Category Archives: Business

Where to Rent an Office?

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Looking for an Office rental in Singapore is not so easy. There are a lot of things to consider in finding an office you can rent. Consider the type of business that you have. You can try to check on room rental online. Some sites provide you various office spaces that you can rent. An agent can be helpful to do the work for you. If you prefer to work on your own, just do the following to know where to rent an office.

Location

The central business district seems to be the best place for a sales company. The high-rise buildings will be a right choice. But even if the building reaches how many floors, there is no guarantee there is still a free space in the building. Getting your own brand company known means you need to be in the central business district. With the new trends coming up and the lack of space from a skyscraper you can now rent away from the central business district.

Amenities

When your office gets water and lighting, you already have excellent facilities. Some office rentals have different amenities that they offer. You can explore your options. The facilities should help make your employees work better. Parking space and 24/7 security are some services that should be provided.

Rent

Office rental in Singapore might just be too expensive depending on its location. Consider your profits when you check on the cost of rent you will have. Paying for your rent should just be easy in the office. If you are making enough for your rent, then give it a go. Expensive rent is right for your business. You will also expect big investors who will only trust companies with a real office. If you are earning big, you will need to rent an expensive office.

Space

Don’t rely on the pictures you see on the website. Check out the place to see the area. You should have enough room for all of your employees. Does it have enough room for all of the furniture that you are bringing in? Think of the space around the office allowing you to work and walk around. Make an office layout in your mind or have it printed. Match it with a real local.

Customers

Who are their clients? Will they visit your office? The office usually has a sofa set to entertain guests. A waiting area is provided if a lot of customers are expected to drop off in the office. A receiving space is used for offices that cater for professional services like a lawyer’s office. The room can invite most customers to come in and refer you to others.

The location in finding an Office rental in Singapore is vital to your business. The type of business should match the office you will rent. Amenities provided for your office can help you choose a room to rent. Rent an office space that is within your budget. Customers should like it too.

How A Solid Franchise Business Plan Can Be Created

It can be very profitable to launch a franchise, however you need to develop a solid business plan prior to getting started.  Having a good business plan can help you attract the best investors and stay on track while you are launching and developing your franchise.  Your franchise business plan should have the following five elements present in it.

1.  Description of your business and its mission

Start off your business plan with explaining in detail what the purpose of your business is and that types of services or products you are planning to offer.  Also discuss the market you’re interested in business franchiseentering, who your competitors are, and any unique challenges that this segment of the market poses.  This part of your business plan should also include the kind of experience you will be providing to your audience, your mission, and the values that are important to you.

Management and organization

How are you planning on running your franchise?  In this part of your business plan address how things will be organized and how you will be managing your franchise.  There are often several managers who are in charge of various levels of a franchise, including regions and stores.  In this section descriptions should be provided of these various management positions in addition to the ideal manager’s profile or actual resumes if you have found employees already.

Marketing

The key element to successfully launching a franchise is marketing.  Analyze the various marketing channels you will be using in this part of your business plan.  Provide some information on the purpose and tone that your marketing campaigns will take and describe the type of image you would like your marketing campaigns to create.  This section also also discuss what sets you apart from the competition and detail strategies you will be using for attracting and retaining customers.

Finances

When it comes to your franchise business plan this is among the most critical parts.  In this section, all of your expected expenses should be listed, including whatever initial investments that will need to be made in order to launch your franchise in addition to estimated recurring monthly expenses. To explain how your franchise will be fund, get a pricing structure created.

Financing needs

You need to have access to come capital in order to launch a franchise.  In this section make a list of everything that still needs to be invested in or purchased.  Go over various funding sources you have secured already and are considering.  Discuss how much funding is still needed and explain where the money will be going and how it is going to used for growing your franchise and generating a profit. If you are planning on borrowing money in order to get your franchise business-franchiselaunched, then you will need to have a detailed plan for generating a sufficient amount of profits in order to make timely loan payments in addition to having backup strategies in the event that your sales numbers are less than what you can planned on.

There are numerous other sections that can be includes are part of your franchise plan.  However, we have definitely covered the ones that are most important.  Speak with other franchise owners or search for sample business plans in order to have a better idea on how a good business plan can be created for your franchise.