Business and Money Tips

You wouldn't believe this: as much as 60% of small and medium enterprises are struggling to survive in Singapore when the economy is growing at 3% to 4% this year.  In fact not just SMEs some bigger companies (including MNCs) are also doing badly.  People often asked me: are there ways to turn around this? Companies that do well usually exhibit the following 6 attributes: They treat their staff well, not just in salaries but also in development and opportunities for growth They allow people space , i.e., they don't squeeze until the last drop of juice.  They make sure people work hard but are not workaholic They invest in marketing and sales , for they know that having the best products will not sell unless the selling and marketing are good They tapped into the expertise of outside vendors, like trainers and consultants.  They use their expertise often and multiply their intelligences multi-fold They are not in sunset industries (e.g. traditional printin...