Is it a good idea to start a home baking business in Singapore?
I thought of updating this post after reading an article on The Strait Times.
The title of the article was “Home-based businesses an important source of income for many families: President Halimah“.
In the article, it was stated:
Home-based businesses are an important source of income for many families, especially when the coronavirus pandemic has cut into household income, said President Halimah Yacob in a Facebook post on Friday (May 1).
If you want to start a home baking business, what are the requirements?
Do you need a license to start a baking enterprise at home in Singapore?
So what I did was head over to Google to do some research online.
A lot of the answers to my legal related questions were found on Singapore Legal Advice website.
In terms of licensing, it seems you do not need a license to start a home baking business.
Some of the guidelines in the home-based small scale business scheme are:
1) You cannot register your HDB flat address as your business address
2) Be considerate to your neighbours
3) No recruiting of employees outside of your household
4) No loading/unloading of goods via vans or trucks
5) No putting up of signboards or paid ads
6) No selling of food at stalls
As a person that runs my own home-based online business, the requirements above (other than number 2) have answered by initial question in the article.
No, it is not a good idea to start a home baking business in Singapore.
If you were to fulfill the requirements above, the potential for your baking business will be very limited and small.
I doubt you will be able to generate sufficient income to worth your time and effort.
Is there a better alternative to a home based baking business in Singapore?
Yes, there is.
It is the new and growing Wearable Technology field in Singapore.
Above is a picture of the award winning far infrared ray (FIR) emitting athleisure garment.
The company that I am partnered with is one of fastest growing MLM company in Singapore.
The company also has a Blue Ocean product (a unique wearable technology) which has generated more than S$300 MILLION in sales in the first 3 years in the market.
If you want to know more about Wearable Technology athleisure garment business in Singapore, just send a WhatsApp message to my number below and I’ll share more with you.
If you are still reading this article, probably you will be asking, “How do I find customers for my home based business?”
“If I were to sell the FIR athleisure garment in Singapore, how do I generate leads for my business?
When I first got started with my home based business, I had the same questions in my mind.
What was my solution?
I had to think differently!
Please allow me to explain.
Did you know the cute and adorable hummingbirds will fight to the death?
To be honest, this is something new that I’ve learnt recently.
Check out the YouTube below of fighting hummingbirds
What do fierce fighting hummingbirds have to do with building a home based business?
It’s all about knowing your own strength and weaknesses and looking for ways to overcome your weaknesses.
Coming back to hummingbirds, there are drawbacks to being the smallest bird species, weighing less than 5 grams.
Hummingbird nests, which house their pea-sized eggs, are highly vulnerable to predators such as blue jays, crows, snakes etc.
To counter these threats, hummingbirds have developed a unique adaptation…they nest beneath hawk perches.
It works like this…
Hawks hunt and kill hummingbirds’ predators, not on hummingbirds or their nests.
In fact, a recently study found that nesting beneath a hawk’s “hunting ground” improves the survival rate of hummingbird babies from a mere 6%, to a much more impressive 53%.
Very clever little bird!
This sneaky strategy turns a weakness into a strength and it shows the power of adapting to one’s nature.
My business-building philosophy is similar.
My personality isn’t suited to hustling and grinding every spare moment.
I’d rather ENJOY my time with my family than chasing after “unqualified prospects”.
After all…isn’t that what having a “lifestyle” business is all about?
So what’s my solution?
Its by ATTRACTING high-quality people who actually want to hear more about my business.
If you want to know more about my Attraction Marketing strategy, just send a WhatsApp message to my number below and I’ll share more with you.