^

Business

A legacy or an inheritance?

BUSINESS MATTERS BEYOND THE BOTTOM LINE - Francis J. Kong - The Philippine Star

Arturo, who is in Davao, phones his son in Manila.

“Johnny, I’ve made up my mind. I’m leaving your mother.”

Shock. Questions. Pleading. Art won’t discuss it. “Call your sister,” he says. Within the hour, airline tickets are booked; the children vow to fly down and sort things out.

Art hangs up, turns to his wife, and grins: “Worked again. But we’ll need a new idea to get them here for Christmas.”

It’s ironic – until you realize what it reveals: clever tactics can yield short-term results, but they don’t foster long-term trust. Can we really be shrewd and sly when it comes to dealing with business as well as with our family?

I’ve done business with a wide range of people. Many treat their word like gold; others require contracts thick enough to use as doorstops. And even then, veterans will tell you: there’s no such thing as a foolproof contract. Loopholes exist because cleverness exists. But clever is not the same as wise.

You can cheat your way to a headline, but you cannot cheat your way to a life. “Fake it till you make it” is not necessarily a formula for long-term success. My argument here is that even if you attain temporary victory, you might still be a fake.

Winners know that there are no shortcuts that don’t come with a price later. Talent, cleverness and intelligence open doors, but character keeps you in the room.

I realized early in life that my business would die with me. My speaking, training, and writing cannot be passed on to my children, and neither do they want it to. The only thing I can pass on to them is my entrepreneurship.

Entrepreneurship is not just the ability to do business; it’s more than that. Entrepreneurship requires the development of character, the ability to bounce back from adversity, proper work ethics, maintaining credibility and a good reputation, serving others and good citizenship.

I have to the best of my ability and by the grace of God pass on to my kids the following principles in life that can help them achieve long-term success:

Love God. Love neighbor. Family is your nearest neighbor. Don’t trade their well-being for applause from strangers.

Guard your name. Lose money if you must; don’t lose your reputation. Be respected for trustworthiness, not admired for shrewdness.

Honor the process. Work hard. Learn hard. Don’t go around adversity; go through it.

So I do not leave them an inheritance. I will leave them a legacy.

Learn the lesson unfolding right before us. All the luxury accouterments the young children of shrewd parents flaunt in their Instagram posts are mere inheritance, but the shame and dishonor of truth discovery become their legacy.

Watches, wheels, super-expensive meals and dinners, and weekends on a helipad don’t prove success; they often expose a subsidy.

A business can be transferred; entrepreneurship cannot. You can deed a company; you cannot deed a character. If what we pass down most efficiently is greed, then we haven’t raised heirs, we’ve manufactured a new generation of takers.

Scripture talks about two roads. One is wide, crowded, and easy; it promises shortcuts and ends in ruin. The other is narrow, costly, and purposeful; it leads to life. Every decision is a lane change. In which direction are we steering our children?

I’ve lived long enough to watch the market crown and cancel its darlings, to see “business is business” used as a preface to something regrettable. Time is a merciless auditor. It tells the truth about shortcuts, balance sheets and borrowed halos.

If my Creator called me home, what then? Suppose I left money, properties, investments, timepieces, and divided them fairly among the children. I wouldn’t know if they’d multiply it or torch it, wear the watches or pawn them, keep the homes or flip them. Those are inheritance questions.

But did they learn to love God and family? Will they keep their word when it costs? Will they be positive influences who make this country better?

If the answer is yes, then I haven’t just left an inheritance; I’ve left a legacy.

Look at the world being handed to the next generation. It isn’t quiet. It rewards spectacle. It praises “shrewd” moves that trade tomorrow’s trust for today’s clicks.

Our job is to model a different arithmetic: trust over tricks, service over selfies, purpose over posing.

Inheritance is what you leave to people – assets they can spend.

Legacy is what you leave in people – convictions they can live by.

One fades with inflation and fashion, the other compounds in the dark.

I don’t know what my children will do with every peso or property. But I pray they’ll carry something weightier: faith that anchors, a name that opens doors because it’s trusted, and a bias toward the hard right over the easy wrong.

If they walk that narrow road, they’ll build lives and a nation worth inheriting.

Clever may be able to get them home for the holidays. Character will get them home – for good.

Catch Kongversations with Francis on YouTube and all major podcast platforms – Spotify, Apple Podcasts, Google Podcasts, and more. Plus, listen to Inspiring Excellence wherever you stream.

DAVAO

  • Latest
  • Trending
Latest
Latest
abtest
Recommended
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

Get Updated:

Signup for the News Round now

FORGOT PASSWORD?
SIGN IN
or sign in with