Small businesses have been battling inflation for past year. What are the effective strategies to manage rising costs and GST hikes?
Rising inflation and GST increases affect businesses, especially freelancers and small business that are unable to pass on the higher costs to customers.
Join us to learn strategies for managing rising costs, grants, and initiatives from the Singapore budget that will benefit your business and how to navigate your business through these trying times.
You will also have the opportunity to network and mingle with other like-minded freelancers and business owners.
How to manage rising costs as freelancers and small businesses
Small businesses have been battling rising costs for the past couple of years. Inflation is forecast to be close to 7% in 2023. GST increase will further worsen the effect of rising costs to small businesses.
Hear from our speaker on strategies to manage rising costs, followed by a question-and-answer session.
Speaker
Cecilia Lee is a professional Accountant and has extensive commercial experience in varied industries, from listed companies to charities.
She is passionate about sharing professional knowledge and experience to equip youths and adults about accounting.
Cecilia is skilled in writing, having crafted online articles and edited commemorative books. She obtained a professional certificate in copywriting in 2020.
Panelists
Reggie Koh, The Financial Coconut
Reggie is a serial failed entrepreneur, attempted author, avid backpacker that has finally found his career footing in the Podcasting Space during the height of the pandemic. What started as a dinning table project, The Financial Coconut, is now the leading podcast in the personal finance space in Singapore. He has interviewed many of the biggest individuals in Singapore's personal finance space and has since grew the network into other genres such as careers, property investing, stocks and entrepreneurship. He believes the audio market is something to follow and that every company should have a podcast!
Vincent Ha , Lytepay
Vincent is an entrepreneur with roots in freelancing. After making his first dollar renting books in Primary 2, he was hooked to the idea that money can be made in an infinite number of ways - limited only by one's imagination. Throughout his time in University, Vincent was a freelance videographer and video editor. He eventually joined his friend in starting Big 3 Media, a video production company, kickstarting his journey as an entrepreneur. In 2011, he became a co-founder at Gushcloud, an international talent and entertainment company with offices in more than 10 countries today. Having seen the future of work at Gushcloud, observing that increasing numbers of talented young people are choosing to be creators and business owners, Vincent was inspired in 2018 to help build a financial ecosystem that empowers creators and freelancers. Today, he spends his time fulfilling that mission at Lyte, to create an assured future for all freelancers.
Moderator
Jayce Tham, Creativesatwork
Hailing from the corporate world, Jayce is indeed familiar with the pressure-cooker environment that’s out there. She spent over 7 years as Assistant Director and Department Head at Media Development Authority before founding CreativesAtWork.
Jayce is a big-picture, visionary leader who has the unique ability to still keep one eye on the details. She encourages innovation and experimentation and infuses heart, soul, spirit and passion in all that she does.
Her forward-thinking mindset and strong passion for identifying growth opportunities puts her in the business development role. She is highly adept at building collaborative cultures, cultivating solid stakeholder relationships and driving change.