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 …

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 …

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4 Steps to Simplify Small Business Accounting

4 Steps to Simplify Small Business Accounting

Cash flow is crucial to the life of any small business, which makes keeping track of how you are spending your money especially important for small businesses and SMEs. This is where accounting comes in. Many business owners look at bookkeeping as tedious and time-consuming. But organized financial information should …

How to Protect Your SME from Cybercrime

How to Protect Your SME from Cybercrime

As technology evolves, so do hackers. It’s an unfortunate truth, but the number of cybercrime and hackers targeting businesses have skyrocketed. Small and Medium-Sized Enterprises (SMEs) are right to be worried. According to a recent report by the UK’s Federation of Small Businesses (FSB), SMEs are more likely to be …

4 Ways to Improve Business Leadership

4 Ways to Improve Business Leadership

Everyone can be a leader. Leadership is a skill rather than an innate trait; you can work on it and develop it to get better. Try implementing the four tips below to improve your leadership ability. 1. Improve your communication skills Many, many problems can emerge due to miscommunication, from …