John O' Callahan returned from the University of Guelph as a fresh graduate, engaged to be wed. He told his parents that his fiancée and he would like to take over the family dairy farm after their wedding in the summertime. His parents, Michael and Audrey, were joyful as they had always planned that another generation would be transitioned to by their family farm to hear the news. At exactly the same time they were somewhat anxious since they did not anticipate the decision to come soon, and had not made proper series plans or discussed this dilemma by making use of their kids.
Michael and Audrey sought to make certain that the selling price and other preparations would facilitate them to withdraw contentedly and that any purchase would judge all three of their children. John was given the task of approaching up with a suggestion that limited a reasonable evaluation of Cloverleaf Dairy as an initial point for a family conversation.
Although his parents and sisters looked favorably disposed toward the purchase, in order to continue, the valuation had to satisfy all parties over the short and long term.
PUBLICATION DATE: May 01, 2013 PRODUCT #: NA0230-HCB-ENG
This is just an excerpt. This case is about INNOVATION & ENTREPRENEURSHIP
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