As the next generation, it is important for you to understand the importance of being 'professional'.

While this is important, it's not the most effective way to learn. This experience is usually within the domain of a related industry. While every parent values the experience of having you work in a professional & a much larger business, it rarely extends beyond a period of 2-3 years.

Becoming the proverbial 'frog in the well'. While the intention to expose the younger generation to the inner workings is a noble one and it aims to give them a head start, the fact is that it also limits their worldview to one industry and frequently one company. Another coachee of mine was offered a ' Maruti Gypsy' in the 90's to skip business school and start coming to work after finishing college. I remember my visits to my family business workplace started at the age of 10. The traditional approach for families in business is to catch them young. Successions from the senior generation to the younger generation become challenging when the world view is limited to one industry and usually one company.

Another word for running a business