Growth Strategies

I've got the George Baily complex--should I run my father's long-running business even though I don't want to?

Guest Writer
min read
Opinions expressed by Entrepreneur contributors are their own.

Tony,

Wow . . . a lot of emotional decisions to make, on which I am no expert.

On the business side though, my suggestion is to run the existing company, turn it into something great and then sell it and fund your new idea.  Remember: The biggest challenge with running a family business is the question of whether senior family members let you run it as your own.

If not, then go do your own thing.

From a pure financial viewpoint, you will generally make a lot more money a lot faster over-hauling an existing average business than you will starting something from scratch.

All the Best
Brad

More from Entrepreneur

Jon Horowitz is dedicated to helping brands with grow their social footprint by aligning with influencers and creating innovative content.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Are you paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.

Latest on Entrepreneur