If you had the option to take over the "family business" what would YOU do?

etalns

Diamond Member
Dec 20, 2001
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Let's say you have two options.

A) Take over the family business, make about $200-$250k+ per annum.
B) Go to college (no loans, all of it is paid by some magical fairy!) and you get whatever you can earn.

Which would you take?

Let's assume option A is in an industry you are not a HUGE fan of, but you also don't loathe. You're rather indifferent to it. Option B would allow you to go into whatever career you wish.
 

compuwiz1

Admin Emeritus Elite Member
Oct 9, 1999
27,111
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A.
First I would "OFF" Pauly and Rico to ensure good sailing. Then I would find out who's been skimming. Next I would find out who's been skimming the skim. Finally, I'd have a meetin with all the garbage haulers and let them know that, in exchange for OUR protection, the PC (percentage off the top) is the unlimited access to their wives. ;)

I mean, sometimes da tings dat don't make any sense, suddenly make alotta sense, grip?
 

Sheepathon

Diamond Member
Oct 22, 2003
6,093
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81
Ideally, B followed by A. If I had to choose one over the other, I'm not sure I could. I value what I've learned in college immensely, and I know that if I took over a family business right out of high school, I'd be a very different person that I'm not sure I'd prefer to be.
 

RCN

Platinum Member
Dec 31, 2005
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A and use it to finance a business I was interested in while pursuing B in my spare time..
 

AgaBoogaBoo

Lifer
Feb 16, 2003
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I'd go to college and do the best I personally could, the business can always be sold or handed over to someone else to manage under your ownership. I'd rather make less and work with what I like than make more and do something I do only for the money, obviously there are exceptions for anything though so I'm sure there are some cases in which I'd do something against what I just said.
 

essasin

Platinum Member
Mar 4, 2004
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Originally posted by: AgaBoogaBoo
I'd go to college and do the best I personally could, the business can always be sold or handed over to someone else to manage under your ownership. I'd rather make less and work with what I like than make more and do something I do only for the money, obviously there are exceptions for anything though so I'm sure there are some cases in which I'd do something against what I just said.

I know waht you mean, college is one hell of a ride that I wouldn't want to miss except for that fact that I would be making 200k at the age of 18! If I was 18 again, I'm not so sure I would would pass up that kind of money.
 

RCN

Platinum Member
Dec 31, 2005
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Originally posted by: essasin
Originally posted by: AgaBoogaBoo
I'd go to college and do the best I personally could, the business can always be sold or handed over to someone else to manage under your ownership. I'd rather make less and work with what I like than make more and do something I do only for the money, obviously there are exceptions for anything though so I'm sure there are some cases in which I'd do something against what I just said.

I know waht you mean, college is one hell of a ride that I wouldn't want to miss except for that fact that I would be making 200k at the age of 18! If I was 18 again, I'm not so sure I would would pass up that kind of money.
I'd have to pass it up. It would probably kill me having that much $$ at 18. Of course I wasn't as wise then
 

Excelsior

Lifer
May 30, 2002
19,047
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No brainer, A.

That is unless you have your heart set on a certain job and don't mind passing up that kind of money, or you would make that kind of money on your own.
 

bleuiko

Golden Member
Feb 22, 2001
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Go to college. Its a great time to learn about who you are. You might think you know yourself, but you don't. College will be the best spent time in your life... just don't waste it getting drunk (everyday). I won't lie to you... 200K-250K is a number you might never reach if you go to college... but to me, money is only a tool... and the college experience money can't buy (some of it you can I suppose, but none of the really memorable ones).
 

gotsmack

Diamond Member
Mar 4, 2001
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B, family business = long hours and most likely 6 hours of work a week and no holidays.

sell the business and hold on to the land (assuming you own the land).
 

essasin

Platinum Member
Mar 4, 2004
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Originally posted by: bleuiko
Go to college. Its a great time to learn about who you are. You might think you know yourself, but you don't. College will be the best spent time in your life... just don't waste it getting drunk (everyday). I won't lie to you... 200K-250K is a number you might never reach if you go to college... but to me, money is only a tool... and the college experience money can't buy (some of it you can I suppose, but none of the really memorable ones).


I know its on a totally different level but you sure can make a lot of unforgettable memories with 250k. But, 250k won't buy you the atompshere of the college life.
 

Doboji

Diamond Member
May 18, 2001
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I think we're missing alot of information here... namely the "family business"... let's assume for now it's porn. But what is it? And more importantly, how sure are you about this 200k... is it a sure thing? Furthermore, how much time is taking over the business going to entail... are you going to be working 14 hours a day from 18 for the rest of your life?

