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Keeping ourselves in his shoes, we have analyzed various alternatives based on the following data:-
a) Balance Sheet as on 31st December 2005.
b) Statement of earning for year ending 2005.
c) Population and housing statistics of Canadian suburb.
d) Business history and experience of Rocco Rapini.
The criteria of our analysis is that he must change his life style as advised by doctor and
at the same time earn sufficient money for the future financial stability of his family.
Selling the present big size show room and moving to suburb area:
He will h…
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…rby vicinity as she has shown her administrative
and selling acumen in past and has taken several courses in interior design and decorating. This will act as a moral morale booster for him.
Conclusion:
We have analyzed all the options available. Since his wife Concheta can not operate the present business on her own, we recommend him to sell his present big show room and move to smaller show room. It is the most viable of all the available options. This will also keep him active and will be least stressing which is the need of the hour.