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I have a career path dilemma. Get my MBA to take over family business or . . .?
I am 33 year old male. I have completed college along with two Master's degrees. I have held part time teaching positions, as well as part time freelance positions. I got into investing when I was left an inheritance and I now have a net worth in excess of one million. However, my uncle is about to retire and has offered to leave me in possession of his business. The company is worth somewhere between 30 to 75 million. The catch is I have to apply to get my MBA, complete the two years with an emphasis in management, then get trained in the company operations for a couple of years before taking over.
Here's the problem: The company is in something I don't have that much interest in. My degrees are related to the Arts (hence the teaching and writing) and I have interests in studying music and traveling next year. The company is in something completely unrelated to anything I'd ever do, say, something like construction.
Should I just do the two years of school and get the benefits of taking over that large of a company to secure my financial future? Or should I be happy that I already have plenty of money to live a good life and pursue my own personal interests that won't be as prosperous?
Granted 30 to 75 million is A LOT of money, I already have what most would consider a lot of money and I don't really have to go to a 9 to 5 job to make it. Also, money has never really been a driving force for me. It's nice to have money, but I've been content with a lot less. It might be nice to secure a family's future however. I go back and forth.
Thoughts?
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