Running a start-up retail operation

Running a retail/store operation in Singapore for a start-up company can prove to be difficult.

Think rent is all you’ve got?

Don’t forget the
Monthly utilities charges
Your renovation cost
Staff wages
In addition there are GTO charges (The shopping center landlord takes a percentage of your sales. Varies from 1%-5%)
And not forgetting transaction charges by NETS, Credit Card Companies and such (Varies about 3%-4%)

In the third quarter of last year I started working on www.in3labs.com, my other start-up (besides www.facebook.com/partyparlour where I plan kids parties). In3labs is a company that teaches Creative Robotics to kids age 5 and up. My partners and I are currently busy looking for a suitable place to be based at where we can offer these classes and there’s so much to think about. While we have started to partner enrichment centers to offer these classes, it’s nothing like having your own space and establishing your own brand.

This whole thing about being self employed is refreshing and ever so challenging. To me the best reward is time. Time to do the things you love and for those you love.

Also a song to end off this post

And how true – because having a salaried job is like putting out your life for rent. And at the end of the day – nothing you have is truly yours. You paid with the days off your life but really, you own nothing.
Unless your employers understand that everyone needs to be entitled to their days off, especially those with kids.

While speaking to a friend based in Holland now who once worked as an expat in Singapore. I gathered that days off for parenting are really common in places like Amsterdam. Every week on a designated day, you’ll see men take the afternoon off to pick their kids from school,to spend time and basically to be a father. (helps to take the loads of mommies as well).

Also annual leave and mostly granted even when big projects are taken on by the company, they respect employees enough and the culture dictates that people get their days off no matter what. (Something Singapore needs to learn.)

Pledge to support BLOW at – The Martell Ultimate Start Up Space competition

Every wondered why there isn’t a place where you can attain catwalk worthy hair, fast? I asked myself that plenty of times, and when no one answered, my friend and I set ourselves up on a mission to bring great hair, fast and affordable to you.

We all know how easy it is to dress up, and when we do. Often with the most expensive dress or handbag on our hands. Something is still lacking. Well we’ve got the answer to those who want to look good and not just on special occassion

BLOW is Singapore’s first hair “blow dry bar” fully dedicated to those on the go. There will be no cuts, no colors, and no fuss. It’s Great Hair Everyday.

Now did I mention our start up idea has made it to the top 10 ideas for The Martell Ultimate Start Up Space competition?

We’re in the running for a rent free , 1400sq ft shop space down at 29 Boon Tat Street, as well as the start up capital of 20,000 generously sponsored by Martell, and co sponsored by INSEAD, the business school, Epicentre, and Home FIX.

20% of our team’s score will come from crowdfunding and here’s how you can get in on the action. Be our crowdfunder to help us get to the TOP, and be rewarded! As our crowdfunders, you will receive great perks when we open from partner brands such as Frolick yogurt, TheScarletRoom, and other great brands!

To support our idea, you’ll need a paypal account which is free and easy to sign up for here. Choose to open a personal account.

Thereafter, go to http://www.ultimatestartupspace.com.sg/top10/blow to make your pledge. In return, you’ll get a lovely BLOW DRY at knock out prices, and the redcarpet treatment at our store when we open. You also stand to in an ipad 2!