After the global downturn that followed 2008, Small and Medium Enterprises (SMEs) emerged as one of the pillars of the economy, withstanding turbulent times whilst banking titans collapsed around them.
Warren Buffett famously said, "Only when the tide goes out do you discover who's been swimming naked."
That's true in volatile markets like those experienced in emerging markets this year in anticipation of a Fed rate hike.
In the world of small business, the value of successful peer role models and shared best practices can't be overstated: already facing challenging odds of success (about 50% of new companies fail in their first five years), the keys-to-success wisdom shared by a fellow entrepreneur can make the difference between your chances of failure or flourishing.
As the number of start-ups rises in Singapore, getting an insurance plan to protect against the loss of a key person -- the owner, main revenue generator, or chief product developer of the business -- has never been more important.
“Inflation is when you pay $15 for the $10 haircut you used to get for $5 when you had hair”
- Sam Ewing
Inflation in Singapore has seen rates of 4.8 – 5.2% consistently which has caused concern and unease amongst savers with funds held in a bank account earning 0.25% interest.