u/Ecstatic-Rich-8068

Hey reddit, I have an interesting problem for you. I'm now in the age where taking over/contributing my family business is part of life expectations and it's giving me some doubts on what we should do. Below are a few details of the family business:

1. It's in a very niche area of interior design, where we consult MNC brands and help them build temporary structures
2. The current clientele is extremely concentrated in sector
3. It is extremely labour intensive, as a sales person, you don't just pitch to clients but you would have to oversee the entire project from ideation to the projects construction and finally installation so each project can run around 3 to 4 months with constant crunch
4. The company generates around $1M to $2M in net profit (EBITDA) annually, though it is cyclical and sensitive to market downturns.
5. We currently have no outside investors or shareholders. Everything is owned by my father and mother

In terms of moats that the businesses has, I think it's all based on the trust clients have on the companies ability to execute. The current situation is that if I am unable to take over, there is a real consideration that we either sell part of it to a PE firm and have them help us scale our revenue while eroding our margins with the end goal of listing it in our countries exchange. We would ideally want to find ways to scale it ourselves by expanding our list of clientele's but seems difficult since we are constrained by both PM talent and also the factories necessary to construct the jobs. Any suggestions/inputs would be great.

P.S. I come from a software development/data science background so this is fairly out of my depth.

Hey reddit, I have an interesting problem for you. I'm now in the age where taking over/contributing my family business is part of life expectations and it's giving me some doubts on what we should do. Below are a few details of the family business:

1. It's in a very niche area of interior design, where we consult MNC brands and help them build temporary structures
2. The current clientele is extremely concentrated in sector
3. It is extremely labour intensive, as a sales person, you don't just pitch to clients but you would have to oversee the entire project from ideation to the projects construction and finally installation so each project can run around 3 to 4 months with constant crunch
4. The company generates around $1M to $2M in net profit (EBITDA) annually, though it is cyclical and sensitive to market downturns.
5. We currently have no outside investors or shareholders. Everything is owned by my father and mother

In terms of moats that the businesses has, I think it's all based on the trust clients have on the companies ability to execute. The current situation is that if I am unable to take over, there is a real consideration that we either sell part of it to a PE firm and have them help us scale our revenue while eroding our margins with the end goal of listing it in our countries exchange. We would ideally want to find ways to scale it ourselves by expanding our list of clientele's but seems difficult since we are constrained by both PM talent and also the factories necessary to construct the jobs. Any suggestions/inputs would be great.

P.S. I come from a software development/data science background so this is fairly out of my depth.

I’ve finally managed to negotiate a fully remote position from hybrid. Ill be making slightly more but will now not need to stay in London anymore.

So I was thinking with the amount of money I’ll be saving in rent, I’ll be able to travel around different countries and live in each one for a month or two before hopping to another one.

Do you guys have any suggestions of countries I should try digital nomading. Currently thinking of Japan, Thailand, Vietnam and maybe China.

If you’ve had experiences with living in this countries I would be interested in your opinions/ pros and cons !