Promenade Training Grant For Company

Find grants, funding and support programs from across government to help your business grow and succeed. When searching for funding in Promenade Singapore, keep in mind that you’ll generally need to meet certain criteria to be eligible, and that aside from funding assistance, many programs can help your business by building your skills and knowledge.

In addition, the job search process can be mentally and emotionally challenging, not to mention the financial opportunity costs of not working in Promenade is usually high.

Common scenarios include fresh graduates looking for their first full-time job; mature workers hoping to start a new phase of their career; or those who got retrenched and wish to find employment.

Unlike in the past, where people work for the same employer for the entire duration of their working lives, the working adults of today will find themselves in the market for a job much more often.

Critical Entrepreneurial Skills

Introduction

About Malawi
The Republic of Malawi is a landlocked country in southeast Africa. It is separated from Tanzania and Mozambique by Lake Malawi. Malawi has eleven ethnic groups; the official languages are English and Chichewa, with other regional dialects spoken. Malawi is currently ranked 164 out of 177 on the Human Development Index, is a low-income, food-deficient and least developed country with the majority of its population of 12 million living below the poverty line. Poverty is both widespread and severe with a national poverty rate of 52 percent varying across regions. Over 86 percent of the people live in rural areas with low access to basic health and education services.

Malawi has been hit hard by the AIDS pandemic. Close to one million people in Malawi are currently living with HIV and AIDS, including 91,000 children under fourteen; half a million children have lost one or both parents to AIDS. Chronic food shortages, coupled with the longer-term burden of HIV and AIDS, has placed millions of Malawi's people in need of urgent aid. Sources: World Vision; The World Food Programme A recent article in the Harvard Business Review (June 2010) identified eight stimuli to move 'the needle' of entrepreneurship in the right direction. See 'How to start an Entrepreneurial Revolution' by Daniel J. Isenberg. Rwanda, Chile, Israel, Iceland and Ireland are cited as examples of developing practice.

The impact of the various factors is significantly influenced by the stage of economic development of the country, the level of accessibility to key enablers such as finance and cultural norms regarding entrepreneurship and wealth creation. For example, the UK may be considered to be fairly mature in this respect - if still not particularly well focused or 'joined up', Malawi, in contrast, is essentially a cash based, rain dependent agrarian economy. For the purposes of this article the eight factors have been additionally (and subjectively) categorised using a notional 'time to develop'.

Short Term (say 6-12 Months - capable of immediate action)
1. Engaging the private sector

* In the UK, there appears to be no shortage of willingness to become engaged:

* Many large companies are now working with SME's, for example, as part of their R & D value chain.

* Some supermarkets will engage with small scale suppliers and have a local sourcing policy. There is some evidence of this in Malawi although supply side co-operatives and bargaining power are not well established. In the UK, the supply chain would be much more transparent.

* Both in the UK and Malawi, mentoring is now an accepted form of knowledge and experience transfer. Good examples are the SEEDA Merlin Mentoring Scheme in the UK and, on a smaller scale, Business Consult Africa's programme in Blantyre.

* In Malawi, mentors and mentees appeared to be more reluctant to engage. In a briefing session with mentors, I encouraged them to take more responsibility for keeping the relationship alive. In the early stages of the relationship, this may well mean focusing on the emotional side of the relationship before introducing business tools and concepts.

* Business Angels have not been immune from the economic downturn but still contribute significantly in the UK. In Malawi, funding tends to come in a more informal way from friends and family.

However:

* Relationships between the Government in Malawi and the business community are still under developed.

* Banks continue to get a mixed press in terms of their willingness to support the SME market in both countries. This is particularly so in Malawi where only about 20% of the population have bank accounts, there is an acute shortage of working capital and a focus on a property 'anchor' to secure much of the business lending.

* Middlemen SME's often feel discriminated against when it comes to the terms of trade where suppliers demand upfront payment and buyers take longer credit periods and even then still settle late.

2. Encouraging and celebrating success

* As the saying goes - 'success breeds success' - so role models who illustrate what 'good looks like' are particularly valuable. They can have a catalytic effect at both a personal and business level. In the UK, personalities come in to play here such as Richard Branson and Sir Alan Sugar.

* A BBC television programme 'Dragon's Den' gets budding entrepreneurs pitching their ideas to a panel of self made men/women who may then invest their own money if they find the proposition attractive. This is a good way of developing an understanding of what good looks like as well as appreciating the levels of creativity and innovation.

* Culture plays an important part here - which we'll look at again later. This is not just in terms of attitudes to success but attitudes to failure as well. It may be trite but it's true - mistakes are learning experiences. As they say, if you're going to fail, then fail quickly.

* The President of Malawi talks about"dreaming in colour" to energise his people. But role models of strong self-made men/women are still rare.Most of the success (which is usually seen through wealth) is created through governmental positions and respective benefits. This creates a distorted picture of success and does not inspire entrepreneurs and small business owners to find innovative and new market solutions in order to gain and breed success.

3. Subjecting financing programmes to market disciplines

* The UK SEEDA mentoring programme, which I was involved in, was provided free and funded by a 1m European Social Fund grant. It involved 70 mentors and 270 companies over a three year span. It was probably 'forced' to chase volume as there were targets for the number of mentors and companies.

* In Malawi, the CBE (Capacity Building for Enterprise) project funded by the Scottish Malawi Business Group provides consultancy services to MSMEs (micro, small and medium sized enterprises). The project charges $150 per consultancy day which is upper tariff by their standards, 50% of this is recoverable - but in arrears - under a World Bank/Malawi Government scheme.

* This, of course seems counter intuitive. The need to kick start entrepreneurship is arguably stronger in Malawi yet they are subject to the more rigorous market approach. The constraint here would appear to be the principle of 'Sustainability' where NGO's and third party donor funds are involved

* In both cases, from my experiences, the businesses being supported were modest in scale and scope and likely to remain so for some time. Nonetheless, the financial support was more justified in Malawi.

* In a recent survey s in the UK by Skillfair, 85% of freelance consultants felt SME's should pay for advice although a free upfront meeting was seen as a legitimate part of the sales process.

Medium Term (say two/three years - requiring a change of strategy/policy/regulation etc.)

4. Being judicious in emphasizing clusters and incubators

* The article suggests that the success of Silicon Valley was based on a number of unique factors which are not necessarily capable of being replicated elsewhere. So, as a model it's not seen as particularly helpful although other countries have taken this route also - see, for example, 22 at Barcelona and the Design District, Helsinki.

* Blantyre has its own Trade Centre where a diverse range of businesses sit side by side. It wasn't uncommon in the country to see roadside stalls grouped by produce such as vegetables, mats, carpets and pottery. These were natural clusters but difficult to make sense of economically because of the concentrated over supply.

* The message here is that one size doesn't fit all. Isenberg in the HBR article talks about 'an ecosystem' and NESTA in the UK talks about 'mass localism'. In a sense these are evolutionary principles with a mixed 'tight/loose' approach (circa Peters & Waterman) which encourages organic, spontaneous and experimental rather than forced development.

* Despite the lack of incubators in Malawi, there is still a huge reliance on copying existing policies. Tax exemption for manufacturing companies (as seen in Mauritius), where the experience shows no lasting (sustainable) benefits from this incentive. Manufacturing companies do not invest much since they expect policies to change, and when it does they just move the production elsewhere.

* Villages are the crux of the Malawian community. Their role should be redesigned so that the undoubted strengths can be used to create a sustainable business or development model. This is partly reflected in the credo "1 village 1 product" that was introduced some years ago. but this concept has not been developed.

5. Removing regulatory barriers

* Both communities are quick to point out the unhelpful regulatory, fiscal, support and macro economic environments in which they operate with bureaucracy generating so much 'red tape'. Such is life; real entrepreneurs don't waste time on what they can't influence in the short term although this doesn't mean they don't lobby through the appropriate channels.

* In this respect, whilst the UK benefits from shared general interest groups such as the Chambers of Commerce and the Federation of Small Businesses, these are less well developed and therefore less influential in Malawi. Business Consult Africa was trying to set up just such a network,

* In Malawi, also, there are some other issues which can be discriminatory in terms of one business versus another. One is the application or rather lack of it in the tax collection process. In a workshop session which I facilitated, Malawi businessmen and women talked about how disadvantaged on price they were if they registered and were paying tax and competitors weren't,

* In addition, in certain parts of the bureaucracy there were 'gatekeepers' who had to be 'encouraged' to deliver what they were being paid to do anyway. The workshop participants labelled this as 'corruption' although I could not possibly say this!

* Some of the short term actions of the government - for example, legislation to curb the press, undoubtedly have an adverse affect on entrepreneurial behaviour which often relies on challenging the status quo.

Long Term (say 5/6 years - endemic, behavioural and problematic)

6. Passing conducive legislation

* In the same way that structure follows strategy, I believe that, in essence, legislation should be used to appropriately underpin a proven and successful operating 'ecosystem' if you will.

* Small business creation is essentially Darwinian - as in the survival of the fittest. Tampering with the system too soon creates artificiality unless there is demonstrable evidence for positive discrimination. Otherwise, this is not a place for legislators.

* Often the challenge is not just introducing conducive legislation - but getting it to 'stick' at an operational level. This may have an adverse effect if business people are targeting emerging market gaps which are not re-enforced by the authorities.

7. Approaching the entrepreneurship ecosystem as a whole

* Many of the pressures of everyday life for most of the stakeholders in this debate (owners, shareholders, politicians, legislators, ethnicity, customers and so on) mitigate against a systems based strategic view of what is happening now let alone defining what is good for the future. There is no steady state here; flexibility and adaptability should be the hallmarks.

* In Malawi, there are a number of 'richer' issues also:

* A view that it is unacceptable for external bodies to label Malawi a 'failed state' as a recent report did.

* The funding by China of a number of significant building programmes which are well publicised and allows them to present and propagate an alternative social and economic model.

* The 'soft' democratic state of Malawi and an understandable desire given the history of Africa in general for a workable consensus above conflict - see the debate on changing the national flag.

8. Modifying cultural norms Notes 1.This change has been categorised here based on the HBR article which suggests such change is 'generational i.e. ten years or so. 2. Malawi society allows for both business men and women.

* This table should not be considered as exhaustive but illustrative in terms of the barriers that need to be considered:

Issue Malawi UK Work Ethic

* Generally energetic

* Will often have two jobs to supplement income

* Women have bonding 'housekeeper' role particularly in rural areas

* Men generally believe there is a correlation between work, rewards and pleasure

* Men & women work

* City v rural not such a distinction

Family formation

* Average six children in rural areas & four in cities

* Singles rare and not accepted by society

* More career/income managed amongst professional classes

* High unmarried pregnancy rates

Infant mortality

* High say 30% under five because of the impact of malnutrition and malaria

* Western norms

Attitude to authority

* Generally compliant;

* Few avenues for dissent

* Giving orders and compliance are the norm

* Generally disinterested but pockets and channels for agitation

* Collaborative working well established

Business Support

* Low take up of subsidised funding e.g. BUGS (26% 6/2010 against target 60%)

* Money made available without necessarily embedding the knowledge

* Difficult to identify myriad of sources

* Well established networks and support agencies

Attitude to risk

* Followers rather than innovators

* Initial response typically 'yes' although this does not signal commitment

* Anesthetized by historical longevity of employment and prevalence of public sector e.g. UK and Saudi Arabia

Wealth Creation

* Should not be conspicuous

* May literally hide money in the ground

* Few overt role models

* Immature banking habit

* Hard due to large families that need to be provided for

* More through governmental initiatives & perks than entrepreneurship or business roles

* Materialistic

* Personality Brands e.g. Richard Branson

* But backlash to excesses e.g. bankers

Profit Motive

* Trader mentality focused on 'doing the deal' irrespective of economic fundamentals

* May be seduced by volume and attraction of new v existing customers

Symbols of Success

* Fat and apparently happy

* Cars are OK

* Housing

* Private schools for children

* Shopping in supermarkets

* Usually some form of conspicuous consumption such as cars/wives/

homes/holidays/media attention Entrepreneurship

* Usually runs in parallel to existing employment

* Few role models or heroes

* Strong regional focus (3)

* Still a minority of the working population

* Currently being squeezed by corporate downsizing and declining asset values of. houses and pensions

Scaling the Opportunity

* Little experience beyond sole trader

* May be just enjoying the lifestyle the business supports

* Franchising models available

Migration

* Little desire to permanently live abroad, most students return to their countries

* The world is a playground.

To support Singaporeans based in Promenade in these aspects, here are the government grants and resources that you can utilize. These programs are administered by Workforce Singapore, a statutory board under the Ministry of Manpower.

Factsheet on Workfare Training Support WTS Scheme

A service excellence seminar will give you the competitive advantage you need to survive in a tough business climate. In today’s customer-oriented business environment, people skills are critical for personal and organizational success.

Likewise, a customer service excellence seminar gives you the skills you need to communicate professionalism, gain respect, enhance customer relationships and secure an overall competitive advantage through customer service excellence.

