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-   -   How to start a small business (https://forums.salary.sg/income-jobs/6003-how-start-small-business.html)

Gaharit 25-02-2021 02:25 AM

I will be happy to share my personal experience. I am the owner of a small business that specializes in the supply of construction materials. For the first three years of running the business, I experienced financial difficulties because I worked with clients on a deferred basis. I started working with a factoring company https://factorforyou.com/illinois-factoring/ over five years ago to establish productive relationships with my key deferred clients. With the help of factoring, I managed to accelerate the turnover of funds and increase the volume of services provided to clients by 25%. The decision at that time allowed me to keep the sales, and indeed the business.

Unregistered 25-02-2021 10:54 AM

Leverage your existing skills

Unregistered 08-03-2021 08:03 PM

Quote:

Originally Posted by Gaharit (Post 157015)
I will be happy to share my personal experience. I am the owner of a small business that specializes in the supply of construction materials. For the first three years of running the business, I experienced financial difficulties because I worked with clients on a deferred basis. I started working with a factoring company [s://factorforyou.com/illinois-factoring/[/ over five years ago to establish productive relationships with my key deferred clients. With the help of factoring, I managed to accelerate the turnover of funds and increase the volume of services provided to clients by 25%. The decision at that time allowed me to keep the sales, and indeed the business.

This is a good idea! Can you recommend me anything else?

Ayanami 07-05-2021 10:32 PM

Nowadays is very hard to start a business. We have to understand that because of the COVID-19 pandemic situation, we are in a significant financial crisis and not only. So creating a business now you have to be very risky. I opened a store in the city center. I sell different designer clothes and the first period was horror for me. Anyway, now I have outstanding sales and making a nice profit monthly. The most essential thing in such a business is security. That's why I installed an entrance alarm from https://www.1800doorbell.com/doorbells/business-chimes/. These guys have the best technologies nowadays.

Unregistered 22-10-2021 07:57 AM

Thank you for your advices


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