Business Inheritance Quotes

I wouldn't sacrifice my business for no acting career because my business is something, ultimately, that I know I'm going to pass down to my kids, and that's most important to me than anything else in the world. I can't pass an acting career down to my children.

I never considered the clothing business in college. But my father was a manufacturer of men's wear in the Northeast and wanted to investigate manufacturing in Asia. In 1972 he sent me to Japan, Taiwan, and Hong Kong for four months. I'm convinced it was his way of getting me into business, rather than letting me be a hippie.

According to the Small Business Administration, more than 70 percent of all family businesses do not survive through the second generation, and 8 percent do not make it to a third.

People who build family businesses are not classically trained. They have to deal with an enormous amount of politics. You think corporate politics are tough? Go work for your dad or your mom.

I don't think I should ask my kids to inherit my business, because they can't start where I did: I was from the street. I'm a very different make of person. I've been a fighter all my life.

I went into the family business. To me, it was the norm and not the exception.

If, as is generally the case, the heirs are not equal to the demands which life makes on an entrepreneur, the inherited wealth rapidly vanishes.

I was raised in, and presumably to, the cutlery business. I really didn't think that that's what I wanted to do for a career. But I felt a certain obligation to give it a try.

We know so many people who have gone into the family business even when they had no interest in it because that was the easiest choice. I feel this is a huge debate in India because it applies to every field and not just Bollywood.

I think there's an assumption when you have a parent in the business that you're given some kind of a cheat sheet at an early age. Some kind of upper hand or some kind of advanced understanding of how the whole thing functions - maybe how to operate within it. I never felt I received that cheat sheet and grew up pretty removed from the business.