12 year old owning a truck business
Answer1:ausome i want my own business!!!
Answer2:You sound like a mature 12 year old hun, dont worry you can do ANYTHING you put your mind to!!Just listen to your dad and learn as much from him as you can. You wont learn it overnight, but you will understand it all in time. Good Luck!!
Answer3:I have faith in you, i was in the same position around 5 years and i coped with it, now i have the life that i want with a happy family.
Answer4:How can you run a business and go to school? Knowing your way around a computer is not all it takes to run a business.
Answer5:No, I dont think you can. Legally I dont think you can because you are a minor and cant legally be held responsible for any legal issues that would arise, your dad needs to talk to a lawyer about this.. there are way too many issues with running a business that you cant pick apart here on yahoo answers.
Answer6:if you put your mind to it you can do anything, 12 yrs might be young but youll learn things down the road computers are a big part to any business so that will give you a headstart maybe try getting those "for dummies" books see if anything in there can help
Answer7:Dont worry! You dont own the business yet!If your dad has to give the business to someone soon, he is best off selling it to someone.I dont think its legal for a 12 year-old to inherit a business
Answer8:At 12 you would need some one of legal age to run the business, you are not old enough to enter into legal contracts. Your father is merely teaching you the business, he is not looking to hand it over to you until you are old enough. I suggest you discuss your concerns with your father, but legally you could not run the business, but for now he still is in control of the company, and will remain so until he dies or retires.
Answer9:Okay, not to dash your hopes or anything, but twelve is WAY too young to even think about owning a business. If your dad is actually expecting you to run it at that age, then hes absolutely off his rocker. You can do a LOT of stuff at twelve, and Im not trying to say that youre incompetent, but youre still a kid. You may want to think youre grown up (I certainly did) but trust me: you arent. You will grow so much year-by-year that by this time two years from now, youll look back and think how childish you were. By the time you hit sixteen, youll look back and think back when I was twelve, and by the time youre eighteen, youll group twelve in with the rest of your childhood and it will blur in with ages like eight and ten. Dont feel so pressured. I know you feel like everything is riding on you, but I promise it isnt. Your dad can find someone to run the business until youre old enough to take over. Its fine that hes showing you the ropes now -- thats a great bonding experience for both of you, and will prepare you to take over the business when youre old enough. You should also consider the logistics of your running a business now, and bring them up with your dad. Honestly, no matter how mature you are, people are going to see you as a child, and view you as such. Try to imagine having a six-year-old giving you orders. Would you take them seriously?Lastly, both you and your father should consider YOUR happiness. Is running this business what you want to do with your life? Or do you have something else in mind? Never be afraid to follow your passions.Best of luck.
Answer10:Dont worry. There is plenty of people who has owned that type of business who can help you. Visit the source listed below and they will guide you when you need it most. They will even have the voluteers come to your dads place of business and check to make sure things are going smoothly. They will also help your grow the business when you are ready to do so.I hope this encourages you and help you be more confident about the business. Dont be afraid to make a few mistakes. You learn the most from them when you do and make you a better and smarter boss.
Answer11:Yes, you certainly can run the business. It should be set up as either an LLC or a corporation (preferably an S-Corp) while your father is still alive and he should make sure you have control over the company when he retires. It is true that you are too young to legally sign papers, but you can continue running it.When your father does eventually leave the business you should anticipate having problems with your older siblings due to your age. I think you can minimize this problem by making it clear that you run the office and they drive the trucks.Learn everything you can from your father about how he runs the business while you have the opportunity. Be sure to make notes and dont be afraid to ask questions if you dont understand. Dont worry about making mistakes when running a business, we all make them. Most of the decisions you wind up making arent very important over the long term and if 9 out of 10 of your minor decisions are wrong it isnt going to hurt -- very much. Just learn to identify which decisions will make a big difference, think through what your risks and your gains will be for either choice and then make your decision. Do this and you wont make any mistakes that will kill the business. Do continue in school and plan on getting a degree in Business Administration.
Answer12:I think you dad is just alot of talk right now. Yeah, he may show a few things, but truly, running it at 12? and boss your older brothers around?---I think your blowing smoke!!! Your dad isnt going to trust his salary and his sons salary to a 12 year old right now!!! and like your brothers are really going to listen to you.
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