What would you tell her, MARK102 Canadian College

What would you tell her

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Reference no: EM133270420

Question 1. Travis Ryan is one of the four cofounders of a skateboard company. The cofounders have decided put down a business plan to obtain funding for their venture. During a recent meeting, Travis said, "I know that we all are really busy, so I'd like to volunteer to put down our business plan. A friend of mine has a house on a lake. If the three of you agree, I'll take my laptop to my friend's house for a couple of days and knock out our business plan. Any objections?" If you were one of Travis's cofounders, what would you say? What alternative approaches to a business plan would you propose and why?

Question 2. Kirsten, a friend of yours plans to open a fashion boutique that will sell women's clothing and accessories. She told you that she leafed through several books on how to prepare forecasts and pro forma financial statements but that the books were geared toward existing firms that have several years of historical financial statements on which to base their projections. If Kirsten asked for your advice about how to prepare forecasts for a completely new women's fashion boutique, what would you tell her?

Reference no: EM133270420

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