What Does A Family-Business Look Like?

We live in an anti-family society. Everything is individualised. Parents don’t care about what their kids do as they get older, and the kids don’t care about what their parents are doing as they get older. The other thing is, humans love sex. Because we love sex, we want to have sex with as many people as possible, but we don’t want to get tied down, so we have fun as long as we can, and when we feel mature enough, usually around age 27, we marry “the one.” But he/she gets boring after a while, so we ditch. It’s kind of a mess. Here are some of my thoughts about what it would look like if family and business came together:

So, you’re born into a healthy family – your dad and mom actually stay husband and wife for a lifetime, no divorce. The thing is, they’re only about 20 years old. I’m all for young marriage, because the truth is, it’s hard to stay pure. If you know that he/she is “the one,” then go for it, and stay with them. Don’t break up. That’s what losers do. Moving on: you are raised by a young couple who is building a family business, so that, when you’re 18, you can take over. They teach you everything they know about the business. By the time they’re 40, you will have married your girl/guy, and together you keep building the business, and supporting your parents, as they keep teaching you how to run the business, without being directly involved anymore. They’re only in their 40′s, and they could already be grandparents. I know, it sounds crazy. But I think it’s a cool system. So you start having kids, and you raise them and teach them how the family business works. They learn everything they can from you. By the time you’re in your 40′s, your kids will probably have kids, if they marry at a young age as well. Your parents will be around 60. Now, the family business has been built for 3 generations, and during that time, it has become pretty successful. Your parents can live off of the passive income that you provide for them, so they can do whatever they want in their old age – travel the world, go skydiving, etc. – and you’re getting money because you’re the business owner. During that, you’re helping your kids (who actually run the business), while they teach their kids what the business is, and preparing them to, eventually, take over.

If this sounds totally weird to you, young marriage, family business, skydiving… well, it shouldn’t. There are around 300 families in the world who control what money goes to whom and who gets power and who doesn’t. It’s really not the government, which is the common misconception. The Rockefeller family for example. They have one family business in which every member pays a vital part in order to keep expanding it. Their family name is well-known. Why? Because they place high value in each member and the vision of the family. Unfortunately, there are too few families who are following this model, because it’s not being told anywhere. The media preaches the opposite of what you’re reading here. Are you in close contact with your parents? If so, good for you, but the truth is, many aren’t.

Fortunately for me, I’m living in a community where all the families actually do follow this family-business model. I know a guy who is 26 years old and he has a 4-year-old daughter. His dad just turned 50. They have been building a business for a long time now, and that man has an income of $100,000 a year, with extra royalties from his friends who also run their family businesses. Now, if those family business combine together, his and his friends’, it would be a good source of income. And he’s only 26.

I’m 19 years old right now, and I’m thinking in that direction. It’s easier for me, though, because I have the freedom to really do whatever I want because I’m not bound to an educational system, unlike many of my friends who are in college right now. I’m interested in business management, marketing, and advertising, and I’m learning all of those things right now from people who know what they’re doing. I’m also learning a bunch of stuff from my dad who is teaching me about business and family and how they work together.

A family-business is a really good business model, because your employees will be friends and family, so it’s based on relationships and trust, and not on pay checks and resumes. If you live your life investing in yourself the entire time, then you leave your kids with nothing, so they’re forced to enter the world of employees, building their own life, which isn’t the best thing ever. If you invest in the future generation, however, the entire family profits from it, and not just financially.

Do you have any thoughts on this? If so, I’d love to hear them, because hey, I’m only 19, and you’re probably older than me, so share your insights and enlighten a young man! Cheers.