Question: Justin plans to write an e-mail message to his dad asking for a loan. The purpose of the loan will be to start a company

Justin plans to write an e-mail message to his dad asking for a loan. The purpose of the loan will be to start a company to sell an environmentally friendly line of cleaning supplies that are suitable for light manufacturing facilities. Justin has spent the past two years developing the products in his spare time, and wants to convince his dad that the idea represents an attractive business opportunity. In your opinion, what information and insights about the company he wants to start should Justin include in the e-mail message?

Step by Step Solution

★★★★★

3.40 Rating (169 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Justin should try to convince his dad that 1 The idea meets the four test... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

535-B-M-L-G-M (1841).docx

120 KBs Word File

Students Have Also Explored These Related Management Leadership Questions!

An environmentally friendly green home (99% air tight) costs about 8% more to construct than a conventional home. Most green homes can save 115% per year on energy expenses to heat and cool the...

Your camping buddy has an idea for a light to go inside your tent. He happens to have a powerful (and heavy!) horseshoe magnet that he bought at a surplus store. This magnet creates a 0.20 T field...

Your company is interested in developing information about quality but has a traditional accounting system that does not provide such information directly. In a three- or four-person team, prepare a...

SBM 226-Assignment II (20 Marks) Due Date- January 19, 11:59 PM 1. Identify the business licenses you may need when starting your business 2. Describe the different business structures for starting...

1. Identify the business licenses you may need when starting your business. 2. Describe the different business structures for starting your business. 3. Find an example of a start-up incubator or...

Justin, a product development specialist at DuPont, plans to write an e-mail message to his dad asking for a loan. The purpose of the loan will be to start a company to sell an environmentally...

Section 1. Introduction to Entrepreneurship: How can one differentiate an entrepreneurial firm from any other type of firm? Karen Jenkins has a good job working for the City of Barcelona but is weary...

1. What are some characteristics of an entrepreneur? 2. Tammy, a product development specialist at Procter & Gamble, plans to write an e-mail message to her father asking for a loan. The purpose of...

Tammy, a product development specialist at Procter & Gamble, plans to write an e-mail message to her father asking for a loan. The purpose of the loan will be to start a company to sell an...

Let T1: P1 P2 be the linear transformation defined by T1(c0 + c1x) = 2c0 - 3c1x and let T2: P2 P3 be the linear transformation defined by T2(c0 + c1x + c2x2) = 3c0x + 3c1x2 + 3c2x3 Let B = (1, x),...

A company borrowed $150,000 on May 1, 2013 and signed a promissory note bearing interest at 10% for 6 months. On the maturity date, the company paid the interest in full and gave a second not without...

Give any two functions key and their functions in sage pastel

Exercise 102 Mirobel Trucking bought three used trucks for $60,000. An independent appraisal of the trucks produced the following figures: Truck No. Appraised Value 1 $24,000 2 22,000 3 20,000...

What are the two potential pitfalls of using a team to start a firm?

1. In retrospect, Brinckerhoff believes that it would have been to Devvers advantage to have had a business-oriented cofounder as part of Devvers new-venture team. 2. Do you think the reverse is...

What is a new-venture team?

please please help Suppose you borrowed $31,000 at a rate of 10,0% and must repay it in 5 equal installments at the end of each of the next 5 years. How much interest would you have to pay in the...

Finding WACC Bluefield Corporation has 5 million shares of common stock outstanding, 750,000 shares of 7 percent $100 par preferred common stock outstanding, and 250,000 11% coupon bonds outstanding,...

Ferrari NV, is evaluating a project the produce a new supercar. The anticipated cost of purchasing new equipment and facilities for the project is $720 to be paid at inception of the project. The...