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Drafting a Business Plan: Form a Singapore Company
Drafting a Business Plan: Form a Singapore Company
A business plan is a guide that will help entrepreneurs on their way to financial success. In addition, this document may also help them to attract potential investors and partners who can help them expand their business.
Singapore,
Singapore,
Singapore
(pr4links.com)
05/10/2010
"A business plan is a guide that will help entrepreneurs on their way to financial success. In addition, this document may also help them to attract potential investors and partners who can help them expand their business."
A business plan is a guide that will help entrepreneurs on their way to financial success. In addition, this document may also help them to attract potential investors and partners who can help them expand their business.
“No matter how great a business idea is, it does not have any value if there is no business plan that can help a person to execute his brilliant ideas and form a Singapore company,” business registration firm AsiaBiz Services said.
For foreign entrepreneurs who are planning to setup a Singapore company, AsiaBiz said that a business plan is one of the factors that can determine their eligibility to have a business in the country.
“By looking at a business plan, authorities can determine if the entrepreneur’s business will be profitable and has a potential economic contribution,” the firm added.
Because of the importance of having a sound business plan, AsiaBiz employs professional writers who can draft this document in order to help their foreign clients from passing the strict requirements imposed by the Singapore government.
According to AsiaBiz, a business plan usually has 20 pages for small businesses but may even reach 100 pages for medium to large companies. However, the professional registration firm believes that regardless of the scale of business, this document should contain these four basic sections: Business Overview, Market Environment, Game Plan, and Money Trail.
1. Business Overview
This section should include the list of products or services offered, the nature of business, future goals of the business, and business structure (e.g., sole proprietorship, partnership, private limited company, etc.).
It is important to note that this section should be brief but still contains the business strategies, market analyses, financials, and the business’ history.
2. Market Environment
This should include some relevant market research and studies, the potential of a certain business sector, how the business differentiate itself among other competitors, and the characteristics of the potential consumers and the factors that will affect their buying decision.
3. Game Plan
This section includes the operational and marketing strategies that will help the business become successful in terms of profitability, operation, and targeting the right market.
In terms of operational strategies, the aim is to keep these cost-efficient as much as possible without affecting the quality of products or services.
4. Market Trail
This section shows the financial statements and projections which include the following: balance sheets showing the list of assets, liabilities, and other relevant financial ratios; cash flow projection which is a forecast of a company’s liquidity measurable by the level of cash on hand and receivables; proposed budget which is the allocation of funds to different business aspects; and monthly income statement which should include the first year of operation for a startup company, or the coming financial year for a well-established business.
More Information:
AsiaBiz is the leading Singapore company that provides Singapore Subsidiary Registration services to local and foreign entrepreneurs and investors and offer consultation regarding the immigration and taxation, accounting and book keeping requirements, and other compliance matters stated under the Singapore law. AsiaBiz has successfully helped thousands of foreign and local entrepreneurs form a singapore company.
AsiaBizServices.com
address: 120 Telok Ayer Street Singapore 068589
phone: +6563034614
website: http://www.asiabizservices.com/
About
AsiaBiz is a company that provides Singapore Company Registration services to local and foreign entrepreneurs and investors and offer consultation regarding the immigration and taxation law, accounting and book keeping requirements, and other compliance matters stated under the Singapore law.
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