Is it possible to run a small business using my SmartPhone?

There are two main types of companies in Singapore.. The first one is the public company which is listed on the Singapore Exchange and typically has more than 50 Employees. The second one is the private company which are not listed on the Singapore Exchange and can only have a maximum of 50 employees. For private companies there are a few different set-up options: Sole Proprietorship, Partnerships, and Private Limited Companies.

There are many threats that businesses overlook. One of the main threats are Malicious e-mails where the cyber criminal sends you e-mails that looks like it comes from a credible company but it is actually just a phishing technique. You need to be mindful on these and dig deeper. Avoid clicking unnecessary links. VPN security is another issue. VPN's are not all companies provide the ironclad safety that you need so you should make sure that your VPN provider is reliable. Memory attacks are common and some malwares can bypass your RAM so it is also better to update your Operating System whenever there is an update.

As time goes by, the sale and use of SmartPhones have increased. Due to this, advertisers are now advertising products through mobile devices however ad blockers are now emerging posing a threat to businesses. Google, Facebook, Twitter and Instagram are still on top of the list and a lot of business owners use these social media platforms to advertise. There are more mainstream trends however these are the most important ones to watch out for and consider.

Creating a mobile application helps your business be visible at all time and it would also help provide value to your customers. Being visible means that you can have more engagement with your customers thus making your brand recognizable. This would help cultivate your customer's loyalty and make you stand out from competitors.

If you want a quick overview of your business' financial health, Quickbook is the app that you want to install.Quickbook tracks your business’ sales and expenses; views financial statements, such as profit and loss reports; pays your employees and vendors; tracks unpaid invoices; maximizes your tax deductions; and more. You can also try similar apps such as wave, freshbooks and/or Gusto

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.