10-23-08 - Entrepreneurship I Class Notes 10/23/08 Wayne...

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Entrepreneurship I – Class Notes – 10/23/08 Wayne Postoak Case Study What did Wayne learn from his father? Soiled wash – It was rude for the businessman to soil the clothes with dust Shrewd bargaining What did Wayne learn from playing sports? Discipline Teamwork Stay in shape How to win scholarships o Basketball o Football o Baseball What was Wayne’s strength in the family construction business Excelled in business end Had on-the-job training What was the point of the car wash construction episode? Very nicely issued a threat to the businessman Would you have expected this given his experience Was it Wrong for Wayne to sell 140% of seasonal tickets to basketball games? Not everyone comes Rare to get attendance TIMMONS MODEL
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BIG OPPORTUNITY – New regulation in 1984 – stipulated that a certain percent of subcontractors had to be Indian Small team – o One person o Small resources o Only $20k very undercapitalized But if he wins the contract – he would get the money
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This note was uploaded on 06/03/2009 for the course ECON 290 taught by Professor Goldenandallison during the Fall '08 term at Allegheny.

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10-23-08 - Entrepreneurship I Class Notes 10/23/08 Wayne...

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