Question: Patty Carroll is thinking about opening a high end fashion boutique
Patty Carroll is thinking about opening a high-end fashion boutique in an affluent suburb of Minneapolis. She contacts an angel investor she knows has previously invested in this type of firm and asked if he would read her business plan. She receives the following response from the angel investor: “I’d be glad to read your plan. But you should know that when examining business plans for high-end fashion boutiques, the section that I concentrate on with great intensity is called ‘The Economics of the Business.’” Why do you think the angel investor concentrates on this particular section of a business plan when studying proposals to launch a high-end fashion boutique? What specifically do you think the angel investor is interested in understanding when concentrating on this section?
Answer to relevant QuestionsWhen is the appropriate time to write a business plan? What qualities do Sam Goldman and his team have that will help them solve the problem of providing light to the billions of people in the world who lack access to reliable electricity? What does the Fitbit Force incident tell you about Fitbit’s ethical culture? Spend some time studying Patagonia, by looking at the company’s Web site and its Facebook page, and via other Internet searches. Describe Patagonia’s general approach to business ethics, social responsibility, and ...What is the difference between preferred stock and common stock?
Post your question