What should be recommended to relatively new family business

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Reference no: EM133501005

Problem: Think about it: a daughter is suicidal, son is busted for drug possession, the bank is recalling a business loan, there is a personality conflict in the business, negotiations on a large contract going south, the marketing firm just tripled their fee, or a notice of new human resource regulations is received. An accountant has no training whatsoever in any of these matters - no psych training - no business management or marketing or negotiations training - no legal training. What do you think about this? What should be recommended to a relatively new family business to avoid this quagmire? Explain why it might make sense to have a set of expert advisors on retainer.

Reference no: EM133501005

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