Start-Up, Not Shut Down: Selecting The Right IT Solutions For Your New Business
Home to 4,500 start-ups and growing , Singapore has quickly established itself as the region’s de facto headquarters for entrepreneurship. Despite the island nation’s modest size and population, Singapore’s beneficial economic policies and strategic location have made it the perfect environment for businesses making their first foray into the marketplace.
In industries such as technology, one factor that makes Singapore so popular with start-ups is the nation’s IT ecosystem. With 21 of ASEAN’s 30 top tech start-ups based in Singapore , it’s evident how new businesses benefit from the plethora of IT solutions available within a resilient network infrastructure.
If you’re a start-up looking to take advantage of IT solutions in Singapore but don’t know where to start, this article outlines the crucial factors to keep in mind when choosing between service providers.
Is It Cost-Efficient?
For start-ups, every single cent constitutes a matter of survival. A majority of start-ups frequently rely on seed funding to stay in business, channelling the bulk of their cash flow into research and development, hiring, and delivering proof of concepts to hit critical mass. In practical terms, this means that start-ups are only afforded a limited runway and fiscal flexibility for big-ticket purchases.
To circumvent this, a significant amount of start-ups are turning to outsourced IT solutions to lower their total cost of ownership . By transforming capital expense into operational expense, start-ups can buy more time with lower upfront costs and concentrate on what matters most. In return, they gain access to a wide pool of ICT skill sets and talents, with established partners committed to their growth and success.
Opt for cost-effective solutions such as MyRepublic’s Managed IT , that offer comprehensive third-party support at predictable and affordable costs. Whether it’s endpoint management or remote helpdesk support, MyRepublic is a reliable solution provider, trusted by businesses across Singapore.
Can It Help Accommodate Growth?
In a fast-paced start-up environment, growth is the number one driving force towards achieving profitability. Imagine buying two dozen work devices every week to accommodate your teams, paired with the uncertainty that your business will stick around for the next two months. It’s a lose-lose situation, one that entrepreneurs no longer have to worry about if they consider outsourcing IT solutions.
Once a start-up has stabilised and gotten its bearings, the inevitable next step forward is expanding its teams and offices. This is why the flexibility to scale is one of the most important factors for any start-up to consider when engaging external support and service providers.
MyRepublic Device as a Service offers start-ups the agility and flexibility to adapt to the ever-changing requirements and needs of start-ups. This enables your teams to hit the ground running from day one, with access to enterprise-grade laptops at predictable monthly costs.
Are They Experts In Their Field?
Across various markets and industries, the demands of a start-up will vary drastically. In the case of tech start-ups that require high-speed internet and network management , their ideal service provider would specialise in answering these requirements while offering unparalleled support in the event of an outage.
Likewise, digital banking start-ups might worry more about protecting sensitive information and adhering to global standards for cybersecurity. They might consider engaging a partner that can equip them with ISO 27001-certified consulting and auditing services .
Thus, it is vital to highlight the type of industry-relevant experience you require and closely examine the portfolio of each potential service provider. Ideally, these partners would have clients in similar industries and the experience to understand the pain points and nuanced challenges your start-up might face.
The journey of a start-up is one filled with challenges, reach out to MyRepublic Business today and find out how we can help facilitate your journey towards success.
