Imagine having spent one’s entire life - time and money - into building a business, with the assumption or hope that their children will want to inherit and keep the enterprise within the family, only to be surprised to learn their kids aren't interested in taking over the family business. What can businesses do - fold it up?

There is another option and Prime Time's Timothy Go and Bharati Jagdish recently spoke with Daniel Lee, Senior Consultant, Nihon M&A Center Singapore on how succession planning can ensure the survival of your legacy and family business.