I'm in my early 20s. Dad owns a large construction business. He won't guarantee me the business but if I work for him for 10-15 years and learn it he may possibly sell me the business. I'm currently working at the business and make about 35,000 a year. I will probably never reach 6 figures unless I get the company. I fucking hate the work though. Should I just leave? I have comp sci and math degrees that I'm not using but I don't really have swe experience other than just writing simple little niche programs. Another thing is my dad only owns 50% and has a business partner who owns the other 50%. My older brother works at the company too. The way I see it, my brother is a lock-in. Unless he royally fucks up, my dad will sell him his half of the company. My only shot would be the business partner selling me his half of the company. He doesn't have any sons but he does have a surrogate son that he basically handpicked to work at the company. I would happily take the 35,000 a year if I knew for certain that I will get the company, but I really don't want to dedicate my healthiest years of just to end up without a piece of the company and I will not accept anything less than 50%.
Any advice?
I'm in my early 20s. Dad owns a large construction business...
Use your degrees. Get another job.
>I want my dad's biz
>brother also want's biz
>I have CS degree
>I makes way less than the medium CS intern
I get that you could make a ton of money if you only 50% of the biz. But you aren't. Brush up on your programming and get a desk job somewhere making $60K. In a few years you'll be making $90k and you won't give a shit about your dad's biz.
lol your own father wont give you his business after he's dead? what a great fucking guy
Personally I wouldn’t want to own a blue collar business I don’t have any interest in. The only attractive aspect to me is that you can get cool toys for your property as tax write offs for your business (gators, 4 wheelers, pick up trucks). If I were you I’d become a software engineer and be a part-time contractor for the construction company (if that’s possible). Buy a pick up truck and write off part of it for the “business”. If your dad can’t play ball to that extent then you should just go all in on SWE knowing that you made the right call. If he does play ball and you start to like it , it probably means he’s reasonable enough to give you a shot at the business
Probably a boomer. Its common to fuck their own children over hardcore.
Insanity. Dude is literally forcing his children to buy his business off him. Any father who does that is a literal piece of shit. Can't tell if this thread is b8 or not
well clearly you have to Abel your brother...
You could also start your own construction company.
>Start as a one man show on the weekends doing odd jobs.
>Borrow tools from your dad's company... Without telling him
>Get clients
>stop borrowing tools
>Tell your dad I need a raise or I'm doing my own thing
>Do your own thing.
You see how things are ran. Just do it yourself fuck your dad.
OP here. His dad (my grandpa) sold the company to him (dad is an only child). It's how their retirement money. My dad bought the from gramps for XX million. At first, 90% of his income from his stake in the business went to paying off gramps, but he paid it off in a little over a decade.
I'm sure dad has the same retirement plan. The more I think about it, the uncertainty here is really with the business partner and what he wants. If dad owned 100% I would be 100% certain the company would be split between me and my brother
Your grandpa sold his business to your dad for millions of dollars paid off over a decade.
God damn OP, I guess being a huge piece of shit runs in the family
this cant be real
What makes you think it's not real? This is really the only place I know to ask this kind of shit. I would ask this on fucking quora.
wouldn't*
Tell your father to fuck off and do your own thing.
It is real most likely,
Boomers are extremely out of touch, caught my Dad complaining earlier today that the "younger generation" is lazy.
Yet I make 20x more than him a year, oh well.
I guess right now I'm struggle to make the right calculate of the opportunity cost with the uncertainty factor played in. I don't know to lessen the uncertainty other than speak to the business partner directly but my gut is telling me that would be a real faux pas...
To hell with your retarded greedy father. Get a job working for the competition at a higher rate of pay.
Boomers genuinely do not understand how easy they had it and how much harder it is today to make it. Tech somewhat balances it out but in 1960-1980 you could literally start ANY business and succeed if you’re not completely braindead. My boomer dad always talks about how he was going to buy a bunch of real estate but never did, drives me fucking insane. I’ve even shown him the graph of real wages to inflation and he still doesn’t get that wages have been basically flat since the 80s.
You're not getting the company. Walk away.
Do the computer stuff and add value that way later. Problem solved! Plus you'll get to do the whole experiencing life thing. Biz will tell u to live in ur moms basement and do nothing but personally I enjoy learning new skills with new people in new places around the country. Unless u have top tier trim and are the King of ur hometown I don't see why you should stick around not reaching your full potential.
find a dev job with your degree and if your father and brother need help then help them on the side.
Ur dad is a piece of shit. Cut him off immediately from your life and get another job. Any father that is forcing his sons to "buy" the business is a piece of shit. He should be setring you up for the future, not fucking you over
What makes you think that? I need more food for thought than just some random fag from the shitcoin board
How committed is your brother to buying the company?
Is your dad's biz partner going to sell out to a massive corporation that will give your dad a headache so he just sell out to the corporation too?
35K is shit