(Aug 26): Sydney Teo did not want to join his family’s business, Mayson Bakery, at first. He expected that making changes, for example, would be difficult, and he would have to go through several layers of approval. “I wanted to do something like sales or commodities trading, where it was more dependent on my own efforts,” says Teo in an interview with The Edge Singapore.

It was the tendering process for Mayson Bakery’s first outlet at Singapore General Hospital that brought Teo into the business. He was tasked with preparing and submitting the proposal, which won them the

space eventually. And it was from that outlet, about four years later, that Teo and his father observed changes in market conditions, which prompted them to revamp the business.

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