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How do I source for finance for the business

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Hi John, There are few ways to do this. However for all options below, you will have to first start by creating a very well researched and thought-out business plan. There are many different free business plan templates you can find online. From there you could do the following: 1. Ask friends and family to invest in your business. Set it up as a loan if necessary. 2. Get a loan from a bank if you have any equity or creditline. 3. Pitch your idea to a venture capital firm. They look to invest in startup companies that have strong probability of success (hence your well researched business plan really matters) 4. Grow organically. Start-small and reinvest a percentage of your revenue back into the business.

I hope this helps. Let me know if you have any questions. Happy to chat further. Great luck!

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Getting partners is a way but it's difficult. You can look into applying grants and tax exemption as a form of financial assitance.

In countries such as Singapore, there are many grants for start ups such as Enterprise Development Grant, Market Readiness Assistance (MRA) Grant, etc.

And also, there is 75% exemption on the first $100,000 of normal chargeable income and a further 50% exemption on the next $100,000.

Got the info here https://www.paulhypepage.com/what-are-all-government-grants-available-to-businesses-in-singapore/

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