A Biz Plan to Protect Your Investment 

Post an ad like this for FREE!
  • Date Listed16/08/2019

A recent New Paper (26 Oct 2018 - Pg 30) article reported the following:

There were 61,876 Singapore startups in 2018. According to governmental records, 50% of startups will fail within 3 years. Many of these failed entrepreneurs will end up heavily indebted. Financial recovery may take years for many.

As for those 5% of startups who eventually survived beyond 5 years, will they succeed? Would you consider a business successful if it is simply staying afloat and not growing in sales or profit because of the small market size? I doubt you will. As captain of your ship, three very expensive assets are frozen in space and time:

(i) the people on board

(ii) the resources employed to keep the ship afloat

(iii) the ship itself

These three valuable assets are trapped at a point where no one knows why they exist, what they are doing, and where they are going. It is like a ghost ship!


There are two authentic and proven ways you can reduce unnecessary risk, avoid a financial catastrophe and improve your chances of success.

You should always, without fail, take any of these steps to prevent yourself from becoming financially crippled or becoming trapped in a business you cannot get out. These are:

1. Conduct a Business Viability Audit

This is a quick audit to identify the "big picture" risks your startup will be exposed to. From this list, you will have a clear idea of the challenges facing your enterprise and what resources, skills and level of finances that will be required to address these challenges.

You will be able to understand your own weaknesses, fine-tune your approach, improve your capabilities and create a stronger positioning in the marketplace, thus reducing your risk of failure.

These are massive advantages that will contribute greatly to your success.

Each audit is customised according to your industry, business model, customer group, etc.

2. Develop a Business Growth Plan

A business plan is essentially a growth plan but from interactions with clients all these years, I can attest that most entrepreneurs don't really understand its purpose. A real business plan is actually a compass for the enterprise - it is the captain's navigation tool that enables him to see through the fog of uncertainty.

A business plan is a tool that manages investment and business risks by charting out the journey according to a vision and projection of the business environment (the "fog"). Every stakeholder will be able to "see" clearly the business environment, the ship's destination and how it will circumvent the risks in its journey. The clearer one can see through the fog, the lesser the risk in the journey. And as captain, you need this confidence to go forward.

So, risks can be reduced drastically to protect your investment with a:

- Business Viability Audit; or a

- 3 to 5 Year Business Growth Plan

Depending on your budget, either will help you mitigate your risks. The Business Viability Audit will identify major risks and prevent you from jumping into something blindly. The Business Growth Plan goes further to recommend measures to address the identified risks. The plan will become your indispensable Risk Management tool. It will be the captain‘s compass and your ship's dashboard along its 3 to 5 year journey.

To find out how I can help you with the above risk reduction option(s), please contact me or visit my web site here for our professional services:


By clicking "Send" you accept the Terms of Use and Privacy Notice and agree to receive newsletters and promo offers from us.
Add to Watchlist
 Safety Tips - Your safety is important to us and we believe that you can stay safe. Learn MoreReport this ad
Tanah Merah
You might be interested in these similar ads
HOUSE  DEEP CLEANING BY MEN in Chinatown / Tanjong Pagar, preview image
Dear House owners Get help moving house and cleaning at the same time The actual price that you’ll pay depends on the size of your house. For example, larger homes take more time to clean, increasing your costs. For fixed rates, cleaning prices are adjusted according to your home’s size and the extent of the job. • Deep cleaning A deep cleaning is much more thorough and time-consuming than a r ...
Youth Networking Event 2019  in Chinatown / Tanjong Pagar, preview image
Youth Networking Event 2019
Be the change you wish to see in the world! For TheMeetUpSG's 2nd year anniversary, the team have organised a Networking Event targeting youths as they want to empower youths with their aspirations and dreams. This is a great platform for soon-to-be & existing entrepreneurs to grow, widen their network and get a head start on their startup. This event is in collaboration with Tribe Theory ...
Accounting Services - Low-cost/Not freelancer in Chinatown / Tanjong Pagar, preview image
Accounting Services - Low-cost/Not freelancer
Bookkeeping services: -Bookkeeping services -Tax Services -Compilation report services -Secretarial services -Sales audit Advantage of choosing us 1) Reliability: we are not free lancers 2) Affordability: at 200++/mth for book keeping services 3) Professionalism; Our team consists of registered public chartered accountants and personnel with years of experiences Why us? ...
 Driect Punjabi experience maid available no lone no agency fee in Chinatown / Tanjong Pagar, preview image
Driect Punjabi experience maid available no lone no agency fee
Name : palwinder Kaur Age : 24 years Type : one years experience in Singapore Marital status : single Education : 10th Salary : 450$ with two off days Height : 5.2" Weight : 53 kg Religion : Sikh She can cook veg and non vegetarian dishes but eat only vegetarian food , able to handle all house work, she can take care of kids and adults , she can speak good English and Punjabi Hindi ...
BANGLADESHI maid Experienced in UAE for hire in Chinatown / Tanjong Pagar, preview image
BANGLADESHI maid Experienced in UAE for hire
BANGLADESHI maid Experienced in UAE (2 YEARS), from BANGLADESH. Able to converse in Hindi, Bengali, BASIC ARABIC and ENGLISH. NON VEGETARIAN and willing to handle meat. Able to do Bengali, some MIDDLE EASTERN and North Indian cooking and taking care of children of any age. Able to take care of elderly/special needs if taught. Currently in Bangladesh but able to do interview over telephone. Can sta ...
Sofa Cleaning  in Chinatown / Tanjong Pagar, preview image
Sofa Cleaning
Sofa cleaningOcean Cleaning ServicesMattress, Sofa, Carpet, Curtains, upholstery cleaning.(Deep steam cleaning non toxic chemical)We don't care how dirty it is, in us we definitely do our best to fight off all dirt! Contact us @ 98127893 to book your slot now!
More ads