How you handle your customers can directly affect your individual goals as well as your team’s and company’s performance.

Advanced Certificate in Training and Assessment ACTA

Capital Funding For A Small Business

Multi Channel Integration and EDI transactions have been increasing day-by-day and they would certainly tend to grow as long as the EDI industry undergoes constant improvement. The EDI-based transactions comply with the X12 standard, which in turn has several sub-standards supported by various industries that keep growing over time.

Amongst the various supported standards today, UCS (Uniform Communication Standard), VICS (Voluntary Inter-industry Commerce Standards), HIPAA (Health Insurance Portability and Accountability Act) are the pre-dominant ones.

As per the statistical analysis revenues of the EDI Software packages should increase at a steady rate of 5 percent rate during the period because of a number of reasons such as the big organizations boosting up deployment of SME solutions, and even the mid size range companies implementing the EDI operations with suppliers paving the way to more and more EDI transactions for Channel Integrations

Moreover the EDI usage grows in the health care industry is increasing, thanks to the Health Care Insurance Portability and Accountability Act (HIPAA) grant.

Consequently the larger organizations will retain the investments in their EDI operations, leading to more and more EDI transactions.

Coming to the EDI Services and support revenue, there shouldn't be any decrease in them either, as they would steadily grow at a 2 percent on account of reasons like growth in the EDI outsourcing services. Furthermore, with more mid size hubs and SMEs moving joining the internet revolution, the volume of EDI transactions also tend to go high.

In fact looking at the historical perspective, initially when e-Commerce started, the experts had the perception that it would bring the end of EDI, rather than supporting it. However in realistic terms they never thought about the mere fact that basically EDI is e-Commerce by far and large!

Over time this trend has been noticeable and slowly but surely the industrialists have realized that the EDI transactions are a part of the e-commerce, essentially supporting e-commerce rather than competing with it.

As a matter of fact, the EDI transactions aren't really growing in a particular sector, and right from health care down to mid size SMEs, they have been only increasing.

Who Should Attend ?

Thelearningtobefearless advocates that you belong to any of this you should consider attending such skill enhancement programs. Small business owners, customer service representatives, technical and support personnel, field service representatives, account managers, credit and billing specialists, as well as managers who want service excellence training.

How You Will Benefit ?

You would be able to deliver better, faster service, and increase customer satisfaction through a customer service excellence seminar. You will learn how to gain repeat business in Promenade Singapore.

In addition to all this you should often check the Government jobs portal that aims to provide Singaporeans and  Permanent Residents (PRs) with free job search service that matches them to jobs based on their relevant skills.

Sarimbun Training Course Allowance

Find grants, funding and support programs from across government to help your business grow and succeed. When searching for funding in Sarimbun Singapore, keep in mind that you’ll generally need to meet certain criteria to be eligible, and that aside from funding assistance, many programs can help your business by building your skills and knowledge.

In addition, the job search process can be mentally and emotionally challenging, not to mention the financial opportunity costs of not working in Sarimbun is usually high.

Common scenarios include fresh graduates looking for their first full-time job; mature workers hoping to start a new phase of their career; or those who got retrenched and wish to find employment.

Unlike in the past, where people work for the same employer for the entire duration of their working lives, the working adults of today will find themselves in the market for a job much more often.

EDI Market and Channel Integration

Introduction -

The lack of a healthcare specific, compliant, cost-effective approach to Enterprise Information Management (aka EIM) is the #1 reason integration, data quality, reporting and performance management initiatives fail in healthcare organizations. How can you build a house without plumbing? Conversely, the organizations that successfully deploy the same initiatives point to full Healthcare centric EIM as the Top reason they were successful (February, 2009 - AHA). The cost of EIM can be staggering - preventing many healthcare organizations from leveraging enterprise information when strategically planning for the entire system. If this is prohibitive for large and medium organizations, how are smaller organizations going to be able to leverage technology that can access vital information inside of their own company if cost prevents consideration?

The Basics -

What is Enterprise Information Management?

Enterprise Information Management means the organization has access to 100% of its data, the data can be exchanged between groups/applications/databases, information is verified and cleansed, and a master data management method is applied. Outliers to EIM are data warehouses, such as an EHR data warehouse, Business Intelligence and Performance Management. Here is a roadmap, in layman terminology, that healthcare organizations follow to determine their EIM requirements.

Fact #1: Every healthcare entity, agency, campus or non-profit knows what software it utilizes for its business operations. The applications may be in silos, not accessible by other groups or departments, sometimes within the team that is responsible for it. If information were needed from groups across the enterprise, it has to be requested, in business terminology, of the host group, who would then go to the source of information (the aforementioned software and/or database), retrieve what is needed and submit it to the requestor - hopefully, in a format the requestor can work with (i.e., excel for further analysis as opposed to a document or PDF).

Fact #2: Because business terminology can be different WITHIN an organization, there will be further "translating" required when incorporating information that is gathered from the different software packages. This can be a nightmare. The gathering of information, converting it into a different format, translating it into common business terminology and then preparing it for consumption is a lengthy, expensive process - which takes us to Fact #3.

Fact #3: Consumers of the gathered information (management, analysts, etc) have to change the type of information required - one-off report requests that are continuously revised so they can change their dimensional view (like rotating the rows of a Rubik's cube to only get one color grouped, then deciding instead of lining up red, they would really like green to be grouped first). In many cases, this will start the gathering process all over again because the original set of information is missing needed data. It also requires the attention of those that understand this information - typically a highly valued Subject Matter Expert from each silo - time-consuming and costly distractions that impact the requestor as well as the information owner's group.

Fact#4: While large organizations can cope with this costly method in order to gather enough information to make effective and strategic business decisions, the amount of time and money is a barrier for smaller or cash strapped institutions, freezing needed data in its silo.

Fact #5: If information were accessible (with security and access controls, preventing unauthorized and inappropriate access), time frames for analysis improve, results are timely, strategic planning is effective and costs in time and money are significantly reduced.

Integration (with cleansing the data, aka Data Quality) should not be a foreign concept to the mid and smaller organizations. Price has been the overriding factor that prevents these tiers from leveraging enterprise information. A "glass ceiling", solely based on being limited from technology because of price tag, bars the consideration of EIM. This is the fault of technology vendors. Business Intelligence, Performance Management and Data Integration providers have unknowingly created class warfare between the Large and SMB healthcare organizations. Data Integration is the biggest culprit in this situation. The cost of integration in the typical BI deployment is usually four times the cost of the BI portion. It is easy for the BI providers to tantalize their prospects with functionality and reasonable cost. But, when integration comes into play, reluctance on price introduces itself into the scenario. No action has become the norm at this point.

What are the Financial Implications for a Healthcare Organization by maintaining the status quo?

Fraud detection is the focal point for CMS in their EHR requirements of healthcare organizations, Let's take a deeper, more meaningful look at the impact of EHR. Integration, a prominent component of Enterprise Information Management in the New Approach, brings data from all silos of the organization, allowing a Data Quality component to verify and cleanse it. The next step would be to either send it back to its originating source in an accurate state and/or put it into a repository where it will be accessible to auditing (think CMS Sanctions Auditors), Business Intelligence solutions, and Electronic Health Records applications. With instantly accessible EHRs, hospitals and their outlying practices can verify patients with payors, retrieve medical histories for diagnosis and treatment decisions, and update/add patient related information. What impact to treatment does a review of a new patient's history have for both patient and practice? Here are some elements to consider:

1. Diagnosis and treatments that are based on previous patient dispositions - reducing recovery time, eliminating Medicare/Medicaid/Payor denials (based on their interpretation as to fault of the practitioner in original treatment or error incurring additional treatment).

2. Instant fraud detection of patients seeking treatment for the same malady across the practices within the organization. Prescription abuse and Medicare fraud saves money not only for the payors, but the healthcare organization as well.

3. The Association of Fraud Examiners states that 9% of a Hospital's revenue each year is actually lost to fraud.

One overlooked but common impact is in the cost of managing patient records. Thousands of file folders in storage with new instances being added each time a new patient enters into the system. Millions of pieces of paper capturing patient information, payer data, charts, billing statements, and various items such as photo copies of patient IDs, are all stored in those folders. The folders are then stored in vast filing cabinets - constantly being accessed by filing clerks, nurses, practitioners and assorted staff. Contents of the files being misplaced or filed incorrectly. Hundreds, if not thousands, of square feet being consumed for storage. The AHA projects that an enterprise leveraging Electronic Health Records will recover no less than 15,000 square feet of usable space. That space can be used for additional services, opening up new channels of revenue. The justification is easy: how much would it cost the hospital to build out 15,000 square feet for a new service? The average cost to build space utilized for Health Services is $65 per square foot, or $975,000 total. An EIM solution through the New Approach would be less than 20% of that. Not only has the EIM solution reduced dollars lost to fraud, lowered the days for payor encounters to be paid, increased cash on hand, but it will also open up new services for the patient community and revenue back to the healthcare organization.

Electronic data is costly in its own way. Bad aka "Dirty" data has enormous impact. Data can be corrupted by error in data entry, systems maintenance, database platform changes or upgrades, feeds or exchanges of data in an incompatible format, changes in front end applications and fraud, such as identity theft. The impact of bad data has a cause and effect relationship that is pervasive in the financial landscape:

1. Bad data can result in payor denials. Mismatched member identification, missing DRG codes, empty fields where data is expected are examples of immediate denials of claims. The delay lowers the amount of Cash on Hand as well as extends the cycle of submitted claim to remittance by at least 30 days.

2. Bad data masks fraud. A reversal of digits in a social security number, a claim filed as one person for the treatment of another family member, medical histories that do not reflect all diagnosis and treatments because the patient could not be identified. Fraud has the greatest impact on cost of delivering healthcare in the United States. Ultimately, the health system has to absorb this cost - reducing profitability and limiting growth.

3. Bad data results in non-compliance. CMS has already begun the architecture and deployment of Sanctions Data Exchanges. These exchanges are a network of data repositories that are used to connect to health healthcare system, retrieve CMS related data, and store it for auditing. The retrieval will only be limited to the patient encounters that show a potential for denial or fraud, so the repository will not be a store of all Medicare and Medicaid patient encounters. But, the exchange has to be able to read the data in its provider data source in order for CMS to apply certain conditions against the information it is reading. What happens when the information is incomplete or wrong? The healthcare system is held accountable for the encounters it cannot read. That means automatic and unrecoverable denials of claims PRIOR to an audit, regardless of claim legitimacy.

The Price Fix by Big Box Healthcare Technology Firms

Are the major healthcare software and technology vendors (Big Box) price gouging? Probably not. They are a victim of their own solution strategies. Through acquired and some organic growth (McKesson, Eclipsys, Cerner, etc), they find their EIM solutions lose their agnostic approach. This is bad...very bad for health systems of all sizes. With very few exceptions, the vast majority of healthcare organizations DO NOT BUY all applications and modules from a single stack player. How could they? Healthcare systems grow similarly - some organic, some through acquisition. When a hospital organization finds over the course of time, an application that is reliable, such as a billing system, there is tremendous reluctance to remove a proven solution that everyone knows how to use. Because the major technology providers in the healthcare space act as a "One Stop Shop", they spend most of their time working on integrating in their own product suite with little to no regard to other applications. Subsequently, they find themselves trapped: they have to position all products/modules to maintain the accessibility and integrity of their data. This is problematic for the hospital that is trying to solve one problem but then must purchase additional solutions to apply to areas that are not broken, just to be able to integrate information. That is like going to the hardware store for a screwdriver and coming back with a 112 piece tool set with a rolling, 4 foot cart built for NASCAR. You will probably never use 90+% of those tools and will no longer be able to park in your own garage because the new tool box takes up too much space!

IT resources - including people - must be utilized. In today's economy, leveraging internal IT staff to administer a solution post-deployment is a given. If those IT resources do not feel comfortable in supporting the integration plan, then status quo will be justified. This is the "anti" approach to providing solutions in the healthcare industry: the sales leaders from Big Box technology firms want their sales people in front of the business side of the organization and to stop selling to IT. While this is a common sense approach, the economy in 2010 mandates that IT has to at least validate their ability to administer new technology solutions. The prospect of long-term professional consulting engagements to follow post installation has been shrinking at the same rate as healthcare organizations profit margins.

Empowering the healthcare organization to utilize its existing IT staff to administer and develop with the new products is not part of the business plan when Big Box players market to the industry. It is the exact opposite - recurring revenue from lengthy, and sometimes permanent, professional services consulting engagements is part of the overall target. The initial price quote for a Big Box solution is scary enough, but the fact remains that it is still not representative of what the ongoing cost to maintain through consulting arrangements. This is a variable cost, which is difficult to predict, and drives finance managers and executives crazy.

Solving the Dilemma - A Better Solution through a New Approach at a Fraction of the Cost

When Healthcare Business Experts combine talents with Technology Architects, EIM Solutions cost drop dramatically. This is the New Approach to Healthcare EIM, providing the way health organizations will be able to provide successful solutions at significantly reduced costs - opening the door for health systems of all sizes.

