Not many.
One of the main differences between Asian business culture and Western business culture is that Asian businesses are mainly handled by one huge family whereas Western businesses are handled by huge organizations. This is the reason why Asian businesses do not survive very long as compared to Western businesses. Most Asians would prefer their children to take over their businesses, and hopes that they will continue the same business ethics and cultures. Some children may enjoy taking over the businesses, but for most of them, they find it a huge burden and they are not able to find their own passions.
Assuming they can do this to their 2nd generation, what are the odds that the 3rd generation will take over the business as well?
On the other hand, The Westerners would prefer to sell their businesses off and create trust funds for their children. Some of the 2nd generation fail to appreciate the wealth, and became poorer than their parents; for most, they are able to create their own wealth with their passion and financial help given by their parents.
Most importantly, the business prevails over decades, that is why we are still able to drink Heineken, smoke American Tobacco cigarettes, and even have LV, Chanel, Burberry and Gucci for so long.
So, which is better, to let go, or to persist? =)
It is definitely not easy to let go of something that we want to pursue, or something that we have practiced for long. After all, human is a creature of habit. But well, when something is rotten, it is better to let it go than to brew a recipe of disaster. It's better to let go at its peak, than to let it go at its worst.
Let go of what you think you know, only then you will be able to learn what you do not know. =)
