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 problem was the previous generation not getting out of the way.
My dad was a great guy but terrible business man. He always talked about succession, but never wanted to give up being in charge. He had several personal issues and eventually they drove the business to fall apart.
I feel this. FIL always talks about the succession but never makes a decision. I’m now deploying for about a year because I’m just a guy who works somewhere. I’m not a business owner which has more leverage when trying to tell the national guard “no”. Place isn’t falling apart but after 25 years of paying rent, finally decided to buy a building so we had more space but instead of investing in what we do (warehousing and rebuilding product) they spend nearly $100,000 on furniture. Ignoring the lack of adequate pallet racking, safety equipment, and tools. I think he let the architect take him for a ride. I digress. Fuck.