Re:The Ancient Japanese Technique That Produces Lumber Witho...
by vkou on Wednesday November 23, 2022 @01:53PM
(#33723121)
The mom and pop shop only works when you have family members putting in all their time to keep it afloat for no pay.
That's why the kids aren't interested in taking it over. It's not a route to generational wealth for anyone who has regular middle-class opportunities, as much as it's a route to being busy all the time, and having nothing to show for it at the end of the day.
Businesses that actually have real prospects frequently get taken over by the kids. The family shop/bakery/restaurant is rarely one that has them.
That's why the kids aren't interested in taking it over. It's not a route to generational wealth for anyone who has regular middle-class opportunities, as much as it's a route to being busy all the time, and having nothing to show for it at the end of the day.
Businesses that actually have real prospects frequently get taken over by the kids. The family shop/bakery/restaurant is rarely one that has them.