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

Nope they're not adults.

And it's a one-man consulting business so I can't outsource or hire someone to babysit the business until they're of age to decide. I don't even know that selling it is an option since I've got a lot of specialized knowledge.

I'd be willing to ease my kids into it over a few years, but I think it would be too long to transition to a buyer.