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Leadership is a position where people can thrive, fall back in the shadows, or abuse their power. It takes time, discipline, and a focus on continued learning to be a great leader. You will not only have to be a leader of people but also a leader if yourself. If you expect the best from people under your leadership, you need to hold yourself accountable to the same standards. A great leader leads by example and not merely by their words. How to become a better leader can not be taught, however, learned with right practice.

Many people have stepped up to the position of leadership and failed miserably. The reason this occurs is because they do not understand what being a leader is all about. They only see the power they possess and not the responsibility that comes with this power. If you want to be a person who succeeds as a leader you will need to commit yourself to truly understanding the leadership position.

We have gathered the qualities that are needed to be a great leader. By implementing these qualities into your own leadership, you will equip yourself to become a leader whose team has great success. After all, a leader is judged by their team’s results and not their own individual achievements.

1. Listen to your team

A real leader understands that their team needs to be listened to and not just heard. When you listen to your team, you understand their issues, which helps you create a better working environment for all your team members. When this is achieved the performance of your team improves, instead of leading a team that has a lot of internal issues.

Read more about the 41 tips on how to become a better leader at InCorp Global.

As a startup, your immediate goal needs to be gaining the attention of your customers so that you can sell your products or services. Too many startups waste time trying to make their business perfect, instead of pushing their offering into the marketplace to make money and gain valuable feedback. If you are not marketing, then you are not selling. If you are not selling, then there is no money coming into your business. This is the simple economics, but so many entrepreneurs seem to forget this equation when it comes to their business. Therefore, their business is struggling to exist because it has no customers.

As soon as your business is open to the public, it means that you need to market it and start selling. You cannot forgo either activity just because you do not like doing them. If you want your business to succeed, you will learn to love both activities. This is because these are the two necessary functions that will help your business grow. Therefore, you will need to learn how to effectively market and sell your products or services.

Provided are 9 sales tips that will help you become a better marketer and seller. If you want your startup to be successful and grow into a thriving business, continue reading to learn how. 

1. Sell the value of your business

Customers do not care about all the features that come with your product. They do not care about how well your services compare to your competition. What customers want to know is how your product or service will bring value to their life. Customers have problems that they need to be solved and your business needs to be their solution.

Do not make the mistake of marketing how you are in compared to the competition. This hurts your ability to sell because you are more focused on the competition, rather than your own business. You need to determine why your offer is unique and effectively communicate why customers should spend their money with your business. If you cannot do this you will find it very hard to acquire customers for your business. This is because you are not giving them sufficient reason as to why your business is their best option.

Read more about the 9 marketing and sales tips for startups at InCorp Global.

An announcement was made by the Ministry of Manpower (MOM) on 5 September 2017 regarding the introduction of a new Work Pass (WP) card with a QR code and a free SGWorkPass mobile application.

Check out the contrast between the old and New Work Pass (WP) Card at InCorp Global.

What is a VCC?

A Variable Capital Company (VCC) is an alternative form of corporate vehicle that will soon become available for Collective Investment Schemes (CIS). Presently, the organisational structures available to CIS are the company, limited partnerships, and the unit trust structures. The VCC can be used for both open-ended and closed-ended alternative and traditional fund strategies. As a corporate vehicle with flexible capital, shares are created when investments are made, and the shares are readily redeemable by the shareholders. This kind of flexibility was lacking in the existing vehicle of corporations available under The Companies Act that has several restrictions when it comes to capital reduction and dividend distribution. This new vehicle, exclusively designed for the fund management industry, will strengthen Singapore’s position as a fund management hub in the region.

Background

The idea of the new flexible investment fund structure was first floated in 2016 at the Investment Management Association of Singapore’s annual conference. Later in March 2017, the Monetary Authority of Singapore issued a public consultation to seek feedback on the various aspects of this new corporate structure.   The Ministry of Finance announced in the 2018 Singapore Budget Statement that a VCC would be treated as a company and a single entity for tax purposes. On 10 September 2018, a draft bill for the VCC was presented for the first reading in the parliament, and the bill was subsequently passed in the parliament on 1 October 2018. The VCC Act will come into effect in 2019, and the date is yet to be notified. The VCC framework incorporates several key features of open-ended/flexible capital vehicles that are already available in jurisdictions such as Luxembourg, Ireland, the UK, and the USA.

Originally named as Open-End Investment Company (OEIC), it came to be known as Singapore Variable Capital Company (“S-VACC”). Now, it has been renamed again, as the Variable Capital Company.

Read more about Variable Capital Company at InCorp Global.

From 1 April 2019, the Ministry of Manpower (MOM) will be making adjustments to all work pass application and issuance/renewal fees.

On top of significant provisions being made to the Employment Pass, S Pass, and Work Permit, several other passes’ rates have also been revised.

That being said, the administrative fees for work passes were last updated in April 2013.

To further illustrate, the following table provides a breakdown of the current and upcoming administrative fees.

Check out the fees by going to InCorp Global site.

It is always a problem when you work hard but it feels like you are not being properly rewarded for your efforts. This feeling can be due to the amount of money you are making. Or you may feel like you are settling for a job that does not really fulfill your career needs. If any of these scenarios describe your current situation, it sounds like it is time for you to make some changes. You need to determine a new plan of action, that allows you to achieve you’re desired financial and career goals.

Let’s focus on the word goals for this article. The key to any success you gain in your life is a direct result of you executing your intended goals. Therefore, it is mandatory that you set goals for your career and finances. This is because goals help you determine what it is you want, and the strategy you will use to attain your wants. The ability to set goals and accomplish them is what separates success people from average people. And as you may realize, there are far more average people than there are successful people in the world.

Career and financial goals that you can actually accomplish. When you learn how to achieve your goals, it provides you with the motivation to set bigger goals to be accomplished. If your desire is to produce better results in your career and financially wise, read further along to learn how you can accomplish your goals.

Read more about Financial Goals at InCorp Global.