Monthly Archives: March 2012

To market research or not

Many business people run their businesses with many guesswork, intuition or it could be from friends’ and spouse’s suggestions, etc. This is simply too dangerous. Precious resources (especially money) can be lost because of our unverified guesswork and mistaken gut feel. Wikipedia defines market research as “any organized effort to

To register for GST or not

If a small business can afford, then it is actually better off not to register for GST, and here’s why: Assume a tablet is worth $500, and once it is passed through our Customs, there is a GST of $35. Type of company Implication to company GST registered company It has to pay $535, but

Showrooming and its effects on retail businesses

The word showrooming describes a major problem faced by retailers in recent years. It means that customers are merely browsing at retail outlets (including touching, feeling, or even trying it out), and then going back home to purchase the products online at much cheaper prices. That is, customers treat the retail store as a showroom