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- The Ultimate Guide to Closing Your Singapore Business (The Wrong Way)
The Ultimate Guide to Closing Your Singapore Business (The Wrong Way)
A masterclass in corporate irresponsibility, inspired by recent events

Congratulations! Your business is failing. But why exit gracefully when you can leave a trail of chaos, unpaid wages, and shattered dreams?
Based on recent stellar examples from Singapore's F&B and creative sectors, here's your comprehensive guide to shutting down with maximum destruction.
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Step 1: Master the Art of Surprise
Timing is everything. Why give employees advance notice when you can spring it on them like a birthday party they never wanted?
The "5 pm on Wednesday" Special: Wait until your staff are wrapping up their workday before sending in the liquidators. Nothing says "we value you" like finding out you're jobless while you're still at your desk.
The "WhatsApp Night Before" Manoeuvre: Send a cryptic message at 10 pm telling workers not to come in tomorrow. Mystery is romantic!
The "Lock 'Em Out" Classic: Let your employees arrive for their shift only to find the premises repossessed. The look on their faces? Priceless. Also, you save on awkward conversations.
Pro tip: Make sure this happens right before payday. Why let them have that month's salary when they've already done the work? That's just poor business sense.
Step 2: Communication is for Amateurs
Remember: explaining yourself is a sign of weakness.
Don't tell anyone about financial difficulties beforehand
Ignore all emails and calls from affected parties
Let the liquidators do the talking (they're paid for it, after all)
Take down your social media accounts immediately—evidence is so inconvenient
If pressed, release a vague statement thanking people for their "support and partnership" without addressing anything substantial
Bonus points: Hire new employees weeks before closure. Give them hope! It builds character when they realise they'll never see that first paycheck.
Step 3: CPF? More Like "Can't Pay, Forget!"
Central Provident Fund contributions are really more of a suggestion than a legal requirement, right?
Stop paying CPF months before closure
When workers ask about it, look confused and say funds aren't "available"
Promise to pay "next month" repeatedly
Remember: it's not lying if you genuinely have no intention of following through
Step 4: The Waiting Game
Make them work for nothing—literally.
Owe workers 1-3 months of salary minimum
Tell them payment is coming "by end of the month"
Move that deadline repeatedly
Bonus: Promise a "letter of guarantee." Never send it.
The Masterstroke: String along a 74-year-old who's worked for you for over a decade. When her son insists she claim her rightful wages, drag it out through mediation while paying nothing. Chef's kiss!
Step 5: Creative Asset "Management"
If you're in the art world, you have extra opportunities for chaos!
Hold onto artists' works worth tens of thousands of dollars
Stop responding to emails about payment for sold pieces (for at least six months)
Provide vague promises when cornered
When liquidation hits, leave 14 pieces from one artist alone valued at $100,000 in limbo
Remember: These artists trusted you as partners. Weaponise that trust!
Step 6: The "Downsizing" Excuse
When media comes knocking:
Call it a "downsizing exercise"
Claim a mysterious new owner is taking over (never name them)
Promise everything will be resolved "by end of week/month" (it won't)
Insist new capital is coming and expansion is planned
Say you're "resigning" while remaining listed as director
Important: Make these statements while workers still haven't received months of back pay. The contrast is delightful.
Step 7: Maximise Vulnerability
Target those who can least afford to fight back:
Elderly workers who've given you years of service
Foreign workers who need income for rent and basic necessities
Artists who depended on you as their main income source
Part-timers who think $1,000 isn't worth pursuing legally
Their quotes make great headlines: "I will just treat it as charity," "We come from overseas to make a living," "I have no mood to work." Success!
Step 8: Legal Minimums Only (Maybe)
When unions call your behaviour "completely unacceptable and unfair":
Shrug
Sign payment agreements during mediation with no intention of honouring them
Drag your feet even after Employment Claims Tribunals order payment
Let MOM investigate you (slap on the wrist incoming!)
If you have a history of underpaying workers, don't change course now - consistency is key!
Step 9: The Aftermath
Once liquidation hits:
Let your employees apologise to clients on your behalf (they're so selfless!)
Allow liquidators to store other people's property at third-party facilities
Watch as your staff, despite being unpaid and blindsided, remain "committed to assisting the liquidation process"
Observe workers scrambling for jobs during hiring freezes
Note the ones who can't make rent next month
Beautiful irony: They're more professional in your company's death than you were during its life.
Step 10: Sleep Soundly
You've successfully:
❌ Destroyed 80+ livelihoods without warning
❌ Trapped elderly workers into treating their labour as "charity"
❌ Left artists without their main income source
❌ Caused foreign workers to stress about rent and food
❌ Made a mockery of employment laws
❌ Earned union condemnation
❌ Prompted MOM investigations
❌ Generated negative press
But hey, you saved some money on final salaries! And isn't capitalism beautiful?


Adrian Tan
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