Thompson fulfilled his dream of running your own business, but after two years continue to borrow money from their parents, and are faced with an angry boss seeks back rent. Opening of the 2nd place in the more prosperous shopping center seems to have helped profits, but they face a high year-end inventory levels necessary discounts and reflects the risks associated with the "fashion" oriented children's clothing retailer. Having your own business has put stress in their lives and relationships with family. Her parents provided initial and ongoing funding, and their son, a lawyer, has expressed its concern about the competence of a local lawyer, who was suggesting that they consider bankruptcy. When faced with the peak of the Christmas season, they realize that they can lose their "dream child", and not sure what it is, how it works business, financial statements or their location.
After three years of losses and in accordance with legal threats from the landlord, husband and wife team face off down the company, buying time with the owner or turn to their parents for additional funds. Despite the opening of new places and see that sales were up last year, its financial statements are still reporting losses forcing them to consider what steps to take to make children's clothing retail business around. "Hide
by James M. Sharpe, Howard H. Stevenson Source: Harvard Business School 17 pages. Publication Date: July 30, 2012. Prod. #: 813042-PDF-ENG
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