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I'm from India, recently joined the family business. My two uncles are supportive, but my father and mother are heavily against it. We have retail and distribution both.
My father's been telling me things like how the business has no future, it will split later, bigger players are coming here(Walmart etc.), its a dirty business full of backstabbers etc. There's been a constant barrage from day one. At one point he flat out said there is no growth here. I've been resistant to it primarily because I see some good signs: the economy is expanding, market penetration is still low, entry is tough(margins are thin) etc. The knowledge from TMF and Unscripted has really helped me in this regard. There's competition in every field, and if I think logically I'm convinced that it is still a worthwhile choice. However, negative statements like that do tend to weigh on one's mind.
Anyone with similar stories or advice? My father just wants me to be a lawyer. I've done law from one of the top 3 institutes in my country(India) but I don't want to become one because I know its a slowlane venture. I've mentioned automation and some other things to him. However, he seems adamant on not considering them because of his desire to make me take up anything else apart from entrepreneurship. He just simply denies it with blanket statements like the ones mentioned in paragraph 2. As of now, I do not have any capital of my own so I can't build a store myself. 2 of my brothers want to join the business in the future as well, just thought I'd mention that.
My father's been telling me things like how the business has no future, it will split later, bigger players are coming here(Walmart etc.), its a dirty business full of backstabbers etc. There's been a constant barrage from day one. At one point he flat out said there is no growth here. I've been resistant to it primarily because I see some good signs: the economy is expanding, market penetration is still low, entry is tough(margins are thin) etc. The knowledge from TMF and Unscripted has really helped me in this regard. There's competition in every field, and if I think logically I'm convinced that it is still a worthwhile choice. However, negative statements like that do tend to weigh on one's mind.
Anyone with similar stories or advice? My father just wants me to be a lawyer. I've done law from one of the top 3 institutes in my country(India) but I don't want to become one because I know its a slowlane venture. I've mentioned automation and some other things to him. However, he seems adamant on not considering them because of his desire to make me take up anything else apart from entrepreneurship. He just simply denies it with blanket statements like the ones mentioned in paragraph 2. As of now, I do not have any capital of my own so I can't build a store myself. 2 of my brothers want to join the business in the future as well, just thought I'd mention that.
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