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Consumer os a bit of a shit sector. Not hating, its just cyclical and less and less PE houses are investing in cyclical sectors.
Otherwise I think its a great opportunity. You'll make far more through equity taking your business through multiple turns of PE ownership than grinding IB. Especially if you get some buyvand build going.
Doesn’t hurt to do IB or PE for 2 or 3 years to get experience and then start managing your company
This! Do both brosky. A few years of IB while you start to think through plans with your parents
Grind ur way up PE and buy out ur family's business. Nice lil double dip
Go your own way. Better to do your own thing rather than get involved in family politics, especially over a smaller company. You're not a scion to Cargill or Mars.
Start your own biz or buy someone else's (or go down the LMM PE route if you are passionate about buying smaller business).
In a similar boat. Truth is that if you have confidence that the business will grow your odds at becoming wealthy will happen much easier with the business. Don’t fuck yourself because you think you’re given an advantage; take advantage of every advantage you’re given in life and fuck what everyone else thinks. You can also grow and expand the business into different verticals the way you want.
Same boat here, considering a few years in IB then take all of that knowledge and grow the family business. Ours is in specialty agriculture (not gonna name it bc I am 100% the only person in IB from this background) but the work is just as challenging but our end product makes a ton of people really happy. Nice to see other people in this boat
Bumping this thread! OP super curious to hear what progress (if any) you’ve made towards this.
I am a 2nd year PE ASO facing a similar situation (family business is roughly the same size albeit a different industry).
Receiving a push from the family to step in and play a major role off the bat given how much professionalization of the business needs to be done. For reference, it is only one parent who owns/runs the business; however, my family feels strongly about my ability to help (no politics or anything like that, just have had some deep conversations).
I share the same mindset as you where I have felt a relentless desire to forge my own path throughout my life. However, I now recognize how far I’ve let my stubbornness and pride prevent me from taking advantage of a special situation. Self awareness is key!
I think once you do a few years in high finance, you’ve more or less proved yourself (and have learned relevant skills too).
No one can say you didn’t work and now you can work on the business with a professional approach, with work ethic, etc.
Family business it’s a no brainer man. Do you want to be rich or do you want to work in PE? Your exit from that family business will allow you to do many other things later.
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