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.
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.
