A person with experience in the industry is thinking about opening a high-end fashion boutique in an
Question:
A person with experience in the industry is thinking about opening a high-end fashion boutique in an affluent suburb of Minneapolis. The individual contacts an angel investor who previously invested in this type of firm and asked if they would read their business plan. The angel investor provided the following response: “I would be glad to read your plan. But you should know that when examining business plans for high-end fashion boutiques, the section I concentrate on with great intensity is called ‘The Economics of the Business.’” Why do you think the angel investor concentrates on this section of a business plan when studying proposals to launch a high-end fashion boutique? What do you think the investor is trying to understand by concentrating on this section?
Step by Step Answer:
Entrepreneurship Successfully Launching New Ventures
ISBN: 9780138091828
7th Edition
Authors: Bruce R. Barringer, R Duane Ireland