The EIM Firm (using the New Approach) versus Big Box Healthcare Technology Providers:

Smaller, more agile firms bring many benefits to Healthcare Organizations of any size. The benefits:

1. They are focused on specific verticals - just like the Big Box Health Technology providers. Subject Matter Experts (SME) in the smaller firms typically are industry veterans with years of experience and success in their approach who see their resume as a service offering better utilized when they are able to apply their methods for successful strategy planning as opposed to learning the methods of a Big Box player. Their income is better since their revenue is applied into a smaller operating cost, extending lower pricing for solutions that are MORE EFFECTIVE and offering stronger client/vendor relationships as the SME limits themselves to a certain number of clients.

2. Solutions built on proven approaches and strategies. Again, the firm's SMEs are able to define a methodology that can be re-used or re-configured in each client instance. This saves time and money for the client as delivery is accelerated and the cost of architecting is eliminated.

3. The firms themselves develop solutions and methodologies agnostically. Their understanding of the diversity of systems that exist in the technology of a healthcare organization allows them to not only develop adaptable solutions but also add a Business Process Management Plan (BPM). The BPM will define for the organization EXACTLY how information is received, processed, cleansed, stored, shared and accessed. It also will define an action plan for training IT for administration and support as well as end users at all levels on how they will leverage it going forward. BPM planning in a healthcare organization is a low six figure investment with an outside consulting group. The EIM firms will include it in the cost of the solution. Basically, it is the difference in being told what is wrong and here are the recommendations to fix it versus here is what is wrong and this is how it will be fixed with the new solution.

What is a typical EIM Firm solution?

1. Solution Assessment, noting the current systems, data sources and methods of sharing information as well as business processes, key personnel identification that are gate keepers if information, timeliness of providing information and overall effectiveness in leveraging enterprise information for strategic business planning. See figures 1 for an example of the information process flow visual component of an actual assessment.

2. EIM solution that contains an integration engine that accesses all data sources - reading and writing back to the database or application, providing data quality services and maintaining HIPAA as well as HL7 requirements. See Figure 2 for a diagram.

3. EHR Data Warehouse. A repository to build Electronic Health Records through the integrated data flow.

4. EHR Portal for patient entry (when additional information needs to be added) via a browser.

5. Business Intelligence Dashboards for metrics, AD Hoc analysis and Performance Management Scorecards on organizational goals and objectives.

6. Onsite implementation and integration of the EIM solution.

7. Onsite training during installation for IT and end users. Ongoing training provided via webinars, documentation and technical support staff.

8. Relationships maintained by the Subject Matter Experts for the life of the solution.

9. Stimulus "HITECH" Act pays $44,000 per physician for an EHR solution implemented. The SME creates the grant request to be submitted so the healthcare organization receives Stimulus funds to pay for the total EIM solution

Key Element of the Solution

Onsite Delivery and full time support are key. But, the most important element is training. Why? As noted earlier, it is paramount that existing IT investments, namely personnel, be able to not only administer but also conduct development as the need arises. In Healthcare, CMS managed Medicare/Medicaid is already margins that are in the negative. As private payers follow suit, the number of uncollectable encounters will increase, impacting current profitability models and increasing future cost for treatment. By mitigating IT costs, the Total Cost of Ownership (TCO) qualifier should actually evolve to a Return on Investment (ROI). ROI is immediate for this solution approach, but it is sustained year over year by leveraging internal IT to support and develop. Now, the Healthcare Organization has eliminated costly professional service consulting engagements and re-investments into new feature licensing. This takes a variable cost every year and makes it a fixed, yet smaller amount - a sensible financial approach to accomplish a proven strategy.

Summary -

Why EIM? Whether it is Omnibus, "Obama"-care or an edit (not overhaul) of the Healthcare industry, Healthcare Organizations know these truths:

1. Electronic Health Records are necessary for the Fraud detection unit of CMS. Each organization must comply with accessibility, HIPAA and format. Fraud reduces overall revenues for a hospital by 9% (ACFE)

2. EHR/EHR have proven to be highly effective in eliminating internal waste, patient fraud, practice fraud and paper overhead. Vast amount of space within the facilities that had been used to store patient records in hard copy can now be utilized to provide additional services and open new revenue streams.

3. Bad or "dirty" data in electronic or hard copy format is costly. According to the AHA (September, 2008), the average cost of a patient record with good or accurate information is $343 annually. The annual cost of a patient record with bad information is $2,054 annually. On average, 18% of patient information within a healthcare organization is bad.

4. Strategies developed by healthcare organizations without 100% of the information they own that is also timely and relevant are ineffective. Objectives cannot be defined, successful processes cannot be identified and improvement plans have little to no metrics in which to determine success.

5. Stimulus/HITECH Act pays $44,000 per physician when EHR is part of the EIM solution. With the smaller EIM firms, Stimulus pays for the entire solution.

Why a New Approach EIM Firm?

1. Subject Matter Expertise from consultants that have proven methodologies.

2. Agility to adapt to the client need instead of the Big Box approach of the client adapting to their product limitations.

3. A Better Solution at a Fraction of the Cost. Their solutions are based on needs and not features.

4. Relationships with the vendor, resulting in improved services, maximum values from vendor solutions and a focused approach to the client needs and goals.

5. A Return on Investment as opposed to a Total Cost of Ownership. Clients need to see solutions that immediately pay for itself and then recover lost revenue while offering channels to new profit centers.

To support Singaporeans based in Sarimbun in these aspects, here are the government grants and resources that you can utilize. These programs are administered by Workforce Singapore, a statutory board under the Ministry of Manpower.

Social Media Marketing Training Courses 

A service excellence seminar will give you the competitive advantage you need to survive in a tough business climate. In today’s customer-oriented business environment, people skills are critical for personal and organizational success.

Likewise, a customer service excellence seminar gives you the skills you need to communicate professionalism, gain respect, enhance customer relationships and secure an overall competitive advantage through customer service excellence.

How you handle your customers can directly affect your individual goals as well as your team’s and company’s performance.

Singapore Government Training Subsidy

Various Skill Development Programs To Enhance Employability Of Youth

You may have a vision for a new real estate development project, a new business, or expansion of an existing real estate or business project. Perhaps you have already invested time and money in developing the preliminary concept, but prior to securing financing, partnerships and/or investment capital for your project it must be appropriately positioned and prepared.

The pre-development work that takes place at the initial stages of the project is critical for funding, and it has a direct influence on the timing and success of the project. You must be able to elaborate your concept and the details of your project in a concise and compelling manner, and demonstrate market demand, feasibility, financial realities, profitability and the circumstances surrounding the project professionally and comprehensively. Some entrepreneurs attempt to take on these tasks themselves, and they rely on their own expertise to document their concepts and to pursue financing, partnerships, and investment funding. Other entrepreneurs work with consulting firms or other organizations that provide additional expertise in these areas. Regardless of the approach, pre-development work is a necessary and critical part of the funding process for your project because it comprises much of what lenders, partners and investors will review when considering funding your project.

Seed capital (or start-up capital) is often a source or strategy for funding pre-development work. The amount of seed capital required depends on the project, but it is usually significantly less than the equity and financing amounts that will be sought after later to fund the entire project. Seed capital can be secured by an asset, or unsecured; and it is typically used to fund the following processes and services: Strategic development plan, and/or business plan; Design details (preliminary architectural and engineering); Financial pro forma analysis; Feasibility analysis; Capitalization plan; Market study; Multimedia presentations; Legal work; Site analysis; Site acquisition; Municipal approvals; Government incentives; Pre-marketing/sales; Accounting; Prototypes; Web page; And other professional services.

While all or some of the above services and processes may be necessary to obtain project funding because they help professionally convey the concept, benefits and details of your project effectively to prospective lenders, partners and investors; They can also be costly and can create a barrier in the development process if you cannot afford to pay for them. Seed capital funding can be a helpful strategy used to secure the required professional services and implement processes that bring life to the project and help position the project for funding.

Many companies that have been successful in raising seed capital in today's economy have implemented some or all of the following strategies:

1) Strategic development plan: Have a professional strategic development plan prepared for your project. Not just a business plan. A strategic development plan incorporates various components of the business plan, but also demonstrates the step-by-step processes and strategies that will be implemented to take the project through the development process to profitability, and provides a greater depth of financial and market analysis with validation documentation for the financial and statistical information provided. A professionally-written strategic development plan highlights the strategies, funding structures, incentives, tactical relationships, methodologies, and approaches of the project to effectively carry out the development process and create an advantage for the project in the marketplace.

Note: Many lenders, partners and investors may give greater merit to a strategic plan that is prepared and presented by a third-party consultant on behalf of the principal of the business, than a business plan that is prepared by the principal himself/herself; In the same way that a lender may give more merit to a market analysis prepared by a certified appraiser, than by the borrower.

2) Multimedia presentation: Prepare a concise and impressive multimedia presentation that will effectively convey the details of your project in a bullet-pointed and illustrative manner.

3) Compile a list of investors: Prepare a list of prospective seed capital investors, including their contact information. Consider the following possible sources for compiling your list of prospective seed capital investors:

* Engage a professional organization with expertise in this area to assist you in sourcing prospective seed capital investors.

* Work with chambers of commerce to identify businesses and individuals in the area that may be interested in your opportunity

* Online research. Spend time to find investment companies and individuals using the search engine of your choice (Google, Yahoo, Bing, etc.), and "weed-out" those that are least likely to invest in your type of opportunity, so that your list is as relevant as possible.

* Local business and social organizations.

* Attend business networking events, activities and conventions related to your market, product, services and industry.

* Engage a financial broker with expertise and a track-record of success in this area.

Note: Sourcing seed capital investors on your own takes time, dedication and devotion to the amount of research, networking and other activities involved. Rarely will a company find their seed capital investors after a few hours of searching online, or after making a few phone calls. It is a dedicated effort, thus a team approach is involving multiple parties is recommended.

4) Investment documentation: Structure the seed capital investment opportunity by creating the necessary documentation that will be provided to prospective investors, such as an investment proposal, investment agreement, prospectus document, subscription agreement, escrow agreement, etc. It is strongly suggested to proceed with the advice and guidance of an attorney to ensure that SEC regulations are not violated.

Note: Reducing the minimum investment amount required per investor and providing generous returns typically provides a larger availability of prospective investors for your project. Find the balance that is most suitable for you and your project.

5) Seed capital presentations/negotiations: Contact the list of prospective seed capital investors, and meet with them individually or arrange group presentation meetings to present and discuss the opportunity with them. Describe the terms in detail, and provide the investment documentation.

Note: It may be advantageous for the presentation and negotiations to be given by a third-party professional firm on behalf of the principal, with the principal present and participating in each presentation and negotiation meeting. Investors tend to feel greater assurance concerning the project and investment opportunity when they see that a professional firm is involved with the principal.

6) Funding. Once an agreement is reached, funding from seed capital investors can take place in a variety of forms. An effective strategy that provides additional assurance to investors involves creating an escrow account that is managed by the project attorney or a title company. In this case, the investor writes the check (or provides another form of payment) to the escrow holder, not directly to the principal. This helps to ensure that the funds will be used for the purposes specifically described in the investment agreement. This process involves creating an escrow account, escrow agreement and other formalities, but the effort an expense is often worthwhile to give investors the additional assurances that can help engage their interest in investing in your project.

This article is intended as a brief summary or overview for arranging a seed capital investment program for real estate and business development projects. It provides an outlook of viable approaches that have been used successfully to raise seed capital for a wide variety of projects. There are numerous additional strategies, methods and approaches can be incorporated, however, a basic understanding and the above insights and summarized strategies can be a good first step to help you develop a successful seed capital investment program.

Who Should Attend ?

Thelearningtobefearless advocates that you belong to any of this you should consider attending such skill enhancement programs. Small business owners, customer service representatives, technical and support personnel, field service representatives, account managers, credit and billing specialists, as well as managers who want service excellence training.

How You Will Benefit ?

You would be able to deliver better, faster service, and increase customer satisfaction through a customer service excellence seminar. You will learn how to gain repeat business in Sarimbun Singapore.

In addition to all this you should often check the Government jobs portal that aims to provide Singaporeans and  Permanent Residents (PRs) with free job search service that matches them to jobs based on their relevant skills.

Singapore West Claim Training Allowance

There are a number of government grants for companies in Singapore West to help them overcome obstacles in their growth. It is worth your while to go through a few of the business support grants provided by government for SME and Startups in West Singapore.

Top 6 Government Grants for companies:

1. Capability Development Grant (CDG)

It is a scheme for providing financial assistance to startups for building capabilities in ten business areas. Mostly in Singapore West it includes consultancy, cost of certification, cost of equipment, and training.

2. ACE startups

For the first-name entrepreneurs having an innovative idea, the scheme provides mentor-ship support and startup capital grant. The Accredited Mentor Partners (AMP) support the startups with advice, learning programs, and networking contacts.

