• Q: Who are the SMEs?
    • In Singapore, it means Small Medium Enterprises. According to SPRING Singapore, they are defined as companies with:
      • At least  30% local shareholding and 
      • Group annual sales turnover of not more than $100 million OR Group employment size of not more than 200 employees.
    • They can include family owned businesses and start-ups
    • However, we LOVE and wish to work with companies which share these core values
      • Not state owned or linked to government
      • Owners are fiercely entrepreneurial
      • Owners want to build companies, not only for themselves but to serve the community and support the development of their staff
      • Owners who value economic freedom and want to free others from the “Slavery of Salary”
      • Owners who have immense pride in their service and product offering.
  • Q: Why are SMEs important to society?
    • The SMEs that we LOVE to build will not only give employment to Singaporeans.
    • They contribute in many other ways:
      • Increase productivity
      • Increase talent pool
      • Sustain themselves and others economically
      • Build strong foundations for the next generation
  • Q: What is the meaning of growth?
    • Top Line Growth
      • These are strategies to increase market share and sales.
      • There are key factors across all strategies
        • Branding
        • Intellectual Property Rights
        • Avoidance and prevention of conflict
        • Dispute resolution protocols
        • Using contracts to build relationships and networks
    • Bottom line Growth
      • These are strategies to increase the profit margin.
      • There are established and fixed strategies which a qualified business consultant can assist. Usually
        they involve improving inventory, HR practices, operational matters and administrative work flows.
  • Q: How is law related to ethical and sustainable growth?
    • Law can help to conceptualise and implement corporate structures to support growth plans.
    • How is law related to ethical and sustainable growth?
      • Whether it is a Top Line Growth or Bottom Line Growth, lawyers are important in the following aspects:
        • Assist to conceptualise and implement corporate structures to support growth plans
        • Assist to conceptualise and implement agreements to support the corporate structures
        • Assist to review agreements and legal documents
        • Advise on appropriate dispute prevention and resolution issues
        • Advice on branding and Intellectual property rights protection
        • Assist and advice on HR matters
        • Assist and protect trade secrets and key inventories
        • Assist and set up internal company bye-laws for better bottom line growth
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Summary