Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed

Outline · [ Standard ] · Linear+

 For Small and Medium Business Owners, Come In and Share Your Biz.

views
     
sching
post Jul 23 2010, 01:03 PM

Getting Started
**
Junior Member
188 posts

Joined: Dec 2006


A very useful thread here! What do you guys think about organic business? For example selling organic soaps? Is it feasible? Hw about the marketability?
sching
post Jul 24 2010, 10:04 AM

Getting Started
**
Junior Member
188 posts

Joined: Dec 2006


QUOTE(edyek @ Jul 24 2010, 08:42 AM)
Its a niche market. You need some good "wow" factor to promote your products.
*
Yup..i agree it only appeals to a certain market of people. Do you think it would be profitable? Can you kindly suggest what would be the good "wow" factors for the products?
sching
post Jul 24 2010, 10:50 AM

Getting Started
**
Junior Member
188 posts

Joined: Dec 2006


Thanks, edyek for the constructive ideas!
sching
post Jul 24 2010, 11:25 PM

Getting Started
**
Junior Member
188 posts

Joined: Dec 2006


QUOTE(hackwire @ Jul 24 2010, 01:30 PM)
thanks edyek. I have found out that our govt also conduct courses for corporate directors . In their SSM website have lots of courses and planning to sit out to gain deeper knowledge.

on the accounting part, we need to hire someone with business license right cannot be freelancer right?
we were thinking getting freelance to do compilation and monthly bookeeping and when end of year only we seek auditor to do the balancing. Is this correct way rather than hiring professionals since our receipts and transaction might not be so much yet.
*
the accounting part u can actually hire a freelancer who majors in doing accounting work but for the auditor u must hire someone from an accounting firm as only authorised persons are able to sign off the audit report.
sching
post Jul 26 2010, 08:51 PM

Getting Started
**
Junior Member
188 posts

Joined: Dec 2006


QUOTE(edyek @ Jul 25 2010, 03:25 PM)
Since you are hiring an auditor, might as well just use their services to do the accounting. I always use professional services in my accounting, to save my headache, and in case anything happens, I can take legal action against the firm.
*
Mainly due to independence issue, the auditor and the one doing the account should be separate persons. If they are the same person meaning they are merely auditing/checking their own work. If within the same firm but different persons, then it should be alright as it minimises the independence issue.

Topic ClosedOptions
 

Change to:
| Lo-Fi Version
0.0652sec    0.94    7 queries    GZIP Disabled
Time is now: 19th December 2025 - 07:31 PM