Wednesday, July 29, 2015

Government really pro small businesses?

The Singapore government has always highlighted that they are pro small businesses, helping SMEs but is that really felt on the ground? The key issue for small businesses is always about cash flow, where you may get lots of deals but unable to get any cash because of the constant changes in requirements or because of outside competition from other countries who are not affected by the manpower quota and can charge much cheaper than Singapore based countries. 

In the United States, very often quoted as a hub of innovation, has bills that allow banks to make loans to qualifying small businesses, and the agency in-charge guarantees them, allowing lower interest rates and companies with short credit histories to obtain capital.

That is something that is missing over here. Is it because we have policy makers who have no idea the issues that the SMEs really feel on the ground?

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