Get All Access for $5/mo

How do I prepare myself to take over my parents' business?

By Tim Berry Edited by Dan Bova

Opinions expressed by Entrepreneur contributors are their own.

Tim Berry

Entrepreneur, Business Planner and Angel Investor

Tim Berry is the chairman of Eugene, Ore.-Palo Alto Software, which produces business-planning software. He founded Bplans.com and wrote The Plan-As-You-Go Business Plan, published by Entrepreneur Press. Berry is also a co-founder of HavePresence.com, a leader in a local angel-investment group and a judge of international business-plan competitions.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Devices

This Car Dash Display Is Only $90 Through June 26

Compatible with Apple CarPlay and Android Auto, this display is designed to make your commute safer.

Data & Recovery

This Two-Year VPN Subscription Is Only $89

Block dangerous websites and stay off sketchy networks with this VPN subscription.

Business Solutions

Set up a Team Member with Microsoft Office 2021 for Windows for Just $50

Get great versions of Microsoft Excel, PowerPoint, Access, and other beloved programs.

Business News

Amazon Is Thinking About Charging Extra for AI Alexa

"Hey Alexa, how much are you going to cost?"

Making a Change

Invest in a Lifetime of Learning for $100

Skill Success features a wide variety of e-learning courses on business, finance, and more.