Smart Pricing & Costing Strategies for Business Growth Programme

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FAQ

1. What is this program about?

This program helps businesses optimize their pricing, manage costs effectively, and develop competitive marketing strategies to increase profits and attract more customers.

2. Who can join this program?

The program is exclusively for businesses operating in HDB shops or HDB-owned shopping complexes. Participants must:

  • Assign a representative with basic financial knowledge and Excel skills.
  • Commit to attending workshops and consultancy sessions.
3. What will I gain from this program?

Participants will receive:

  • Practical tools like Cost of Goods Sold calculators, competitor analysis templates, and customer assessment guides.
  • Hands-on training in pricing, costing, and marketing strategies.
  • Personalized 1-to-1 mentorship tailored to their business needs.
  • Increased profits, better customer engagement, and improved market competitiveness.
4. What is the structure of the program?

The program includes:

  • A 4-hour group workshop on pricing, costing, and competitive analysis (April).
  • Three personalized 1-to-1 consultancy sessions (April–September) tailored to your schedule.
5. How much does the program cost?

It’s free to join! A refundable deposit is required to confirm your participation and will be returned upon successful completion of the program.

6. How do I apply?

Simply fill out the registration form. HECS will review and select 8 businesses for this exclusive opportunity.

7. How will HECS support me?

HECS will provide:

  • Dedicated business advisors to guide you through the program.
  • 1 to 1 consultation with Republic Polytechnic’s lecturer to fine-tune your pricing, costing, and marketing strategies.
8. Will my business information remain confidential?

Yes, all information shared during the program will be kept strictly confidential.

9. What do I need to commit to?

Participants must:

  • Attend the 4-hour workshop.
  • Participate in 3 consultancy sessions and complete assigned tasks.
  • Have a laptop with Excel or Google Sheets access.
10. What happens if I can’t attend a session?

Please inform us in advance. We will work with you to reschedule the consultancy sessions, but full commitment is expected for the best results.

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