atomi x consultancy | creating a business that lasts and is profitable

In the wake of the pandemic, war and inflation, Singapore's retail industry is in a bubble era. And luxury car and watch brands, among many other distributors, parallel importers and online resellers, live in an environment with more uncertainty in the already saturated tiny red dot.

Now is the time for the retailers to conduct a business process re-engineering, along with a massive shift in the business model to ensure the next few years will be profitable, should they want to survive in the already cut-throat evening.

Seeing certain brands start to venture overseas and expand rapidly locally, I begin to feel the bubbly situation booming in Singapore. Seldom do I know the Government and the Private Sector have many successful partnerships regarding luxury retail, commercial activities or profit organizations. While they start to take on large buildings, and floor spaces on the main streets, I can't hear but fear that this is the beginning of an end.

The crowding-out effects by Singapore-linked Companies, be it Government or Temasek, are very real. Many cannot survive beyond the start-up phases, as they don't have the cash to last through the burn until the music stops. And unlike other countries, we do not have a vast hinterland to support massive expansion in the tiny red dot. It was not too far away when we had lobby groups petitioning for rental cuts. Unfortunately, some of the folks have extremely short-term memories.

New ventures must be highly disciplined and spend much attention on their P&L, Balance Sheets and Cash flow because they spend heavily on infrastructure, customer acquisitions and wages too fast, too furious. Several unicorns and crypto boutiques have grabbed headlines recently as they retrenched, fired and let go hundreds, if not thousands of workers. Often, they have not turned in a day of profitability yet.

These are some of the headlines in the newspapers, although we hear some politicians in Singapore chumming in differently. One man's meat is another's poison. There is no absolute in this world and there are people whose paychecks are paid out regularly every month while others live from hand to mouth.

Realities Bite >> https://www.straitstimes.com/business/companies-markets/more-business-closures-in-first-half-of-2022-compared-with-last-year-fewer-new-firms-opening

Hope Floats >> https://www.straitstimes.com/singapore/politics/spore-does-not-expect-recession-or-stagflation-next-year-but-significant-risks-remain-alvin-tan

atomi consultancy was established in 2009, specializing in retail, education and technology. With our unique background and hands-on experience in consumers, technology, government and education industry, atomi has been able to achieve strong showing with over 20 years of consulting experience.

Under our consultancy arm, we offer strategic solutions from market entry to unchartered waters. Through identifying niche markets, pivotal growth, and innovative solutions, we provide you, our clients with customized services in achieving sustainable business development?tailored to your firm's size and needs. We work on the ground daily, travel extensively and research constantly to discover the latest trends, analyze future needs and study the applications of the creative innovations. Experience, passion, and commitment are often necessary to navigate the business out of stormy conditions.

A complete portfolio is available upon request. But we must first discuss and define the type of consultancy to improve your businesses. Let's take the first step in engaging in the dialogue for change and improvement. We believe in creating a dynamic and engaging team led by a consultant-entrepreneur and the business owner. Supported by their core in-hause team, we can create the synergy to make magic happen!

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