Beatrice Watts is interested in launching her own bakery in her community. She has long wanted to do this given her interest in baking and her desire to use some of the recipes she learned watching her grandmother cook when she was younger. In response to talking to her about her business idea, a local investor has agreed to partially fund Beatrice’s bakery. Beatrice is very appreciative of the investor’s interest and pleased to learn that she will receive some of the funds from him that she needs to open her bakery. She wonders though if there are any other ways the local investor might be of value to her as she launches her entrepreneurial venture. Given your knowledge about investors and their potential contributions to entrepreneurs, what would you tell Beatrice she might expect from the local investor?
Answer to relevant QuestionsHow did the “liabilities of newness” affect Justin Gold as he attempted to formally launch his entrepreneurial venture? How has Zappos gone about recruiting key employees and why are the employees so critical to the firm’s ongoing success? What alternatives did DrawQuest have for generating income for its app? Why do you think the company didn’t try any of these alternatives before shutting down? What can people learn by attending a Startup Weekend, even if they ultimately do not stay together with their team after the weekend ends? What is the purpose of the investment bank in the initial public offering process?
Post your question