The children don't want to run the family business

[makathy]

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what would happen if the children have no interest in their family business?

what would the children do if they were only forced & obligated to tend the business?

[diem]

The most likely thing that would happen when none of the children are interested in handling the family business for its future is that the family business, the management and its assets would have to be passed on to non-family members who are generally the employees or shareholders who have a invested interest in making sure that the business still runs.

Or another scenario is that the family business is stopped then sold off.

The thing about "interests" is that these are subject to change over time and circumstances. The children may not be interested in running the family business now because they're young, or busy pursuing their own goals or have no natural inclination but I believe that it's possible that maybe in the future, one or two of the children might consider getting into the family business.

What should children do if their family is "forcing" them to take part in the family business? Well first give it a try, do one's best and try to make the most of it positively, proactively but if things doesn't work out then I guess the children should have a heart-to-heart talk with the family on why they shouldn't be the ones handling the business. Madala naman sa masusing at mabuting usapan iyan.

All one needs to do is list down valid reasons why one is unfit to manage the business and how one can be more of a liability instead of an asset to the business.

One should be able to explain to the family that a present lack of interest and drive when it regards to the family business might be deterrent to its success. Then one should compromise with the family by presenting alternative ways how one can still contribute to the family business without being too involved in it and being able to pursue one's personal interests.

There are ways to convince people pleasantly and calmly. It's all about directing the discussion on doing what's best for the family business. If your family refuses to listen to you, then I guess they have social problems and it's a surprise how they should go into business when its foundation isn't capital, the sale of goods but the building and maintainance of good, productive relationships.

[krkchn]

The business would not be effective as the person would just be doing the task just for the sake of doing the work and get through the day. I believe a person should be doing what he is passionate about so he could give a 100 percent of what he could offer.

[makathy]

hmm.. i know it would be a hard decision for everyone..

sa part ng parents.. i think they don't want to go to waste all the years & hardwork that they've invested in the company.. it's one way for them to leave a legacy to their family..

sa children's part.. they really wanna help out but can't force themselves to be tied in the office all day when they can go out and explore.. go after what they really wanna do..

but here's a scenario:
let's say the family business type is construction.. and it's headed by the father who is an engineer.. then he only has 2 children.. both girls.. the older is an accountant but she already left for the states to go after her own interest.. so that leaves the youngest.. who took up engineering just to please her family (but really wanted to be a vet).. now she's feeling the pressure of the responsibility of running the business.. so what now? where does this all end up?

[diem]

@makathy, its up to the youngest daughter to decide where this would all end up for her. She's can do the following actions.

A. Know her way out. She's got to know for herself what she really wants, want makes her happy and she has to be strong in that self-knowledge in how to attain it. Is she really sure that running the construction business with her father is really an emotional dead-end? Or could it be used to support her real dreams?

Many people today hold 2 jobs, especially those who attain a good measure of success. One is usually a day job that provides for daily needs, pays the bills and savings while another is a night job or sideline which is the true passion that one pursues actively.

Who says that she can't both be a construction businesswoman and a vet? Once she can handle the family business or have somebody to handle it with her, she could then afford pursue her own studies in veterinary medicine. She could have no problem in building her own clinic since she's got the good connections.

I've got this friend who's a double major in business management engineering and economics but his heart really lies in videography. Due to his line of work, he's able to meet people and get connected, buy stuff and attend workshops to hone his videography. Now he works in a Manila advertising corporation during commercials which includes creating business marketing proposals to corporate sponsors which he applies his own education in business management engineering.

See? Learning doesn't stop after college. Learning stops usually when life ends.

She's got to know for sure if handling the construction business is a dead end or another path to acquiring her goals. She should talk to other women who's handling construction business, get their input, find out how working in that field change them, for the worse or for the better.

She's got to know.

B. Talk her way out. You say she's feeling the responsibility of running the business? How come? Did her father tell her na siya ang magdala sa negosyo in time? Is it written down na? Is this really confirmed? Or is she making too much of the hints her father is giving her?

She should have a heart to heart talk with her father. It could be a challenge. What sort of man is her father? A man who is used to having his own way? Well if he can't be swayed by emotions then confront him with reason.

Ask him how many women he knows are running a construction business, how do they fare? What is his opinions of them? Does he think that his daughter could run the business as well or even better than he did? The daughter should ask him, Dad look me in the eyes and tell me if you can see if I really want to be in this business.

C. "Work" her way out. Has she graduated, working as an engineer? Then with her own salary and financial means, she could gain some measure of independence and strength of will to face her parents.

She could say to them, "I know you love me, you raised me in love and for that same love I hope that you could understand that I need to find my own happiness and work things on my own for my own life."

[Dorothea]

The business would not be effective as the person would just be doing the task just for the sake of doing the work and get through the day. I believe a person should be doing what he is passionate about so he could give a 100 percent of what he could offer.

I so agree with this. Parents shouldn't badger their children into taking their place in running the family business kung wala gyud interes ang ilang mga anak.

[aykiman]

insik ka mam noh??hehehehe..

nya arki ka noh??hehehe..

[makathy]

aykiman: assuming.. haha.. do i look chinese in my avatar? c",)

diem: your replies are so well 'spoken' and thought out.. full of knowledge.. it's as if you have gone through the same thing.. kudos to you.. c",)

[jeeeeen]

it's hard to take care of the family business if one really isn't interested.. better to go for what you really want.. you're parents will understand..

[xidor]

Parents will understand if your not really interested..kaysa mag tuga2x ka and maguba na nuon tanan hard work nila..