Businessmen not only cope with government taxes, but also facing many other financial problem.

A business will grow or expand when a business gains profit. But due to many taxes and expenses paid, there would be no more reserve for a business to expand in the future.

Many businessmen usually think it this way, “High Rental so what, you are not capable to run a business, but I am able, because I think I am talented than you.” So regardless of the how expensive the rental is, they would give it a try to do business, but are they able to survived for years? Or for only few months? This clearly explained why rental in Singapore remained So high. Unless government made it compulsory for the landlords to lease out the units in a reasonable price, if business would be hard to remain survived.

Some businessmen may make use of laundry money to run a decent business and even with no profit, they will still survive, and because of black sheep, the landlords would consider leasing shop to them as they are able to afford paying them.

Small businesses in Singapore are never given a chance to be taken care of by government, because some policies form government to aid small businessmen are fruitless as the policy only benefits organisations and would have no direct impact on small businesses.

If you believe what the media and social education messages are telling you, you want to start making and saving money for your retirement and for your children’s education. Starting a business is by far not the surest way to do that.

What do people do? Get a job, save, move ahead in life. When they feel save enough, some might try to start a business.

Many friends are all gungho when talking about ideas and plan. Ask them why they don’t do it? They cite need to support family and save up first.

I’m not arguing that the system is flawed. Every system is.

Does the welfare system in Europe contribute to risk taking? I believe so. But it has other problem.

Indeed culture and socio-economical background is an important factor and in my opinion the prime factor. It isn’t going to change in months or years.

Finding ways around is an excellent point. Now how do you convince someone to find ways around supporting their children education for example?

What Singapore lack? Nothing. The people though lack the courage to let go of the safety and make a leap.

Great to see u here. :)

There is a piece written by Cobalt Paladin entitled, What is Available in Singapore?, which basically argues on the other side of the house.

I still hold the view that most Singaporeans are molly-coddled, otherwise, we should have more startups succeeding, not failing. There are many ways to bend around fundraising. Most “entrepreneurs” walk up to me and say that they fundraise for their ideas. I shook my head and look for the next idea.

yours sincerely,
BL

I love this quote. I hope people sit up and listen.

Something that I have been saying for a long time and vital to creativity is that Singapore lacks the ability to laugh at itself. Meaning that it lacks the ability to look on the lighter side of things, and not take everything and itself so seriously.