With rising business costs and the continual advancement of technology, there has never been a better time for businesses to take their operations online. Starting or converting to an e-commerce structure provides several benefits, ranging from reduced overhead to improved operational efficiency.
However, starting an e-commerce venture is complicated and goes beyond just owning a web domain, requiring a robust business plan, both monetary and non-monetary investments, and a significant effort to establish.
Worry not, InCorp Global is here to assist you. If you haven’t already, head over to our blogs and read our 3 part series on starting an e-commerce business in Singapore. Part 1, part 2, and part 3 can be found at the aforementioned links.
To jumpstart your e-commerce business, InCorp is ready to assist you by guiding you on a 7 step plan as summarised below:
- Research your Market
- Create your Business Plan
- Secure your funding
- Incorporate your company
- Manage your Bookkeeping and Accounting
- Build your Digital Presence
- Prepare for Taxation
Our handy infographic below serves as a quick-start guide and roadmap on your journey to incorporating an e-commerce business in Singapore!