Though technology has revolutionised the way bookkeeping is done, that doesn’t necessarily mean that technology and software do all the work for you – someone still has to organise, input, track and check the data to make sure that everything is correct. Even if your startup doesn’t have the budget currently to hire a full-time… Continue reading The Four Basics of Bookkeeping
Relationships should be a priority for business everywhere in the world. AI is beginning to change the way we do business and, in the near future, SME-Bank relationships will be with algorithms as well as with people. You may think that you have the best product or service in the world but if you don’t… Continue reading Why You Should Strengthen Your Relationship with Your Bank
The beauty industry although lucrative is equally an expensive undertaking. Whether it is a product or service oriented business, this industry demands quality at its finest. This is especially true for running a salon or a spa business in Malaysia. You will set aside significant capital for equipment, products, stock, fixtures, decoration, marketing and many… Continue reading 4 Ways to Get Funding for Your Beauty Business in Malaysia
As small business owners it’s important to monitor the cash flow of your restaurant business.
We’ve got you covered with these 4 tips that are sure to help you monitor your businesses cash flow so that you’ll always have reserves!
One of the key foundations of any business is to choose a good banking partner. When you are getting started in your new business, start by deciding which services you need. Make a list, then prioritise your needs. Go out, go shopping, and evaluate which bank or banks offer what you need. Don’t just look… Continue reading How to Find the Right Bank for Your Business
Every industry needs to conduct audits and prepare accounting for their businesses, but SME retail stores face several special accounting challenges. A complex business and limited resources to devote to the accounting process are just two of the challenges in the retail industry. Simple economics tells us that allocating scarce resources properly will make your… Continue reading Accounting for Your Business: Tips for the Retail Industry
Death and taxes, the two inevitable dreads we must face. If you have been employed in a company before, filing income taxes was a breeze with the good people in the finance department. However, for those of us who wish to start a business, the concept of corporate income tax can be daunting. Understandably, here… Continue reading Commonly Asked Tax Questions By New Malaysian Business Owners
How do you distinguish yourself from your competition? Who do you even consider your competition? More often than not unnecessary changes to pricing strategies are made by nail salons in order to get ahead of their competitors. In this article I will write about when it is necessary to pick up a fight and how… Continue reading 3 Simple Steps to Improve Your Nail Salon’s Profitability
In countries like Malaysia and Singapore, having a multicultural nature means that tons of cultural festivals are celebrated each year. Occasions like Chinese New Year, Hari Raya, Deepavali, and Christmas and this list goes on indefinitely are celebrated my millions annually. Local restaurants like my own have latched on to these special occasions to promote… Continue reading Why Festive Seasons Drive More Profits for Your Restaurant