Overseas Payments and Remittances for SMEs: How to Start?

Overseas Payments and Remittances for SMEs: Where to Start?

Cross-border money transactions are showing an upward trend in Malaysia. More money is being sent abroad and more is received from overseas. Yet for small and medium-sized enterprises (SMEs), overseas money transactions can be a tough issue to figure out. Various financial institutions offer remittance services, from banks to foreign …

Why Creativity and Innovation are Important for SMEs

SME Creativity and Innovation

It has become widely accepted that creativity and innovation are crucial to business success, especially in the ever-changing and uncertain world we live in today. While creativity is the ability to produce new and unique ideas, innovation is the execution of that creative ideas. When adequately fostered, creativity and innovation …

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Business Planning 101

Business Planning 101

4 Tips to Maximize Business Productivity All successful businesses start with great planning. Business plans can be a daunting challenge for some, because of the effort you have to put to craft one. As daunting as it seems, business plans are necessary as they provide the roadmap for where you …

How to Build The Best Business Team for SMEs

How to Build The Best Business Team for SMEs

A rookie mistake often made by those just starting a new business is thinking they can handle everything on their own. It’s still a small business, after all, so why would I need more people to help me, they think. As a small business owner, I should be able to …

Building a Business: Online or Offline?

Building a Business: Online or Offline?

When thinking of how best to build your business, a significant consideration these days is whether to make it offline or online – especially, of course, if the business idea you have in mind is in the retail industry. Each option has its ups and downs, so you need to …

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Evaluating Your Business Idea

Evaluating Your Business Idea

The current climate in business is innovative and entrepreneurial. Is it any wonder the startup industry is flourishing? Southeast Asia’s startup scene is also thriving. Since 2012, Southeast Asian startups have consistently obtained more and more financing. If you’re reading this article, perhaps you’ve been thinking of building your own …

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How to Manage Working Capital for SMEs

How to Manage Working Capital for SMEs

What is the most important focus area for any business? Most SMEs make the mistake of focusing only on the profitability of the business. But liquidity is the other pillar on which a company stands. Liquidity is achieved through efficient working capital management. The concept is similar to a person’s …

Cash is King, Cash Flow is Emperor

Cash is king, cash flow is emperor

Businesses, especially SMEs, have grown highly competitive in the past 10 years. Local competition is not new, but international and online competition have kept small businesses on their toes. And along with the general cost of living, cost of doing business has gone up as well. In such a scenario, …

Social Media 101 for Small Businesses

Social Media 101 for Small Businesses

Social media is a significant game changer in today’s marketing world. Even if your business is small, it pays to utilize social media marketing. Start small. In fact, it’s best to manage one or two company accounts rather than force your resources to manage accounts on all the hyped social …

FinTech as Digital Solutions for SMEs

FinTech as Digital Solutions for SMEs

When it comes to managing finances for a successful business, gaining financing is only one part of the story for small and medium-sized enterprises (SMEs). Thankfully, various FinTech platforms provide solutions that can make the lives of small business owners easier. Mainly, FinTech helps through the three categories below: Online …