entre case 2 - ENTREPRENEURSH IP Case 2 Jim Boothe,...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
E N T R E P R E N E U R S H I P Case 2 “Jim Boothe, Inventor BY: Montolalu, Millyta M.I. CASE 2 JIM BOOTHE, INVENTOR SYMPTOM Jim feels that with his children grown up and on their own, now would be a good time to start his own business. Jim had invented an automatic derailleur for a 15 speed bike. Jim feels that this invention has significant market potential, particularly since he has observed a rapid growth in the bicycling industry. The growth has been related to Lance Armstrong’s success in the Tour de France, increased interest in physical fitness, and technological improvements in bicycles allowing for off road travel as well as more comfort for longer distance riding. In is cycling club alone, the membership has doubled in the past two years and to his knowledge is consistent with a national trend. Write a business pan and submit it to his bank to obtain the estimated $100,000 needed to get started (support this by taking out a second mortgage as collateral). The business plan consists of six parts: a one page summary of the plan, a detailed description of his invention, forecasts of growth for the bicycle market, a one year profit and loss statement, a plan for the manufacturing and final fabrication of the derailleur and bicycle, and an appendix which contains surveys with some of his friends who own ten speed bikes.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
STATEMENT OF THE PROBLEM Stay on the job VERSUS new business idea What is the best decision for Jim Boothe, stay on his job or starting his own business idea? ALTERNATIVES Starting his own business with his invention “an automatic derailleur for a 15 speed bike. Because on opportunity in market, as case said that there is a growth in bicycle market, and its support with his
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 5

entre case 2 - ENTREPRENEURSH IP Case 2 Jim Boothe,...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online