Starting up a business is tough, starting up a business in singapore is even tougher, when it comes to starting a business in Singapore you probably will need to take care of certain items that you maty not have explored when you are just starting out on a corporate career.
Singapore has a few unique problems that one will not experience elsewhere in the world.
Around the world where unemployment rate is high, it is tough to find someone who is unemployed in Singapore and this is one of the big problems when it comes to finding good staff at an affordable rate. Good staff will probably have chosen to go to a multinational company and this i sosmething you cannot compare with in terms of branding and salary.
There is also this worry on high rent, Singapore has one of the highest rent in the region and prices are going higher and higher day by day. This is something that is tough to control because the land size in Singapore is limited and there are very little space that Singapore can expand to and this limited space will translate to high cost of doing business and every business man is aware of that. Many businessman have since decided to de centralise their business to move to the outskirts of town in Singapore or if not they will outsource certain no core functions to others who are strong in their field to carry out the work for them.
Shared office spaces are a good idea in the sense that you do not have to cough up large amounts of cash for the deposit and also the down payment, this translates to high returns of investments and also you are able to get it at good locations with decent rates, locations in town area can go for 300 dollars per table and this will mean that you can get to work in Core town areas at a very affordable rate for a startup company.
Shared office spaces are also great for startups in the sense of working together and sharing ideas together.
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