How do I assess my parents' small business situation?
January 3, 2013 6:27 AM Subscribe
Both my parents and one of my partner's parents run small businesses, and they're not doing well.
posted by anonymous to work & money (13 answers total) 2 users marked this as a favorite
In both cases there isn't really much systematic book keeping, and in one case there are mental health issues to complicate things.
I've been asked to help out (I wouldn't interfere on my own) because I'm the numbers guy who can hopefully provide some clarity and rationality in messy situations, but while I'm able to, say, analyze cash flows, I don't really have any experience running a small business on my own.
How should I approach this? What should I watch out for? Any resources? We're all in different EU countries if it matters.