PM598 YouDecide Week 5 - You Decide Contract and...

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

View Full Document Right Arrow Icon
You Decide _ Contract and Procurement Management You Decide February 5, 2012
Background image of page 1

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

View Full DocumentRight Arrow Icon
You Decide Chris and Pat Smith, two entrepreneurs, began a restaurant and catering business with two successful chefs, J.P. Martin and L.L. Miller. The restaurant and catering business was an informal arrangement between the entrepreneurs and the chefs in their responsibilities. The entrepreneurs invested $25,000 and the chefs invested $10,000 into the business. After the second year of losing money in the business, the entrepreneurs decided to close the business. The entrepreneurs have some decisions on how to approach the chefs in how to hand the leasing agreements as well as how to split the remaining money left in the business. The entrepreneurs are already planning to open a floral business and some of the existing equipment can be used in their next business venture. The equipment that can be used in the next business venture is the van for floral deliveries and the storefront for the floral shop. The entrepreneurs also need to recoup as much of the left over investment to start their floral business. The entrepreneurs will be meeting with the
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.

This note was uploaded on 07/29/2012 for the course PM 598 taught by Professor Gordon during the Winter '12 term at Keller Graduate School of Management.

Page1 / 4

PM598 YouDecide Week 5 - You Decide Contract and...

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