I was imagining in my head how everything would look on your resume. I listed two possible scenarios below. I'm assuming you are 24 right now.
Scenario 11 year of entrepreneurship/family business (22-23)
1 year of TFA (23-24)
2 years in business role (when you apply, nearly 3 years by the time you attend) (24-27)
MBA (27-29)
Scenario 21 year of entrepreneurship/family business (22-23)
2 years of TFA (23-25)
2 years in business role (when you apply, nearly 3 years by the time you attend) (25-28)
MBA (28-30)
My own hunch is that from an HR or Adcom perspective anytime someone does 1 year or less of something, it is seen as interesting but unsubstantial. 1 year isn't seen as enough time to acquire expert knowledge/experience and there is always a question mark surrounding why that person left. Of course when we are talking about internships or a gap year, there is no negative. I think 1 year working in the family business equates to that post-college exploratory phase and is a positive - it says, I started going down a path but had enough self-awareness to realize, it wasn't for me. I shifted gears into something more challenging/fulfilling (fill in the blank).
Ultimately there is no perfect answer to your question, and
it is really your call.But, when we look at the two profiles I think most people would feel that the second one belongs to someone who is a little more consistent, someone who will be able to write his essays and confidently reference experiences at TFA as well as in the working world because he has enough experience in both to legitimately do so. By the time you start interviewing for internships and later, jobs you would have 2.5-3 years in your first role post-TFA. Hopefully you will have at least one promotion under your belt in that time. I think the combination of 2 TFA years plus 3 years in business is going to really work for you.
Best,
Leah Derus
fxmabaconsulting . com