Building something new from scratch requires a new way of thinking and executing. The new age of innovation is happening at a rapid pace with abundant availability of resources.
Many of us fall into the trap of building new in an older way. This rigidity results in no willingness to change.
I am witnessing this struggle when I enter sales to my potential customers that are traditional family offices. The old guards prefer the older way, no modernization with no willingness to pay.
The new breed of Ivy League siblings talk about all things opposite to it. They have a world view and understanding of wealth distribution and monitoring.
A few who will mold themselves and transform will reap benefits from it. The others will fight over accumulated wealth allocation and distribution for better returns.