There are various startup schemes and government grants provided by the government in Little India Singapore that you can benefit from. There are a number of business support grants for companies to help them overcome obstacles in their growth. Overall aim of these grants is to help businesses in capability upgrading and internationalization.
Government knows the important role that its startups and SMEs play in its economy and hence support these entities with business support grants. Financing is one of the most fundamental aspects of starting and growing your business. There are hundreds of government grants available for small businesses that help in saving money, lowering startup costs and helping grow your business.
Business support grants are small amount of seed money that further the goals of federal, state, or non-profit organizations. Unlike a loan, you don’t have to repay it. Most business support grants in Little India are awarded to help launch a start-up or new business, with the aim to generate jobs and stimulate the economy. There are fewer grants available for established businesses.
Income Support For Permanent Residents And Citizens
Government can assist businesses in two ways- financial help and administrative support. Understand what government grants are available to businesses. Grants are available to sole traders, partnership, limited companies and social enterprises.
Now grants aren’t just government funded as more and more organizations develop grants program in Little India. Grants are now offered by government, private agencies, universities, corporations and humanitarians.
Business grants are available in all kinds of forms. Generally, business support grants are either a direct grant, equity finance or a soft loan. Direct grant is money given to your new business to cover startup essentials such as investment in equipment, training or reaching new markets. Equity finance, not strictly a grant, offers reduction in income tax on investment made in new businesses. Soft loans are actually loans with lower interest rates and more generous terms than other lending.
It is important for companies to develop a good training program to keep their staff motivated. Training may cover a wide range of reasons from new-hire training about your operation, to introducing a new concept to a workgroup to bringing in a new computer system.
Whatever the reason for conducting a training session, it is a must that a comprehensive, ongoing and consistent training program be developed in order to keep your staff motivated about learning new concepts and keeping your department profitable.
A formal new-hire training program, with an overview of the job expectations and performance skills needed to perform the job functions, is an essential part of a complete training program.
A new-hire training program provides essential knowledge and understanding of the position and how the position fits within the organizational structure. The new associate will better understand their impact on the organization if he or she has good background knowledge of how one workgroup interrelates with ancillary departments.
A good and reliable new-hire training program starts with the creation of a sound and comprehensive training manual. A manager or supervisor must keep the associate in mind while writing the training manual.
It is also important that it is interesting so the associate will actually read it. It is highly advisable to use graphics and to deviate from normal "corporate" language. In computer training, it is essential to incorporate a visual image of a computer screen to illustrate a function.A good training manual must act as a building block of practical and technical skills needed to prepare the new individual for his or her position.
A manager or supervisor must ensure the department manuals are kept current in order for the department to understand current policies and procedures. It must also include any system enhancements and/or change in policy or procedure.
On the Job Training or OJT is another form of a new-hire training program wherein a potential associate trains directly next to an existing associate. OJTs allow the new associate to see first hand the different facets of the position.
Through an OJT, the new-hire will have the opportunity to develop a working relationship with an existing associate. Concepts learned in the initial training are reinforced through OJTs. Continuing education is another aspect of a comprehensive training program. In fact, a good training program should make it an ongoing responsibility of the associate in a department. Continuing education will keep all staff members current about policies, procedures and the technology used in the department.Studies have shown that associates will only retain approximately 40 percent of the information learned in the initial training session.
That's why a continuing education program for a department is just as important as the new-hire training. A continuous effort, either formal or informal, must be placed on reminding the staff about various procedures and concepts.Common practice on informing associates about the need for continuing education often includes a member of management sending a memo to each associate.
Another, more informal way is to send a one-page information sheet to staff. The information sheet, called a training alert, should be informative and presented in a non-threatening manner. If the policy or procedure changes, therefore, the informal approach would better prepare the department to receive this presentation.With a new-hire and continuous education as part of your company's training program, you could be sure that your associates will grow well in your company.
Topics Covered in New Employee Training Programs
Many programs can assist small business to access professional advice and support in critical early stages of establishing a business. While there are a lot of grants available, getting a business support grant from the government can be a challenge. Government grants are often complex with lots of processes and stages, and each grant will have its own requirements and criteria for applying.
While being awarded a grant is winning, they are notoriously hard to acquire. Not only are grants programs highly competitive, they can take months to process. Aside from finding one you’d be eligible for, you have to compete with other companies for the same. The other downside is that grants usually come with specific instructions on how you can use the money.
A grant for companies in Little India Singapore can give your business a huge leg up and can be a great alternative to traditional finance. To apply for grants, first become familiar with the process. Eligibility for grants will vary depending on the grant in question.
Do your research. Identify programs that are a match for your business. Apply for the grant and submit eligibility requirements. Keep in mind that you’ll need to meet certain criteria to be eligible.
How does someone qualify as a veteran? What jobs await these veterans when they return home injured and disabled for life? What benefits does a veteran qualify for? What is Veteran job training and can it help a veteran? These questions may have bothered you while watching that news about soldiers, medics, engineers, and other military personnel going to war and then getting disabled for life.
You might have pitied their situation and wished there was something you could do for them. The fact is, it is not unusual that a veteran who returned from the war would have post-war trauma. In some cases, because of the trauma that the war causes, the veteran becomes homeless and sometimes completely disabled physically and mentally.
Any military service member who served the army for 180 days during both peace and war-time is entitled to have the veteran status as long he or she was given an honorable or general discharge. Upon receiving the veteran status, this person can avail of the different benefits that the government offers for this war heroes and heroines.
Veteran benefits vary greatly from one veteran to another depending on the degree of disability, time served, number of dependents and other factors. Here is a list of different benefits that a veteran will receive once he or she returns home:
• Disability Benefits. A veteran who was injured during active duty is entitled to receive disability benefits. The amount is tax-free and is dependent on the degree of disability received by the veteran.
• Health Care. The Department of Veteran Affairs will provide veterans low-cost health care packages once they enroll themselves in the VA Health Care System. The benefit includes free dental treatment, counseling sessions, for post war trauma and other neurological disorder because of the war, and more.
• Pension. This is usually for veterans who are over 65 years old or those who were totally disabled because of active duty. The amount may vary on the number of the veteran's dependents.
Jobs for Veterans
Sometimes instead of providing pensions and monthly stipends, the VA resort to providing Veteran job training. The Veteran job training program is also a way to encourage those veterans who were partly disabled by the war to return to society. The Veteran job training program was created to encourage veterans to try to live their lives normally despite of the injury, trauma or disability they have received. The VA focuses on skills that neglect the use of the veteran's disabled part. Here is a short list of different programs that the VA Veteran job training program offers:
• Basic Computer Literacy
• Computer related courses such computer repair, application, network and computer systems, support, office and administration support and database administrators
• Culinary Arts Training Program
• Healthcare training programs such EMT basic training, medical support specialists and medical assistant.
• Specialist for Inventory Control Training Program
• Basic Website Designs Training Program
After the veteran successfully finished one or a few of these training programs; they will not be left alone. The VA also promises to help the veterans search for jobs and job placement. The VA also ensures that veterans who choose to reintegrate themselves to the society are constantly followed up for the next nine months.
Each scheme is different. Check you meet the general terms and conditions. Talk to the grant body to assess chances of success. Read grant objectives carefully. Have a great business plan.