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Unformatted text preview: happened to successful companies. This is an especially important point to consider due to the current economic climate and the hesitancy of consumers to spend during these hard times. Also, perhaps the owners of the diner need help in managing and making executive decisions with the future franchise locations. An equity-financing plan would encourage outside investors to take part in the company, and could potentially bring wisdom to the executive decision-making table. However, a mix would probably be best, with debt financing being their obvious option in order to accrue the estimated needed capital. Even though it is a risky decision, you may be right. References Longenecker, J., Moore, C.W., Petty, J.W., & Palich, L.E. (2008). Small business management (14th edition). Mason, OH: Thomson South-Western....
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This note was uploaded on 03/11/2010 for the course BUSI 603 taught by Professor Dr.ellis during the Spring '10 term at Liberty.
- Spring '10