What are the common types of market research?
The most common types of market research are conducting surveys, carrying out interviews, organizing focus group discussions, and observing consumer behaviors.
Why do I need to conduct business market research?
Some rationale to conduct business market research is to determine the viability of a business, explore new markets, have a better understanding of the market trends, and develop strategic plans to succeed.
How is market research conducted?
Market research can be conducted by finding a market problem that needs to be solved, drawing a plan and strategy to solve the identified market problem, thoroughly examine the market size, or investigate competitors.
What are some of the challenges to bookkeeping?
The merits of bookkeeping in accompany are obvious. However, you might face the following challenges with bookkeeping; Legal obligations to the authorities Inaccurate data The cost of bookkeeping Transparency and Obligation
How important is bookkeeping?
Bookkeeping is one of the crucial aspects of managing a business. It makes it much easier when budgeting. Weighing the expenses against income will enable you to organize and easily review your [...]
Is audit a mandatory activity in Hong Kong?
It is a requirement that all financial statements, profits, and taxes to the government be audited by an independent third party. Therefore, all companies in Hong Kong must have their financial statements [...]
Should I consider outsourcing a bookkeeper in Hong Kong?
Many business owners assume they save money when they do bookkeeping in-house. However, it is better to outsource a bookkeeper. By doing so, your employees can use the time to conduct business activities that can generate more revenue for the company.
How can I outsource a bookkeeper in Hong Kong?
The two possible ways that you can outsource a bookkeeper in Hong Kong are either working with a freelancer or with a firm. A freelance bookkeeper might either work with you in [...]
How does one ensure they get the right employee when expanding into Asia?
To secure the right talented employees ensure you do proper research on the best available employee compensation packages as this will affect your business.
What are some of the differences to take note of when expanding from Hong Kong into Singapore?
There are differences in employee compensation, minimum wage, holidays, and notice periods. While Hong Kong has a mandatory contribution of 5% to the provident fund by each employee, in Singapore there is [...]