Would a virtual office reduce my business cost?

Scammers have developed a lot of techniques to stip businesses of its money. There are general types of scams to look out for. First is the peer-to-peer lending scam. The second one isthe credit repair scam. New business owners should worry about this because they target new business owners offering to increase their credit scores for a certain fee but this is all a scam. The third one is the consultancy fee scam where the scammers convince to offer you assistance in getting a loan even though it is not that hard for you to need an assistant. There are many more to watch out for. Key is to alwayys be alert and analyze the situation.

What you could do is to give discounts to those people who are most inactive. This way you'll get to pull back your customers and get their interest back on the items that they left in their carts. You can also offer free shipping from time to time to encourage customers to buy your products. Feature trust badges and show customer reviews so that you can gain the trust of skeptical customers. Lastly, try to introduce a currency converter for overseas customers.

There are many apps that you can download but here are one of the best. A very popular communication app is Skype. You can use Skype to video or voice call anyone in the world; get up to 25 people together on a call; transmit video, photos and files of any size; share your computer screen; and send text or voice messages. Skype can also be used on Amazon Alexa devices. Fuze is a videoconferencing app that hosts online meetings for all devices which makes it very efficient for meetings. There are other apps you could try such as Addappt, Pushover and Slack.

At least one Singapore resident must be appointed as the director of the company. Singapore companies are allowed to have 100% local or foreign ownership. New shares can be issued or existing shares can be transferred to another person after the company has gone through the incorporation process. There are no capital gains or dividend taxes on Singapore companies. The procedures for company registration is fully computerised by ACRA (the Accounting and Corporate Regulatory Authority) in Singapore. Usually, a company can be incorporated in 1-2 days.

There are numerous advantages in using a time tracking software. One of which is that you could hold your team accountable for how they use their time. Transparency and objectivity are the other advantages. Motivating your employees by using a software with an objective metrics. The main disadvantage to this is reductionism where you know how long it takes to finish the task but you don't know how it was finished. The most noticeable disadvantage is paranoia. This would cause your employees to be paranoid because they know that someone is watching them all the time.

Make the first impression count. The first impression always lasts so make sure your layout is impressive. Being certified is another way to earn their trust as it proves your website's legitimacy. Always be transparent to your customers and show them all the comments about your website and products. Make sure that your website is also up-to-date. Lastly show that you care for your customers and prove that customers always comes first before the needs of the company.