Create and run the new businnes in 6 months

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Reference no: EM13297672

A man is laid off from a job making $100,000 per year. His severance has be depleted. His wife does not work. They have three kids under the age of 14. Live in a over $200,000 home. Each spouse has a high school degree. Both of their families live 6 hours away. He started a business with a successful small business owner who was going to pay him 25,000 after three months. The business was not growing to pay him a salary. He is now driving 6 hours away to work in a family business to pay bills and come home on the weekends. The other man told him he might be able to bring him back to create and run the new businnes in 6 months to a year with a high salary. What should they do?

Reference no: EM13297672

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