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?
Commitment. Responsibility. And knowing that there’s no one to hide behind or run to to make a decision. Your decisions are what sets things in motion and that’s scary af.
Making a wrong decision and having everything that your family has built essentially burn to the ground. Destroying their reputation and life and their hard work, and maybe their retirement plans as well.
Also ask in r/familybusiness. Its a community for people in family business.