You took a job bagging coffee for a business that purchases directly from Guatemala farmers, thereby getting the coffee at a bargain price, while still paying the farmers above market for the coffee. Working with all that caffeine has got you charged up about going into business for yourself. The owner is only 60, but he has told you that he'd like to slow down. He has offered to sell you all or part of the business. What things should you consider in making a decision about what to do?
Answer to relevant QuestionsDuane wanted to start a limo service and already had a name picked out, Amore Limos. While many limos offered bar service, he decided to also provide appropriate snacks – pate, caviar and other high-class nibbles. He ...In Chapter 3, Wilma of Wilma’s Wonderful Winterwear was coping with role conflict and succession issues. Two of her sons were not much interested in the business, while her oldest, John and her daughter, Kay both seemed ...The book asserts “All strategy stars with the owner.” Many of the gurus of strategy say strategy starts with the environment outside the firm. Which do you think is true? Be ready to back it up. Below are several industries that are typically mass market. Can you identify a niche within each market that might be profitable? a. Makeup b. Baked goods c. Cars d. Hotel rooms e. Shoes Do you think a business plan can make sense for a business after it starts? Why or why not?
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