22 Best Business Ideas To Start In Singapore For Your Entrepreneur’s Journey (2022)
The emergence of new technologies, shifts in customer demands, and the COVID-19 pandemic have revolutionised the way we do business. These factors have led to disruption in various industries, paving the way for emerging entrepreneurial trends. As a result, you have to stay up to date on what is happening in the world of business to be successful.
If you are wondering what business to start in Singapore, stay with us. We have compiled a list of the best businesses to start in Singapore. This article will help you make better decisions and make your entrepreneurial journey easier. It provides you with an analysis of the best business ideas to start in Singapore.
The best business ideas to start in Singapore
1. Consulting services
Singapore is known for its low corporate tax, making it a very popular business hub. Many global firms have set up their offices in the country, creating an opportunity for consultants. As a Singapore citizen, you can help global firms in the following ways:
Since you understand the dynamics of the country, set up a consulting firm to help global firms plan and strategise. The strategies will help them achieve their key performance indicators.
You can offer a broad array of consulting services in Singapore. The good thing is you can work from the comfort of your home. To start the consulting business, follow the steps below:
2. Translation services
Singapore is a centre for trade, and it’s perfect for translation services. With the high number of global businesses, you will find a market for your translation services. A translator in Singapore can make an average monthly income of S$6,880, depending on the job’s complexity.
Register a sole proprietor business if you would like to start a translation business. Translation business does not require any certification. However, it’s best to have the certificates showing your knowledge in multiple languages, as it gives your clients the confidence to trust in your work.
3. Video editing
If you are creative and detail-oriented, consider setting up a video editing business. Companies use video to tell their brand story and market their products. As a result, videos have become an important marketing component for every business.
You will need video software skills, and you can make an average income of S$4,000 per month from the comfort of your home. To start, make an explainer video showing the services you offer and share it on your social media platform.
4. Bookkeeping
If you are experienced and have the expertise, you can earn an average income of S$32 to S$52 per hour from your bookkeeping business. With accounting systems online, you can run your bookkeeping business from the comfort of your home. Bookkeeping is a lucrative field in Singapore, and you can charge per transaction, per hour, or a fixed monthly charge.
To operate a business from home, you must register for the home office scheme and follow the relevant regulations. According to the scheme, you can use part of your residence as an office. You are allowed to hire one to two non-resident employees.
Digital Marketing
If you’ve got the chops in areas of digital marketing, pay-per-click, SEO, social media management, web app development, content management, etc., then this is an excellent startup opportunity, that would give you the freedom to work from home.
According to blogging statistics, tens of thousands of bloggers are creating profitable content on topics like travel, film, lifestyle, home cooking, business, and more. The best part? It doesn’t cost much.
Your first step is to get into the technical side and then understand what your audiences want. Even if this takes some time, on the go, with the combination of revenue streams like affiliate marketing, email subscribers, and blog sponsorship you’ll be able to grow blogs into a six-figure business.
Small-Scale Business Ideas
22. Resume Writing
Many people don’t have the time, skills, or confidence to write themselves a winning resume. So if you’ve got experience writing job-winning resumes or have hired many people before, consider starting this small business from home. Check out sites like Upwork and Freelancer to find your first client.
23. Calligraphy
Google Trends shows that calligraphy has made a comeback in recent years – especially around the holidays. Why not start a business writing beautiful invitations, cards, and place settings for businesses and events?
24. Transcribing
Transcribing audio into text may not be the most glamorous small business idea, but it provides an enormous amount of flexibility and allows you to work from home. Get your first client through a site like:
25. Massage Therapy
26. Hairdressing
You don’t need to open a fancy salon to start a hairdressing business. Like massage therapy, you can start with home visits. You could also consider offering styling and makeup services.
27. Pet Grooming
The American Pet Products Association expects the demand for pet grooming services to grow in the coming years. If you love animals, why not start a mobile pet grooming service? Reach out to your network or offer your services on a platform like Nextdoor.
28. Sewing and Alterations
Many people still love to mend or alter their favorite clothes instead of throwing them away. If you’re talented with a needle or sewing machine, you could start a sewing alterations business.
29. Virtual Assisting
30. Home or Window Cleaning
31. Bookkeeping
Plenty of small businesses need help keeping track of their finances. If you love budgeting and finance, why not offer bookkeeping services? Reach out to local businesses or check out sites like Upwork or Fiverr to find your first client.
32. Data Entry
33. Tutoring
34. Handyperson
Are you always fixing things? Do you often help friends, family, and neighbors with a range of tasks? You could start a handyperson business. This is one of the best micro-business ideas for those new to entrepreneurship.
35. Pet Sitting
Do you love spending time with animals? If so, you could become a pet sitter in your local area. Plenty of people need help looking after their furry family. You could even get accredited by the National Association of Professional Pet Sitters.
Best Small Business Ideas To Start Locally
If you’d prefer to avoid spending your days typing on a computer, or you want to start a small business in your local community, here are some small business ideas that you can start locally.
36. Catering
If you’re always cooking big family dinners, consider catering for local events and other families’ occasions. Reach out to your network to ask if anyone knows someone who may be interested in your services.
37. Personal Training
38. Landscaping and Gardening
If you love to work outside, consider starting a landscaping and gardening business. Whether it’s trimming hedges, cutting the grass, or repainting fences, many people need help maintaining their gardens and lawns.
39. Photography
Photography is undoubtedly one of the most creative small business ideas. Specialize in family, business, events, or wedding photography and start advertising your services locally. Alternatively, build a catalog of stock photography and sell photos online through sites like Shutterstock, Pexels, and Alamy.
40. Property Management
Countless people need help renting out their properties, managing tenants, and fixing problems onsite when they arise. If this sounds interesting to you, do some research to learn more!
41. Bed and Breakfast
42. Event Planning
If planning birthdays, graduation parties, and family outings is your idea of fun, why not use your skills and start an event planning business? Whether you specialize in weddings or business events, many people need help crafting enjoyable group experiences.
43. Food Truck
If you’ve always wanted to run a restaurant but don’t have the resources to invest in one, consider starting a food truck business. Once you’ve built a loyal following, you could always make the leap and open a restaurant. Check out the licensing requirements in your area.
44. Tour Guiding
45. Home Staging
Sources:
https://www.singsaver.com.sg/blog/business-ideas-singapore-to-start
https://www.neoito.com/blog/most-successful-small-business-ideas/
https://blog.handshake.com/best-small-business-ideas-list/