To some, the idea of inheriting a family business seems glamorous and exciting, but to others, the responsibilities associated with the role seem overwhelming, undesirable and can lead to a devastating feeling of isolation. To ensure the long-term success of the family business, when discussing the transfer to the next generation, it is important that the next gen member is willing to take on the new responsibility.
You want another one? What’s up?
I, um, I can’t tell you about my situation, about my problem. Because you’ll just say that you don’t get it.
Ok, try me, I mean, we’re best friends right? We don’t keep secrets.
You know how my parents own a business?
They just passed me a share of the ownership.
You own a part of that now? You are mad! Um, sorry, drinks are on him tonight!
No, no no.
All of them.
It’s not that simple. It’s not money to spend, it’s like a responsibility. It’s a legacy, it’s something that I’ve been entrusted with. Way bigger than just me.
You’re gonna be richer than all of us. Enjoy it! I mean, look, please, share the wealth, but hey, this means that you’re gonna have fun for the rest of your life.
It means a lot of thinking. A lot of talking. Big decisions, I got a big road ahead of me.
Man, you are so serious about this, I just, I don’t get it.
See? I knew you were going to say that.