How to be a Business Game Changer for a Stronger 2024

In celebration of National MSME Month, Sun Life Philippines ignited a spirit of entrepreneurial excellence at its recently held event in Dusit Thani Davao, “The Winning Edge: Be a Business Game Changer for a Stronger 2024”.

The event, which was attended by over 160 Davaoeños, provided valuable insights and actionable strategies from two renowned guest speakers, Francis Kong, one of the most respected business speakers in the country, and Rex Mendoza, a renowned businessman and speaker.

“Empowering business owners with the knowledge and tools they need to thrive is part of our commitment to help our clients achieve lifetime financial security,” said Cary Casipit, Head of Client Segments Marketing of Sun Life Philippines. “We believe that by connecting them with renowned speakers and fostering a supportive community, we can enable them to achieve their full potential.”

The informative sessions highlighted key themes, such as:

1.       Doing business now is all about building communities.

As Francis Kong said during the event, “Today, we don’t create our brands; our clients are the ones who create it.” Businesses are increasingly recognizing the power of building communities. This involves fostering connections and shared experiences with customers, creating a sense of belonging and shared values. Beyond selling, this approach cultivates customer satisfaction and loyalty. No matter what stage your business is in, at the end of the day, success is marked by strong customer focus.

2.       Financial wellness is built on a sound investment strategy.

At the event, Rex Mendoza talked about the importance of financial wellness in the context of business. As a business owner, achieving financial wellness involves more than just securing profits; it’s about fostering stability and growth for the long term. Strategic investing plays a crucial role in achieving this, as this provides a more goal- focused approach. This is where a financial advisor comes in, as they will be there to help business owners come up with an investment strategy built on diversification, risk management, and sustainability.

3.       Success without succession is failure.

While achieving financial success for a business is crucial, it can be considered a hollow victory without a plan for its continuation. Both Francis Kong and Rex Mendoza emphasized the importance of succession planning during the event. By implementing a thorough succession plan, businesses can cultivate talented individuals equipped to

carry the torch, ensuring the company’s longevity.

“At Sun Life, our clients are at the heart of everything we do. This is why we came up with the Sun Future-Proof program, Sun Life’s financial planning approach that was developed specifically for business owners. The program covers both personal and business goals and was designed to address financial needs at different stages of the business,” said Casipit.

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