3. Early-Stage Venture Funding (ESVF)

It is the biggest equity scheme by government which co-funds startups along with venture capital firms. Beneficiaries of this funding are early-stage technology startups. National Research Foundation (NRF) co-fubds startups with approved VCs.

4. Technology Enterprise Commercialization Scheme (TECS)

To help entrepreneurs realize their tech-based ideas into promising business, this scheme assists them in growing their business past the seed stage and then obtaining funding from third-party to achieve targeted revenues and growth.

5. Financial Sector Technology and Innovation (FSTI)

Aim of this startup grant is to enable financial institutions to establish their innovation labs in the country and support the development of industry-wide technology infrastructure and innovation solutions.

6. ComCare Enterprise Fund (CEF)

Instituted by Ministry of Social and Family development to provide funding to social entrepreneurs and aimed at seeding Social Enterprise startups.

Skills Partnership Training Grants

In Thelearningtobefearless Government knows the important role that it’s startups and SMEs play in its economy and hence support these entities with Government grants. As an entrepreneur, learner one of the ways in Singapore West is you must try to get funding on capability upgrading initiatives such as process improvement and product development.

Business Grants Portal brings government grants for businesses into one place, so it’s easier to find and apply for the grants you need.

Multi Channel Integration and EDI transactions have been increasing day-by-day and they would certainly tend to grow as long as the EDI industry undergoes constant improvement. The EDI-based transactions comply with the X12 standard, which in turn has several sub-standards supported by various industries that keep growing over time.

Amongst the various supported standards today, UCS (Uniform Communication Standard), VICS (Voluntary Inter-industry Commerce Standards), HIPAA (Health Insurance Portability and Accountability Act) are the pre-dominant ones.

As per the statistical analysis revenues of the EDI Software packages should increase at a steady rate of 5 percent rate during the period because of a number of reasons such as the big organizations boosting up deployment of SME solutions, and even the mid size range companies implementing the EDI operations with suppliers paving the way to more and more EDI transactions for Channel Integrations

Moreover the EDI usage grows in the health care industry is increasing, thanks to the Health Care Insurance Portability and Accountability Act (HIPAA) grant.

Consequently the larger organizations will retain the investments in their EDI operations, leading to more and more EDI transactions.

Coming to the EDI Services and support revenue, there shouldn't be any decrease in them either, as they would steadily grow at a 2 percent on account of reasons like growth in the EDI outsourcing services. Furthermore, with more mid size hubs and SMEs moving joining the internet revolution, the volume of EDI transactions also tend to go high.

In fact looking at the historical perspective, initially when e-Commerce started, the experts had the perception that it would bring the end of EDI, rather than supporting it. However in realistic terms they never thought about the mere fact that basically EDI is e-Commerce by far and large!

Over time this trend has been noticeable and slowly but surely the industrialists have realized that the EDI transactions are a part of the e-commerce, essentially supporting e-commerce rather than competing with it.

As a matter of fact, the EDI transactions aren't really growing in a particular sector, and right from health care down to mid size SMEs, they have been only increasing.

Soon Lee Skill For Grant Writing

Find grants, funding and support programs from across government to help your business grow and succeed. When searching for funding in Soon Lee Singapore, keep in mind that you’ll generally need to meet certain criteria to be eligible, and that aside from funding assistance, many programs can help your business by building your skills and knowledge.

In addition, the job search process can be mentally and emotionally challenging, not to mention the financial opportunity costs of not working in Soon Lee is usually high.

Common scenarios include fresh graduates looking for their first full-time job; mature workers hoping to start a new phase of their career; or those who got retrenched and wish to find employment.

Unlike in the past, where people work for the same employer for the entire duration of their working lives, the working adults of today will find themselves in the market for a job much more often.

Peer Review - Technical Writing

Companies of all sizes can benefit from a variety of local, state and federal funding assistance programs to improve their quality management systems and upgrade employee skills. This broad definition covers ISO, Six Sigma, Lean, change management, leadership and basic skills training. Some of these programs offer matching funds while others provide tax credits. A few even bestow outright grants. However, gaining access to - and understanding - these funding programs can be a daunting task. That is why it pays to select a management consulting firm that knows how to navigate these often bewildering waters.

A Multitude of Funding Programs are Available to U.S. Companies

Funding assistance programs are designed to cover everything from maintaining high employment in local areas, to helping American companies combat foreign competition. Some state programs are even designed to counter out-of-state challenges by domestic competitors. Most programs offer financial assistance to upgrade employee skills and operating efficiency through training.

Typical Qualifying Criteria for Funding Assistance

Although most funding assistance programs are aimed at domestic manufacturers, financial help is also available for other industries that are facing foreign competition.

It is recognized that ISO, Six Sigma, Lean Manufacturing, change management and leadership training are key elements in continuous improvement, and streamlining key business processes. Since these disciplines yield results that strengthen domestic businesses, they are favored by many funding assistance programs.

Situations that typically qualify for some form of funding assistance include:

  • When a business is being adversely affected by foreign or out-of-state competitors.

  • If a company experiences falling sales due to the onslaught of foreign competition.

  • If upgrading employee skills would demonstrably improve company performance or increase employee retention.

  • When ISO registration is required by customers or international markets

  • When employee training provides enhanced skill sets that are transferable, or lead to an industry-recognized credential or certification.

  • Creation of jobs, or preventing loss of jobs, due to a possible facility closing or changing technology.

  • Creation of jobs as a result of a company relocating, or expanding into a state, or starting a business in a state

  • If a company provides critical services or goods to the Department of Defense.
  • An extensive array of funding programs is available to most types of businesses and manufacturers in particular. Taking advantage of these can significantly reduce--or even cover the complete cost for a company--to provide quality management systems training for its employees.

    Examples of Nationwide Programs

    Manufacturing Extension Partnership (MEP)

    MEP is a nationwide network of not-for-profit centers in nearly 350 locations nationwide. Their sole purpose is to provide small and medium sized manufacturers with the services they need to succeed. The centers, serving all 50 States and Puerto Rico, are linked together through the Department of Commerce's National Institute of Standards and Technology. Centers are funded by federal, state, local and private resources to serve manufacturers.

    Trade Adjustment Assistance (TAA)

    Established by Congress in 1974, TAA is managed by business professionals who understand manufacturing. TAA focuses on providing financial assistance to import-impacted manufacturers. TAA offers 50/50 cost sharing of projects aimed at improving a manufacturer's competitive position. Specifically, these matching funds are applied toward the cost of consultants. Funds can be used for on- or off-site employee training. The eleven TAA centers throughout the country work with eligible firms in marketing, production, management and many other areas.

    Under certain circumstances, other federal agencies also provide funding for employee training and skills upgrading. The Environmental Protection Agency and Commerce Department are just two examples.

    Examples of State Programs

    Most states have funding programs for the purpose of improving competitiveness in a global economy and business retention. Here are a few examples:

    California Employment Training Panel (ETP)

    ETP is a California State agency that is designed to fund training which meets the needs of employers for skilled workers, and the need of workers for good, long-term jobs. The program supports the California economy, primarily by funding the retraining of incumbent, frontline workers in companies challenged by out-of-state competition.

    Illinois Employer Training Investment Program (ETIP)

    ETIP supports Illinois workers' efforts to upgrade their skills, in order to remain current in new technologies and business practices. This enables companies to remain competitive, expand into new markets and introduce more efficient technologies into their operations. ETIP grants may reimburse Illinois companies for up to 50 percent of the cost of training their employees.

    New York State Industrial Effectiveness Program (IEP)

    IEP is a grant available to small and medium-sized manufacturing firms and industry groups within New York state. This grant provides up to $50,000 for companies to obtain a wide variety of management consulting training support. Many organizations have accessed this funding for Lean Manufacturing and ISO quality systems training.

    New Jersey Customized Training Grant Program (CTGP)

    CTGP enhances the creation and retention of skilled jobs in New Jersey through comprehensive workforce training. The aim of the program is to upgrade skills, and enhance the knowledge and work-related abilities of New Jersey workers. It also focuses on improving the overall productivity, and economic well-being of employers. Today, over thirty-million dollars is available for Customized Training Grants.

    Local County and City Programs Abound Too!

    Many counties and cities offer incentives in the form of tax credits and other benefits to ensure that local companies remain financially healthy. Local governments support actions that create robust economies, and keep their tax base from moving elsewhere. Upgrading employee skills through ISO training, for example, enhances competitiveness and contributes to company growth--a saleable proposition to tap into many local funding programs.

    Acquiring Funding Assistance for ISO and Other Training Requires Expertise

    Each funding program has its own qualifying criteria and paperwork. The paperwork and processes involved are sometimes confusing and often intimidating. And packaging successful submissions often requires the assistance of an expert familiar with the targeted program.

    The typical steps in pursuing financial assistance are to:

  • Conduct a comprehensive training needs analysis. What problems or issues is the client experiencing?

  • Specify the proposed solution. Create a succinct definition of the proposed training curriculum or consulting assignment, and explain how this will close the identified performance gaps.

  • Identify an appropriate funding assistance program, and demonstrate how the proposed solution satisfies its criteria.

  • Complete and process the required paperwork in a timely fashion. Sometimes, it can take months and several iterations for a request to be approved.

  • Achieve notification of funding approval and the disbursement criteria.

  • Administer the approved funding according to the program's rules and procedures.
  • Actual levels of funding assistance depend on the program. For example, TAA will share up to fifty percent of the cost for services that improve a manufacturer's competitive position. TAA pays for half of the cost of these services, up to $150,000 in projects, with a maximum TAA share of $75,000. On the other hand, the California ETP program funds companies 100 percent of monies spent for qualified employee training. Also, New Jersey offers a $22,000 ISO grant (regardless of company size), and customized training grants of up to $1,000 per person trained.

    The main obstacle for companies seeking funding assistance is a lack of familiarity with funding programs and the qualifying criteria. Finding the right program--and then preparing a funding proposal in the proper format--takes expertise that is outside the mainstream of most companies. Administering approved funding and complying with program regulations are also proficiencies lacking in many businesses.

    It Pays to Align your Company with a Knowledgeable Consulting Firm

    A management consulting firm that is well-versed in obtaining assistance funding for ISO and other continuous improvement skill-based training can dramatically cut costs for their clients. There is no substitute when it comes to successful experience with these programs--the hand that guides must be steady and sure.

    Performing a comprehensive training needs analysis, finding the best funding program, navigating intricate paperwork and helping clients satisfy qualifying criteria requires seasoned expertise. Selecting a consulting firm that has a successful track record also gives clients confidence to proceed with training or other quality management projects, knowing that their funding proposal will likely be approved.

    Experienced management consulting firms keep abreast of changing regulations and trends. They know how to expedite proposals, and overcome bureaucracy to successfully secure funding. And they issue status reports along the way, so that their clients are fully informed. Moreover, knowledgeable management consulting firms are proactive in advising their clients of funding opportunities and how these can be leveraged.

    If a company is interested in getting financial help, it pays to partner with a consulting firm that has a successful track record in obtaining funding assistance. More established management consulting firms, like Change Management Consulting, have strategic relationships with dedicated resources that perform funding program management for their clients. This relieves them of the administrative burden. These assets closely monitor a client's compliance with the funding program's regulations. They efficiently manage data entry, tracking, reporting and invoicing. Knowing the ropes, they help clients maintain positive cash flows by expediting the release of program funds.

    To support Singaporeans based in Soon Lee in these aspects, here are the government grants and resources that you can utilize. These programs are administered by Workforce Singapore, a statutory board under the Ministry of Manpower.

    Advanced Certificate in Training and Assessment ACTA

    A service excellence seminar will give you the competitive advantage you need to survive in a tough business climate. In today’s customer-oriented business environment, people skills are critical for personal and organizational success.

    Likewise, a customer service excellence seminar gives you the skills you need to communicate professionalism, gain respect, enhance customer relationships and secure an overall competitive advantage through customer service excellence.

    How you handle your customers can directly affect your individual goals as well as your team’s and company’s performance.

    Skills Partnership Training Grants

    The Role of Skill Development and Higher Education in Economic Growth

    Firstly, the candidates on his career point should undergo a program called "National Employability Enhancement Mission". The NEEM trainees should know how to work in an industry. For fulfilling the requirements of company every student should gain training in their respective field.

    Students are asked to give presentation of their project very often to enhance their communication and presentation skills. They prepare notes, search information, analyze it and present it in effective manner using audio visual aids.

    Students have undergone live projects to do their best. They have to prove himself to be experts his working skills. After undergoing these trainings the students would be able to confidently handling the advanced stages of services and equipment handling. They become industry ready as they will have the working exposure to latest industry equipments. They can understand comprehensive integration.

    The training comprises of reading, writing, listening & speaking skills. An integral part of all program is the specialized training by industry experts. Students have been given a project related to preparing a live business venture. By working on such a live project student will be confident for further use in an industry.