Can you go to the college of your choice? Are your grades and test scores good enough to get you into an ivy league school? WHat career path are you planning to pursue.... Anesthesiologist or Artist?

Alot more information is needed here.

-Max
 

etalns

Diamond Member
Dec 20, 2001
6,513
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Originally posted by: Doboji
I think we're missing alot of information here... namely the "family business"... let's assume for now it's porn. But what is it? And more importantly, how sure are you about this 200k... is it a sure thing? Furthermore, how much time is taking over the business going to entail... are you going to be working 14 hours a day from 18 for the rest of your life?

Can you go to the college of your choice? Are your grades and test scores good enough to get you into an ivy league school? WHat career path are you planning to pursue.... Anesthesiologist or Artist?

Alot more information is needed here.

-Max

Let's say it can be done with about 6 hours or so/day 5 days a week if you decide not to expand it. Sometimes less, sometimes more. And there is complete freedom to vacation as long as you are not out of town for longer than 3 weeks at a time.

Let's assume your test scores are not determined at this point. The effort you put in would dictate where you are going to go. Your planned career path is whichever one you would like, and is attainable given your effort in school.
 

Doboji

Diamond Member
May 18, 2001
7,912
0
76
Originally posted by: Qosis
Originally posted by: Doboji
I think we're missing alot of information here... namely the "family business"... let's assume for now it's porn. But what is it? And more importantly, how sure are you about this 200k... is it a sure thing? Furthermore, how much time is taking over the business going to entail... are you going to be working 14 hours a day from 18 for the rest of your life?

Can you go to the college of your choice? Are your grades and test scores good enough to get you into an ivy league school? WHat career path are you planning to pursue.... Anesthesiologist or Artist?

Alot more information is needed here.

-Max

Let's say it can be done with about 6 hours or so/day 5 days a week if you decide not to expand it. Sometimes less, sometimes more. And there is complete freedom to vacation as long as you are not out of town for longer than 3 weeks at a time.

And the rest of my questions?
 

etalns

Diamond Member
Dec 20, 2001
6,513
1
0
Originally posted by: Doboji
Originally posted by: Qosis
Originally posted by: Doboji
I think we're missing alot of information here... namely the "family business"... let's assume for now it's porn. But what is it? And more importantly, how sure are you about this 200k... is it a sure thing? Furthermore, how much time is taking over the business going to entail... are you going to be working 14 hours a day from 18 for the rest of your life?

Can you go to the college of your choice? Are your grades and test scores good enough to get you into an ivy league school? WHat career path are you planning to pursue.... Anesthesiologist or Artist?

Alot more information is needed here.

-Max

Let's say it can be done with about 6 hours or so/day 5 days a week if you decide not to expand it. Sometimes less, sometimes more. And there is complete freedom to vacation as long as you are not out of town for longer than 3 weeks at a time.

And the rest of my questions?

Just edited em in.
 

Doboji

Diamond Member
May 18, 2001
7,912
0
76
Originally posted by: Qosis
Originally posted by: Doboji
Originally posted by: Qosis
Originally posted by: Doboji
I think we're missing alot of information here... namely the "family business"... let's assume for now it's porn. But what is it? And more importantly, how sure are you about this 200k... is it a sure thing? Furthermore, how much time is taking over the business going to entail... are you going to be working 14 hours a day from 18 for the rest of your life?

Can you go to the college of your choice? Are your grades and test scores good enough to get you into an ivy league school? WHat career path are you planning to pursue.... Anesthesiologist or Artist?

Alot more information is needed here.

-Max

Let's say it can be done with about 6 hours or so/day 5 days a week if you decide not to expand it. Sometimes less, sometimes more. And there is complete freedom to vacation as long as you are not out of town for longer than 3 weeks at a time.

And the rest of my questions?

Just edited em in.

So you have to choose now? you can't wait to see what college you get into? And you have no idea what you really want to do yet?

-Max
 

etalns

Diamond Member
Dec 20, 2001
6,513
1
0
Originally posted by: Doboji
Originally posted by: Qosis
Originally posted by: Doboji
Originally posted by: Qosis
Originally posted by: Doboji
I think we're missing alot of information here... namely the "family business"... let's assume for now it's porn. But what is it? And more importantly, how sure are you about this 200k... is it a sure thing? Furthermore, how much time is taking over the business going to entail... are you going to be working 14 hours a day from 18 for the rest of your life?

Can you go to the college of your choice? Are your grades and test scores good enough to get you into an ivy league school? WHat career path are you planning to pursue.... Anesthesiologist or Artist?

Alot more information is needed here.

