Your toolkit for starting a new business

The process of starting your own business can be both exciting and daunting. So we help break it down into the key steps and give you the tools and resources you need to get your new business up and running.

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Ideas and research

Starting your own business? Here’s what you need to know about the best business ideas and where to start.

woman sitting at a desk thinking about business ideas

Find the right business ideas

Delve into what makes a good small business idea, from brainstorming, to testing, to completing a viability checklist. 

Test your idea
man pushing a trolley of baked goods baked in his bakery business

How to start a business

Starting your own business isn’t one big decision. It’s hundreds of small decisions. And if you want to succeed, you need to move through them systematically. 

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Business Registration

After making the exciting decision to become a business owner, now's the time to officially name and legally register your new business and potentially apply for other licenses and permits.

More on registration

Finding and selling to customers

The next crucial step is promoting your business and starting to sell your goods and services.

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Manage your inventory

If your business has inventory you’ll need to understand the types of inventory, what inventory management is and how to account for it.

Download guide
tax invoice

Invoice templates

It’s easy to write an invoice with our downloadable template or learn the ins and outs of getting paid with the comprehensive Invoicing Survival Guide.

Use invoice template
woman on a laptop building a website

Create a website

Your website is an online version of your storefront. Get the basics on how to create a business website, what to put on it, and how to turn it into a moneymaker.

Website 101

Getting paid and paying others

So you’ve sold your product or service, now how do you make sure you get paid so you can pay your bills?

man sitting at a desk using a payslip to manage staff pay

Payslip templates

Create a payslip for your employees in no time with our easy-to-use template. Make payroll time a little easier on yourself.

Use payslip template
overdue invoices displayed on a monitor

Chase late payments

Xero research shows that only 39.45% of payments to Singapore SMEs are paid on time. See how payment terms affect when your invoice will be paid, and don’t be afraid to send payment reminders for outstanding invoices.

How to get paid
hand holding a phone displaying "pay now"

Pay yourself

You started your own business to do something you love and make money. But how much should you pay yourself? Too little and you may struggle to survive. Too much and your business might be at risk.

Find the balance

Business accounting 101

Got sales coming in the door? Congratulations! Here are resources to help you do basic accounting for your small business and track performance.

hand holding a phone doing mobile accounting

Accounting glossary

You’ve probably heard people mention bank reconciliation and net profit margins - find out what it means and other key accounting terms.

Read the glossary

Singapore GST guide

Owning a business means you need to know what GST is, when and how to register for GST and when to lodge GST F5 return.

Read GST guide
clipboard displaying financial reports

Create financial reports

Download templates for the two most important reports to have when running your business - the balance sheet and the profit & loss statement.

Download now

Get funding under the Digital Resilience Bonus with Xero

The Digital Resilience Bonus is a financial grant by the IMDA that encourages food services and retail businesses to use e-payments and digital solutions - including Xero - for running their business in the new environment today. Find out how you can get funding under the Bonus with Xero.

Learn more

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