The Chief Executive, Mr Chui Sai On, today advised young entrepreneurs to have a good business plan and to be ready to bear potential losses, but above all to value the knowledge gained from the experience.

Mr Chui said this when he visited the stalls at the Lunar New Year Fair in Tap Seac Square this afternoon, buying festive decorations, accessories and some Lunar New Year flowers.

He greeted and shook hands with many people attending the fair, wishing them prosperity, happiness and good health for the Year of the Monkey.

During the visit, Mr Chui talked with some young stall operators and shared thoughts on how to run a business. He said young entrepreneurs considering starting their own business need to have a good business plan and adequate financing. In addition, they should be mentally prepared to bear potential losses. In the end, the most important reward would be the knowledge gained from the experience, he added.

Mr Chui told stall operators he hoped the better weather conditions forecast for Macao in the next few days would draw more people to the fair and help boost sales.

To have a better grasp of Macao’s society, Mr Chui regularly visits different neighbourhoods across the city at different times of the year. The Chief Executive will continue doing such visits, going to different community areas and contacting with people from all walks of life.