For too many people, staying in the family business is the easy way to worm out of difficulties of adult life: finding a place where you fit in, discovering what you love to do, and living with the fear of rejection. Especially today, with a dried-up job market, the family business is a way of avoiding a difficult job hunt.
I worked in a family business – a bookstore. I started when I was eight, selecting titles for the early reader section, and by the end of college I was a walking card catalogue. After so many years, I was the heir apparent to the store. But I wanted to do something else. I just wasn’t sure what.
Fifteen years and three careers later, I am certain that there are three things you should do before you decide to settle down with your family business for the long haul:
1. Figure out your dream job. Don’t worry about being realistic. Rock star, movie producer, politician: everything is fair game. Then decide if you want to go down the path to fulfill that dream. Don’t feel bad if the dream is impossible – many dreams are not realistic, but they contain gems of truth. For example, someone who dreams of being a rock star probably wants to be creative at work. The exercise of dreaming helps you to figure out your core needs. Once you know these needs, take an honest look at the family business. If you cannot fulfill your core needs in the family business, you should leave.
2. Get a job. Even if you are sure you’ll stay in the family business, get a job outside of the business. Job hunting sucks, which is why you should do it. The process is humbling and scary because on one level, you are asking someone to pay you to work so you can eat; at another level, job hunting requires understanding yourself well enough to talk about your dreams, your strengths, and your weaknesses. You need to experience what it is like to ask for a day off from someone who doesn’t love you. Working for someone outside your family helps you to interact effectively with all people outside your family. This process is a rite of passage, and if you don’t go through it, you risk stunted growth.
3. Take a large risk. If the entrepreneur is on the high end of the risk-taking scale, the kid who stays in the family business is on the low end. At the end of life, the thing people most often say they regret is not taking enough risks. Make sure that staying in the family business will not make you wish later that you were a risk taker. If you take a large risk early on, then you can be more certain that you are not staying in the family business because you are scared of taking risks. Risks are different for everyone – a mountain for one person is a molehill for another. Find something that scares you and do it.
Adult life is about learning what matters to you and creating a life that reflects your values. In order to know what’s important, though, you need to see the world. Take time to establish yourself independently from your family – at least for a while – so you can see yourself more clearly. Whether you stay in the family business or go somewhere else, you’ll be a happier person for making the decision honestly.









Sometimes the biggest risk may be jumping into the family business with both feet. As you mention there are issues about limiting your career choices, but the biggest risk may be in dealing with other family members who are jealous or feel that they are the ones who should be taking over a family business. The risk of alienating family members may be one of the greatest deterrents to younger generations of family members joining family businesses.
Posted by James Stephenson on 08/04/2008 at 05:59pm | permalink | Reply to this comment
25 years ago my family invited me to come work in their Video Store. I first helped by working for free for a year then managed the store. The stores were very successful and four more stores were added. My dream of opening a health club happened. I planned the entire project and when it opened my brother decided he needed to become friends with the employees. Soon I had no one to work weekends and everyone wanted to be my brothers favorite. Since it became me or my brothers friends I was out. My brother had given me 10 percent of the company so they gave me a building to get rid of me.After the business lost 200,000.00 I came back and cleaned up the mess. I was back in, I ran the business successfully and even opened a second club. history has repeated itself. I was dumb I trusted my family and now I have nothing to fall back on.
Posted by Terri on 12/02/2008 at 09:43pm | permalink | Reply to this comment
nice information thank you..
Posted by business on 01/17/2009 at 03:02pm | permalink | Reply to this comment
The one business I finally settled on was Affiliate Marketing. If you are not familiar with what it is, it is where a person sells items on the Internet that he/she doesn't own. These come from other companies who have affiliiate programs. The person selling the product gets a per cent of the sale
Posted by Roth Ira Accounts on 08/15/2009 at 10:37am | permalink | Reply to this comment
It's always a tough one this – mixing family and business (or even friends and business) can be a tricky tightrope to walk. Sure there are massive plus points, but the downside is that it can be truly nightmarish to sort out problems, especially if they're caused by someone within the family.
Posted by Freelance telesales agents on 03/27/2009 at 02:35pm | permalink | Reply to this comment
I located your blog on google and really appreciate your posts. I have added you to my Google News Reader. I really look forward to reading more posts from you.
Posted by Loan Modification on 03/31/2009 at 08:21am | permalink | Reply to this comment
I am sure that doing family business has pros and cons. Our family does not have a business for me to follow, then I have to fight my own way to make things work. Which is not bad for me! This made me not rely on my family and made me very independent! But at the same time, I always wish that we did have a family business that we could hand down to our kids:-)
Posted by Chicago Realtor on 04/06/2009 at 01:28pm | permalink | Reply to this comment
I haven't been to your site before but it certainly has some really really awesome stuff. Great work with it. i certainly agree with your article here. One of my cousins did something similar. And she eventually found out that she was really needed. it's some thing that would come across when your service goes missing.
Posted by finance review on 04/20/2009 at 09:39pm | permalink | Reply to this comment
as an an entrepreneur with 4 kids, these are some of the issues my kids will be facing. some good advice for them that i can share.
Posted by Sushi Restaurant in Murrieta on 06/03/2009 at 01:20am | permalink | Reply to this comment
Very nice information. Thanks for sharing.
Posted by james kevin on 06/04/2009 at 02:56am | permalink | Reply to this comment
Hey I am new to this ,But found this very useful.I will Subscribe your feeds.
