I have the option for starting a career at Exxon Mobile. It is tempting of course. Young chicks all over, own desk, fitness pass and all that jazz! On the other hand my father is begging me to take over his Grocery Store. It needs a lot of TenderLoveandCare as it is a little shabby now. And if I run it right I probably can back out after 10-15 years. But until that time...old ladies and people drinking 50 cans of beer a day and stupid truckdrivers.... Do you know what I want to hear?
2007-03-26 20:26:40 · 8 answers · asked by Shabba 2 in Business & Finance ➔ Careers & Employment
try to do both. work for a while, then take over the business after. its nice to be your own boss. :)
2007-03-26 20:32:54 · answer #1 · answered by engineerpat 2 · 1⤊ 0⤋
Purely my opinion but if you did the Exxon job for a few years you would always have it on your CV and keep your options open later. Having worked for both large and small companies there are merits to each and after a couple of years you might decide you want to be in charge of your own destiny / be your own boss, in which case you'll be able to take over the Family Business with no doubts or regrets. If you went direct to the family business now I think you would constantly question your decision and find it hard to jump back into the rat race later on...
2007-03-26 23:58:46 · answer #2 · answered by Anonymous · 2⤊ 0⤋
depending where the grocery store is located, what the demographic is like and the competition then the grocery store may be OK
in any event you should make the decision thats right for you, not right for your father. it may be his dream to hand hois business over to you... it could become your dream, it could also be your nightmare.
its hard work, long hours
the only way to make money is to cut costs, you need to have a certain level of sales to make money.
you have the potential issue of your father letting go.
If I was you Id work for Exxon for a few years, get a view on what corporate work is about. see the world see the horizons above the grocery store. it may be that you decide you want to work in the shop.. fine thats your choice.. but make your decision after you've sampled the other proposition the grocery store you probably already know.
Unless the stroe is well located and has a niche market then Id be very cautious about choosing to get involved in small store retail. the medium to long term outlook isn't clever.
depending on how your father has run his finances (ie has he been making adequate pension provision) it may make more sense for him to sell it to make sure he has adequate pension / income for your parents.
2007-03-26 20:41:29 · answer #3 · answered by Mark J 7 · 1⤊ 0⤋
mmm tough one- i've been employed by a global corporate for the last 8 years of my life and there is nothing so un-satisfying in my experience. Sure it started off as fun but you are working to the whims and wishes of the shareholders. Having your own business means that you are in control of your own destiny and make your own decisions based on what is real in your life. Of course if you don't see it that way then there is little point in taking on the business because your heart isn't in it.
What about taking the corporate life for a little bit and when you understand how sh!t it is you might appreciate the family business more?
2007-03-26 20:41:32 · answer #4 · answered by Icarus 6 · 2⤊ 0⤋
I believe that I agree with engineer, above, if the timing could work for you. That way, you'll have been out in the world "making it" for yourself, and will be in more of a position of strength when taking over the business.
Ultimately, I think that you're better off being the Indian Chief of a small business, than an Indian in a big business.
2007-03-26 20:35:13 · answer #5 · answered by Joe C 5 · 3⤊ 0⤋
of course your father and uncle do no longer concider your hubby to be an entire area of the kinfolk company. tell your hubby to strengthen a series, then locate ideal employment exterior the kinfolk. the two considered one of you will sense extra ideal approximately yourselves, alongside with showing your father and uncle which you would be able to stand on your very own. I assure you that they are going to word and get exhilaration from your ability to function exterior the area of the kinfolk. Then they are going to be extra mushy in sharing the kinfolk company. additionally, forget approximately with regard to the non-kinfolk workers, they're in basic terms employed to assist advance the kinfolk, while it is now no longer the case they are going to be terminated besides.
2016-10-20 12:54:59 · answer #6 · answered by Erika 4 · 0⤊ 0⤋
take over the business, you can then do whatever you want with it, expand, sell up ,diversify etc.
working for a huge company isn't all it's cracked up to be, you'll get much more satisfaction from making money for yourself as opposed to making money for the company shareholders in return for a salary.
2007-03-26 20:37:17 · answer #7 · answered by ben 4 · 1⤊ 0⤋
Do what you want to do most. Follow your own dreams and not the dreams of others.
My family wanted me to take over the family business but i declined because it simply wasn't my dreams. I wanted to pursue other things, so my advice is ' Do what you want to do'.
2007-03-26 21:19:59 · answer #8 · answered by minger 1 · 1⤊ 0⤋