SALES aren't the leading problem of why businesses crumble, but succession is. Many founders struggle to pass on their businesses to their children and the younger generations — a topic touched upon at the opening of SMX Academix.
The event featured renowned speakers Francis Kong and Raymund Sanchez. For Kong, businesses that failed to prepare the process of passing down their businesses to the future generation were setting themselves up for failure. This entails understanding generational differences and adapting to the changes of the modern world.
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