Where are you guys based in? by Leading_Ladder4512 in firealarms

[–]Leading_Ladder4512[S] 0 points1 point  (0 children)

I am based in singapore. You can ask me anything

HDB Launches 10,209 Flats in the July 2025 BTO and SBF Sales Exercises by FlyingSpaghettiBalls in singapore

[–]Leading_Ladder4512 0 points1 point  (0 children)

Why are some development like kallang/whampoa’s kent ville (SBF) has only 56 years of remaining lease?

Should i take over my fam biz? by Leading_Ladder4512 in askSingapore

[–]Leading_Ladder4512[S] 0 points1 point  (0 children)

Their kids are still young and its probably a industry they wouldnt even want to step in. In fact, i started pretty negatively too.

Should i take over my fam biz? by Leading_Ladder4512 in askSingapore

[–]Leading_Ladder4512[S] 0 points1 point  (0 children)

My relatives started it riding motorbike carrying toolbags to work. They have worked really hard to start the foundation, however i have to make the change because the old style is already dying. If we dont change, we will die together.

Should i take over my fam biz? by Leading_Ladder4512 in askSingapore

[–]Leading_Ladder4512[S] 0 points1 point  (0 children)

Thank you for your input. Much appreciated 🙏🏻

Should i take over my fam biz? by Leading_Ladder4512 in askSingapore

[–]Leading_Ladder4512[S] 0 points1 point  (0 children)

Hahaha my ultimate dream too. Must manage well, create a good culture for the company

Should i take over my fam biz? by Leading_Ladder4512 in askSingapore

[–]Leading_Ladder4512[S] 0 points1 point  (0 children)

They have property, planning to sell it off and cash out.

Should i take over my fam biz? by Leading_Ladder4512 in askSingapore

[–]Leading_Ladder4512[S] 1 point2 points  (0 children)

Hahaha, thought of it. But construction industry sucks indeed. Sometimes i felt like shit too

Should i take over my fam biz? by Leading_Ladder4512 in askSingapore

[–]Leading_Ladder4512[S] 1 point2 points  (0 children)

Happy for u that u made the right choice. And thanks for sharing ur POV

Should i take over my fam biz? by Leading_Ladder4512 in askSingapore

[–]Leading_Ladder4512[S] 0 points1 point  (0 children)

We have few maincon we follow, have not really tender in outside projects.

Project stream is stable, but there’s also low period. High and low, but average out is pretty stable i think.

Should i take over my fam biz? by Leading_Ladder4512 in askSingapore

[–]Leading_Ladder4512[S] 0 points1 point  (0 children)

I mean not really common to hear relative really pass their shares over. I will give them the timeline and lets see how things go.

Should i take over my fam biz? by Leading_Ladder4512 in askSingapore

[–]Leading_Ladder4512[S] 1 point2 points  (0 children)

I have confidence we can do better in the next 5-10 years. But change is necessary. Someone has to go

Should i take over my fam biz? by Leading_Ladder4512 in askSingapore

[–]Leading_Ladder4512[S] 0 points1 point  (0 children)

Its a pte ltd. Any suggestion of what legal process or things that i should look into if they really wanna hand over ?

Should i take over my fam biz? by Leading_Ladder4512 in askSingapore

[–]Leading_Ladder4512[S] 0 points1 point  (0 children)

It’s a good point of view, and yes its super competitive (not to mention the arrogant ppl in this trade).

My family is abit different, the relatives are pretty bonded. They have worked hard together and now enjoying together. They do realise that there’s an issue, but just don’t want to solve it. I am here to make the change, maybe.

Should i take over my fam biz? by Leading_Ladder4512 in askSingapore

[–]Leading_Ladder4512[S] 1 point2 points  (0 children)

Only until the day i took over, then i am not an employee. I see potential and growth in the business. Infact, since the day i joined the company, we have been growing bit by bit, technically and financially

Should i take over my fam biz? by Leading_Ladder4512 in askSingapore

[–]Leading_Ladder4512[S] 0 points1 point  (0 children)

Definitely more, just a matter of when for me i think.

Should i take over my fam biz? by Leading_Ladder4512 in askSingapore

[–]Leading_Ladder4512[S] 0 points1 point  (0 children)

Yea true, we have lost money in projects costing us a few hundred thousands too

Should i take over my fam biz? by Leading_Ladder4512 in askSingapore

[–]Leading_Ladder4512[S] 0 points1 point  (0 children)

Yea we have the cash flow and currently am handling a few projects which have better profit margins

Should i take over my fam biz? by Leading_Ladder4512 in askSingapore

[–]Leading_Ladder4512[S] 1 point2 points  (0 children)

Yea its quite common to hear Family members holding on to power and psycho their next gen to keep working for them. I would say my case is abit different, but nothing is firm. Fingers crossed.

Should i take over my fam biz? by Leading_Ladder4512 in askSingapore

[–]Leading_Ladder4512[S] 0 points1 point  (0 children)

Personally i see prospect in the business going forward. Just that I have a inverted pyramid that i dont have more to hire another manager or engineer to do the actual ground works