Hey /biz/ dumb 18 year old here.
My father did not go to college, rather trade school for HVAC, and has his own successful AC company. His company profits around 5 mil a year (not his net) and he has around 5-10 full time employees. He has ran the company fairlly well, with good logos/name recognition shit.
What should I study in college so when I take over the company, I can expand the company and create new branches around my state? After I go to college I should go to trade school correct?
Here's exactly what to do:
- Go to a good business school and get a 4 year degree in BA
- In your spare time get to know your father's business intimately. Work as a tech, study his books, met his suppliers, learn what challenges he faced and what he faces now. Ask if you can be part of any meetings and even lead them.
- Get to know other companies in HVAC. What are they doing? who owns them? How do they compete. What strengths/weaknesses do they have
If you do these things you could probably graduate, and within a year or two gave total control over your father's company, be doing great and making plenty of money AND not have to spend much time hunched over doing manual labor.
Good luck, you have a great opportunity here.
definitely NOT finance. your business has zero to do with finance. Here's what you need to know in order of importance: