I am 84 years old and have had a successful and rich career in my family business. I’m still working and full of energy, but I know my son has been anxious to take over the business for quite some time. Am I being selfish not to give him the opportunity to pick up the reigns, so to speak? I would be miserable if I stopped working. Besides, I’m not so sure he’d live up to the family’s reputation in light of some of his hanky panky and thoughtless behavior.
If you love your son as much as I love mine, I say, “Give the guy a break!” I admire your spunk and not wanting to sit back on your laurels, but sonny boy deserves a chance to do his own thing. He might bring some new vigor to the family business. Even if you’re doing a great job, it’s wise to let the next generation have a chance. Besides, I’m guessing there still will be plenty for you to do and you’ll be able lend your expertise to him. Let me know what you decide.