Explore Small Office Home Office (SOHO) OpportunitiesDiscover the potential of running a small-scale registered business from home under the Home Office Scheme. In our course, you'll learn to identify business opportunities suitable for a SOHO setup, prepare a business plan, and conduct market research surveys. Gain insights into computing start-up costs, sourcing capital, registering a business name, and launching your SOHO successfully, while also addressing operational, sales, and marketing considerations. Shape Your Business Future with School of Business coursesEnrol in our Higher Nitec in Business Administration course to deepen your knowledge and skills in running a SOHO business. Develop the expertise needed to navigate the world of small business operations and management. Start your entrepreneurial journey with confidence and set the foundation for a successful small office home office venture!
Master Small Office/Home Office (SOHO) SkillsIn our programme, students will learn to identify business opportunities, develop market surveys, compute start-up costs, and prepare for the launch of a SOHO. Gain valuable insights into running a successful small business from home and acquire the skills needed to thrive in the SOHO environment. By the end of the module, you'll be equipped with the knowledge and tools to kickstart your entrepreneurial journey with confidence. Shape Your SOHO SuccessJoin our course to explore the world of SOHO businesses and develop essential skills for success. Learn how to conduct market surveys, calculate start-up costs, and plan for a successful SOHO launch. Start building your small office/home office venture with a solid foundation and set yourself up for a rewarding and fulfilling entrepreneurial career!
S/N Module Outline 1Concept of Small Office /Home Office (SOHO)Registration process for a SOHOOperation conditions under the Home Office SchemeTypes of business prohibit under the Home Office Scheme 2Identify Business Opportunities for a SOHOBasic Types of businessBasic conditions to select a suitable business for a SOHOBasic principles for a good business 3Use SWOT analysis on the SOHO 4Common mistakes made by business newbies 5Ways to start a businessConcept of competitive advantageTechniques to identify business opportunitiesGrowing industries and business opportunities 6Select an appropriate business entity for a SOHOConcept of liability in businessBusiness Registration ActAdvantages and disadvantages of different forms of business entitiesSelect a suitable form of business for a SOHO 7Prepare a Business PlanPurpose of a business plansParts of a business plan 8Develop a simple market research survey for a SOHODifferences between the marketing concept and the traditional selling conceptConcept of marketing segment & identify market segment for a SOHOBasic elements of a marketing mixUsefulness of market researchPrepare a simple market research survey 9Register a business name Factors to consider in choosing suitable namesSelect suitable names for SOHO and its products /servicesSteps involved in registering a business in Singapore 10Deliberate on Operational Issues of a SOHOTypes of premises availablePrepare simple business documents and perform basic record keepingBasic business equipment and IT needs of the SOHOProcess and law governing hiring of workersTypes of business insurance available for SOHO 11Deliberate on Sales and marketing issues of the SOHODifferent sales channels available to the SOHOUse of promotional tools in marketing of products / servicesDifference between advertisement and publicity 12Source for funding for the SOHOStart-up costs for the SOHOSources of funding for the SOHO 13Prepare for launch of a SOHOPreparatory items for launch Purpose and parts of a simple press release