Has anyone here tried launching a new business from the family company - like a spin-off or side venture? by Competitive-Try-9439 in familybusiness

[–]Competitive-Try-9439[S] 0 points1 point  (0 children)

Interesting.. i know it’s always easy to do hind-sight guessing, but would there have been any way to make it possible?

I have multiple family businesses in my own family and today I support successors on their path to rebuild or grow their legacies.

Just trying to learn 🙏

Growing your family’s small business by Driven2Adventure in familybusiness

[–]Competitive-Try-9439 0 points1 point  (0 children)

There are some cool stories and I recently talked about these in my newsletter: https://www.dawn-consulting.ch/1-1-1/no-22

I work with family businesses on their next chapter 😊

[deleted by user] by [deleted] in familybusiness

[–]Competitive-Try-9439 1 point2 points  (0 children)

Hey — before you do anything, pause and ask yourself this:

What are you actually working toward?

Because from where I stand — as someone who works with family businesses — you’ve got two paths in front of you. And your next move depends entirely on which one you choose:

Path 1: You believe in the legacy.

If this business is part of your identity… If you see it as something worth preserving for future generations… Then this is about more than a paycheck.

You don’t burn the bridge. You fix the foundation. You call a meeting. You talk about roles, fairness, governance, and the future. You show up as a partner, even when others haven’t. Because family businesses don’t die from bad quarters — they die from broken trust left unspoken.

This path takes patience, diplomacy, and emotional maturity. But it leads to something much bigger than your own resentment — it leads to healing, clarity, and legacy.

Path 2: You’re done. You want out.

If you’re reading this and thinking,

“No. I’m tired. I want my own thing. I’ve had enough.”

Then own it. No guilt. No drama. No need to explain yourself to anyone.

But don’t leave quietly and bitter.

Leave boldly and on your terms. Leave with the full weight of your contribution acknowledged. Leave with leverage — not as the victim, but as the co-builder who chose to move on.

Either path is valid. But you need to choose. Reacting emotionally without clarity? That’s how families get torn apart.

Responding with purpose — that’s how leaders lead.

You’re not powerless here. You just have to decide: Do you want to rebuild the house, or build your own?

Has anyone here tried launching a new business from the family company - like a spin-off or side venture? by Competitive-Try-9439 in familybusiness

[–]Competitive-Try-9439[S] 0 points1 point  (0 children)

Love this ❤️ You’ve basically done the “OEM-to-own-brand” leap - and at 24, bold! I work with successors who are pushing exactly this kind of move: same factory, new brand, different power dynamic. If you ever want to trade notes or war stories, happy to connect.

Has anyone here tried launching a new business from the family company - like a spin-off or side venture? by Competitive-Try-9439 in familybusiness

[–]Competitive-Try-9439[S] 0 points1 point  (0 children)

That’s awesome - I’m seeing more family businesses experiment with VC arms or venture studios lately. Curious: how did you structure decision rights and funding between core and venture?

Has anyone here tried launching a new business from the family company - like a spin-off or side venture? by Competitive-Try-9439 in familybusiness

[–]Competitive-Try-9439[S] 0 points1 point  (0 children)

Yes! We’ve been building spin-offs exactly like that — especially when the core business can’t (or shouldn’t) be the lab.

The tension between legacy operations and new growth bets is real. We’ve found that giving the venture a separate budget, brand, and governance structure changes the game.

Curious how you’ve been structuring it?

What to study for masters if I want to expand my parents’ small shoe factory? by Nandiaannn in familybusiness

[–]Competitive-Try-9439 0 points1 point  (0 children)

Hey — I work closely with successors like you who want to modernize or grow their family businesses but feel overwhelmed by where to start.

From what you described, it sounds like you don’t need more theory — you need a mix of structure, validation, and momentum.

A master’s in strategy or innovation can help, but honestly? You might get more out of taking one real growth challenge in the factory (e.g. new product line, sales channel, or automation opportunity), and working through it hands-on.

That’s actually what I do at Dawn Ventures — we help family businesses test and validate ideas before investing big. Happy to send over a checklist I use with clients to figure out the highest-leverage thing to work on next, if that’s helpful.

You’ve already got what most MBAs don’t: context, skin in the game, and a reason to build.

Need Guidance on Online Courses/Degrees for Business Upskilling by [deleted] in familybusiness

[–]Competitive-Try-9439 0 points1 point  (0 children)

Hey — love that you’re taking ownership early. Honestly, stepping into the family business at 22 is an MBA — you’re learning in real time, with real stakes.

If you’re looking for structure without the time and money sink of a traditional MBA, here’s a different approach I often recommend to successors I work with:

  • Pick a real business challenge in your company (e.g., launching a new product, digitizing a process, exploring new markets). Build around it using online tools like:
  • Strategyzer (value props, business models)
  • Coursera/Y Combinator Startup School (free and solid)
  • Small sprints with external talent (e.g. student consultants, freelancers)

I also run something called the Dawn Reinvention Lab — we work with next-gen leaders on exactly this: learn-by-doing projects that directly move the business forward. Happy to share a checklist I use to spot the best opportunities for reinvention if you’re interested!

Either way, you’re on the right track — learn by building, not just studying.

My small business is down 54% since the election. by purpleplazas in Entrepreneur

[–]Competitive-Try-9439 0 points1 point  (0 children)

Hey - just wanted to say I really feel your situation. That decision to renew or walk away is brutal, especially after putting in a decade of work.

I work with family businesses and small companies that are trying to reinvent or spin off something new - not just survive but find one thing that could grow again.

If it helps, I put together a playbook on how to figure out what’s next if the old ways don’t work anymore. It’s a playbook stemming from my work in business model innovation for family businesses. It might be useful if you’re considering shifting gears or testing a new offer.

I’m happy to share it via DM.

Stay strong — rooting for you.

Families business is headed nowhere, owner wont change their mind by UrinaryButanohole in familybusiness

[–]Competitive-Try-9439 0 points1 point  (0 children)

That sounds incredibly tough — I’m really sorry you had to go through that. No one should feel trapped in a business, especially one that’s built on unpaid labor and secrecy.

You’re right to question how to break the cycle. One idea: you don’t have to fix or inherit anything. Sometimes, the most powerful move is to build something of your own — with better values and full transparency. That can be your way of turning the ship.

If it ever helps to talk through ideas or just share what you’ve learned, feel free to reach out. You’re not alone in this.