    The students become industry ready after undergoing National Employability Enhancement Mission NEEM Training. In aptitude building training, they focus on analytical, logical and reasoning skills along with group discussion and personnel interview. Students are imparted with sufficient knowledge for their professional life by educating them with the right means of communication, which is both verbal and non verbal. Workshops are conducted to prepare students with the conscious and unconscious movements.

    The first step to making an impression is a good resume. First impression is very important in a job interview, the first judgement is on the basis of appearance. Students are trained to get through the aptitude test. Special tips to score well in quantitative section are given along with.

    Group Discussions are carried out to assess and shape student's personality. Equipping student with basic knowledge and fundamentals to be kept in mind while appearing for an interview. They also conduct Mock Tests. Mock interview rounds which lays emphasis on body posture and other technical aspects.

    This training helps student to set their goals. Goal setting is a process where the institute helps the students to identify and formulate their short term and long term goals. Each NEEM trainee shall be provided comprehensive training in the trade by deployment. This scheme may be complemented by access to the cloud, satellite or such other facilities.

    If executed properly apprenticeship can help provide suitable jobs to a very large number of youths. There are various skill development program for various trades. Some of these are Machining, Electronics, Civil constructions Meteorology, Textiles & Garments Leather & Leather Goods Gems & Jewellery, Real Estate, Tourism, Pharmaceuticals etc. The students choose their field to be an expert. The youth will be trained by a blend of technical modules and self-developmental courses. They will be mentored and guided by industry leaders.

    Student's Progress is consistently monitored and constructive feedback is provided from time to time. Apprentices get an opportunity to undergo 'on the job' training and are exposed to real working conditions, situations, and challenges.

    Who Should Attend ?

    Thelearningtobefearless advocates that you belong to any of this you should consider attending such skill enhancement programs. Small business owners, customer service representatives, technical and support personnel, field service representatives, account managers, credit and billing specialists, as well as managers who want service excellence training.

    How You Will Benefit ?

    You would be able to deliver better, faster service, and increase customer satisfaction through a customer service excellence seminar. You will learn how to gain repeat business in Soon Lee Singapore.

    In addition to all this you should often check the Government jobs portal that aims to provide Singaporeans and  Permanent Residents (PRs) with free job search service that matches them to jobs based on their relevant skills.

    Boon Lay Training Course Allowance

    Find grants, funding and support programs from across government to help your business grow and succeed. When searching for funding in Boon Lay Singapore, keep in mind that you’ll generally need to meet certain criteria to be eligible, and that aside from funding assistance, many programs can help your business by building your skills and knowledge.

    In addition, the job search process can be mentally and emotionally challenging, not to mention the financial opportunity costs of not working in Boon Lay is usually high.

    Common scenarios include fresh graduates looking for their first full-time job; mature workers hoping to start a new phase of their career; or those who got retrenched and wish to find employment.

    Unlike in the past, where people work for the same employer for the entire duration of their working lives, the working adults of today will find themselves in the market for a job much more often.

    Why Employers Like Online Education Programs?

    Capital funding for a small business is a very difficult process. This due to the fact that capital has become extremely restricted for small businesses due to the fact that the economy is difficult. As such angel investors, venture capita firms, and private equity groups, and related financing sources are reluctant to provide financing for small businesses that may not yield a significant profit on their investment. As such, it is imperative for you to showcase to a private funding source that your business has the ability to generate a substantial return on investment as it pertains to the funding that they will inject into your business. This is going to be a topic that we discuss time and time again as it relates to your ability to expand your business through capital investment.

    There are a number of ways that you can obtain capital funding for your small business. Foremost, you can seek a small business loan that will provide you with ability to launch or expand your business without having to sell a portion of your company to a third party. Many individual entrepreneurs like to receive debt funds due to the fact that the covenants allow them a great deal of flexibility as it relates to their business investments. As such, we strongly recommend that you continue to work with a small business adviser as it pertains to your ability to potentially receive a strong capital investment from a bank that is willing to lend against the assets of your firm on an ongoing basis as your business expands.

    In closing, capital funding for a small business can come in a number of different forms. We strongly recommend that you work with your certified public accountant as well as an attorney as it relates to your ability to effectively receive the financing that you need for the development and growth of your business. These professionals will be able to provide you with the expertise that is need in order to properly make a decision as what is the most economically viable financing model that is required of your business. Of course, you as the business person are going to need to make an informed decision as it relates to acquiring the business capital that you need for your business. In many of our future discussions, we are going to continue to discuss the issues that arise from seeking capital funding for a small business as well as focusing on how you many need subsequent rounds of capital on an ongoing basis.

    To support Singaporeans based in Boon Lay in these aspects, here are the government grants and resources that you can utilize. These programs are administered by Workforce Singapore, a statutory board under the Ministry of Manpower.

    How Much Training Allowance

    A service excellence seminar will give you the competitive advantage you need to survive in a tough business climate. In today’s customer-oriented business environment, people skills are critical for personal and organizational success.

    Likewise, a customer service excellence seminar gives you the skills you need to communicate professionalism, gain respect, enhance customer relationships and secure an overall competitive advantage through customer service excellence.

    How you handle your customers can directly affect your individual goals as well as your team’s and company’s performance.

    Skills Partnership Training Grants

    Why Employers Like Online Education Programs?

    In 2007, 707,948 trademarks were filed in China, which ranks China's Trademark Office (CTMO) among the busiest in the world. During the same period, 17,747 oppositions were filed. Evidently, with the large number of filings, it is increasingly important that foreign trademark holders both file their marks in China, along with constantly monitor other filings so as to protect their brands in the market. In this article, we set out the procedure and requirements to file an opposition in China.

    1. Important Timelines and Procedures

    Article 30 of the Trademark Law states:

    Any person may, within three months from the date of the publication, file an opposition against the trademark that has, after examination, been preliminarily approved. If no opposition has been filed after the expiration of the time limit from the publication, the registration shall be approved, a certificate of trademark registration shall be issued and the trademark shall be published.

    Like virtually all trademark systems, China's CTMO publishes a Trademark Gazette with all preliminarily approved marks.

    A trademark holder will then have three months to file an Application for Trademark Opposition with CTMO, including evidence substantiating its request. From there, CTMO will then send a copy of the Application to the applicant, who will have 30 days to respond. Both parties will then have three months from the date of submission of the Application to provide supplementary evidence.

    Generally, CTMO will issue its decision through a notice within two to three years of the Application. Thereafter, either party may institute review proceedings with the Trademark Review and Adjudication Board (TRAB) within fifteen days. Subsequently, if a party is still dissatisfied with TRAB's decision, it can then file a suit against TRAB in the People's Court within thirty days of the review decision.

    2. Legal Basis

    There are numerous grounds for cancellation of marks:

    1) Lack of distinctiveness (Art. 9, Trademark Law);

    2) Identical or similar to name, national flag, national emblem, or other decorations of the People's Republic of China (Art. 10, Trademark Law);

    3) Identical or similar to name, national flag, national emblem, or other decorations of foreign countries (Art. 10, Trademark Law);

    4) Identical or similar to name, flag, emblem, or other decorations of international organizations (Art. 10, Trademark Law);

    5) Identical or similar to official signs, demonstrating official control or warranty (Art. 10, Trademark Law);

    6) Identical or similar to the symbols or names of the Red Cross or Red Crescent (Art. 10, Trademark Law);

    7) Discriminatory against nationality (Art. 10, Trademark Law);

    8) Exaggeration or fraud (Art. 10, Trademark Law);

    9) Detrimental to socialist morals or customs, or having other unhealthy influences (Art. 10, Trademark Law);

    10) Directly referencing quality, main raw materials, function, use, weight, quantity, or other features of the goods (Art. 11, Trademark Law);

    11) 3-D marks whose shape is derived from the goods itself, required for technical effect or obtaining substantive value (Art. 12, Trademark Law);

    12) Geographic indications for goods which are not, in fat, from the region indicated (Art. 16, Trademark Law);

    13) An agent or representative registers, in its own name, the trademark for whom he acts as agent or representative, without authorization (Art. 15, Trademark Law);

    14) The mark, registered in the same or similar class of goods, is a reproduction, imitation, or translation of another person's trademark not registered in China and is likely to cause confusion (Art. 13, Trademark Law); and

    15) The mark, registered in non-identical or dissimilar class of goods, is a reproduction, imitation, or translation of another person's well-known trademark registered in China, misleads the public and is likely to harm the interests of the holder (Art. 13, Trademark Law).

    3. Conclusion

    Again, any interested party will have three months from the date of publication to file an Application for Opposition. Should the deadline pass, the trademark will be granted, and the only available remedy would then be an application for cancellation of the mark. Though the grounds are the same, procedures are somewhat protracted and, obviously, the holder will now enjoy the rights of the granted mark during the period of grant and cancellation. As a result, it is extremely important to constantly monitor and quickly react in order to protect trademark rights in China.

    Who Should Attend ?

    Thelearningtobefearless advocates that you belong to any of this you should consider attending such skill enhancement programs. Small business owners, customer service representatives, technical and support personnel, field service representatives, account managers, credit and billing specialists, as well as managers who want service excellence training.

    How You Will Benefit ?

    You would be able to deliver better, faster service, and increase customer satisfaction through a customer service excellence seminar. You will learn how to gain repeat business in Boon Lay Singapore.

    In addition to all this you should often check the Government jobs portal that aims to provide Singaporeans and  Permanent Residents (PRs) with free job search service that matches them to jobs based on their relevant skills.

    Taman Jurong Skills First Funding

    Find grants, funding and support programs from across government to help your business grow and succeed. When searching for funding in Taman Jurong Singapore, keep in mind that you’ll generally need to meet certain criteria to be eligible, and that aside from funding assistance, many programs can help your business by building your skills and knowledge.

    In addition, the job search process can be mentally and emotionally challenging, not to mention the financial opportunity costs of not working in Taman Jurong is usually high.

    Common scenarios include fresh graduates looking for their first full-time job; mature workers hoping to start a new phase of their career; or those who got retrenched and wish to find employment.

    Unlike in the past, where people work for the same employer for the entire duration of their working lives, the working adults of today will find themselves in the market for a job much more often.

    Trademark Process in Asian Countries

    Contrary to what you are seeing in the press with the credit crunch and looming recession there is simply too much money in the World at the moment; too much capital seeking too few investment opportunities. Remember the 1930s depression created more Millionaires than in any other era (ever) and now will be no different. A large amount of high net worth individuals are seeking to diversify their portfolios away from traditional investments as a defensive hedge against stock market volatility. Historically and in times of recession the two best investment classes that have outperformed traditional markets have been commodities and private equity. So if there is so much capital available in the world today, why is it so difficult to locate the capital you need?

    The most probable answer to your question is that the amounts you are seeking are way too small to tempt Venture Capitalists or Hedge fund managers. After all it is relative. If a VC has tens of millions of pounds to invest into private equity why invest into 100 or 200 start-up companies? Who could possibly manage and foresee all of these investments and entrepreneurs? Its hard enough to manage one sometimes! So relatively speaking, investing in you would most-likely prove cost-prohibitive for them even though arguably they would receive more value overall.

    The Hunt - VCs vs Angels
    Venture Capital firms are one way to raise a serious amount of capital but as you may imagine there are pitfalls. The main one being loss of equity far beyond the 51% mark. Further the final vote on 'the right of sale' will also most probably be a mandatory right for them. Since VCs main motivation is 'ROISAP' (return on investment soon as possible) VCs will always have a frantic desire to flip every deal as quickly as possible. And they will not care where that return comes from, yourself or an outside party as long as they receive a massive bonus for the risk and skill for what they have invested.

    More appealing to an entrepreneur starting-up is to seek a business angel investor interested in the line of work you are involved in as they will either take an equity position and some level of debt (or typically a combination of the two) in exchange for their investment. They will also take a seat on your board of directors, which they will use as a platform to monitor their investment and to provide invaluable advice. Sometimes they can actually take an active role in the organization and get it kick started into high gear. This freedom can afford an organization the ability to swiftly hire key employees and develop its business model to the point where it is ready to seek larger scale, second-round financing at a much more reasonable cost-to-equity due to the proven track record within the organization.

    Other benefits to the entrepreneur include access to the expertise and business networks that the angel investors may be involved with. In addition to this, the growing trend of angel investor syndicating means that an individual entrepreneur can raise significant capital (significantly above the £500K mark) in a single financing deal without the need to negotiate separately with each investor.

    Health Warning:
    Venture capital money is not for the faint-hearted. Too often, it is only for the desperate - unless your desire is to build a business with an exit strategy in mind from day 1. There is nothing wrong with such a goal in the short term, as the returns can be staggering, but expect to make them many - many more millions than your side - that is if you even get that far. A great many other original creators have been squeezed out long before the 'D-day - big pay day'.

    Angel investment therefore represents an invaluable source of alternative funding. And one that is far more attractive and realistic for a start-up entrepreneur. Benefits for both the Entrepreneur and the Angel can be great provided of course that the expectations are well drafted and thought out from day one and the funding agreement is structured to meet the demands of both sides.

