I am very passionate about owning/running a business. I could be reasonably excited about this one for various reasons, including extending the family legacy. Ultimately, I'm less glued to a certain industry, and more interested in building strong teams, building relationships, and building happy customers.That would be a tough scenario. As other posters have suggested, perhaps at that point your mother would be desperate enough that you could help her to quickly sell, rather than running the entire business.Thank you. Agreed on the time invest of 5-10. The issue I see is getting pulled in regardless. What if I’m on my own path, my father passes, and my mom calls for help. I don’t see a scenario where I tell her “sorry, mom, you’re on your own.” It very much feels like I’m getting pulled in one way or another at some point, unless it gets sold before such an event.Seems like you either have to be prepared to invest 5, maybe 10 or more years in the family business, or else walk away from it altogether. For me, would depend on if I were passionate about the business and the idea of running it or not. Also, I would rec not working with your parents. If they will give you the reins, great. If not, walk away so as to not ruin your relationship with them.
Also, how passionate are you about this business and about running a business? You certainly don’t need the money, but you are very young and might enjoy this new challenge.
Statistics: Posted by GolfnCycle — Sun Jul 28, 2024 2:33 pm — Replies 22 — Views 779