Quote Originally Posted by Tommy knocker View Post
I have worked for 3 family owned shops, as a tech, at which the son inherited a company started and built by the father. I left the first 2 to avoid the cliff. One of those is out of business now. One skates on the edge of bankruptcy selling off properties aquired by the father to stay afloat. I will with hold comment on the third for now. But in my experience 2 out of 3 times the son has no appreciation for what the father had to do to get where the son landed. The son expects what his father earned. Demands what his father requested of those around him. And rejects wisdom of those who would help him. Can't say all are like this but I have yet to find one that prospers after the reigns are passed. Survive? Perhaps. Prosper and grow? Nope.
Yep.