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4 Websites to Help Quit Your Job and Start a Business

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4 Websites to Help Quit Your Job and Start a Business

Are you feeling trapped by a hum-drum job that leaves you unsatisfied and short of cash at the end of each month? Do you love solving problems, being creative, and being a hard-working, dedicated self starter who’s not afraid to get their hands dirty?

If that sounds like you, then it’s likely that starting a new business might be just the thing to inspire you to greater heights and ultimately put you in control of your own destiny. But starting a new business is not all that easy, and often comes with substantial financial risks that can leave you penniless, or even in debt.

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    Luckily, there is plenty of great advice out there to help guide you through those all important first steps. By empowering yourself with the insights, creativity and knowledge provided by our top 5 list of sites for entrepreneurs, you’ll be able to:

    1. Reduce the amount of time it takes to find and validate a fantastic idea
    2. Research and build a top class business plan
    3. Build a cutting edge, responsive website
    4. Promote and market your business like a pro
    5. Know which software, tools & services are available to increase productivity and cut costs
    6. Understand tax, financial, legal and industry rules and regulations
    7. Work efficiently with your money

    Sound good?

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    Each of the sites listed here has a focus on at least one, sometimes more, of the above listed points. It’s important to remember that almost no single website will give you all the answers you need in one place. I suggest spending some time browsing through all of them to build up your own broad and deep understanding of the challenges that lie ahead.

    Bplans

    Bplans offers free business plan samples and templates, business planning resources, How-to articles, financial calculators, and industry reports.

      Bplans offers an incredible range of business plan templates, advice about how to research and create plans, and insights into finding funding, selling, and pitching during the startup phase.

      Have it bookmarked from the time you have an idea, until the time the business is established and out of the startup phase.

      Along with their vast selection of free downloadable plans and templates for virtually any type of business imaginable, they also have a decent blog and lots of in-depth, useful guides on a range of startup related topics. In particular, you’ll find the following guides of great use:

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      ThePennyHoarder

      The world's largest personal finance blog with 5+ million monthly readers.

        ThePennyHoarder, unlike the other sites in this list, is not really focused on business per se, rather on personal finance. But, what they do bring to the table is a huge variety of creative money hacks and advice for small business owners and entrepreneurs.

        Ideas to stretch or save a dollar that you wouldn’t think of in a million years are part of their daily routine, which is super useful if you’re having to bootstrap a startup without funding or loans to keep things afloat.

        In addition to plenty of information focused on working from home, they also have lots of budgeting tips and even coupons available to help save money when it counts the most.

        Here’s where I recommend you start:

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        SBA

        An electronic gateway of procurement information for and about small businesses.

          The SBA (Small Business Administration) is a U.S. government run resource aimed at helping small business owners and entrepreneurs navigate the complex world of tax, finance, grants, loans, contracts, commerce, government rules, and business legislation. Basically anything you might need to know about your business and industry’s regulatory environment.

          Use this site as a companion from start to finish. It’s not only useful for learning about complex rules and regulations, it can also help you find tax breaks and incentives, make connections with other entrepreneurs and business people, and make full use of the local, state and federal resources available to you.

          For my money, the most useful aspects of this site are the following:

          Entrepreneur

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          Advice, insight, profiles and guides for established and aspiring entrepreneurs worldwide.

            Entrepreneur is arguably the world’s leading online resource for entrepreneurs because, in addition to all the standard guides and advice you would expect from a leading business resources, they also offer something more… real-world insight. Their reach and reputation is such that they can get the inside scoop on news, developments, leaders, influencers, and trends that allow them to get valuable business related insight into your hands earlier than other sites.

            If staying on trend is vital to the survival of your business, then Entrepreneur is the site to bookmark right away.

            Entrepreneur’s site is also so massive that it likely covers every bit of information you could possibly need. The downside is that because much of their content is contributed by third parties, it isn’t always easily discovered or presented in a uniform manner. With that said, there are a few stand out pages that you definitely need to check out:

            So those are my top 5 sites that will help you realize your dreams of leaving the rat race and taking control of your own destiny by building the business of your dreams. Of course, these sites aren’t the only game in town. What resources do you find useful? Share your suggestions in the comments.

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              photo credit: Pinterest

              Featured photo credit: Christian Dembowski via flickr.com

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              Last Updated on January 27, 2022

              12 Reasons Why You Should Consider Working in Singapore

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              12 Reasons Why You Should Consider Working in Singapore

              Nine out of 10 foreign workers are satisfied with working in Singapore, a recent governmental survey reports. Being ranked best for numerous criteria from best intellectual property protection laws to the easiest country to do business in, Singapore also receives a bunch of accolades for the overall quality of life, top education standards and efficient medical system, ranking the nation as the healthiest in the world. So, what exactly makes the City of Lions such an impeccable place to start your career or relocate your business? Here are just 12 reasons why you should consider doing it!

              1. Singapore ranks second as the most globalized economy in the world

              The Global Competitiveness Report 2014 – 2015 named Singapore as the world’s second prospering economy. By defining “competitiveness” as the set of institutions, policies and factors that determine the level of productivity of a country, the report claims to be the most authoritative assessment of the country’s prosperity and well-being. What does that mean for you and me? High wages, low unemployment rate, excellent work conditions and nourishing business development and investment climate.

              2. Salaries are extremely lucrative

              As the economy is booming, Singapore companies are hungry to acquire overseas specialists, offering top salaries and lucrative benefit packages to attract highly-skilled workers and talents. With a median salary of 3.500$ per month, software engineers can earn up to 72.000$ annually, whereas general practitioners usually receive around 80.000$ per year, according to PayScale. Elementary school teachers earn around 34.000$ per year and working as a waitress part time will bring you around 1100$ per month.

