Should You Quit Your IT Job to Join Your Dad's Business?

Transitioning from an IT job to a family business is a significant career move that requires careful consideration. Here are critical aspects to evaluate when deciding whether to stay in your current role or pursue a role within your family's business.

1. Passion and Interest

Does your heart truly belong to your dad's business? Is it something you are genuinely passionate about, or has your interest in the IT field already shaped your career path? You need to assess whether you would find more enjoyment in contributing to your dad's venture compared to your current IT role.

2. Career Goals

Your long-term career aspirations play a crucial role in this decision. Does joining the family business align with your career objectives? Consider the potential for growth within the organization and how it fits into your career trajectory. Will the move help you achieve your goals more effectively?

3. Financial Stability

Financial security is paramount. Evaluate the financial implications of the decision. Would the family business provide a stable income, and how does it compare to your current salary and benefits? Hidden costs, such as relocation expenses, should also be considered.

4. Job Security

Assess the stability of the family business. Is it a thriving and growing enterprise with potential for long-term success? Stability is crucial, especially if you are looking for job security and a reliable income stream.

5. Skills and Experience

Joining a family business could provide opportunities to develop new skills or leverage your existing IT expertise in a different way. Consider how you can utilize your IT skills within the business and whether this role offers new learning opportunities.

6. Family Dynamics

Working alongside family members can be both rewarding and challenging. Consider how this decision will impact your relationship with your dad and other family members. Discuss your thoughts and concerns with them to understand their perspective.

7. Work-Life Balance

Reflect on the work-life balance in both scenarios. Which job offers better flexibility and satisfaction? Ensure that the choice you make aligns with your personal well-being and lifestyle.

8. Exit Strategy

Have a plan in place for the possibility that things may not go as expected. What will you do if you decide that the family business is not the right fit for you later on?

Exploring Opportunities within the Family Business

Even if you decide to stay in your current IT role, you can use your interest in IT to benefit the family business. For instance, you could start an IT branch or become the company's Chief Technology Officer (CTO) or Chief Information Officer (CIO). This could help modernize the business and bring new perspectives to the table.

Evaluating the Current Company Environment

Before making any decision, thoroughly examine the current company environment, work style, and people dynamics. Consider the following:

Will you be able to improve and learn in this environment, developing both personally and professionally? What will you have to live with or give up if you join the company, especially if you are aiming for succession in the near future?

A clear plan and mentoring outline are essential if you are set for succession. Having an open and honest conversation with your parent or family member to align your plans and goals will prevent unmet expectations and wasted time.

Conclusion

Taking the time to weigh these factors is crucial. It may also be beneficial to discuss your thoughts with trusted friends or mentors to gain additional perspectives. Ultimately, the decision should align with your personal and professional aspirations.