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Owning A Commercial Business

Owning A Commercial Business

Some people grow up within families that are entrepreneurial. They start or inherit functioning businesses and do their best to find all the success they can. The smart ones learn all they can from their parents. They know a lot of the things about finance and economics that many people never learn. They learn it from their parents’ struggles, they learn to spot trends and they don’t really want to be employees…even knowing the risks.

Commercial businesses start every day. There are so many reasons NOT to do it, but people, both men and women, keep doing it. They do it in both good and bad economic times and they have been doing for much longer than we might realize. It’s simple a choice, to have a career or own a business.

In fact family farms were the way many people made a living before the Industrial Revolution. Farming enterprises can be at least as risky as any other commercial business. Weather disasters, crop failures and animal diseases could all make life difficult for these hard working people. The chickens might stop laying eggs, the creek might dry up, and on and on… It’s a tough business. Still people keep doing it. There is a particular advantage to this type pf business. We all have to eat and someone has to grow the food. It’s a necessity.

There are so many choices, so many possibilities for businesses. It only requires a product or service for which there is a market to have a business enterprise that can support your family and perhaps make them rich.

In recent times people often felt more secure as employees. But times have changed. Many employees have low incomes and poor prospects for comfortable incomes, let alone a decent retirement. Because jobs are so insecure people are much more entrepreneurial than in the past. They have to be more interested if they are to provide for themselves and their families.

The entrepreneurial spirit lives in spite of the risks and worries we all experience when we start a business. For people who have grown up in families with businesses we inherit a functioning business that can continue to operate if we are smart enough and capable enough to keep it going.

A business consultant once told us that businesses rarely survive into the second generation. The children of entrepreneurs tend to be spoiled and insufficiently educated to keep the business they inherited viable for very long. While we have also seen some fail, others have succeeded quite well in continuing to run a business they have inherited. The ones who do well also respect their parent’s knowledge and use what they have learned from them to bring a business to greater success.