A dilemna facing any small business entrepreneur who started the business and has been running it for decades and now he is old, what does he do?1. The business is profitable, demand is strong as it is a basic commodity and customers are in the Top 10 Supermarket chains in the country;
2. According to him, the Father-founder wants to sell it because his children do not want to run it;
3. According to the children, they are willing to run it but not with their father at the helm;
4. The children are intelligent and come from the country's best schools but their main complaint is that their father do not give them a freehand in running the business;
5. The father takes it that his children do not want to talk to him.
If this sounds familiar, I believe it is happening in many family businesses. Both have to compromise, to wit:
1. Children have to understand that the business is successful because of how their father run it'
2. Children have to accept that they will need to start from the bottom to learn the business;
3. Children have to realize that they have a treasure before them that they will inherit when the time comes;
4. The father has to realize that for the business to move forward and survive, it has to have new blood and learn new ways;
5. The father needs to let the children know that their "following orders" is a prelude to their assuming management of the company
6. The father needs to loosen some of his grip and allow his children to learn from their own mistakes and venture into new ideas
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