2

As context, I'm an electrical engineering student currently working on my bachelor thesis. Also, my dad owns a business that process flat glass by doing cuts, shapes, etc. with the majority of the process automatized.

So, I'm struggling of what to do... I enjoy both things, I was a good student and built great relationships at Uni and also I've been helping him since I was like 9 years old, doing simple stuff like cleaning, move small glasses, for example until now where I can apply something I learned while studying like fixing machines (VFDs, control and power wiring, etc).

At one hand, I (will) have this career where I can work in a field that I enjoy and probably will have a more relaxed life in comparison of being independent. However, in the hypothetical case I work with my father, I would have a business that it's already established and would continue my father's hard work.

Of course I don't expect to receive a final answer about this but I would love to read some recommendations or things to think about in order to clear my mind or to have a better understanding about what things I should consider to make this "decision".

3
  • Do you know the income potential and longevity of your father's business? Is your father looking to retire in the near future?
    – Hart CO
    May 2, 2018 at 4:56
  • 2
    not VtC or downvoted but I'm pretty sure this isn't on topic here and if it is then it is still too broad.
    – MD-Tech
    May 2, 2018 at 9:01
  • Generally speaking, owning a successful business will make you far more money in the long run than as an employee. It's also harder to sell a business where the owner contributes a lot to its success. Passing a business onto your kids is a great solution. You should seriously consider working for Dad, especially if it's something you'll enjoy and excel at.
    – Rocky
    May 2, 2018 at 17:31

1 Answer 1

1

As others mentioned in comments, this is a broad subject and may attract opinionated answers; however, I shall share my views. First, you need to do a growth potential analysis of your father's business and its earning potential in the long run; your father may be able to provide you a view into this since as a businessman he would have done his analysis.

If the prospects of the business are good, you may think about taking up the business ultimately; however, before doing that, it would probably be good to have a few years (3-5) or slightly longer (depending on when your father is planning to retire) exposure to the workplace and the industry of your choice. A few years of work experience is a good thing to have as you will learn many things in a work place that will be immensely beneficial to you [like team handling, inter-personnel relations, money management, marketing/sales (of yourself, your work, team ...) and perhaps a bit of office politics :)] once you join the family business.

So one option could be to work in the industry for some years and then join the family business.

Not the answer you're looking for? Browse other questions tagged .