I have been trying to find a successor, someone to take over my business someday, someone with drive and energy.
Sadly I keep running into 30 somethings over and over again without enough motivation for proper emergence from a wet paper bag.
My latest was a young man who is interested in the kind of business we do. Who seemed to have the right values. Who wanted to perhaps be that successor I seek.
He worked one day. It was hard work.. We do hard work. The following day he informed me that he was only looking for a part time job and that taking over some day was out of the question for him. He had lots of reasons, but the reality is he just didn't have the drive. And he had a fatal handicap, one that cripples many millennials, He came from money and hasn't at 30 held a real job yet. That is nearly always fatal.
Sad is I liked him, would have bent over backwards to help him, but I needed his commitment. He was convinced I had misled him. I don't think I did. I found his original application intriguing, he said all the right things. He just has a hard time figuring out what he wants. I doubt he will.
I have seen this over and over again. I would GIVE this to any young man or woman with the right stuff who wants to be in it on their own, now or someday, but there is a commitment needed, one that means you are willing to start down the path.
This is a business that makes a clean $60,000 per year in a normal year and in a great year 3 times that. It is very scalable. It's an ideal lifetime business. It does take someone with the kind of interests, desire and passions that make things happen. I have posted this before, but if you work for money, you work, if you do what you love you never work a day in your life.