Building the best team, no matter how small your business

Building the best team, no matter how small your business

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 …

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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 …

The ABC of P2P: A Concise Guide to P2P Financing

Peer-to-peer (P2P) financing is a revolutionary FinTech innovation, with the potential to address the lack of SME financing in Southeast Asia. Since traditional middlemen like bankers aren’t part of the system, it increases profits for investors and decreases resistance for SME issuers. Let’s see how the model benefits both investors …

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How to make working capital work for you

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 …

FinTech as Catalyst for Financial Inclusion

Financial inclusion, the goal of making financial services available and affordable to those underserved and members of society making a lower income, is not a new idea. Now, however, with the development of financial technology (FinTech), inclusion seems more possible than ever. Thanks to FinTech, more people and companies (especially …

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2017 Onwards: FinTech as the Future of Inclusion

2016 was a year of surprises, a year mostly remembered for two political upsets: the Brexit vote and the election of Donald Trump as President of the United States. Observers noted that 2016 was characterized by rising anti-globalization. Yet despite the retaliation towards globalization, the genie can’t be wished back …

Social Media 101 for Small Businesses

Social media is a major 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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Choosing the Right Crowdfunding Product

Interested in raising capital through crowdfunding? We’re not surprised. After all, crowdfunding comes with some pretty sweet advantages. The crowdfunding process is quick and simple – often entirely online. Because crowdfunding requires no collateral, it is a great alternative to traditional financing products. There are three major forms of crowdfunding: …

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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 …