Running a business is always a gamble. You never know if your business idea will fly or fall flat until you give it a shot.
The risk is pretty much inevitable, but you can avoid failing altogether when you look at the trends of what have worked, or what didn’t.
Here’s a list of some business ideas that have proven unsuccessful in Singapore, so you can save yourself from failing as well.
1. On-demand Laundry Services Image Credit: honestbeeThe downward spiral of homegrown startup honestbee began with the pause of its laundry service in Singapore. While their failure stems more than just their laundry business, it gives an idea of which of its services is not feasible.
Beyond honestbee, there are plenty of other on-demand laundry services in Singapore such as 24/7 laundry lockers WashBox24 and MyLockerLaundry.
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