Managing the Challenges Brought About by COVID-19
Taking place for the first time digitally, the annual event SME Centre Conference 2020 was held on Zoom. Attended by entrepreneurs and SME owners, this year’s focus was on managing the challenges brought about by COVID-19 and other market volatilities.
With sharing by Douglas Foo (President of Singapore Manufacturing Federation), Ms Low Yen Ling (Minister of State, Ministry of Trade and Industry & Ministry of Culture, Community and Youth), as well as representatives of the Singapore business ecosystem, several key themes were explored. This is such as leveraging on the evolving business landscape to sustain and grow businesses, the building of capability and seeking of opportunities as well as an exploration of new strategies and digital tools for purposes of business growth.
Through Minister of State Ms Low’s insightful sharing, participants gained a better understanding that the current period may be time to consider focusing on 3 areas; namely the upskilling of workers, digitizing of processes, products and services, as well as the development of new business models.
3E Accounting has heeded the call to grow Singapore’s external wing, future proof our business and deepen business capabilities. This is why our Founder Lawrence Chai chose to open our new country office in Hong Kong on schedule, last month despite COVID-19. We see potential in the Greater Bay Area and the Belt and Road Initiative.
We welcome the launch of the new GoBusiness portal on 11 August. Under Enterprise Singapore, GoBusiness Licensing portal will provide businesses with a simpler, faster and better process when transacting with the government. At 3E Accounting, our Founder believes knowledge is to be shared and not hoarded so that we can all grow together. This is why 3E Accounting has partnered the SME Portal since 2016 and contributed expert articles on various aspects of businesses.
Digital business transformation is a theme that resonates with what we have been doing at 3E Accounting. With a longstanding emphasis on digitization, the use of collaborative technology products such as Google Workspace, cloud servers, IP phones and security software has enabled us to conduct virtual client meetings, interactions and internal work smoothly and securely with zero disruption, during the Circuit Breaker. Our ongoing focus on employee skills training and upgrading with our staff attending relevant webinars have led to, greater productivity, effectiveness and ability to cross-deploy employee across roles where the need arises.