ACROS Blog

I wrote 10 Things to Do to start a business in my previous blog. Opening a business bank account is one of the essentials to run a business. In Singapore, there are many banks to chose from. The most popular bank here is DBS Bank, we can see it's ATM everywhere in island-wide. Though, one of my business-owner-friends mentioned that she chose OCBC Bank, not DBS. When I was searching for the Bank info, I found a  useful website which contains a comparison chart of major three banks. Looking at this chart, I chose OCBC bank to minimize the fixed cost. After choosing a bank, these are 4 Steps what I did to open an account; Walked into one of the branches and asked the required documents for account opening Made an appointment with one of the business account representatives Visit a branch with required documents (IC/Cheque book for initial deposit) and had a interview with a representative Write a cheque for initial deposit That's all! Very simple. I was not...

What do we need to do when we decide to jump into a start-up business? Here are 10 things what I did as a kick start; Write down all of the business ideas Dream about what I want to achieve through this business Talk to some friends who is running a business 1&2 and seek their advise   Think about business name Research about the best business structure (Pte Ltd/ LLC/ sole proprietorship...) Decide two types of business activities (as it's required for business registration) Register business (via IRAS website) Register a domain name & email address Start writing a business blog  Open a business bank account I have been dreaming about starting up my business for quite a long time,  but I have been just dragging it off, making lots of excuses to myself... But, one super blue moon night which was on February 1st this year,  I started to feel so excited about make my dream come true. I got up from my bed in the middle of the night and s...