Tuesday, 14 March 2017

March 7 - Business Idea 6: Your Parent’s Business (Father’s/Mother’s Business) - Part 1





I am sent your way, to ensure that before or by the time you are through reading and studying these series on how to generate business ideas, you would have concluded in running a business. Friends, beware that you have no excuse to excuse yourself out from this moving train and flying airplane.
The child of a butterly it’s a butterfly,the child of a dog is a dog, the child of an animal, the child of God is a god. Except otherwise on a few reasons, will a son of a professional not have the capacity to become what his father (1) If he or she is a dullard (2) If he or she isn’t interested (3) If he or she isn’t available.
Don’t be stranded, don’t be disappointed by the economy of your country, brace yourself, start from where your dad or mum stopped. It is expedient that you are about your father’s business, it will be of a help in time like this.
Being about your father or mother’s business isn’t a crime, it is a proof that you are wiser than other siblings or colleague because you have started building your curriculum vitae, if they are dead, it is a proof that you have a sharpened sword that you need to bring out of its quiver.
CNN: This was the brainchild of Robert “Ted” Tumer, whose father committed suicide in 1963. He took over his father’s business of billboard advertising company. He bought a failing Atlanta TV station that broadcast old movies and network reruns in 1970.
I know of a friend, who is succeeding in fashion designing because he got the knowledge from his father as a fashion designer. It was during the death of MIC Director in the plane accident on the way to the burial of Agagu, former, Ondo State Governor in Nigeria that I was priviledged to the story of how MIC Casket Company started. It has been a lineage business, it has been handed over to his father by his grandfather, he also has his children, who are participator and running the company.
50% of thriving businesses or companies thrive on the existence of their parent as predecessors. Numerous artistes have successfully raised children that are doing and leveraging on their shoulder today during their old age or departure from the earth. As a matter of fact, if during or after your Parent’s stay here on earth, none of you as sibling is taking over the business empire, it is a proof that your parent aren’t good leader, they don’t have vision and many more. I am so sure that you would want to portray your parents well. There are few things you have to do as you take over, or run these businesses:
Adjustments To Parent’s Business

Rebrand: Until you take over and run for sometimes, don’t change the name because that is the identification. Ensure you do rebranding of other things, as you see it deem fit. Your rebranding displays to your father’s customers that a new management is taking over and gives them confident that a youthful person is on top.
Live Injection: This can be referred to many things. It could mean: exposure, new staff, liveliness, new methods, new approach etc.
Renovation: Let the banner of renovation be hanged for people to feel, hear and see the rennovative ideas that will make the firm under your management to soar like an eagle.
Better Approach: There is always a better way of doing things, as a matter of fact, the only way to be better than you predecessors is to do those things they did or they are doing in a better way. What this connotes is improvement; improve in whatever things they are doing for an improved result.
Go Farther: Life will not deliver what you desire; it will only deliver what you demand. Therefore, if you are venturing into your parent’s business, ensure you go farther than where your parent went. They have stopped where their capacity ends; you can take it upon yourself to go farther in that same business.
Be bold and full of strategy to hit the target they never had in their days, travel farther through faster means. 


Dapo Olaleye, an Associate Pastor in Balance Gospel Ministries International Headquarters. He is the President of Business Xploit Group with Nine Subsidiaries through which lives are blessed around the globe. Chancellor of Business Xploit institute, Facilitator in School Of Discovery (Gospel Dominion Prayer Ministries), author of seven books (Unlocking Your Potentials To Profits, Uncommon Sense Guide To Making Money, Woman! You Are A Blessing Not A Burden, Ladies Of Dignity, More Than Money, A-Z Secrets Of Academic Excellence, Becoming An Academic High Flier and Generating God’s Ideas For Business, Ministry, Career (CD)). He is an alumnus of Daystar Leadership Academy and Daystar Business Academy and Student of Word Of Faith Bible Institute. He can be reached via: bizxploit@gmail.com, 08122927079.  


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