Running a home-based business in Singapore is an excellent way to combine flexibility and entrepreneurship. Many types of businesses can thrive from home if one does the proper planning and follows the regulations.
Freelancing is also one of the most popular choices, like graphic design, writing, and IT consulting, which require very minimal setup and rely a lot on the individual expertise. In this manner, online retail is also a great option. With such platforms as Shopee or Lazada, entrepreneurs can sell products without a physical store.
For the talented among them, tutoring or coaching offers a good money-making opportunity. Giving lessons in academics, music, or aerobics from home is also satisfying and sought after. Further, food businesses, such as catering or home-baked goods, have recently become very popular. However, they require compliance with food safety regulations.
Developing digital skills opens up opportunities for different streams of income, including social media management, content creation, and digital marketing services.
First, it is important to check whether the selected business type comes under the Home-Based Business Scheme initiated by Singapore. All the businesses should follow guidelines put forward by Urban Redevelopment Authority (URA) and Housing Development Board (HDB) for smooth operation.
Operating a business from home saves money and supports work-life balance. One IBC Singapore has customized solutions to help develop and maintain home-based businesses with top-notch suggestions and mentors.