Small Office Home Office

Small Office Home Office

Do 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 SOHO
Compute a start-up costs of the SOHO
Prepare for the launch of the SOHO

S/N	Module Outline
1	Concept of Small Office /Home Office (SOHO) Registration process for a SOHO Operation conditions under the Home Office Scheme Types of business prohibit under the Home Office Scheme
2	Identify Business Opportunities for a SOHO Basic Types of business Basic conditions to select a suitable business for a SOHO Basic principles for a good business
3	Use SWOT analysis on the SOHO
4	Common mistakes made by business newbies
5	Ways to start a business Concept of competitive advantage Techniques to identify business opportunities Growing industries and business opportunities
6	Select an appropriate business entity for a SOHO Concept of liability in business Business Registration Act Advantages and disadvantages of different forms of business entities Select a suitable form of business for a SOHO
7	Prepare a Business Plan Purpose of a business plans Parts of a business plan
8	Develop a simple market research survey for a SOHO Differences between the marketing concept and the traditional selling concept Concept of marketing segment & identify market segment for a SOHO Basic elements of a marketing mix Usefulness of market research Prepare a simple market research survey
9	Register a business name Factors to consider in choosing suitable names Select suitable names for SOHO and its products /services Steps involved in registering a business in Singapore
10	Deliberate on Operational Issues of a SOHO Types of premises available Prepare simple business documents and perform basic record keeping Basic business equipment and IT needs of the SOHO Process and law governing hiring of workers Types of business insurance available for SOHO
11	Deliberate on Sales and marketing issues of the SOHO Different sales channels available to the SOHO Use of promotional tools in marketing of products / services Difference between advertisement and publicity
12	Source for funding for the SOHO Start-up costs for the SOHO Sources of funding for the SOHO
13	Prepare for launch of a SOHO Preparatory items for launch Purpose and parts of a simple press release

Business & Services