Ep. 189 | Should Every Father Start His Own Business
The Family Teams Podcast
Jeff Bethke
4.9 • 729 Ratings
🗓️ 16 October 2019
⏱️ 8 minutes
🧾️ Download transcript
Summary
Jeff Bethke and Jeremy Pryor talk about fathers starting businesses.
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Transcript
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| 0:00.0 | When the family team model is kind of inverted, right? |
| 0:02.3 | Where it's actually like, no, no, once they actually become adults and are going in later in life, |
| 0:05.2 | then we're actually building a strong team. |
| 0:12.0 | Hey guys, welcome to the Five Minute Fatherhood podcast. |
| 0:14.3 | I'm your co-host, Jeff Beth Key, along with my friend and mentor, Jeremy Pryor. |
| 0:18.1 | Join us Monday through Friday as we chat about quick tips, skills, |
| 0:20.9 | and ways to help equip you on your journey as a father to build your multi-generational family |
| 0:26.4 | team on mission. Stay tuned. |
| 0:33.2 | Hey, what's up guys? Welcome to another five-minute fatherhood. So we got a question that I was asked |
| 0:37.6 | recently. Should every father start his own business? Is it for every single dad? Is it really a good |
| 0:45.7 | idea for us to have and own a family business? And a lot of people listen to, to me, to Jeff, |
| 0:52.3 | to see our, you know, our lifestyles and others, I know, |
| 0:56.9 | particularly for a lot of us in Cincinnati, a lot of dads have made this decision. And so |
| 1:01.8 | this question comes up all the time. Do dads need to start their own business? Is that |
| 1:07.1 | really what we're advocating for to be a family team? Okay. So I want to like answer it in two ways. Okay. First of all, the answer, |
| 1:14.6 | just really briefly is no, not every father should start their own business. However, I do think it's a good |
| 1:20.6 | idea to have a part of your long-term strategy, the acquisition of family-owned assets. That's the |
| 1:26.5 | distinction. I'm not advocating every father |
| 1:29.5 | should start their own business. I am advocating that if you're, if you got 50 years ahead of you, |
| 1:34.7 | in a year in your 20s or 30s, I am advocating that as a part of your long-term family provision |
| 1:41.1 | strategy, you try to acquire some assets. Okay, that's the difference. Now, how do |
| 1:46.6 | you acquire assets? There's a couple different ways you can do that. One is you can start your own |
... |
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