the SG Government seems to have about a thousand different Grants to help small enterprises.
What is the Success rate of such ?
Somehow, it appears that most of these Grants go to the "Consultants" as Training Fees, yes / no ?
Some tricks used seems to be,
1. Over-Optismistic Business Plans
2. over-inflation of Projected Revenue (..if these targets are not achieved, how ? any Punishments ?)
3. Over-Declare Price of Equipment (..hidden kick-backs ?)
4. Paying Salaries to Phantom Employees
5. Paying High Salaries (Govt supports and part-compensates these figures..), and quietly asking Employee to Cash-back to Employer ?
6. .. please add.
Are there anyone who are aware of any Truly successful SME - as a result of such Grants ?
The SkillsFuture Courses, Schemes seems to also be Questionable ?
Do share tips, tricks
What is the Success rate of such ?
Somehow, it appears that most of these Grants go to the "Consultants" as Training Fees, yes / no ?
Some tricks used seems to be,
1. Over-Optismistic Business Plans
2. over-inflation of Projected Revenue (..if these targets are not achieved, how ? any Punishments ?)
3. Over-Declare Price of Equipment (..hidden kick-backs ?)
4. Paying Salaries to Phantom Employees
5. Paying High Salaries (Govt supports and part-compensates these figures..), and quietly asking Employee to Cash-back to Employer ?
6. .. please add.
Are there anyone who are aware of any Truly successful SME - as a result of such Grants ?
The SkillsFuture Courses, Schemes seems to also be Questionable ?
Do share tips, tricks
