Developing good spending and cost-cutting habits

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Mini lecture emphasizes the importance of developing good spending and cost-cutting habits. In what ways does May Lynn Schroeder illustrate good spending and cost-cutting habits? Give specific examples.

Do you think the case suggests that Schroder's early strategy of spending less and living inexpensively (which I discuss in the mini lecture) is a good or bad strategy long term? Can the strategy be effective even after a small business has been around for several years? Explain your answer.

To what degree do you think you'd be capable of building a website on Squarespace and setting up an online store on Shopify? If you don't think you're capable of either of these tasks, what can you do now to obtain the necessary capabilities?

Reference no: EM132916379

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