Business Opportunities That Start Small and Can Remain Small or Grow Big Depending on What You Want
Someone famous once said this, “Business opportunities are like buses, there’s always another one coming. If you desire to become one, you could start with small and simple businesses. Singapore is a land of endless possibilities, and this includes company incorporation. The following are the top seven small business opportunities you can grab and commence.
Writing
Freelance writing is not new. Back then, people who work within the editorial, press or public relations industry are expected to be excellent writers. Nowadays, as long as you have extensive knowledge that gives you the edge, you can start blogging. Starting a blog needs the least capital, and you can do it any time. Eventually, your readers become clients, and they will engage you for other writing gigs as well.
Financial Related Services
If you are good at bookkeeping, auditing and accounting, your expertise can generate income. With little to no cost, you can start offering your services to a wide range of businesses in Singapore. Companies must ensure their financial accounts are in check and balance, especially more when the tax season is coming up. Hence, your low budget, high potential business opportunity awaits at the hands of start-up companies and SMEs.
Cleaning Services
Anyone can do their cleaning if time and energy permits. It is a simple task that people often take for granted and putting it off. Most Singaporeans are living the busy life and trying to juggle work and home is exhausting. Hence, you can offer to clean their house or small home offices as a paid service. All you need is some knowledge of cleaning household items and cleaning equipment and chemicals. Do it right with a pleasant personality, and your business will spread through word-of-mouth.
Laundry Services
Here is another aspect of homemaking that can generate income. Again, it is a simple task that Singaporeans have little to no time to deal with. If they can afford to pay others, they will do so. You need to invest in some knowledge of fabric care and purchase a washing machine, dryers and pressing irons. Laundry services have become a necessity; hence, people will come looking for you.
Electronics
You might be thinking of selling electronic items. Well, if you have the capital to do and sustain an electronics trading company, then go ahead. But if budget is your worry, analyse the supply chain and after-sales services. You could be selling electronics spare parts, or you could offer repairing services for electronic gadgets. Or better yet, you could bundle them both to provide a better deal.
Courier Services
Singapore is an international port island. Hence, its strategic location is drawing many global courier services. The city of Singapore is well connected to every nook and cranny. Even with many courier services in the country, efficient delivery services are crucial to success. Hence, your investment depends on how unique you reinvent the services. You can quickly start small and set your schedule.
Agriculture
Singapore may not have much land, but agriculture in Singapore is booming. When there is no horizontal platform, the only way is up. Vertical gardening, rooftop gardening is very common in Singapore. You can learn all about executing agro related projects at your fingertips. The most significant investment is the use of technology suitable for agriculture in the country.
