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27-09-2013, 09:34 AM
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Junior Member
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Join Date: Sep 2013
Location: Singapore
Posts: 5
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Quote:
Originally Posted by Unregistered
You are doing well in business - good for you.
But generally, Singapore is not easy to start a biz in because (1) rentals are a real killer (2) no real ecommerce potential (target market too small, and people prefer to shop on the big websites anyway) (3) all the big boys are here (with economies of scale and brand names), and (4) ideas get copied too quickly (bubble tea, anyone?).
Empirically, a number of my friends have been successful in business. But ALL of those who are successful, (1) start out with (a lot of) parent's money (can afford to start big enough + failing will not cause their family to starve) or (2) are from a family of entrepreneurs (hv sufficient institutional support).
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Yup true. It depends on what type of business you're in. In this day and age, it's more of building assets and not liabilities. Assets in this case, refers to people. As long as there are people seeking ways to improve their lives, that's where your assets are. Ever heard of the Law of Attraction? Mindset and dreams are important for success, in my humble opinion (:
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