    The main difference between a business angel and a venture capitalist is that VC funding will come with legal agreements that will be inevitably always be Venture capitalist biased with terms that almost are utterly unfair and unjust, whereas, Angel investment will be far more flexible. It's not uncommon for some Angels to even shy away from using corporate solicitors when drafting agreements for funding. The reason being that if a high net worth individual should choose to invest in 8 - 10 companies, the total legal bill could turn out to be over £50,000.00 (assuming a lean estimation of £5K per company which is low!) - money that could be used to fund crucial working capital or further expansion.

    Executive Summary
    Receiving successful venture capital funding can provide a lot more than just money to the start-up. They can bring a wealth of managerial talent and experience that can advise you on external growth and how to jump over major pitfalls.

    This professional advice can be a massive boost for a young company looking for every competitive edge. Another major benefit of VC Capital is that their network of contacts could end up making all the difference in a successful exit (or not).

    But always remember what being funded by a VC actually means. After they have invested millions into it and regardless of whether or not they actually hold a controlling interest in your company they will be in control of your organization and will have a lot of power over how the company runs and how they will get their money out. You will be forced to go down directions that you may not be too happy with.

    The Plan
    More often then not, it's best for an entrepreneur to start up on their own or with the help of an Angel Investor (or syndicate if the investment requirement is too large to be funded by one individual). After running and evolving the business, the next best course of action is turn to VCs when you believe you are ready to take your company to the next level and will need a serious amount of capital to do so. Before even considering approaching a VC, you will have to demonstrate that you have a degree of success in your past, which is where the first round of your funding and management of your cash flow will come in handy.

    When you do decide to approach venture capitalists and if by some miracle should they agree to back you, then it will be crucial on your part to seek-out the best legal advice that you can afford for the ensuing negotiations. One sentence or even a phrase within the initial contract can determine your success or failure. VCs are consummate professionals, and you will have to become one before playing in their league.

    To support Singaporeans based in Taman Jurong in these aspects, here are the government grants and resources that you can utilize. These programs are administered by Workforce Singapore, a statutory board under the Ministry of Manpower.

    New Path For Midcareer Professionals To Join The Accounting Industry

    A service excellence seminar will give you the competitive advantage you need to survive in a tough business climate. In today’s customer-oriented business environment, people skills are critical for personal and organizational success.

    Likewise, a customer service excellence seminar gives you the skills you need to communicate professionalism, gain respect, enhance customer relationships and secure an overall competitive advantage through customer service excellence.

    How you handle your customers can directly affect your individual goals as well as your team’s and company’s performance.

    MidCareer Enhanced Subsidy Support And Lifelong Learning

    How to Get a Government Grant - Apply For Free Government Money

    Multi Channel Integration and EDI transactions have been increasing day-by-day and they would certainly tend to grow as long as the EDI industry undergoes constant improvement. The EDI-based transactions comply with the X12 standard, which in turn has several sub-standards supported by various industries that keep growing over time.

    Amongst the various supported standards today, UCS (Uniform Communication Standard), VICS (Voluntary Inter-industry Commerce Standards), HIPAA (Health Insurance Portability and Accountability Act) are the pre-dominant ones.

    As per the statistical analysis revenues of the EDI Software packages should increase at a steady rate of 5 percent rate during the period because of a number of reasons such as the big organizations boosting up deployment of SME solutions, and even the mid size range companies implementing the EDI operations with suppliers paving the way to more and more EDI transactions for Channel Integrations

    Moreover the EDI usage grows in the health care industry is increasing, thanks to the Health Care Insurance Portability and Accountability Act (HIPAA) grant.

    Consequently the larger organizations will retain the investments in their EDI operations, leading to more and more EDI transactions.

    Coming to the EDI Services and support revenue, there shouldn't be any decrease in them either, as they would steadily grow at a 2 percent on account of reasons like growth in the EDI outsourcing services. Furthermore, with more mid size hubs and SMEs moving joining the internet revolution, the volume of EDI transactions also tend to go high.

    In fact looking at the historical perspective, initially when e-Commerce started, the experts had the perception that it would bring the end of EDI, rather than supporting it. However in realistic terms they never thought about the mere fact that basically EDI is e-Commerce by far and large!

    Over time this trend has been noticeable and slowly but surely the industrialists have realized that the EDI transactions are a part of the e-commerce, essentially supporting e-commerce rather than competing with it.

    As a matter of fact, the EDI transactions aren't really growing in a particular sector, and right from health care down to mid size SMEs, they have been only increasing.

    Who Should Attend ?

    Thelearningtobefearless advocates that you belong to any of this you should consider attending such skill enhancement programs. Small business owners, customer service representatives, technical and support personnel, field service representatives, account managers, credit and billing specialists, as well as managers who want service excellence training.

    How You Will Benefit ?

    You would be able to deliver better, faster service, and increase customer satisfaction through a customer service excellence seminar. You will learn how to gain repeat business in Taman Jurong Singapore.

    In addition to all this you should often check the Government jobs portal that aims to provide Singaporeans and  Permanent Residents (PRs) with free job search service that matches them to jobs based on their relevant skills.

    Bukit Batok Business Grants

    Find grants, funding and support programs from across government to help your business grow and succeed. When searching for funding in Bukit Batok Singapore, keep in mind that you’ll generally need to meet certain criteria to be eligible, and that aside from funding assistance, many programs can help your business by building your skills and knowledge.

    In addition, the job search process can be mentally and emotionally challenging, not to mention the financial opportunity costs of not working in Bukit Batok is usually high.

    Common scenarios include fresh graduates looking for their first full-time job; mature workers hoping to start a new phase of their career; or those who got retrenched and wish to find employment.

    Unlike in the past, where people work for the same employer for the entire duration of their working lives, the working adults of today will find themselves in the market for a job much more often.

    Techniques To Improve Human Capital

    The government, under SMIDEC (Small & Medium Industries Development Corporation), MATRADE (Malaysia External Trade Development), MECD (Ministry of Entrepreneur & Co-operative Development), MTDC (Malaysia Technology Development Corporation), MOSTI (Ministry of Science, Technology and Innovation) and CGC (Credit Guarantee Corporation) offer grants to Malaysian companies that meet the criteria for governmental funding ranging from 50% to 100% reimbursable grants for the purposes of brand promotion, product development, research & development and marketing activities. Currently, the individual grants ranges from a few hundred thousands to two millions (Malaysian Ringgit) in the form of 100% and 50% reimbursable grant, respectively.

    The grants are specifically for Malaysian SME/SMI (Small Medium Enterprises/Small Medium Industries) and formal applications must be made directly to the respective governmental agencies.

    So far, according to governmental sources, the quota for the grant disbursement has not been fully utilized and there is still a substantial amount of such grants available.

    To apply, the companies must first be vetted for eligibility. If eligible, a standard official application form must be duly completed and submitted to the relevant agency together with a comprehensive business plan, marketing plan and pertinent information such as Profit & Loss Accounts, Trademark or Service mark registration and other relevant documents.

    Most SME/SMI in Malaysia however lacks the business fundamentals, such as a formal business or marketing plans. This is where outsourcing such services to business consulting firms adept at dealing with the government agencies will be helpful. Such firms will guide and assist in the application process and ensure that the required business and marketing plans are in the correct formats.

    To support Singaporeans based in Bukit Batok in these aspects, here are the government grants and resources that you can utilize. These programs are administered by Workforce Singapore, a statutory board under the Ministry of Manpower.

    Mid Career Employee Training

    A service excellence seminar will give you the competitive advantage you need to survive in a tough business climate. In today’s customer-oriented business environment, people skills are critical for personal and organizational success.

    Likewise, a customer service excellence seminar gives you the skills you need to communicate professionalism, gain respect, enhance customer relationships and secure an overall competitive advantage through customer service excellence.

    How you handle your customers can directly affect your individual goals as well as your team’s and company’s performance.

    Advanced Digital Marketing Training Program

    The New Approach to Healthcare Enterprise Information Management - EHR, EMR, EIM

    Choosing to improve your skills can fetch you a promotion and pay rise. Employee training is an important investment that can go a long way in improving employee productivity and business competitiveness. When performed properly, training can promote employee job satisfaction and long-term career goals.

    According to research studies, 40% of employees who do not receive job training within the first two years often leave their positions. They cite lack of proper skills and development as the main reason for leaving. High employee turnover should be discouraged because it usually costs the organization large sums of money in the form job interruptions, job interviews and job orientation. The importance of employee training and development include:

    · Address weaknesses

    The majority of employees have a few weaknesses with their workplace skills. Therefore, a training and development program seeks to improve employee skills. A training program helps to bring all employees to the same level, having the same knowledge and skills.

    A weak link in any part of the organization can interfere with the overall performance of the organization because different tasks rely heavily on each other to get a task/job done. Training helps to reduce weak links within the organization and improve the overall performance of the organization. Furthermore, proper training creates a knowledgeable workforce that can take over from each other when necessary, work as a team or work independently without requiring constant supervision or help from each other.

    · Improve employee performance

    Employees who acquire the necessary training are able to perform their work better. They are more knowledgeable to resolve problems and more professional in their approach. A good training also helps to improve employee confidence because they have a better understanding of their responsibilities and industry.

    Confidence has a way of driving employees to be more creative at their work. Therefore, continuous training is recommended highly because it can get workers on the cutting-edge of industry developments. Employees who are competent can help drive the organization to the top position in the industry.

    · Employee satisfaction

    Employees who get challenged through training tend to feel a sense of commitment and satisfaction. A workforce that has access to training programs offered by the employer is at a better advantage than employees from other organizations who are forced to cater for their own training.

    The organization creates a supportive environment that is keen at making employees better workers. Employees who receive training facilitated by their employer feel valued. In many instances, employees end up receiving a training they did not know they required.

    Who Should Attend ?

    Thelearningtobefearless advocates that you belong to any of this you should consider attending such skill enhancement programs. Small business owners, customer service representatives, technical and support personnel, field service representatives, account managers, credit and billing specialists, as well as managers who want service excellence training.

    How You Will Benefit ?

    You would be able to deliver better, faster service, and increase customer satisfaction through a customer service excellence seminar. You will learn how to gain repeat business in Bukit Batok Singapore.

    In addition to all this you should often check the Government jobs portal that aims to provide Singaporeans and  Permanent Residents (PRs) with free job search service that matches them to jobs based on their relevant skills.

    Tengah Skill Development Grants

    Find grants, funding and support programs from across government to help your business grow and succeed. When searching for funding in Tengah Singapore, keep in mind that you’ll generally need to meet certain criteria to be eligible, and that aside from funding assistance, many programs can help your business by building your skills and knowledge.

    In addition, the job search process can be mentally and emotionally challenging, not to mention the financial opportunity costs of not working in Tengah is usually high.

    Common scenarios include fresh graduates looking for their first full-time job; mature workers hoping to start a new phase of their career; or those who got retrenched and wish to find employment.

    Unlike in the past, where people work for the same employer for the entire duration of their working lives, the working adults of today will find themselves in the market for a job much more often.

    Sources of Business Finance

    Sources of business finance can be studied under the following heads:

    (1) Short Term Finance:

    Short-term finance is needed to fulfill the current needs of business. The current needs may include payment of taxes, salaries or wages, repair expenses, payment to creditor etc. The need for short term finance arises because sales revenues and purchase payments are not perfectly same at all the time. Sometimes sales can be low as compared to purchases. Further sales may be on credit while purchases are on cash. So short term finance is needed to match these disequilibrium.

    Sources of short term finance are as follows:

    (i) Bank Overdraft: Bank overdraft is very widely used source of business finance. Under this client can draw certain sum of money over and above his original account balance. Thus it is easier for the businessman to meet short term unexpected expenses.

    (ii) Bill Discounting: Bills of exchange can be discounted at the banks. This provides cash to the holder of the bill which can be used to finance immediate needs.

    (iii) Advances from Customers: Advances are primarily demanded and received for the confirmation of orders However, these are also used as source of financing the operations necessary to execute the job order.

    (iv) Installment Purchases: Purchasing on installment gives more time to make payments. The deferred payments are used as a source of financing small expenses which are to be paid immediately.

    (v) Bill of Lading: Bill of lading and other export and import documents are used as a guarantee to take loan from banks and that loan amount can be used as finance for a short time period.

    (vi) Financial Institutions: Different financial institutions also help businessmen to get out of financial difficulties by providing short-term loans. Certain co-operative societies can arrange short term financial assistance for businessmen.

    (vii) Trade Credit: It is the usual practice of the businessmen to buy raw material, store and spares on credit. Such transactions result in increasing accounts payable of the business which are to be paid after a certain time period. Goods are sold on cash and payment is made after 30, 60, or 90 days. This allows some freedom to businessmen in meeting financial difficulties.

