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  #11  
Old 08-23-2017, 01:25 PM
TheHuckster TheHuckster is offline
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Originally Posted by jackfaire View Post
It reeks of nepotism. Having your actual name on the business says "I earned this I worked hard I learned I earned this" having & Son/Daughter screams "My daddy gave this to me"
I've been personally familiar with a lot of these sorts of businesses, and the offspring work damn hard to inherit the business. So much so that if the parents feel they might "ruin" the business after they hand it down, they'll more likely sell it to a partner who's more competent.

And the few people who do inherit it with the attitude of "my daddy gave this to me" run that business to the ground in a matter of a few years. Running a family business isn't something spoiled kids can do very successfully.
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  #12  
Old 08-23-2017, 02:21 PM
Tanasi Tanasi is offline
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After several years of bouncing from firm to firm my middle daughter is learning my wife's business. The wife is hoping to make her a partner within a year. My daughter isn't being given anything, she's having to work danged hard to get what she hopes is coming, an opportunity to buy the business. Also her formerly no good lazy husband is also working there and he now knows what hard work is.
It's looking like my youngest daughter and youngest son will be taking over my businesses or at least I hope so. She's 19 and he's 8 so time will tell.
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  #13  
Old 08-24-2017, 05:14 AM
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jackfaire jackfaire is online now
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Originally Posted by TheHuckster View Post
I've been personally familiar with a lot of these sorts of businesses, and the offspring work damn hard to inherit the business. So much so that if the parents feel they might "ruin" the business after they hand it down, they'll more likely sell it to a partner who's more competent.
I should clarify when I say reeks of I don't mean "this is what this is" I mean that the perception people get is that it's nepotism.

Clint Howard may be one of the most underrated actors of his generation. I don't know but the fact he gets most of his work on movies his brother's involved in tarnishes his reputation by giving the appearance of nepotism. Nicholas Cage changed his name so that people wouldn't connect him to being a Coppola and even today there are still plenty of people who forget that he is.

There are a lot of things in this country that have a different perception than reality.

College Graduates always have a college education (They don't some did enough to pass classes but didn't retain anything or learn anything)

High School Graduates don't know anything above a High school level (Usually they do especially most information taught in a college level is readily available for free but without spending a lot of money for a person to explain it to you it doesn't seem to count)

Father and Sons vs Father, Father, & Sons gives a perception of just being handed something.

It's why Donald Trump didn't go into business with his father as Trump and Son. Instead his dad handed him his wealth and Trump made his own company and while they did many business deals together Trump built a reputation as a "self-made" man regardless of the reality.

I am not trying to discount the hard work that some people put in to take over the family business I am just saying many will.

Who knows in 40 years the perception may be that "Father and sons" or "father and daughters" businesses are the only ones worth any respect.
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  #14  
Old 08-24-2017, 08:15 PM
TheHuckster TheHuckster is offline
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While I understand the notion that "and sons" feels nepotistic, their patronage probably consider names like that attractive because it invokes an image of being a local mom-and-pop business rather than a larger one.
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  #15  
Old 08-25-2017, 10:39 AM
s_stabeler s_stabeler is offline
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Originally Posted by jackfaire View Post
most information taught in a college level is readily available for free but without spending a lot of money for a person to explain it to you it doesn't seem to count)
it's complicated, but there's a couple of reasons for it.
1) when done properly, college is far more than "someone explaining it to you"- indeed, quite a lot of information you have to research yourself. Which is itself a skill that is attractive to employers.
2) part of it is a college degree's presence is proof that you know something. It's far easier to check if someone has a degree than do something like a technical assessment (as well as cheaper)
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