“Woodlands is a planning area and residential town located in the North Region of Singapore. It is the regional centre for the North Region of the city-state. The Woodlands planning area borders Sembawang to the east, Mandai to the south and Sungei Kadut to the west. Woodlands New Town is situated within the Woodlands planning area.”
Call now 6223 1788 or walk into 10 Anson Road, #01-15 Tanjong Pagar, Singapore 079903.
Financial tips –To Young Entrepreneurs
Most probably when you were young, you had a desire and dreams with the aspiration of what you would wish to do or become when you grow up, did you desire to be an entrepreneur? One of the greatest gifts of being an entrepreneur is the opportunity to flex your financial strength. It’s also one of the most significant challenges for me personally. In fact, many entrepreneurs decide to start their own business because they have a particular skill or talent – or an idea for a product. They don’t know anything about the financial aspects of business – like payroll, budgeting, statements, profitability, cash flow, taxes, etc. So what happens? We learn as we go!
Hire a bookkeeper.
For most entrepreneurs, this is one of the first responsibilities we need to outsource. That’s because we are not experts in finances, taxes, and bookkeeping. Yet many of us insist on trying to do it ourselves. Remember, when we let go of something we are not called to do in our business, we have an opportunity to bless another business owner who is called to serve others in that capacity or such occupation. And – we free up our own time to focus on what we are called to do in business. By hiring a bookkeeper, it will help you as a young entrepreneur to achieve your financial goals
Watch your numbers to determine and manage cash flow.
If you are the type of young entrepreneur who gets wrapped up in the creative side of the business and ignores the finances, this is going to be a challenge. But just like a new exercise routine, you start small and make a commitment to be consistent. The idea is to schedule a specific time every day, week or month (depending on your business) to review your financial statements. This is easier to do when you have a bookkeeper setting up your books with you. And it doesn’t have to be a complicated process – you can create a simple spreadsheet or dashboard that allows you to track the numbers you want to monitor, such as sales, expenses, returns, accounts receivable, etc. This dashboard will be different for every business, but keep it simple and focus only on the numbers that will help you make better decisions in your business.
At QuickLoan Pte Ltd, we provide a range of loan services to bring you quick and simple loan application. Whether it’s to support your education, medical or traveling funds, our loans can finance any lifestyle and life stage. You won’t have to fret about using up all of your savings.
To find us:
Phone: 6223 1788
Office: International Plaza 10 Anson Road, #01-15 Tanjong Pagar, Singapore 079903