    (2) Medium Term Finance:

    This finance is required to meet the medium term (1-5 years) requirements of the business. Such finances are basically required for the balancing, modernization and replacement of machinery and plant. These are also needed for re-engineering of the organization. They aid the management in completing medium term capital projects within planned time. Following are the sources of medium term finance:

    (i) Commercial Banks: Commercial banks are the major source of medium term finance. They provide loans for different time-period against appropriate securities. At the termination of terms the loan can be re-negotiated, if required.

    (ii) Hire Purchase: Hire purchase means buying on installments. It allows the business house to have the required goods with payments to be made in future in agreed installment. Needless to say that some interest is always charged on outstanding amount.

    (iii) Financial Institutions: Several financial institutions such as SME Bank, Industrial Development Bank, etc., also provide medium and long-term finances. Besides providing finance they also provide technical and managerial assistance on different matters.

    (iv) Debentures and TFCs: Debentures and TFCs (Terms Finance Certificates) are also used as a source of medium term finances. Debentures is an acknowledgement of loan from the company. It can be of any duration as agreed among the parties. The debenture holder enjoys return at a fixed rate of interest. Under Islamic mode of financing debentures has been replaced by TFCs.

    (v) Insurance Companies: Insurance companies have a large pool of funds contributed by their policy holders. Insurance companies grant loans and make investments out of this pool. Such loans are the source of medium term financing for various businesses.

    (3) Long Term Finance:

    Long term finances are those that are required on permanent basis or for more than five years tenure. They are basically desired to meet structural changes in business or for heavy modernization expenses. These are also needed to initiate a new business plan or for a long term developmental projects. Following are its sources:

    (i) Equity Shares: This method is most widely used all over the world to raise long term finance. Equity shares are subscribed by public to generate the capital base of a large scale business. The equity share holders shares the profit and loss of the business. This method is safe and secured, in a sense that amount once received is only paid back at the time of wounding up of the company.

    (ii) Retained Earnings: Retained earnings are the reserves which are generated from the excess profits. In times of need they can be used to finance the business project. This is also called ploughing back of profits.

    (iii) Leasing: Leasing is also a source of long term finance. With the help of leasing, new equipment can be acquired without any heavy outflow of cash.

    (iv) Financial Institutions: Different financial institutions such as former PICIC also provide long term loans to business houses.

    (v) Debentures: Debentures and Participation Term Certificates are also used as a source of long term financing.

    Conclusion:

    These are various sources of finance. In fact there is no hard and fast rule to differentiate among short and medium term sources or medium and long term sources. A source for example commercial bank can provide both a short term or a long term loan according to the needs of client. However, all these sources are frequently used in the modern business world for raising finances.

    To support Singaporeans based in Tengah in these aspects, here are the government grants and resources that you can utilize. These programs are administered by Workforce Singapore, a statutory board under the Ministry of Manpower.

    Teacher Training Allowance Latest News

    A service excellence seminar will give you the competitive advantage you need to survive in a tough business climate. In today’s customer-oriented business environment, people skills are critical for personal and organizational success.

    Likewise, a customer service excellence seminar gives you the skills you need to communicate professionalism, gain respect, enhance customer relationships and secure an overall competitive advantage through customer service excellence.

    How you handle your customers can directly affect your individual goals as well as your team’s and company’s performance.

    Government Staff Training Grants

    Critical Entrepreneurial Skills

    When you wish to start any kind of business you need first to contemplate which kind of business you would like to start. Thereafter you need to find office space, build client base, and hire employees. So you are going to face plenty of challenges which you would really like to address first to successfully run your business.

    In other way starting a business may be easy but to run it successfully you are going to face stiff challenges. The most daunting task, however for entrepreneur is raising start-up capital and loans in order to raise and run a business.

    The internet with growth of penetration through the world wide population has given tools to the entrepreneurs to address their every needs. Luckily for the entrepreneur they may find various options available through internet for funding their new companies. But finding and securing the funds for their company will take careful research, good negotiating skills, and, the most important thing a commitment towards launching new business.

    To start a capital search you should have a good business plan first which may attract the investor which is going to invest for your business plan. A business plan that may show investors and lenders the potential growth of your company. You should follow that up with whole heartedly with a thorough knowledge of the resources available on internet and through other medium and a determination which may make your business reality.

    Further it may be said that raising capital or funding your business might not be that much difficult, what is most important is you get your funding money or capital in right time and on right terms. You should take care of few facts while trying to raise money for your business i.e. how much you need?, When you need and from whom you want to get it?

    Who Should Attend ?

    Thelearningtobefearless advocates that you belong to any of this you should consider attending such skill enhancement programs. Small business owners, customer service representatives, technical and support personnel, field service representatives, account managers, credit and billing specialists, as well as managers who want service excellence training.

    How You Will Benefit ?

    You would be able to deliver better, faster service, and increase customer satisfaction through a customer service excellence seminar. You will learn how to gain repeat business in Tengah Singapore.

    In addition to all this you should often check the Government jobs portal that aims to provide Singaporeans and  Permanent Residents (PRs) with free job search service that matches them to jobs based on their relevant skills.

    Bukit Panjang Fund For Innovation

    Find grants, funding and support programs from across government to help your business grow and succeed. When searching for funding in Bukit Panjang Singapore, keep in mind that you’ll generally need to meet certain criteria to be eligible, and that aside from funding assistance, many programs can help your business by building your skills and knowledge.

    In addition, the job search process can be mentally and emotionally challenging, not to mention the financial opportunity costs of not working in Bukit Panjang is usually high.

    Common scenarios include fresh graduates looking for their first full-time job; mature workers hoping to start a new phase of their career; or those who got retrenched and wish to find employment.

    Unlike in the past, where people work for the same employer for the entire duration of their working lives, the working adults of today will find themselves in the market for a job much more often.

    Stages Oof Capital Funding

    Capital funding for a small business is a very difficult process. This due to the fact that capital has become extremely restricted for small businesses due to the fact that the economy is difficult. As such angel investors, venture capita firms, and private equity groups, and related financing sources are reluctant to provide financing for small businesses that may not yield a significant profit on their investment. As such, it is imperative for you to showcase to a private funding source that your business has the ability to generate a substantial return on investment as it pertains to the funding that they will inject into your business. This is going to be a topic that we discuss time and time again as it relates to your ability to expand your business through capital investment.

    There are a number of ways that you can obtain capital funding for your small business. Foremost, you can seek a small business loan that will provide you with ability to launch or expand your business without having to sell a portion of your company to a third party. Many individual entrepreneurs like to receive debt funds due to the fact that the covenants allow them a great deal of flexibility as it relates to their business investments. As such, we strongly recommend that you continue to work with a small business adviser as it pertains to your ability to potentially receive a strong capital investment from a bank that is willing to lend against the assets of your firm on an ongoing basis as your business expands.

    In closing, capital funding for a small business can come in a number of different forms. We strongly recommend that you work with your certified public accountant as well as an attorney as it relates to your ability to effectively receive the financing that you need for the development and growth of your business. These professionals will be able to provide you with the expertise that is need in order to properly make a decision as what is the most economically viable financing model that is required of your business. Of course, you as the business person are going to need to make an informed decision as it relates to acquiring the business capital that you need for your business. In many of our future discussions, we are going to continue to discuss the issues that arise from seeking capital funding for a small business as well as focusing on how you many need subsequent rounds of capital on an ongoing basis.

    To support Singaporeans based in Bukit Panjang in these aspects, here are the government grants and resources that you can utilize. These programs are administered by Workforce Singapore, a statutory board under the Ministry of Manpower.

    New Generation Skills Training

    A service excellence seminar will give you the competitive advantage you need to survive in a tough business climate. In today’s customer-oriented business environment, people skills are critical for personal and organizational success.

    Likewise, a customer service excellence seminar gives you the skills you need to communicate professionalism, gain respect, enhance customer relationships and secure an overall competitive advantage through customer service excellence.

    How you handle your customers can directly affect your individual goals as well as your team’s and company’s performance.

    Eperformax Training Allowance

    Importance of Grants - What's the Real Deal?

    Many don't realize that in order to be successful in business funding one must always be aware of where your business is at in terms of its development.

    For clarity there are three broad areas that cover the various rounds of funding. They are:

    1. Seed Stage

    2. Early Stage

    3. Later Stage

    The seed stage is the start up stage where you dig into the financial network that you have readily available to you. Namely your own funds or that of family and friends.

    During this time Angel Investors and Venture Capitalist are difficult to come by because the business model has not shown enough promise at this point. This phase deals with the building of the foundation and infrastructure of your business.

    This is the stage where you will refine your model and build a strong team around you that will be able to maximize on the business opportunity at hand.

    The next stage is The Early Stage. This stage focuses on:

    A) Development

    B) Testing

    C) Revenue

    D) Growth

    This is the stage where you will be in pursuit of Angel Investors who would look strongly at the progress you have made in the seed stage.

    The Later Stage focuses on:

    A) Earnings

    B) Expansion

    C) Mezzanine

    At this point if your business model is showing the potential to garner 25 Million in earnings or more a year you would be in proper alignment to take on venture capital funding.

    This stage considers an IPO (Initial Public Offering) or Buyouts be they MBI or MBO. Also under this umbrella would come;

    A) Acquisition

    B) Privatization

    C) Recapitalization

    D) Spinouts

    E) Turnaround

    At the end of the day if your company has the potential to go global while remaining profitable money will come. The pursuit of Angel Investors and Venture Capital Funding has been compared to building another business in terms of the energy and resources that have to be exerted.

    Yet what we have seen in looking at models such as Google, Microsoft and Amazon is that with the right knowledge of funding you can take that business that you started in the basement or garage and turn it into a billion dollar company.

    Who Should Attend ?

    Thelearningtobefearless advocates that you belong to any of this you should consider attending such skill enhancement programs. Small business owners, customer service representatives, technical and support personnel, field service representatives, account managers, credit and billing specialists, as well as managers who want service excellence training.

    How You Will Benefit ?

    You would be able to deliver better, faster service, and increase customer satisfaction through a customer service excellence seminar. You will learn how to gain repeat business in Bukit Panjang Singapore.

    In addition to all this you should often check the Government jobs portal that aims to provide Singaporeans and  Permanent Residents (PRs) with free job search service that matches them to jobs based on their relevant skills.

    Tuas Basic Training Allowance

    Find grants, funding and support programs from across government to help your business grow and succeed. When searching for funding in Tuas Singapore, keep in mind that you’ll generally need to meet certain criteria to be eligible, and that aside from funding assistance, many programs can help your business by building your skills and knowledge.

    In addition, the job search process can be mentally and emotionally challenging, not to mention the financial opportunity costs of not working in Tuas is usually high.

    Common scenarios include fresh graduates looking for their first full-time job; mature workers hoping to start a new phase of their career; or those who got retrenched and wish to find employment.

    Unlike in the past, where people work for the same employer for the entire duration of their working lives, the working adults of today will find themselves in the market for a job much more often.

    Develop Your Skill In A Profitable Manner Using the Skill Development Program

    To succeed, entrepreneurs must have many skills that allow them to conceive, launch and grow new products, services and/or companies. This article describes some of the most critical skills that an entrepreneur must possess.

    Focus: Entrepreneurs must focus. They must focus on goals to ensure that they are reached, customers to ensure that they are satisfied, and employees to make sure they are motivated.

    Vision: Entrepreneurs must have a vision of where they want their company to be in the future. In addition, the entrepreneur must be able to communicate this vision in an exciting manner to employees and investors, so that they share the vision and are motivated to help achieve it.

    Leadership: Rarely can entrepreneurs make a company succeed by themselves. This is much like the fact that greatest athlete doesn't ensure that their team will win if the other players cannot perform. As such, entrepreneurs need to be able to identify staffing needs, expertly fill them, and lead the team to success.

    Persistence & Passion: An entrepreneur must be passionate about what they are trying to accomplish. Likewise, they must be willing to commit whatever is needed of them. They must persist through trying times, since there are always bad times, and fight as much as needed to achieve the goals they have set.

    Technical skills: While entrepreneurs may not need to have the greatest technical skill sets in their organizations, they need to be savvy enough to lead the technical team. They need to understand the technical team's language and have a general understanding of the challenges they face in order to effectively lead them.

    Flexibility: Successful entrepreneurs understand that the world and the environment in which they operate are constantly changing. While they must focus on the end-game, they must adapt their strategies and offerings to meet changing market conditions.

    There has often been debate regarding whether entrepreneurship can be taught. For instance, can you really teach persistence or passion? Even if you can't, by understanding the importance of skills such as these, entrepreneurs can focus on these skills and bring to the table what is needed to succeed in their entrepreneurial endeavors.

    To support Singaporeans based in Tuas in these aspects, here are the government grants and resources that you can utilize. These programs are administered by Workforce Singapore, a statutory board under the Ministry of Manpower.

    Government Training Grants For Unemployed

    A service excellence seminar will give you the competitive advantage you need to survive in a tough business climate. In today’s customer-oriented business environment, people skills are critical for personal and organizational success.

