New players in the F&B Industry In recent years, more F&B outlets are sprouting in Singapore. According to the Accounting and Corporate Regulatory Authority, 359 restaurants were set up in the first half of this year. At the same time, more than 200 have ceased operations in the same period. With such a high turnover rate, why do novice entrepreneurs venture into this industry? Money Week visited 3 restaurant owners without prior F&B experiences when they made their first foray into the business and found out the challenges they encountered initially and how they overcame them. Financial Planning 101: Let the Numbers Speak Up! In deciding to subscribe to an IPO stock, investors have to plough through the thick prospectus the IPO company issues which often contains many information, numbers and charts. Among them, three financial statements are must read for investors; namely the balance sheet, income statement and cash flow statement. However, these statements alone may not give the full picture of the company’s operations and prospects. Investors may be able to make better decisions by using the data in these statements to calculate financial ratios. What are these financial ratios? How are they calculated?