Singapore business story #2

There have been quite dramatic changes during these two days since I decided to start this business again two days ago. Along with every passionate moment that I am putting all my efforts, I could clearly see what can possibly be obstacles and how to deal with them in order to successfully ‘launch’ this service in Singapore. Even if all these processes of investing my time and money and sacrificing an opportunity cost of studying in school instead (yes, these days I kept being absent from lectures) will not lead to bling-bling success of business, I started to feel these days would definitely be worth in the future. Nothing more than these days has made me so fascinated to spending my time for ‘making something’.

However, still, I can see many barriers that I will eventually face as I move forward this plan. Let me disclose what I did for these two days below, but now I want to re-organize the reality in front of me. I want to write down, not just thinking, about what I have been thinking of as priorities for every task and for problems. Although launching service is not an urgent issue, it is still the most important homework which requires me to keep coming up with a new idea every day. First one is basically about inventory management; from how and through which channel to procure ingredients and sauces which are essential for Korean foods to where to store them. Also, a legal issue regarding doing a business for a part of food industry may be emerging as a license requirement. S

Second problem is associated with a delivery channel. Singapore is definitely a good option for running a business based on utilizing existing delivery channels: they are especially varied for food delivery, which in turn, it shows great efficiency in delivery processes as compared to other countries. Don’t even need to mention about huge countries like United States of America, even in South Korea delivery system is very common and seems super efficient, but still the country is quite big which makes delivery services are difficult to be integrated. However, in Singapore, delivery companies are providing not only smartphone apps to delivery itself, whereas in Korea we refer ‘delivery app’ as just an application enabling us to choose the menu, then each restaurant uses its own delivery channel or small delivery companies. Foodpanda, Deliveroo, and Grabfood… they seem to be an extremely perfect delivery option, but still have some problems – Which are mainly about the fact that I need several branches in this small Singapore since it is obvious those companies cannot deliver from west side (my home) to far east side.

Third problem is honestly not that urgent. It is about a packaging issue. Dealing with any kinds of foods, anyone including who makes the food and who consumes it would be so sensitive for packaging. But, anyway it seems it can be negligible now as there are so much urgent issues.

So, I just did briefly wrapping up what I have been thinking of problems. As for these two, no three days I have spent, I cannot talk without mentioning I have literally skipped a lecture for three times. I started to work on official website for business and bought cooking gadgets in IKEA (maybe excessively..). I also took one video of making Korean foods which was supposed to be used as a practice. I should definitely focus on YouTube and website before I launch the service.


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