• Will That Work?
  • Posts
  • 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.

This issue is brought to you by Descript

Video editing murdered your productivity. Descript resurrects it.

Timeline scrubbing ate your day. Descript eliminates the waste.

Edit video like a Word doc. Cut filler words with one click. Remove "ums" and "ahs" automatically across your entire recording. Fix mistakes by typing—no timeline hunting required.

AI voices that don't sound like robots. Fix audio without re-recording. Overdub lets you correct mistakes by typing new words. Your AI voice clone sounds like you. Change script errors in seconds, not hours. No studio needed for pickup lines.

One tool. Zero context switching. Screen recording, video editing, podcasting, and transcription in a single workspace. Publish directly to YouTube, Spotify, or export for anywhere. Collaborate in real-time—no file version chaos.

Descript users reclaim 5+ hours per project while producing content that actually ships.

Bonus: Free plan includes real power. Start with 1 hour of transcription per month. Access all core editing features. Upgrade only when you're hooked (you will be).

Stop dying in Final Cut.Try Descript free today.

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!

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
Say hi 👋 on LinkedIn

WHENEVER YOU'RE READY, HERE ARE 3 WAYS I CAN HELP YOU:

  1. No More Bosses - My book on the journey to sustainable self-employment

  2. Fractional Marketing Lead for HR Tech Vendors - Looking to scale? Leverage my expertise in driving marketing strategies and business growth.

  3. Promote to my 16,000+ subscribers by sponsoring my newsletter.

Want to ruin my day? No problem! Unsubscribe below.

Do you want to share your journey or have feedback? Just hit reply - I'd love to hear from you!