I’m, 20. A final year economics graduate. My family (of four) runs a retail store in a small town. The store makes decent money (in multiples of what I would be able to make if I go for a job in say consulting, after college).
I intend to expand the retail business to nearby towns and cities and hopefully take it online at some point in the future.
But I’m unsure if I should:
a) not go for any further studies and straight up join my family business
b) go for an MBA, understand how business operates, and then join the business
c) work for a bigger player of my trade, understand their functioning and then work on my family business’s expansion.
Points to be kept in consideration:
a) Being an undergraduate is stigmatised, people think of you as being inadequately educated
b) I am not sure whether I would be able to work with my family. Multiple generations often have varying opinions on any subject which causes unnecessary conflicts
I intend to expand the retail business to nearby towns and cities and hopefully take it online at some point in the future.
But I’m unsure if I should:
a) not go for any further studies and straight up join my family business
b) go for an MBA, understand how business operates, and then join the business
c) work for a bigger player of my trade, understand their functioning and then work on my family business’s expansion.
Points to be kept in consideration:
a) Being an undergraduate is stigmatised, people think of you as being inadequately educated
b) I am not sure whether I would be able to work with my family. Multiple generations often have varying opinions on any subject which causes unnecessary conflicts