Faculty News | | 01 Jul 2011
Whether to Shutter a Struggling Family Business
Re: John A. Davis
"The business model either needs to change to become cash positive, or it needs to be sold or closed. Your friend needs to confront her father with the consequences of continuing to run the business at a loss; if he refuses to face reality and change how he is managing it, your friend needs to try to protect family assets from his use," Davis says.

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