Small Office Home OfficeDo you know that you can run an approved small-scale registered business from your home under the Home Office Scheme? During the course, you will identify business opportunities suited for Small Office/Home Office (SOHO) setup, prepare a business plan, conduct a market research survey. Learn how to compute the start-up costs, source for capital, register a name for the business, and prepare for the launch of the SOHO. The course will also cover key considerations such as common operational, sales and marketing issues.Related ITE Course: Nitec in Business Services
At the end of the module, students will be able to: Identify business opportunities for a Small Office / Home Office (SOHO) Develop a simple market survey for the SOHOCompute a start-up costs of the SOHOPrepare for the launch of the SOHO
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