Maybe not Cowboys but how about Auto Recycling Entrepreneurs?
I have attended five trade shows as a Guest Speaker in 2017. I have met many young people who have decided to stay in the business their parents and grandparents founded. I am continuously amazed at their energy and focus on the auto recycling business. Some have gone off to college and studied in a variety of disciplines, most of which are not business related. To my knowledge, there isn't a degree for Auto Recycling that is offered. However, I believe there is something even better.
Drum Roll Please . . .
Why aren't we encouraging our next generation to attend a college that offers an "Entrepreneurship" major.
But Paul, isn't entrepreneurship for people who want to "start-up" their own business? Heck No! Many students who select entrepreneurship return to the family business or are recruited by multi-national companies.
Most entrepreneurial majors return to the family business with the hope of turning the ship in a new direction, updating the "old ways", creating a path of succession that is agreeable and profitable to the older generation, as well as the next generation.
What is so special about an Entrepreneurial course versus a standard business program? Entrepreneurship Programs are interdisciplinary which means that these students are taught to think on a higher level about an organization, not just an individual segment. This gives then the advantage of understanding how all the pieces work together and how they can be changed to meet the needs of the new way of business. They are not hindered by old school thinking.
Isn't that what we need in the Auto Recycling Industry? A fresh look? A new perspective?
To put things in perspective, we need to create an environment where our children want to join the family business, which means they need to be educated to do so. Challenge your High School age children to seek out information on entrepreneurial studies. It is more than a major, it is a paradigm shift in how they view their future in the family business.
Before I wrap up this blog, click on the song title for an interesting history of "Mama, Don't Let Your Babies Grow Up to Be Cowboys", originally written by Ed and Patsy Bruce, but made famous by Waylon Jennings and Willie Nelson.
Next time you ask your High School child what they want to do with their life . . .follow up with; Do you want to get a degree or Change the World?