Passing your business on to your kids is overrated. Anytime I hear someone tell me about how that’s their ultimate goal with their business I smile, but inside it’s not a smile but more of a smirk.
Over the last 20 years my dad and I tried everything under the sun to have me take over his company. We never pulled it off. Like any father-son relationship we’ve had our periods of getting along and not getting along.
What really got between me taking over the company was our polar opposite personalities. My dad is a ‘get in there and get your hands dirty’ type of a business owner. He’s one that is so in love with the product that he is delivering that he is 100% convinced that, as the owner, you need to be on the production line as much as possible. It’s his belief that through direct involvement on the production side it’s possible to be the most profitable.