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Staying ahead in a rapidly changing world

Chan Chao Peh
Chan Chao Peh10/11/2019 6:30 AM GMT+08  • 8 min read
Staying ahead in a rapidly changing world
Max Loh, EY Singapore’s managing partner, is optimistic that there will be a steady pipeline of entrepreneurs. He believes the current downturn is a perfect time for entrepreneurs to transform and adapt to changing markets
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Max Loh, EY Singapore’s managing partner, is optimistic that there will be a steady pipeline of entrepreneurs. He believes the current downturn is a perfect time for entrepreneurs to transform and adapt to changing markets

SINGAPORE (Oct 14): In a dialogue on Sept 4 with students from the Singapore University of Social Sciences (SUSS), Prime Minister Lee Hsien Loong encouraged them to be more willing to try their hand at running their own businesses.

He acknowledged that not everyone would succeed and pointed out that people should not be ashamed if they failed. “It is not easy to do a start-up. You have to get everything together, you have to do everything yourself and, at the end, you may have the best idea in the world, [but] it may turn out not to fly. And then you just have to say ‘sorry, it didn’t work, I will try again’… I don’t think there’s any stigma, any shame attached to it, even in Singapore,” said Lee.

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