Benefits of using Xero Cloud Based Accounting Software for your business

Benefits of using Xero Cloud Based Accounting Software for your business - Xero is one of the most popular software in Singapore for accounting work amongst startups. Xero is a new accounting software develop by a company based in Australia with the idea of turning accounting software into something that is highly efficient so that time is saved on doing up bookkeeping work and financial reports can be streamlined for regulatory uses. Xero is popular in Singapore in the recent few years because of its low rates and many features that have been favored by many local companies that are providing accounting and bookkeeping services. There are many benefits that you can get out of using Xero as your primary accounting software for your business and here are some of those that we at Koh Management think will be useful for your decision making: Benefit 1: Xero is a regularly updated software that has integration with many other apps like apple's app store The good thing about Xero is that some of the software ...


Benefits of using Cloud Based Accounting Services in Singapore

Benefits of using Cloud Based Accounting Services in Singapore - Cloud Based Services are becoming very common in Singapore and around the world. With file storage becoming one of the most popular manners of using the cloud for business, businesses such as Windows and Dropbox has made a business model out of providing cloud storage spaces for free to customers and requiring upgrades when the customer reaches a certain level of disk space usage.     Benefit 1: Cloud services allow you to operate from anywhere, anytime Cloud Based Accounting Services are also becoming a more popular form of doing accounting and also preparing of invoices, quotations and receipts. Accounting Software used to be desktop based and the only way of getting anything done is to have invoices issued from the desk of an office but that is not true anymore in this time and age. Businesses are able to tap on new technology like cloud based accounting software to run their businesses from anywhere in the world at any time of the day. The benefits of Cloud services are also that you can use it cross platform, whether it is your phone or your tablet ...


Young Entrepreneurs in the Wedding Industry

The wedding industry is a beautiful one. When two people join as one, the celebrations bring joy to not only the couple but also their friends and their families. There are many entrepreneurs who are part of the wave of young and aspiring youths who look to change the industry by leaps and bounds and to make changes that will be felt by many, through their expertise and also their grit and hard work. Koh Management is very lucky to have worked with a few talented young individuals and we will like to feature some of them today through this special blog post. Within each industry there are specific players who are strong in their field and we would like to feature some of them.   Annabel Law Productions Annabel is currently one of the leading wedding photographer in Singapore with features on various wedding publications such as BrideStory, the Wedding Scoop and other publications. We are proud to know Annabel personally ...


5 Things to watch out for when starting up

5 Things to watch out for when starting up 5 Things to watch out for when starting up - Starting up a business is a decision that is tough for anyone, even for the seasoned entrepreneur it still takes quite some thinking and considering before you make the leap. When an entrepreneur decides to take the entrepreneurial risk, it is always a calculated risk that the investments placed in it will be able to generate profits for the investor himself. For the first timer there are many things that you should be aware of because you are not familiar with how things can change for the worse and what you should watch out for when you first run into certain problems. Here are some of the common items and the not so common items that you should watch out for when you beginning on your entrepreneurial journey   Always make sure you have a proper understanding and contracts with your partners People feel comfortable working with those around you, especially friends, but this is also one of the things that can lead to the end of a friendship. Make sure if you are working with your ...


Startup Bank Account – Preferred Bank for Start-ups in Singapore

Startup Bank Account - Start-up Friendly Bank in Singapore       *DISCLAIMER: Information are correct as of 15/09/2015, any changes that are not reflected at the fastest possible time is regretted, we have included a link to the banks to allow you to better understand, please use this as a guide only!* Are you a running fresh start up? Trying to sieve through which bank to use for your first bank account? We are writing this guide on what we think are the best start up friendly bank in Singapore and hope it helps you in your start up journey. This article is written based on my personal experiences and also from information based off the individual bank websites and banker information. Do share with me if you have any opinions on this article, i am glad to hear more from others. Below is the summary table and our pros and cons analysis of startup bank accounts. If you require referrals for bank account opening, drop Tommy a call 98638665.     1) Startup Bank Account: DBS Entrepreneur's Account for Start-Ups - ...


