadays technology allows starting an e-commerce site very easily and they may run without giving any trouble.
Additionally, you can start working as a design consultant to design a flat interior or an insurance planner to provide expert consultation to the customer or private tuition.
However, the rules are very strict for the private tutor in Singapore. You may only tutor three students at a time and more student than this going to be the violation of a law.
Other home based business opportunities in Singapore include home baker, jewelry design, photography, editorial services, computer training, graphics designer, hairdressing from home etc.
The law of Singapore does not allow your home to provide fully beauty salon service but you can provide hairdressing and manicure service from your home.
Singaporean is very concern about their health and thus you can also work as a wellness instructor.
Regardless of the type of business you choose, you must incorporate your business as the sole proprietorship and start work as the freelancer.