Register a Company in Singapore, Pay heed to Client-Focused Service

Singapore is the place for newbie entrepreneurs. It is far easier to register company Singapore than many other jurisdictions. However, making a success of it is not an easy prospect. You need to make your company registration Singapore client-centric to achieve it. You need to understand the full significance of the saying, "The customer is the King," before you could accomplish it. 

Know Your King's Wants and Needs

If you intend to treat each of your customers as the King, a mindset every startup must cultivate, you need to know what does he want and need. In fact, it is a thing that you should know about even before you register company Singapore. In the pre-internet era, the task was tough to achieve.

Market Surveys and Research

The companies used to print a questionnaire and send Field Investigators out to talk to the prospective clients based on their age group, income, etc. With the advances in internet technologies and presence of different social media channels the task of conducting Market Research and knowing, "What the customer is ready to pay for?" has become somewhat easier.

Create a Business Website for Your Singapore Company

Immediately after registering company in Singapore, you need to create a business website for it. You can use to it publish information about your products and services. Most importantly, you can use it to ask your clients for their valuable feedback by conducting internet surveys. You only need to ask a few most relevant questions.

Chat With Your Visitors

Moreover, you can put in place the chat facility on your website and have live conversations with the visitors. It is an effective way of dealing with what they want and making an impression on them. It will let you know about their interests, suggestions, complaints, etc. You can also ask their contact details like email, phone number, etc. However ask for their permission before sending your promotional material advertising discounts, sales or new products to them.

Add Value to Your Products

Use every means to get as much information on your targeted customers as possible. It will help you in adding more value to your products and services and in making them more appealing to them. If you are still thinking of opting for a company registration Singapore, you must know that it is directly related to the initial sales of your startup.

Get Paid Customers

You make it easier for your business to survive, the faster you convert your targeted customers into your paid clients. And for a bootstrapped startup, it is of utmost importance. It helps the startup in getting known, proving its commitment to the welfare of customers, and in eventually acquiring a brand image. It is a task that needs a long-term commitment, and you should have a plan ready for it before deciding to register company Singapore.

#company #registration #Singapore at $699 only https://t.co/6dUGbkzShA by @company_sg pic.twitter.com/xRYBSfu0Gf

— Register Company SG (@company_sg) February 7, 2017

Get Paid Customers

Moreover, nothing can match, the goodwill and the mouth publicity generated by the satisfied clients. The marketing gimmicks can take you up to a level and no further. Taking your business on the path of success is not an easy thing to achieve unless you really want your customers to be fully satisfied with your services and products. You must always keep in mind that a new company registration Singapore cannot survive without generating revenue and profit.

Learn How to Handle Difficult Customers

The fate of your business largely depends on your attitude; how you handle them and whose interests you put first, yours or theirs. Putting your customer's interests first is a huge commitment. It means you even put the interests of the most difficult customers above your own. Some experienced managers and proven entrepreneurs believe in getting rid of bottom 10% of sales force and customers. They say, "Just drop them; they are not worth the efforts."

Never Give Up

However, you can make it a point of not giving up on these customers, especially when they need the products and services that you offers. As a startup without a proven track record and an identity, you cannot afford to do so and stretching your limits and expanding your thoughts to cater the needs of these individuals is like enlarging your experience.

Take it as a challenge, prove your worthiness, and get paid for it. Is anything wrong with this attitude? Moreover, you will have something to boast about to your friends and colleagues. Didn't you register company Singapore to just do that?

Government Grants for Successful Company Registration Singapore

Are you going to take a leap of faith and launch your startup business opting for company registration Singapore? But, you have no spare money to fund the business. That does not mean that you have to drop your idea of bootstrapping. Singapore government has pumped tons of money into grants and schemes to provide succor to startup entrepreneurs. The country is perhaps one of the most proactive government who nourishes young and new entrepreneurs to strengthen its economy.

Despite the availability of various cash grants and programs, you might face a hard time figure out and secure the right one for your business. A professional firm can help you fit into any one of the grants offered by the government. Or you may also devote some time to make some effort to find and secure a grant yourself prior to registration of the company.

Before jumping in too deep, let us discuss Singapore company registration in brief.

Company Registration Singapore

The Accounting & Corporate Regulatory Authority (ACRA) is the national regulator who oversees the process of company registration in Singapore. The process must be followed as per the Singapore Companies Act, Cap 50. There are few requirements which must be met before filing the application for Singapore company registration with ACRA.

1. Minimum one resident director of 18 years or above. He must be a citizen, PR or holder of Employment or Entrepreneur Pass in Singapore. 
2. The number of shareholders must ranges between 1 to 50. 100% foreign shareholder is allowed. An individual or a corporate can act as a shareholder. 
3. A registered office address must be lodged at the time of registration. It must be physical one (residential or corporate space). P.O. Box address cannot be entertained.
4. The minimum paid-up value is $1. 
5. Appointment of a company secretary within six months of company incorporation is a must. The applicant must undergo two simple steps to accomplish the process. 1) company name approval and 2) company registration. The proposed company name has to be unique, meaningful and decent. The approval of the name is subject to availability with ACRA.

Once your company name got approved, you must submit the application form and required documents with the authorities. The entire process does not take much time provided your application does not require review by the approval authority. You will be notified by ACRA through an email regarding your successful incorporation. The email contains the incorporation certificate along with the company registration number.

How to Find a grant for your startup in Singapore?

Follow the below-mentioned points to secure government-backed funding in Singapore.

Conduct a research on available grants: Find out which are the grants available for start-up businesses and suits your industry type. The best source to find the data is the official websites of various government-backed agencies such as SPRING. There are good numbers of cash grants, equity programs and incubator schemes available for startups in Singapore.

Compile a list of grants related to your business: Make a list of the grants related to your business plan and idea. It makes sense as businesses often face fierce competition in obtaining grants during their days of company registration. Nevertheless, your hard work will be paid off, if you succeed to secure the grant. Many other new entrants want a grant for the very same reason you do. It is better to cast your net wide by applying for different grants. This way, you are more likely to get the funding of your desire.

Prepare a grant proposal: Write a grant proposal and fill up the application form. When writing the grant proposal, make sure to use standard business language (avoid flowery and slang language). The proposal must include a financial plan (details of existing funding) and how the fund will be used in the course of business operation. You may consider hiring a corporate firm to write the proposal on your behalf. It will give it a more professional look. This works great especially when you are new to grant proposal writing.

Learn from the rejection: It is evident that majority of grant applications got rejected. That is the hard truth of government-backed grant world. But, do not let down your spirit after the rejection. You can learn from the rejection of a grant. In the case of rejection, you have the right to know the reason behind it. If the reason is not made clear in the rejection letter, the applicant may call the agencies to provide more feedback. You may re-apply for the grant while searching for more grants and options. You may also consider applying for a business loan while waiting for government' approval for grants.

The top start-up grants available in Singapore are ACE Startup Grant, ComCare Enterprise Fund, Technology Enterprise Commercialisation Scheme (TECS), Ideas. Inc Business Challenge, SPRING Startup Enterprise Development Scheme (SPRING SEEDS), Early-Stage Venture Funding Scheme (EVFS) and so on. The tactics mentioned above may help you secure funding for your dream venture. Meanwhile, make sure to get acquainted with the process of company registration to give your start-up a strong start.