They same making mistakes is the perfect way to learn and get better at what you do. Things are not different for those who want to apply for the productivity solutions grant PSG in Singapore. Even though you already know that your small business is in dire need of urgent financial assistance to adopt digital solutions, how you go through the application process can work against you.
While mistakes do happen, it pays off to exercise caution before commencing the application process. And that’s what this simple guide will help you uncover today. Here are a few costly mistakes to avoid when applying for the PSG Singapore grant for SMEs.
Going about the Application Process Blindly
Although the Singapore Government is fully committed to ensure SMEs get the funds they need to adopt IT solutions and grow, it is not to say just about any business can benefit from this grant. No wonder you should never make the mistake of going about the application process without taking a close look at the set eligibility requirements.
You can only apply for the ESG PSG grant if your business is registered and operating in Singapore. Furthermore, the funds should go into purchase, lease or subscriptions of IT solutions or equipment to be used in Singapore. In short, always go through the eligibility requirements before commencing the application process.
Choosing the Wrong Pre-Approved Vendor
With so many approved vendors out there, deciding on a specific vendor can be hard. That’s why some entrepreneurs would rather settle on the first one they find in any PSG grant approved vendor list. While they might not see anything wrong with this decision, it could eventually prove costly.
To reap maximum benefits from the PSG enterprise Singapore grant, you need to figure out what your business needs are. Merely having this information at hand will go a long way in making sure you choose a vendor who best fits your business.
Never allow simple mistakes to stop you from taking advantage of the PSG solution for small and medium-sized businesses in Singapore. Take the time to do your homework and determine what goes into making an informed decision before deciding on anything. That way, you will never worry about missing out on the numerous benefits offered by the productivity solutions grant to SMEs in Singapore.
Olivia Wilson has helped several global brands, which get heard across the digital space, through result driven content & social media marketing efforts. Studying blockchains and cryptocurrencies makes her hopeful of a free and decentralized future.