-Max

Let's say it can be done with about 6 hours or so/day 5 days a week if you decide not to expand it. Sometimes less, sometimes more. And there is complete freedom to vacation as long as you are not out of town for longer than 3 weeks at a time.

And the rest of my questions?

Just edited em in.

So you have to choose now? you can't wait to see what college you get into? And you have no idea what you really want to do yet?

-Max

You're making this question excessively complex.

Two different paths, you choose one or the other. You do whatever you want in either path. Nothing is pre-determined.
 

TheGizmo

Diamond Member
Dec 31, 2000
3,627
0
71
i'll tell ya somtin here..

i had the two options you had, exactly word for word.
i chose option b... long story short

i dropped out of school (after 3.5 yrs of partying, and slipping by with grades). yea sounds stupid but theres more to it, i'm not gonna get into it. I didnt have as many credits as i should have for starters.. soon enough I realized that my salary would never be more than the family business. Was sick of school, so now I'm about 6 months into option B... and I'll tell you what, its a lot easier than what I would have been doing but I don't like the work as much. I hated learning by some person talking to a room full of 400 people. But now that I am running a business, i find that this really is more rewarding than what i had original set out to do. i have plenty of free time when i want it, but still keep myself plenty busy.


I'm not saying that you shouldnt chose option B though, because in that 3.5 yrs I wasted.... I had about a billion experiences. Living on my own, finding myself in my head, making lots of friends, PARTYING HARD, etc... got a little bit of the craziness out of me and I Wouldn't change that experience for the world.

ok </rant>
 

Doboji

Diamond Member
May 18, 2001
7,912
0
76
Originally posted by: Qosis
Originally posted by: Doboji
Originally posted by: Qosis
Originally posted by: Doboji
Originally posted by: Qosis
Originally posted by: Doboji
I think we're missing alot of information here... namely the "family business"... let's assume for now it's porn. But what is it? And more importantly, how sure are you about this 200k... is it a sure thing? Furthermore, how much time is taking over the business going to entail... are you going to be working 14 hours a day from 18 for the rest of your life?

Can you go to the college of your choice? Are your grades and test scores good enough to get you into an ivy league school? WHat career path are you planning to pursue.... Anesthesiologist or Artist?

Alot more information is needed here.

-Max

Let's say it can be done with about 6 hours or so/day 5 days a week if you decide not to expand it. Sometimes less, sometimes more. And there is complete freedom to vacation as long as you are not out of town for longer than 3 weeks at a time.

And the rest of my questions?

Just edited em in.

So you have to choose now? you can't wait to see what college you get into? And you have no idea what you really want to do yet?

-Max

You're making this question excessively complex.

Two different paths, you choose one or the other. You do whatever you want in either path. Nothing is pre-determined.

Your entire life's path is a complicated question.....

If you pursue the family business, you may get the life of a playboy, riches, nice cars, nice houses, but you also basically gain the mentality of a spoiled entitled brat.... which in the long run could decimate your chances at happiness.

If you pursue college, and are dilligent and hardworking... you could gain the same riches, but with a more solid hardworking persona.... you'd be a better person, more patient.... and probably happier in the longrun.

However if you're a slackass, and you're not really gonna do that well, or flounder around and pick a stupid career like art, then you run the risk of having a mediocre lifestyle, without the glam, and stuck working your tail off for nickels your entire life.

So the answer to your question is not enough information to make a good choice. We need to know more about you, to know which choice is better. I'm sure as an 18 year old, your thinking the choice is simply.... do I take a whole lot of money and do something I really don't like all that much. But the choice is soooo much more complicated than that. Your entire life, your personality, the people who will become your friends, and the woman you end up marrying one day are all influenced by this decision.

-Max
 

etalns

Diamond Member
Dec 20, 2001
6,513
1
0
Originally posted by: Doboji
Originally posted by: Qosis
Originally posted by: Doboji
Originally posted by: Qosis
Originally posted by: Doboji
Originally posted by: Qosis
Originally posted by: Doboji
I think we're missing alot of information here... namely the "family business"... let's assume for now it's porn. But what is it? And more importantly, how sure are you about this 200k... is it a sure thing? Furthermore, how much time is taking over the business going to entail... are you going to be working 14 hours a day from 18 for the rest of your life?

Can you go to the college of your choice? Are your grades and test scores good enough to get you into an ivy league school? WHat career path are you planning to pursue.... Anesthesiologist or Artist?

Alot more information is needed here.

-Max

Let's say it can be done with about 6 hours or so/day 5 days a week if you decide not to expand it. Sometimes less, sometimes more. And there is complete freedom to vacation as long as you are not out of town for longer than 3 weeks at a time.

