Carrying on the legacy: Children who take an interest in the family business

I always notice when I see children helping their parents in the family business. Sometimes I am even impressed when the children are actually selling or serving customers.

This allows children to develop many skills such as selling, communication, customer service. These children can carry on the family business or chose to go n their separate paths.

In Trinidad I learned that different tribes of people leave a legacy for their children to inherit while others are indifferent.

“I asked my father for the tools to start my business” he exclaimed as we waited outside the bank waiting for 8:00 a.m. He was glad that his father provided him with the equipment and implements to start his air conditioning installation business. He was looking for an audience ,even one listening ear as we waited. He lamented that parents now are so bent on seeing their children struggle to “earn their stripes”. He considered this to be foolishness because to do this deprives children of getting a head start in life.

I listened as a friend brag ut how many wigs she owned. She valued them to be around $15,000 TTD. My stomach turned. I wondered what her children would do with this. Imagine if this was in mutual funds or actually invested in a wig business that she could pass down to her children.

About the Author: Antoinette Sydney LLB LEC CAMLFC CFRMP, Bar No. SYA2015211, Attorney at Law. The author is the first Online Lawyer based in Trinidad and Tobago. SHE IS A LECTURER AT  THE ARTHUR LOK JACK GLOBAL SCHOOL OF BUSINESS IN TRINIDAD. She has clients in Guyana, St Vincent, Barbados, the British Virgin Islands and North America. She specializes in Corporate Law and Anti-Money Laundering Compliance. She helps clients to start their Online Business Empire.



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