Hi, I am running a family partnership ( with husband & wife as partners) Industrial unit for the last 18 years , we are a consistently profitable firm & offer very specialised chemicals without any major competitors , we have a daughter who has completed her graduation in a totally different field & has just started her job related to her graduation. She is finding it extremely tiring with the very long hours (almost 12 hours / day including travelling ) & the very low salary she now gets with very little scope of major increases even for people with 5+ years of experience unless they start out on their own.
We would like her to join our firm on a monthly salary ( much better than what she gets now ) & over the next 5 years get a substantial increase much more than what she could expect if she continues in her own field & eventually run the firm.
What would you advise under the above circumstances as we are still not very clear on the way forward.
Ans: My advice is to let your daughter to make the choice. Let her gain the experience outside your family business for a few years. Let her use the opportunity to show her calibre and grow in the job she is engaged. And in a few years she can always come and be part of your family concern and bring in new ideas, and learnings she gets from here current job.