Part Owner of a Family business, looking for some advice.
Let me start by saying that this family business goes way back to my grandpa. He opened a middle eastern sweets store (Knafeh, Baklava and such). And after passing away in 2006, the business is now owned by my father (the eldest) and my 3 uncles.
So far we have 5 branches, 2 of them in the same city and 3 of them in different ones. The main branch has the factory right above it, I worked in the factory for a couple of years, learned a few types of sweets, and mostly worked as a technician in the business.
In 2024, the one who runs one of the branches (not part of the family) decided to quit and open his own store, he was in debt, and the store wasn't profiting. My older brother and I stepped in (my dad was the owner of that branch, but worked in the factory as a technician too).
My older brother barely worked in the business, he has an entrepreneur mind, but working with him the past 2 years has been difficult, he micromanages, he considers himself as the owner since he is the older one and that he knows the most, he isn't a good leader, and doesn't know how to manage himself, other people and money.
Currently he is the owner, the business is being run by him, my dad doesn't really care how we deal with things, and even though I went to him before about these problems, he doesn't do anything, he just wanted to give his children "something".
My brother is smart, he notices things, but he is too negative, and like I said, micromanages, he studied 5 managing and marketing courses on Udemy and considers himself the most knowledgeable, he doesn't listen to advice, and I argued with him a lot about managing money and creating a system, but he doesn't listen to my advice.
We buy most products from the factory for a set price, and we have to sell these products the same price the main branch sells, but the pricing doesn't make sense most of the time, I tried telling my brother that in order to have a good business running, third of the gross income should go towards the COGS, a third for the OpEx and the last third should be the earnings. He thought I was talking nonsense, and that this doesn't work for us, since COGS cost us 50%, although this is very wrong, other wise the business wouldn't survive this long for anyone, we have been in the business for around 40 years.
I don't claim that I know more than my brother, but I am willing to learn, I have listened to a few books, Extreme Ownership, The E-Myth, Radical Candor, The Goal and Profit First. I keep looking for answers, I have a better relationship with employees than my older brother, they like me more, they respect me more, they fear him more.
I am a technician most of the time in my store, and this is how most businesses run in our city, most family owned business, the owners work long hours, they make money, and that's about it. My brother and I believe in franchising and working on the business not in it, but he's actually making it difficult, he's too emotional, one day he wants to conquer the business world, and another day he wants to fire every employee and work in the business himself. He wants everything to be done perfectly, and anything less than that is a probelm to him, he shouts, he screams, he gets emotional, and starts questioning every little mistake.
I make the workd schedule, most of the days I keep my brother out of the store, I don't want his negativity around the store, he doesn't work well with the employees, he doesn't work well in the business, any rules that apply on us, don't apply on him, that's what he believes.
I considered eventually moving him to an investor role, this way he is free to explore other businesses without interfering with mine as long as he makes the money.
I also considered going back to working in the factory and eventually, maybe, become a manager there, but I am married, a child on the way, and I make more money where I am right now. But I also don't want to quit, and I understand the challenges that come with running a business and the path to becoming a leader.
I know I wrote a lot, and I tried to cut it short as much as I could, there are countless stories I can tell about my situations, and I don't mind being the one in the wrong here, I want to learn, become better and do better, I just want to know if I am on the right path or not.