Business With Grant: 6 Things to Know About Hawker Stall Industry in Singapore - PowerPoint PPT Presentation

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Business With Grant: 6 Things to Know About Hawker Stall Industry in Singapore

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With the growing number of new hawker centres in Singapore, there will surely a new generation of hawkers that will emerge and fill the demand because of the rising opportunities around the country. If you are one of these people who's looking for potential hawker stall in the market, this article is for you, read the provided advice below before you start this kind of business venture. – PowerPoint PPT presentation

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Title: Business With Grant: 6 Things to Know About Hawker Stall Industry in Singapore


1
Business With Grant 6 Things to Know About
Hawker Stall Industry in Singapore
2
With the growing number of new hawker centres in
Singapore, there will surely a new generation of
hawkers that will emerge and fill the demand
because of the rising opportunities around the
country.
If you are one of these people who's looking for
potential hawker stall in the market, this
article is for you, read the provided advice
below before you start this kind of business
venture.
3
Be aware of the following information before you
start your own hawker stall business in
Singapore

1. Announcement about new hawker stall tenders is
made with the use of website and media

Visit the local mainstream media if you want to
know more information about the new
establishments for a social enterprise run hawker
centres.
4
As for the government-owned
  • the general public receives notification in the
    middle of each month about the monthly tender
    exercise. However, for this option, only
    permanent residents or Singaporeans 21 years old
    and above are allowed to participate.
  • hawker stalls,

5
2. Optimise the use of
schemes and grants
to reduce your expenses
  • There's a diverse full range of entrepreneurial
    grants (like SME grant) available in this
    country.
  • A lot of people are utilising the government
    grant for SME in order to reduce the business
    operating cost while boosting productivity.

6
In Singapore,
a lot of private schemes and government agencies
can offer this extra help that hawkers need
including those that provide free consultation
that help the owners of the stall to review
grants or RD fund, and on filling up and
submitting application forms.
7
3. In this country, not all hawker centres are
government-owned or managed

In this country, more than 100 hawker centres are
under the management of the National Environment
Agency (NEA), the agency that is responsible for
licensing, tenancies, and public health aspect of
market stalls and cooked food. Some of the
centres are owned by the Housing Development
Board (HDB).
8
4. Hawker stalls candidates are not just selected
based on price
  • Some of the jury based their judgement or
    evaluation according to the following rating of
    scorecard 60 percent for quality, selling price,
    variety, concept and experience, whereas 40
    percent for the tendered rent.
  • Shortlisted participants will also be required to
    join the food tasting activity.

9
  • 5. A quota on the type of stalls is set per
    hawker centre
  • No matter how big the demand for chicken rice is,
    a centre cannot have 20 stalls that offer the
    same product. In Singapore, each hawker centre
    must follow the quota for different types of
    stalls such as Indian, Halal, non-Halal, cut
    fruits, drinks, etc.

10

There are also some other open categories that
can permit other food stalls not indicated within
the designated limit.

11
6. To attract customers, price are cap
  • In this country, a "not-for-profit" business
    model is usually practised wherein prices are
    kept low.
  • In this model, the operating surplus generated by
    a hawker centre is required to be distributed
    among its stakeholders and be used for "social
    benefit" purposes and not on the management
    companys shareholders.
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