CNA938 Rewind - Mind Your Money - 55% of SG family business have no succession plan
Many SME owners spend years and even decades building their businesses, but far fewer have a clear plan for what comes next. As more family-run firms in Singapore face leadership transitions and shifting priorities in the next generation, succession planning is becoming an increasingly urgent conversation. Cheryl Goh explores how business owners can balance preserving value and legacy while exploring new pathways in succession planning with Eldred Wee, Founder and Managing Director of Edenity and an M&A advisor.