"Hiring a kid to work in the family business after graduation is one thing. Buying them a business for graduation is quite another.
According to the Wall Street Journal, more and more parents are buying businesses, especially franchises, for their kids to take over when they graduate. According to the story, 'many parents see business ownership as a better bet for their kids' future than a graduate degree,' and they believe franchises have a built-in marketing system and brand recognition. Though there are obvious risks involved, one parent who bought his son an internet-consulting franchise told the Journal, 'As a parent, the best gift you can ever receive is to see your children happy and successful.'"
[from Inc.]
