E484 – Current & Critical – Hafiz Mitha, Buying vs. Building: How Taking Over a Family Business Changed an Entrepreneur's Life
“My goal has always been to help retire my parents. They didn’t see it because they were stuck in the business and pending sale, and there was no one to take it over.”
The next wave of entrepreneurs isn’t just starting businesses—they’re taking over existing ones. Hafiz didn’t plan to step into his family’s business, but when an impending sale fell through, he saw an opportunity to modernize, scale, and revitalize what his parents had built. He shares how he navigated the transition, optimized operations, and introduced a fresh vision while preserving the legacy of his family’s work. His story is a playbook for anyone looking to take the reins of an existing business—whether a family-owned operation or an independent acquisition. With so many business owners looking to retire, the path to entrepreneurship may not be about starting from scratch but stepping into something great and making it even better.