Sukamto Sia is known in Singapore as a successful
entrepreneur. He worked hard for many years in school and as an employee of
prestigious firms in Singapore.
Eventually, he gained enough knowledge and experience, not to mention
confidence, to start a company of his very own. He now wishes to pass along
some tips he feels young entrepreneurs will find helpful.
Develop Your Idea. What exactly do you want to do? What kind of
business do you want to create? Is it a new product, or does it already exist? Sukamto Sia believes that
these are important building blocks in starting your own business. It isn’t necessary
to start a business plan at this point, but make sure you think of what you
want to accomplish before moving on.
Business Plan Creation. Now that you have an idea of what you want to
do, and what your goals are, Sukarman Sukamto believes it is time to create
your business plan. It needs to include an executive summary, business
description, marketing strategies, and more. Make sure to research what is
needed in a proper business plan
Create Your Structure. At this point, it is time to start building up
your company name. Figure out who you wish to work with, in order to build your
business. Can you do this on your own? Will you need a team to help create your
business? Sukamto Sia advises you decide
what is best for you in this stage.
Legal Matters. Now it is time to decide what kind of legal business
entity your company will be. Will it be a corporation? An LLC? A sole
proprietorship? This is an important step, so make sure you have the guidance
needed to make the right choice.
Sukarman Sukamto hopes you find these tips helpful on your path to
creating your company.