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How do I continue the family business? |
My father owns a small, one-man tree service operation, has a dump truck, chipper, chainsaws, stumpgrinder, etc., and is looking to retire soon. I've worked with him off and on when he's needed me and now I have the choice of continuing the business. From an entrepreneurial standpoint, I know that the opportunity to have a small, ready to go business in your hands is gold, but I need to know how to turn things bigger. I disagree with the answer above me. I think there will always be a market for your type of work. Removing trees is a dangerous business and most people don't own the correct equipment even in rural areas like where I live. First you need to know the business inside and out.......then get a good accountant and find out how much it will cost to expand the business.......then find out if you can afford it........the service market is tanked......people are getting laid off........folks will cut their own lawn and put their saving in their gas tank........you need to find out if there is a market for your expansion...... |
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