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              3. Progressive personal tax system

              Calculating and paying taxes in Singapore is extremely easy and usually takes around 30 seconds to submit your online tax return. If you already obtained a residence permit, your personal taxes in Singapore range from 0% if you earn less than S$ 22.000 per year to 20% for incomes above S$ 320,000. Non-residents are expected to pay a flat rate of 15% from all income gained in Singapore. In addition, all of your earnings gained overseas and brought to the country are not subjected to any taxes.

              4. Getting a work/residence permit is really easy…

              With a population of only five million, and dropping fertility rates, Singapore is highly interested in acquiring new residence and labor force to boost the country’s economy to soaring heights. If you already have a job offer secured, applying for a work permit would take only a few clicks on the governmental website and you will know the outcome within just one day. No lines, no paper bureaucracy and no huge list of supportive documents or blankly stated requirements. Their entire procedure is even simpler if you are a business owner wishing to relocate your business to Singapore, or a start-up entrepreneur wishing to develop your company within the island. You are likely to receive your work permit for a longer term, plus the renewal process is fast and simple. Residence permits are usually issued along with your work permit for the same period of time.

              5. …And the same with permanent residence status

              If you have lived and worked in Singapore for over a year and enjoyed your experience, you can start considering applying for a permanent resident card. Again, the whole process can be done online without much hassle or paperwork involved. Among the factors of a successful outcome, expats name young age (below 50), educational background (degrees obtained in Singaporean universities will earn you extra points), the industry you work in (again extra points to those who are involved in scientific research and working with innovative technologies), and your ability to speak one of the four languages. The processing time does take up to six months.

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              6. The adaptation process goes easy

              As English in the main working language you won’t experience the dreaded language barrier. The local society is an absolute melting pot of Chinese, Malay, Indian and British cultures with 42% of population being foreigners. There is a huge amount of expat communities and meet-ups, restaurants serving awesome foods from all over the world, and imported goods you are used to buying back at home. As expats say, “Singaporeans are generally very comfortable with diversity and have been very welcoming to foreigners” with rare case of racism or religion discrimination occurring. There are numerous international and English schools available, along with pre-school daycare centers, so your kids won’t experience much troubles either when changing environments.

              7. Top notch higher education

              If at any stage you feel like lacking relevant educational background or certain skills to get a promotion, you should consider getting a degree in one of the six Singapore universities. National University of Singapore currently ranks number one in Asia and 22nd in the world offering degrees in Arts, Law, Medicine, Computer Sciences, Public Policy and nearly any other profession in demand. Tuition fees for undergraduate programs range from S$ 28.600 to S$ 129,200 for medical degrees. However, all students (foreign or resident) can apply for governmental grants and tuition aid, cutting down the costs by 50%, as currently around 20% of government spendings go into education. If you are aiming at a top executive position, getting an MBA in Singapore will cost you S$ 58,000 full-time or part-time.

              8. It takes three days to open a business

              Being ranked #1 for the ease of doing businesses by World Bank consequently for seven (!!!) years, starting your business in Singapore is easy and fast indeed. The whole process is done online and your registration will be deemed completed within a few hours after you pay a registration fee of the S$65. Afterwards, you can either refer for further assistance to ACRA (Accounting and Corporate Regulatory Authority) offering you a huge selection of agencies and providers to handle all your business needs – from business start-up services to preparing all the documents for your annual returns.

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              9. Singapore is rated #1 as the best labor force in the world

              As your business grows and you feel it is time to expand, hiring new professional team won’t be much of a struggle. With expats and work migrants flooding the market, local labors are known for their effectiveness, strong work ethics and superb educational profiles. Filling in top executives and managerial positing will not be a problem either as the share of high-skilled professionals with relevant background rose from 27% in 2003 to 31% in 2013. Moreover, 25% of residents reported to have worked for the same company for 10 years, which means less personnel changes and headhunting.

              10. Low crime rates and zero corruption

              Currently ranked the 5th least corrupted country in the world, Singapore surpassed a long chain of reforms and law enforcement practices on the road to a bribe-free society. The Corrupt Practices Investigation Bureau has kept an eye on matters since 1952 and tries all cases according to strict Singapore laws with long-term jail sentences and huge fines up to S$ 100,000. Same goes towards any sort of crimes–even minor offenses are treated with extreme severity. Think: three months of jail and three hard cane strokes for painting graffiti on a war memorial. When living and working in Singapore you don’t need to worry about your belongings getting stolen, nor your life threatened. Besides, you don’t need to have any sort of “special connections” to do business and get through all the legal and bureaucratic procedures.

              11. You can become a millionaire in less than 10 years

              According to a recent report issued by Boston Consulting Group, over one half of wealthy Singaporeans accumulated the majority of their wealth in less than 10 years. That’s the quickest growing rate in the world. Now, Singapore boasts one of the highest millionaires’ density in the world with 8.8% of the population having assets over one million US dollars. The phenomenon exists due to the ease of doing businesses in Singapore, advantageous location with easy access to nearby booming markets of India, Indonesia and Malaysia and quick implementation of progressive new technologies.

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              12. Absolute political stability

              Obviously, your business and you as an employee do not exist in a vacuum and are highly dependent on governmental policies and law-making. The Singaporean government is known for conducting open and fair policy towards constantly introducing new laws, tax relieves, and regulations to enhance the countries’ business environment even more. With the People Action’s Party forming the majority in Parliament since 1965, Singapore has a very stable and orderly government indeed.

              Featured photo credit: Larry Teo via unsplash.com

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