Paying heed to the following advice could stop your business from ending up like Borders -- bankrupt. Photo: ChicagoGeek
Don’t count on renting a storefront to revive the flagging sales for your online business and compensate for a weak business model: You might end up digging yourself a bigger hole. Rather, going retail may be prudent only if your online business is doing very well. Read more
It turns out that not all of Nanyang Technological University‘s top five recent graduates in 2011 are the high-flying investment banking types. In fact, two of them are entrepreneurs who started their businesses while in university, reported Singapore tabloid The New Paper.
The first is Lester Lin, 25, a chemical and bioengineering graduate who founded Science Hub, an enrichment center for primary school kids, in 2008. The second is Tan Yi Fong, 23, a married young mother, who started online fashion stores Ministry of Retail in 2009 and Creme & Co this year (she and her husband were interviewed in this SGE story).
Both entrepreneurs earn about S$12,000 (US$9,955) a month, while the top earner, who works in the finance sector, rakes in some S$20,000 (US$16,591).