I know many cases of children continuing the family business these days. So it definitely happens, especially when said business is profitable and looks to continue to be.
A lot of Mom and Pop businesses go under though, that is true. Nobody wants to be on a sinking ship.
I am a case where I could have elected to continue the family business. Sometimes I wish I would have in that it is a very lucrative business with a lot of financial appeal these days. It also involves a lot of hard dirty manual labor.
I chose to go to college though and ended up an engineer. Can't complain. Maybe if I had an interest in running a business years ago, that would have turned out different.
A lot of Mom and Pop businesses go under though, that is true. Nobody wants to be on a sinking ship.
I am a case where I could have elected to continue the family business. Sometimes I wish I would have in that it is a very lucrative business with a lot of financial appeal these days. It also involves a lot of hard dirty manual labor.
I chose to go to college though and ended up an engineer. Can't complain. Maybe if I had an interest in running a business years ago, that would have turned out different.