I’m taking over the family business. I’ll be a third generation owner. I will purchase it through contract for deed.
My father told me the number one thing he wanted to do was run the business better than my grandfather. I feel the same way, and sometimes I’m not quite sure how to vent my frustrations to my father on what he could do better.
He’s a terrific businessman who had brought our family comfort. Sometimes I think he has some blind spots.
How do I approach these things without being insulting?
My experience show hardest part is making commitment.
I’ve seen children and family members who don’t want the responsibility to operate or even own business or waffle over decision.
It’s going to be your show now. Consequently, it’s up to you to determine how best to ensure a customer-centric operation.