Old Bay Insurance Agency Blog
When a famous business tycoon dies, it makes us think what would happen to the company they leave behind. The same thing goes if the owner is too old to run the business.
As a business owner now and a parent at the same time, you hope your children would be as passionate and dedicated to run the family business as you do. But unfortunately, your kids can change their mind about running the business, or not completely sold with the idea. There are many other reasons why your children would rather not manage the family business.
Common Reasons Why Kids Are Not Interested
It is a great feeling and adds to your peace of mind, if your children are willing and able to take over the family business when the time comes that you will retire. But, be also prepared to accept that none of your kids will continue the job for the family.
There are so many things that you need to prepare before you retire. Make sure you have life insurance to help your family run your business when you are too old enough to do it, or simply gone. At Old Bay Insurance Agency, we aim to provide comprehensive insurance policies that makes your life easier. You can get more information about our products and services by calling our agency at (410) 777-5390. Get your free quote today by CLICKING HERE.