What Singapore really needs from its startups

What Singapore really needs from its startups We are seeing so many features on financial tech startups, we are seeing education, transportation startups and many other startups that sometimes don't have problems to solve and start creating problems so that they can start something to solve them. We have seen brilliant minds trying to solve great problems but we also must be aware of where Singapore is going towards. Singapore has and will always be a nation that is dependent on her manpower and her wits to outsmart and outmaneuver her neighbors. Which is why Singapore has over the years spend so much money on education and to one up their competitors, they focus on the latest trends and the ones that makes up the most trendy or new industries. As of now, i would believe Singapore start ups should look into building things that can help our most close to heart industries. Trading and Shipping. Singapore was build on the backs of international trade and our shipping industry is one of the biggest if not the biggest in the world. This is something we should be proud of but because of the downturn and ...


5 popular trends of Singapore Startups

You are a young entrepreneur, looking for ideas to work on and to make some money like how Mark Zuckerberg of Facebook did. You are born in Singapore or based here since you are 10 because of your education. You plan to run a start up here and to get local funding from either the government or the many venture capitals that have flocked to our shores because of the abundance of support and gathering of startup founder in this small little island we call home. We have seen a few popular trends and there has emerged a few main types or trends of business that young entrepreneurs prefer to work on and start on. Probably because of the high upwards potential or low entry barriers.   Startup Trends 1) E-Commerce of "Everything" E-Commerce of Clothing and Accessories are everywhere with the boom happening a decade ago but recently we have seen many start ups doing E-Commerce for things that you may not even be aware of. For example, there is a live seafood e-commerce business called Crab Towkay that does live seafood home delivery and uses a E-Commerce platform for payment. They ...


How to set up a Consultancy business in Singapore

How to set up a Consultancy business in Singapore Have you worked in a big MNC for the past few years? Looking to leave the big firm? Or do you have some skill sets that the common man does not and you are in demand by others to solve their problems? With your credentials and starting your own consultancy business could be one of the profitable business ideas to look at nowadays. Singapore is moving towards more of a knowledge economy and someone with extra skill sets can easily monetize them and allow it to make good income for them. So what are some of the pointers to look out for when you are looking to become a business consultant in Singapore.       1. Find out what are some of the more common forms of consultancy people with your skill sets provide | How to set up a consultancy business in Singapore You may not be aware that your skill sets can be packaged in many different ways and rates and this is something that you should work out before ...


How to set up F&B Cafe in Singapore

How to set up F&B Cafe in Singapore Are you one of those cafe hoppers who enjoy the nice ambiance and great coffee that comes with it? Singapore is seeing a new wave of specialty coffee places and there has been a great demand for cafes that offer high quality coffee and a nice quiet place to just chill and catch up with friends. You have seen many cafes doing well and you are able to cook up some good meals or some goodies, you believe you are able to run a money making cafe and want to start one of your own. As an entrepreneur, are you interseted in starting up one for yourself and manage it for interest and also for profits? We will be preparing a simple guide for you to kick start your journey Set Up F&B Cafe Step 1: Decide yourself or with your partners the preferred name for your business. Find something catchy that can be easily remembered or something that is more hipster. Hipster cafes are popular this days. Do check that your company name URL is available as well. You wont want to be ...


Dec 2014 Young Startup Gathering – Workhouse

In December 2014, Koh Management organized a small gathering for start up founders at our coworking space partner's place. Workhouse is conveniently located in Little India and the founder of Workhouse, Mr Kunal Pawa has been very kind to host the gathering. Workhouse Co-Working Space presents a unique space for entrepreneurs, start-ups and SMEs to come together in a single venue to inject creativity and change into today's world and society. They have also recently launched meeting room rental and conference room rental programmes for person who may want to loan them for corporate or project meetings Featuring a flexible and modular design and facilities fully customizable to your needs, leave your burdens behind and focus on what you do best: making an impact with your startup team, associates and friends.     Our young founders had a great time networking and finding out how each of us are doing and sharing best practices. Koh Management organizes quarterly gathering so if you are keen to join us you could go to our ...