One week in this entrepreneur company and I have the gist of doing a successful business. And I'll even share it here so that people will not be dominating the lucrative industry.
Actually, it doesn't take a genius to know this, but still, people may not thought of this before. First, charge your clients an exorbitant rate, say S$25,000 for a 3 day training programme. On the other hand, pay your staff the minimum wage rate, say S$440 for a month.
Thank you, Captain Obvious, for pointing out the huge difference in standards.
I've another tip for scoring in the area of cheap labour. Tie up with schools and keep looking for part-timers. Who needs full-time workers when you have part-timers aplenty? Interns will be gone after 3 months, no problem, there will always be another school sending their interns in.
To do a simple calculation, there will only need to be 4 schools sending in two interns per 3 months for them to achieve that success in monetary terms. And you have no idea how much they freaking earn!
Now you know. Go out there, start a business with minimum staff and maximum output and you can get rich, just like that.
And this is sarcasm, in case you wonder.