    Likewise, a customer service excellence seminar gives you the skills you need to communicate professionalism, gain respect, enhance customer relationships and secure an overall competitive advantage through customer service excellence.

    How you handle your customers can directly affect your individual goals as well as your team’s and company’s performance.

    Social Media Marketing Classes For Beginners

    7 Methods to Do Research For a Technical Document Before Starting to Write It

    Introduction

    About Malawi
    The Republic of Malawi is a landlocked country in southeast Africa. It is separated from Tanzania and Mozambique by Lake Malawi. Malawi has eleven ethnic groups; the official languages are English and Chichewa, with other regional dialects spoken. Malawi is currently ranked 164 out of 177 on the Human Development Index, is a low-income, food-deficient and least developed country with the majority of its population of 12 million living below the poverty line. Poverty is both widespread and severe with a national poverty rate of 52 percent varying across regions. Over 86 percent of the people live in rural areas with low access to basic health and education services.

    Malawi has been hit hard by the AIDS pandemic. Close to one million people in Malawi are currently living with HIV and AIDS, including 91,000 children under fourteen; half a million children have lost one or both parents to AIDS. Chronic food shortages, coupled with the longer-term burden of HIV and AIDS, has placed millions of Malawi's people in need of urgent aid. Sources: World Vision; The World Food Programme A recent article in the Harvard Business Review (June 2010) identified eight stimuli to move 'the needle' of entrepreneurship in the right direction. See 'How to start an Entrepreneurial Revolution' by Daniel J. Isenberg. Rwanda, Chile, Israel, Iceland and Ireland are cited as examples of developing practice.

    The impact of the various factors is significantly influenced by the stage of economic development of the country, the level of accessibility to key enablers such as finance and cultural norms regarding entrepreneurship and wealth creation. For example, the UK may be considered to be fairly mature in this respect - if still not particularly well focused or 'joined up', Malawi, in contrast, is essentially a cash based, rain dependent agrarian economy. For the purposes of this article the eight factors have been additionally (and subjectively) categorised using a notional 'time to develop'.

    Short Term (say 6-12 Months - capable of immediate action)
    1. Engaging the private sector

    * In the UK, there appears to be no shortage of willingness to become engaged:

    * Many large companies are now working with SME's, for example, as part of their R & D value chain.

    * Some supermarkets will engage with small scale suppliers and have a local sourcing policy. There is some evidence of this in Malawi although supply side co-operatives and bargaining power are not well established. In the UK, the supply chain would be much more transparent.

    * Both in the UK and Malawi, mentoring is now an accepted form of knowledge and experience transfer. Good examples are the SEEDA Merlin Mentoring Scheme in the UK and, on a smaller scale, Business Consult Africa's programme in Blantyre.

    * In Malawi, mentors and mentees appeared to be more reluctant to engage. In a briefing session with mentors, I encouraged them to take more responsibility for keeping the relationship alive. In the early stages of the relationship, this may well mean focusing on the emotional side of the relationship before introducing business tools and concepts.

    * Business Angels have not been immune from the economic downturn but still contribute significantly in the UK. In Malawi, funding tends to come in a more informal way from friends and family.

    However:

    * Relationships between the Government in Malawi and the business community are still under developed.

    * Banks continue to get a mixed press in terms of their willingness to support the SME market in both countries. This is particularly so in Malawi where only about 20% of the population have bank accounts, there is an acute shortage of working capital and a focus on a property 'anchor' to secure much of the business lending.

    * Middlemen SME's often feel discriminated against when it comes to the terms of trade where suppliers demand upfront payment and buyers take longer credit periods and even then still settle late.

    2. Encouraging and celebrating success

    * As the saying goes - 'success breeds success' - so role models who illustrate what 'good looks like' are particularly valuable. They can have a catalytic effect at both a personal and business level. In the UK, personalities come in to play here such as Richard Branson and Sir Alan Sugar.

    * A BBC television programme 'Dragon's Den' gets budding entrepreneurs pitching their ideas to a panel of self made men/women who may then invest their own money if they find the proposition attractive. This is a good way of developing an understanding of what good looks like as well as appreciating the levels of creativity and innovation.

    * Culture plays an important part here - which we'll look at again later. This is not just in terms of attitudes to success but attitudes to failure as well. It may be trite but it's true - mistakes are learning experiences. As they say, if you're going to fail, then fail quickly.

    * The President of Malawi talks about"dreaming in colour" to energise his people. But role models of strong self-made men/women are still rare.Most of the success (which is usually seen through wealth) is created through governmental positions and respective benefits. This creates a distorted picture of success and does not inspire entrepreneurs and small business owners to find innovative and new market solutions in order to gain and breed success.

    3. Subjecting financing programmes to market disciplines

    * The UK SEEDA mentoring programme, which I was involved in, was provided free and funded by a 1m European Social Fund grant. It involved 70 mentors and 270 companies over a three year span. It was probably 'forced' to chase volume as there were targets for the number of mentors and companies.

    * In Malawi, the CBE (Capacity Building for Enterprise) project funded by the Scottish Malawi Business Group provides consultancy services to MSMEs (micro, small and medium sized enterprises). The project charges $150 per consultancy day which is upper tariff by their standards, 50% of this is recoverable - but in arrears - under a World Bank/Malawi Government scheme.

    * This, of course seems counter intuitive. The need to kick start entrepreneurship is arguably stronger in Malawi yet they are subject to the more rigorous market approach. The constraint here would appear to be the principle of 'Sustainability' where NGO's and third party donor funds are involved

    * In both cases, from my experiences, the businesses being supported were modest in scale and scope and likely to remain so for some time. Nonetheless, the financial support was more justified in Malawi.

    * In a recent survey s in the UK by Skillfair, 85% of freelance consultants felt SME's should pay for advice although a free upfront meeting was seen as a legitimate part of the sales process.

    Medium Term (say two/three years - requiring a change of strategy/policy/regulation etc.)

    4. Being judicious in emphasizing clusters and incubators

    * The article suggests that the success of Silicon Valley was based on a number of unique factors which are not necessarily capable of being replicated elsewhere. So, as a model it's not seen as particularly helpful although other countries have taken this route also - see, for example, 22 at Barcelona and the Design District, Helsinki.

    * Blantyre has its own Trade Centre where a diverse range of businesses sit side by side. It wasn't uncommon in the country to see roadside stalls grouped by produce such as vegetables, mats, carpets and pottery. These were natural clusters but difficult to make sense of economically because of the concentrated over supply.

    * The message here is that one size doesn't fit all. Isenberg in the HBR article talks about 'an ecosystem' and NESTA in the UK talks about 'mass localism'. In a sense these are evolutionary principles with a mixed 'tight/loose' approach (circa Peters & Waterman) which encourages organic, spontaneous and experimental rather than forced development.

    * Despite the lack of incubators in Malawi, there is still a huge reliance on copying existing policies. Tax exemption for manufacturing companies (as seen in Mauritius), where the experience shows no lasting (sustainable) benefits from this incentive. Manufacturing companies do not invest much since they expect policies to change, and when it does they just move the production elsewhere.

    * Villages are the crux of the Malawian community. Their role should be redesigned so that the undoubted strengths can be used to create a sustainable business or development model. This is partly reflected in the credo "1 village 1 product" that was introduced some years ago. but this concept has not been developed.

    5. Removing regulatory barriers

    * Both communities are quick to point out the unhelpful regulatory, fiscal, support and macro economic environments in which they operate with bureaucracy generating so much 'red tape'. Such is life; real entrepreneurs don't waste time on what they can't influence in the short term although this doesn't mean they don't lobby through the appropriate channels.

    * In this respect, whilst the UK benefits from shared general interest groups such as the Chambers of Commerce and the Federation of Small Businesses, these are less well developed and therefore less influential in Malawi. Business Consult Africa was trying to set up just such a network,

    * In Malawi, also, there are some other issues which can be discriminatory in terms of one business versus another. One is the application or rather lack of it in the tax collection process. In a workshop session which I facilitated, Malawi businessmen and women talked about how disadvantaged on price they were if they registered and were paying tax and competitors weren't,

    * In addition, in certain parts of the bureaucracy there were 'gatekeepers' who had to be 'encouraged' to deliver what they were being paid to do anyway. The workshop participants labelled this as 'corruption' although I could not possibly say this!

    * Some of the short term actions of the government - for example, legislation to curb the press, undoubtedly have an adverse affect on entrepreneurial behaviour which often relies on challenging the status quo.

    Long Term (say 5/6 years - endemic, behavioural and problematic)

    6. Passing conducive legislation

    * In the same way that structure follows strategy, I believe that, in essence, legislation should be used to appropriately underpin a proven and successful operating 'ecosystem' if you will.

    * Small business creation is essentially Darwinian - as in the survival of the fittest. Tampering with the system too soon creates artificiality unless there is demonstrable evidence for positive discrimination. Otherwise, this is not a place for legislators.

    * Often the challenge is not just introducing conducive legislation - but getting it to 'stick' at an operational level. This may have an adverse effect if business people are targeting emerging market gaps which are not re-enforced by the authorities.

    7. Approaching the entrepreneurship ecosystem as a whole

    * Many of the pressures of everyday life for most of the stakeholders in this debate (owners, shareholders, politicians, legislators, ethnicity, customers and so on) mitigate against a systems based strategic view of what is happening now let alone defining what is good for the future. There is no steady state here; flexibility and adaptability should be the hallmarks.

    * In Malawi, there are a number of 'richer' issues also:

    * A view that it is unacceptable for external bodies to label Malawi a 'failed state' as a recent report did.

    * The funding by China of a number of significant building programmes which are well publicised and allows them to present and propagate an alternative social and economic model.

    * The 'soft' democratic state of Malawi and an understandable desire given the history of Africa in general for a workable consensus above conflict - see the debate on changing the national flag.

    8. Modifying cultural norms Notes 1.This change has been categorised here based on the HBR article which suggests such change is 'generational i.e. ten years or so. 2. Malawi society allows for both business men and women.

    * This table should not be considered as exhaustive but illustrative in terms of the barriers that need to be considered:

    Issue Malawi UK Work Ethic

    * Generally energetic

    * Will often have two jobs to supplement income

    * Women have bonding 'housekeeper' role particularly in rural areas

    * Men generally believe there is a correlation between work, rewards and pleasure

    * Men & women work

    * City v rural not such a distinction

    Family formation

    * Average six children in rural areas & four in cities

    * Singles rare and not accepted by society

    * More career/income managed amongst professional classes

    * High unmarried pregnancy rates

    Infant mortality

    * High say 30% under five because of the impact of malnutrition and malaria

    * Western norms

    Attitude to authority

    * Generally compliant;

    * Few avenues for dissent

    * Giving orders and compliance are the norm

    * Generally disinterested but pockets and channels for agitation

    * Collaborative working well established

    Business Support

    * Low take up of subsidised funding e.g. BUGS (26% 6/2010 against target 60%)

    * Money made available without necessarily embedding the knowledge

    * Difficult to identify myriad of sources

    * Well established networks and support agencies

    Attitude to risk

    * Followers rather than innovators

    * Initial response typically 'yes' although this does not signal commitment

    * Anesthetized by historical longevity of employment and prevalence of public sector e.g. UK and Saudi Arabia

    Wealth Creation

    * Should not be conspicuous

    * May literally hide money in the ground

    * Few overt role models

    * Immature banking habit

    * Hard due to large families that need to be provided for

    * More through governmental initiatives & perks than entrepreneurship or business roles

    * Materialistic

    * Personality Brands e.g. Richard Branson

    * But backlash to excesses e.g. bankers

    Profit Motive

    * Trader mentality focused on 'doing the deal' irrespective of economic fundamentals

    * May be seduced by volume and attraction of new v existing customers

    Symbols of Success

    * Fat and apparently happy

    * Cars are OK

    * Housing

    * Private schools for children

    * Shopping in supermarkets

    * Usually some form of conspicuous consumption such as cars/wives/

    homes/holidays/media attention Entrepreneurship

    * Usually runs in parallel to existing employment

    * Few role models or heroes

    * Strong regional focus (3)

    * Still a minority of the working population

    * Currently being squeezed by corporate downsizing and declining asset values of. houses and pensions

    Scaling the Opportunity

    * Little experience beyond sole trader

    * May be just enjoying the lifestyle the business supports

    * Franchising models available

    Migration

    * Little desire to permanently live abroad, most students return to their countries

    * The world is a playground.

    Who Should Attend ?

    Thelearningtobefearless advocates that you belong to any of this you should consider attending such skill enhancement programs. Small business owners, customer service representatives, technical and support personnel, field service representatives, account managers, credit and billing specialists, as well as managers who want service excellence training.

    How You Will Benefit ?

    You would be able to deliver better, faster service, and increase customer satisfaction through a customer service excellence seminar. You will learn how to gain repeat business in Tuas Singapore.

    In addition to all this you should often check the Government jobs portal that aims to provide Singaporeans and  Permanent Residents (PRs) with free job search service that matches them to jobs based on their relevant skills.