Should kids inherit the family business? Leaders say let them choose

Prominent business leaders have shared their views on whether children should follow in their parents' entrepreneurial footsteps. Raghunandan Saraf, Founder and CEO of Saraf Furniture, argues that young people should choose careers matching their own skills rather than feeling forced into business. Saraf believes success is not defined by building a company but by a person’s ability to support themselves and find happiness. He stresses that entrepreneurship is not an automatic path for children of business owners. Instead, he advocates for teaching life skills such as problem-solving and independence, which serve children well in any profession.

Aman Gupta, Director of RPS Group, agrees that entrepreneurship is a learned ability, not a duty tied to family background. He notes that children raised in business families often develop useful traits like adaptability, decision-making, and risk assessment. These skills can benefit them in many areas beyond running a company.

Both leaders warn against pressuring children into entrepreneurship. When forced, young people may experience frustration or unnecessary stress. They also highlight that children who freely explore different interests are more likely to uncover their true passions. The message is clear: children of entrepreneurs need not continue the family business. Encouraging them to explore their own strengths leads to greater self-sufficiency and satisfaction. This approach helps them thrive, whether in business or another field.