User Account

All Pages

How can kelly and noah prepare for a successfully persuasive

Assignment Help Accounting Basics
Reference no: EM132855263

CASE SCENARIO: Starting a New Business

This case scenario will help you review the chapter material by applying it to a specific situation. Kelly Lee and Noah Walker meet in a marketing class and recognize that they have two things in common. First, they enjoy working with animals. Kelly's family breeds Irish setters, and Noah works part time in a veterinary office. Second, they both want to be entrepreneurs. After some initial market analysis, they decide to collaborate on creating a pet daycare center, Pet Haven, that will offer daily workouts for the animals, hourly playtime and petting with individual handlers, and clean and roomy cages or containment areas.

To get Pet Haven up and running, Kelly and Noah realize they must persuade either a bank or other investors to give them a small business loan. Then they must persuade potential customers to use their service.

Persuading Lenders to Fund a Loan

When Kelly and Noah go to the bank to discuss a loan for Pet Haven, the banker is interested in the idea but tells them their interest rate will be very high because they have an insufficient credit history and no collateral for the loan. To secure a more reasonable rate, he suggests they ask relatives to co-sign the loan application. In other words, their parents would have to agree to repay the loan if Kelly and Noah could not.

Kelly and Noah decide they need to convince their parents that Pet Haven is a sound financial idea. To prepare for these meetings, they brainstorm a list of questions their parents might ask:

Question 1: How can Kelly and Noah prepare for a successfully persuasive conversation with their parents?

Question 1a. What questions require a logical argument, using claims, reasons, and evidence?

Question 1b. How should Kelly and Noah gather information to support these arguments?

Question 1c. How can Kelly and Noah establish credibility about their ability to run a business and repay a loan?

Question 1d. What kinds of emotional appeals might be effective to motivate their parents?

Reference no: EM132855263

Questions Cloud

Calculate the net taxable income : The employer also provides this employee with a non-cash taxable benefit of $6.00 weekly. Calculate the net taxable income
What do know about pet daycare services : What objections and concerns may prevent them from using the service? What do they know about pet daycare services? What benefits will they perceive?
Which company would be a better place to work : Which company would be a better place to work? Which offers workers a better opportunity to improve themselves - Think again about the workers'' opportunities.
Calculate the price of the three bonds : You observe the following information for bonds A, B, and C. Coupons are paid annually, Calculate the price of the three bonds
How can kelly and noah prepare for a successfully persuasive : How can Kelly and Noah prepare for a successfully persuasive conversation with their parents? How should Kelly and Noah gather information to support.
What is the 5- number summary of length of time : What is the 5- number summary of length of time (in months) since being placed on the list for these 20 species? Show your work how to get them.
What will offer to make business stand out : What services will you provide? How do you know these are the right services? What will you need in order to deliver these services?
Write a memo to the accounting department : Write a memo to the accounting department asking them to attend a training scheduled on Saturday to learn about the new software the company has adopted.
Which company is offering a better deal : You are managing a small company and need to buy some equipment for your product line. Which company is offering a better deal

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd