Inheriting Food Business Dilemma

 

I inherited a food business from my great-grandparents. It is still a popular store with an increasing number of customers. However, my heart is not into it. What should I do?

Consider a few options if you’re not interested in continuing to run the food business you inherited from your great-grandparents.

Sell the business: You could find a buyer interested in running the industry and willing to pay a fair price for it.

Hire a manager: You could hire a professional manager to run the business, allowing you to remain a passive owner.

Restructure or diversify: You could explore ways to restructure the business or diversify its offerings to make it more appealing to you and better align with your interests and skills.

Close the business: If you don’t see a viable future for the company and are not interested in it, you may choose to close it down.

Ultimately, the decision will depend on your circumstances, the potential future of the business, and your priorities. Consult with a business advisor to guide you in making the best decision. 

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You may contact Armando “Butz” Bartolome for questions and more information.

By email: aob@gmb.ph

FB Page: Armando Bartolome

Linkedin: https://www.linkedin.com/in/franguru/ 

Website: https://www.gmb.ph