How a Husband and Wife Transformed Their Business and Created Mutual and Clear Goals
"How A Husband And Wife Transformed Their Business And Created Mutual and Clear Goals"
The case study explores how the owners of a Sandwich Shop were able to meet both their goals as a husband-and-wife team while increasing income and reducing the burden and frustrations of running a small business.
David is a firefighter who loves his work. But he was nearing retirement and wanted an exit strategy that would give him and his wife an income and a shared interest. He decided to open a small sandwich shop. He planned to run the business and continue working as a fireman. Although he had no formal business training, he was a quick learner and soon he opened one more location.
As the business grew, David's wife, Beth, managed many of the day-to-day operations. Beth worked tirelessly and often late at night. Inspired by their success, the couple wanted to expand and open more shops. Beth was totally against it. She was stretched to her limit and was not ready to take on more responsibility.
David and Beth realized that what they needed was a long term plan. Their next call was to their CPA.
Their CPA realized they needed to create a plan that would deliver two equally important outcomes:
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Saranto Calamas | 10/29/2017
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