5. What should Tim do now? Should he close down the Company or continue the venture? What would YOU do if you were Tim and why?

5. If I were Tim, I would not close the company. Because I see a change happening when the company is able to pay the employees who are in need. One best solutions is to test another business model and incorporate it further. But at the same time, there are three issues and they are lawsuits, deferring in salary, and the same business model. I would be a business strategist and work on a different business model to achieve the same result. After testing the hypothesis, I would try to cut down the expenses by employing more part-time employees over full-time employees. In terms of investments, I would look for a loan or will share stock of my company to get the investment to keep my business running. With regard to the lawsuit, a lawyer can be hired and the case can be pushed to later dates or can be settled in a few months' time as and when I recover.