A Quick Read on What Business to Start in Singapore
Start-ups and the entrepreneurial mindset maintain the lead when it comes to Singapore’s world of commerce. It continues to be every entrepreneur’s hope to start a business and turn it into the next unicorn. While deciding what business to start in Singapore may be easier said than done, it’s not an impossible dream. It all comes down to having a great idea and successfully getting the whole enterprise off the ground.
Here, we take a look at some trending and viable ideas with the potential to turn into business gold. As leaders in providing comprehensive business solutions, we’re also able to share some helpful facts. Do reach out to 3E Accounting Singapore for more information on all your business needs.
Why Start a Business in Singapore?
Before we look at what business to start in Singapore, it’s essential to know some facts about this island nation. Singapore is an international hub for commerce, with one of the busiest ports in the world. Its accolades range from the highest positions in the Ease of Doing Business Index to being one of the safest countries in the world. Singapore is also the third largest global financial center, with one of the fastest internet speeds in the world.
The country attracts some of the best and most diverse international talents with good governance and robust currency exchange. Singapore also has excellent infrastructure and future-forward policies that embrace cutting-edge technology and innovation. Overall, it is an ideal hub to start a business for any savvy entrepreneur.
Businesses to Start in Singapore
An excellent business idea is nice to have, but it’s not the end of the road without one. All it takes is good planning, due diligence, and a spot of ideation for some great concepts. Start small to test the waters, go big with an enterprise, or work with your buddy in a partnership. Once you have a business idea that works for you, it’s all about being proactive and kickstarting the venture.
Here are a few viable Singapore business ideas to explore:
- Social Media and Website Management Consultancy
- Cleaning and Home Maintenance Services
- Education Software and Technology Solutions
- Home or Online Tuition or Virtual Assistant
- Licensed Telemedicine Service
- Personal Training and Nutrition Consultancy
- Food Trucks, Pop-up Stalls, or Farmer’s Markets
- Homestays, Guest Houses, or Inns
- Upcycling or Refurbishing Services
Once you know what business to set up in Singapore, it’s time to move on to the next phase. 3E Accounting Singapore offers company incorporation services for a seamless start to your business. We’ll be happy to handle all the paperwork and ensure that your enterprise is compliant from the get-go!
Our award-winning standard of excellence ensures satisfactory and modern business outcomes for the savvy entrepreneur. Our packages are also quite comprehensive, offering solutions from company secretarial services to website design and development. Contact 3E Accounting Singapore today to get a seamless and reliable start to your business ventures.