Finance

by Joji Du
(Cebu City, Philippine Islands)

Family Business Success

In order to be successful is to be flexible.

To last longer is to put in place governance.

That is accountability, responsibility and transparency.

What you will do today will be done in the succeeding generation. If you succeed because you did not pay your taxes that will be duplicated in the next generation.

So, think and always consider the next generation in making decision. Remember, your employees are depending on you.