Failed business
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Do you think it is difficult sustaining a business in Singapore?
Well, last time in the 1980s my uncle owned a wholesale fruits and vegetable business.Was doing very well, drove a mercedes Bens blah blah, stay in a big condominium near orchard.Then the big businesses "ate" him up.
Now he is staying in a three room flat in redhill and ride a bicycle or takes the public transport. -
Nobody can sustain any kind of business in Singapore. They all eventually become bankrupt. Trust me
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HOw does the business ate him?Originally posted by Simon Dean:Do you think it is difficult sustaining a business in Singapore?
Well, last time in the 1980s my uncle owned a wholesale fruits and vegetable business.Was doing very well, drove a mercedes Bens blah blah, stay in a big condominium near orchard.Then the big businesses "ate" him up.
Now he is staying in a three room flat in redhill and ride a bicycle or takes the public transport.
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that guy that owned the whole 'tang dynasty' place
is a fruit seller now... -
he brought it, spent 1 million on it and hope it works but it failed.Originally posted by noopi:that guy that owned the whole 'tang dynasty' place
is a fruit seller now...
he was declared bankcrupt but he have the courage to stand up agian..
salute! -
Ya, he failed because, he oversee what he didn't expected. Also, that piece of land belongs to JTC.Originally posted by FBI:he brought it, spent 1 million on it and hope it works but it failed.
he was declared bankcrupt but he have the courage to stand up agian..
salute! -
It is possible to sustain a business here, or at least to avoid falling down so hard. Basic rule is..... Expenditures Must Not Match Earnings. Savings and investments are important. If better opportunity comes knocking at your door, with the savings and investments, we can venture into new business and leverage on the earning.
Most of us are too quick to ride on the success of the business. New house/s, car/s, hobby, wife(hehehe), expensive holidays, etc. And forget that it take a little stroke of bad luck and wrong timing to fall down hard.
To Sustain Is To Save. -
well, one of my uncle and aunt succeeded (my dad's sis and her husband). They open a shop somewhere near guanyin temple.
another uncle (husband of my dad's sis) started his own property business and still not fail
Another aunt (my dad's sis) married someone who started some business within singapore (dunno got expand out a not though)
So it is possible to sustain. Your uncle was either unlucky or made a wrong business decision. -
to start a business is easy, to sustain it is the challenge....
have to adapt to the social and economic climate as the business progress.....cos things are ever changing so quickly these days
business models and philosophy have to be tweaked to fit the current commercial needs and values...
foresight and some luck will help....
but it's still ultimately hard work and determination plus adaptability -
monopoly is the word.
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outdated alreadyOriginally posted by oOprinceOo:monopoly is the word.
now is toking about synergy -
fail to plan = plan to fail..
check your SWOT, decide on your market share of the market, your marketing strategy on create awareness for your existence, create a need if your product is unique/special, list can go on, but on alcohol now so unable to think more pts atm..
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In face of competition, one must always be willing to change and update oneself.
Find the correct strategy to face the competition. If you realize that you're not fighting the correct war, change the battlefield, fight in another war.
Do what you do best to maximise your time. -
learn how to cheat money best
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SG gahmen is a good example of how a business can be successful in Singapore!
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its a tough world, be the 1st always
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Originally posted by MyPillowTalks:learn how to cheat money best And you'll always have to worry about the law coming to get you. E.g. Just look at TT Durai, although technically that's not cheating.
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x2.Originally posted by toyota-corolla:HOw does the business ate him? -
Meaning those supermarkets...or other big businesses in the supply chain...super company...some company with big capital, big organization, and big structure....they can be more efficient and price lower...and they can force outdated people out of business....
Meat Pao.