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Does anyone else keep their business going because they want to pass it on to their kids? (alien.top)

submitted 11 months ago by Low-Helicopter-2696@alien.top to c/entrepreneur@indiehackers.space

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I'm at the point where I could hang it up right now, but my main motivation is to have a profitable business to pass along to my kids.

As someone who grew up in a family of non-entrepreneurs, I always wished that there was a family business that I could take over because it was so damn hard building one from scratch.

Now that I have kids in my own, I have a real appreciation for being able to pass something along to them, although at this point I have zero idea if they'll actually want to take the business over.

Just curious if anyone else out there has a similar situation.

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[–] RotoruaFun@alien.top 1 points 11 months ago (1 children)

Nope, they’ll have their own path in life. Passing a business down the line makes many people feel obliged to continue with it and trapped.

[–] Low-Helicopter-2696@alien.top 1 points 11 months ago

Possibly, but it's a pretty easy gig. I work about 10 hours a week and this year I'll probably make $150k.

I would have killed for the opportunity to have a part-time job at a full-time income with no boss.