Posted by Dave on 06/06/2009 at 08:04am | permalink | Reply to this comment
Well family business is something which gives good back up for some whilst giving a pain in the a** to the others. I think it really depends on your thoughts and the way you look at it and your ambitions .
Posted by Card Offers on 06/09/2009 at 03:17am | permalink | Reply to this comment
I enjoyed reading your post and thanks for the information!
Posted by Small Business Resource Center on 06/09/2009 at 07:14am | permalink | Reply to this comment
It was interesting to read trough :-) keep up the good work and thanks for all the tips.
Posted by timur senga on 06/13/2009 at 11:34am | permalink | Reply to this comment
great stuff, cheers!
Posted by Kelly on 06/27/2009 at 09:56am | permalink | Reply to this comment
Very useful information. Thanks for this. You got a great blog
Posted by Martin Hemmer on 07/10/2009 at 06:22pm | permalink | Reply to this comment
Education is a social process. Education is growth. Education is, not a preparation for life; education is life itself.
Posted by om poster on 07/20/2009 at 10:18pm | permalink | Reply to this comment
As an owner of a family run business myself, I think I have a good idea of where you are coming from.
IT takes nerve to leave the family heritage (if there is any). I can only hope that one day my kids will be running my business successfully, and I think i would feel some hurt if any, if not all my children decided to go in different paths. However, they are my children and they should be happy.
I have startedLos Angeles Locksmiths from the ground up, and hope that my kids will be able to live great lives from all the hard work I am putting into it.
Posted by LA Locksmiths on 07/21/2009 at 07:22pm | permalink | Reply to this comment
I like your blog where i can find rss
Posted by press release script on 07/26/2009 at 04:37am | permalink | Reply to this comment
Hey, you have a really awesome blog. I really like it. Great advice here. I've got a friend who is involved in his family business. But doesn't like the whole thing. I can tell him about this. Thanks.
Posted by load song on 07/31/2009 at 11:07pm | permalink | Reply to this comment
Being retired, you get to have a lot of time on your hands. I did volunteer work, completed my Masters in Computer Science, read, watched TV, but wanted to do something to occupy my time, plus bring in income. Having just received my Masters in Computer Science, I wanted to take advantage of it, so I started looking on the internet for a computer based home business.
Posted by Earn Quick Cash on 08/15/2009 at 10:35am | permalink | Reply to this comment
interesting information. but really nice and good point However I don't have a family business
Posted by amber on 08/26/2009 at 12:04am | permalink | Reply to this comment
For me it would have been easier NOT having a family business. As an only child (20 yrs ago) I somehow feel this absolute to make my parents proud even if it means sacrificing what I want, which I don't even know what that is. Thing is, I started the business with my father a couple years ago (still critical where I am needed to help run it) and and feeling more and more lost in life. Especially since I hate what I do. I dream of just leaving my life behind to experience one that I've never had. A life where I don't put my parents wishes for me first over the wishes for myself. In the business I have I would be set. Never have to worry about money or losing my job. As I get older I feel more and more lost and tried to make myself believe this is what I want. If I don't know myself, how do I know that this may actually be what I want or even what I don't want.
I have nothing holding me back, i.e. responsibilities, spouse/children, obligations or commitments except the fact that I would lose the relationship I have with my parents.
My short story may sound very sad and depressing, but reading this article helps me to realize that what I think I need to do is what I actually need to do.
Posted by Melissa on 09/07/2009 at 08:30pm | permalink | Reply to this comment
wow way cool products!
Posted by Ronda on 09/26/2009 at 11:49am | permalink | Reply to this comment
Really good blog you have here. I found you on yahoo. I am going to add you to my google reader.
Posted by Mike Poplar on 11/07/2009 at 07:12pm | permalink | Reply to this comment
Every man is the builder of a temple called his body.
Posted by otes on 11/19/2009 at 05:48pm | permalink | Reply to this comment
Bravo, great article. Thanks for the effort to put it together.
Posted by Coupon Script on 12/04/2009 at 05:41pm | permalink | Reply to this comment
Well that was a awesome read, thanks dean
Posted by Anonymous on 12/06/2009 at 11:18am | permalink | Reply to this comment
I found your blog on google and read a few of your other posts. I just added you to my Google News Reader. Keep up the good work Look forward to reading more from you in the future.
Posted by 2base-tl on 01/07/2010 at 08:37am | permalink | Reply to this comment
I just gave my notice to my father last night. It was the hardest thing I have ever done. The family business is all I have ever known. I feel like I have given up and let everyone down by leaving. But I just can't see the light at the end of the tunnel. I'm constantly trying to do what is right for the business and what my father wants that I feel my needs are not being met. I'm working towards his retirement and not mine. And although that may sound selfish…I am expected to buy the business and by that time I am 40 with a large financial commitment, just begining to work towards my retirement. I feel like I am buying myself a job…that I will work even harder at then I am now. So finally I have decided to leave. I'm scared but I also know today is the rest of MY life. I'm not sure how things could have been different…family businesses are very complicated relationships. We know how to emotionally manipulate each other into certain situations and it becomes very unhealthy. I'm hoping our father son relationship will benefit from my departure, but at this point it has to get worse before it can get better.
Posted by 67 vanner on 01/13/2010 at 09:54am | permalink | Reply to this comment
Success comes only from discipline training and loving your work. Great blog, fantastic informations. thanks.
Posted by professional seo on 02/27/2010 at 11:26am | permalink | Reply to this comment