And the rest of my questions?

Just edited em in.

So you have to choose now? you can't wait to see what college you get into? And you have no idea what you really want to do yet?

-Max

You're making this question excessively complex.

Two different paths, you choose one or the other. You do whatever you want in either path. Nothing is pre-determined.

Your entire life's path is a complicated question.....

If you pursue the family business, you may get the life of a playboy, riches, nice cars, nice houses, but you also basically gain the mentality of a spoiled entitled brat.... which in the long run could decimate your chances at happiness.

If you pursue college, and are dilligent and hardworking... you could gain the same riches, but with a more solid hardworking persona.... you'd be a better person, more patient.... and probably happier in the longrun.

However if you're a slackass, and you're not really gonna do that well, or flounder around and pick a stupid career like art, then you run the risk of having a mediocre lifestyle, without the glam, and stuck working your tail off for nickels your entire life.

So the answer to your question is not enough information to make a good choice. We need to know more about you, to know which choice is better. I'm sure as an 18 year old, your thinking the choice is simply.... do I take a whole lot of money and do something I really don't like all that much. But the choice is soooo much more complicated than that. Your entire life, your personality, the people who will become your friends, and the woman you end up marrying one day are all influenced by this decision.

-Max

I imagine you have a pretty difficult time at the drive through when they ask "would you like fries with that?"
 

Doboji

Diamond Member
May 18, 2001
7,912
0
76
Originally posted by: Qosis
Originally posted by: Doboji
Originally posted by: Qosis
Originally posted by: Doboji
Originally posted by: Qosis
Originally posted by: Doboji
Originally posted by: Qosis
Originally posted by: Doboji
I think we're missing alot of information here... namely the "family business"... let's assume for now it's porn. But what is it? And more importantly, how sure are you about this 200k... is it a sure thing? Furthermore, how much time is taking over the business going to entail... are you going to be working 14 hours a day from 18 for the rest of your life?

Can you go to the college of your choice? Are your grades and test scores good enough to get you into an ivy league school? WHat career path are you planning to pursue.... Anesthesiologist or Artist?

Alot more information is needed here.

-Max

Let's say it can be done with about 6 hours or so/day 5 days a week if you decide not to expand it. Sometimes less, sometimes more. And there is complete freedom to vacation as long as you are not out of town for longer than 3 weeks at a time.

And the rest of my questions?

Just edited em in.

So you have to choose now? you can't wait to see what college you get into? And you have no idea what you really want to do yet?

-Max

You're making this question excessively complex.

Two different paths, you choose one or the other. You do whatever you want in either path. Nothing is pre-determined.

Your entire life's path is a complicated question.....

If you pursue the family business, you may get the life of a playboy, riches, nice cars, nice houses, but you also basically gain the mentality of a spoiled entitled brat.... which in the long run could decimate your chances at happiness.

If you pursue college, and are dilligent and hardworking... you could gain the same riches, but with a more solid hardworking persona.... you'd be a better person, more patient.... and probably happier in the longrun.

However if you're a slackass, and you're not really gonna do that well, or flounder around and pick a stupid career like art, then you run the risk of having a mediocre lifestyle, without the glam, and stuck working your tail off for nickels your entire life.

So the answer to your question is not enough information to make a good choice. We need to know more about you, to know which choice is better. I'm sure as an 18 year old, your thinking the choice is simply.... do I take a whole lot of money and do something I really don't like all that much. But the choice is soooo much more complicated than that. Your entire life, your personality, the people who will become your friends, and the woman you end up marrying one day are all influenced by this decision.

-Max

I imagine you have a pretty difficult time at the drive through when they ask "would you like fries with that?"

Well buying fries or not is also an extremely difficult question.... the battle of taste bud satisfaction vs fat gain and thereby loss of popularity. Alot would depend on the frying substance... vegetable oil/peanut oil would simplify the decision quite a bit, as it would be somewhat healthier, and thereby allow me to dip into both worlds of health and taste. But really it would come down to the quality of the fries.... for example potatoe wedgies at KFC would eclipse any health concerns simply because of the utter delite my tastebuds would recieve. Whereas Wendy's fries are clearly not worth the health damage for the minor taste bud boost.

I highly recommend avoiding the drive thru... people tend to honk at you while you attempt to make informed decisions.

-Max
 

compuwiz1

Admin Emeritus Elite Member
Oct 9, 1999
27,111
926
126
Originally posted by: George P Burdell
If I had the cash, I'd go to business school...

Why, so you can work 40 hours in an office punching keys on a computer?

Ah, so glad I quit school. I got street smarts, they don't teach ya that in a classroom. ;)