Example Analysis of Writing a Business Plan

2024-08-06

To start a business in Singapore and apply for a business permit, a business plan must be submitted. So, how should the business plan be written and how can one highlight their strengths in order to increase the approval rate of the application? Today we will give two real examples to analyze:

Telecommunications Service Industry

Mr. W, with the highest education level of Singapore local diploma part-time degree, graduated in 2010 and has been working in Singapore since 2009. He holds a WP permit and has no management experience. He has obtained an information technology certificate in China and applied for a telecommunications service industry entrepreneurship permit. From preparing all the necessary materials to initiate the application to obtaining the entrepreneurship permit in one go, it took less than a month.

From a practical perspective, Mr. W's personal conditions do not have an advantage, so when preparing his business plan, we emphasized the following aspects.

PART 01

Emphasis was placed on Mr. W's involvement in the telecommunications service industry, which plays an important role in Singapore's ongoing development of fiber optic networks and 5G communication projects. This will accelerate the progress of this project, provide technical and equipment support for its smooth progress, and offer competitive products that will also improve the entire telecommunications service market.

PART 02

Emphasize that the established company has a well structured business model and strong demand. Mr. W is planning to establish a company that not only provides telecommunications products, but also offers corresponding technical support. This comprehensive service for information transmission will make the company's business more comprehensive and competitive in the industry.

At the same time, the products and services provided by the company also have a large market in Singapore. With Singapore's increasing dependence on network communication services, the company's performance is expected to thrive in the foreseeable future.

Data Processing Industry

Mr. L, with the highest high school education, has been working in Singapore since 2008 without any management related experience. He applied for a data processing industry entrepreneurship permit and it took a total of 24 days from initiating the application to obtaining the permit in one go.

Mr. L has no relevant management experience. Although he has worked in computer peripheral technology, there is still a certain difference from the industry he is applying for. The only advantage is that the data processing industry is in high demand and has broad prospects in the current context of big data. Therefore, when preparing relevant materials, Tianyu Business has indeed explored the following aspects:

PART 01

Firmly combining with the background of big data, analyze the future development prospects of Mr. L's industry and its social contribution to Singapore. Based on the collection of real market data and precise data analysis through scientific data models, it will help more enterprises avoid detours, making their business decisions more reasonable and effective, and closer to market demand. And data processing and parsing companies will be an important part of Singapore's accelerated construction of the 'big data era'.

PART 02

Emphasize the uniqueness and innovation of Mr. L's company compared to other competitors in the industry. This includes price advantage - reasonable price without any discount on quality; Cooperate with business tycoon CreateSoft and provide sufficient support; The company has developed innovative products that greatly improve its service quality.

PART 03

Combine the products and services provided by the company with the current topics that people are most concerned about, such as health and exercise. Mr. L plans to establish a company that includes the provision of sports equipment and electronic products on devices. Through the provision of excellent equipment and scientific data, it will gradually lead people's fitness towards scientificity.

Established in 2011 and officially registered with the Ministry of Manpower, Singapore Skyline Business Singapore is your trusted partner for work pass and PR applications. Our experienced team specializes in EntrePass , S Pass (SP), Work Permit (WP), self-employed EP, and Dependant Pass (DP)/Long-Term Visit Pass (LTVP) applications. For expert assistance, feel free to contact us via WeChat (WeChat ID: sgtianyu1 or sissi-skyline) or WhatsApp us at +65-91328885.

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