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

Download Document
Showing pages : 1 - 2 of 4
This preview has blurred sections. Sign up to view the full version! View Full Document
You Decide _ Contract and Procurement Management You Decide February 5, 2012
Background image of page 1
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.

Create a FREE account now to get started. Log In

The email address you entered is not valid. The email address you provided is already in use.
Your username must be at least 5 characters. Your username must consist of only alphanumeric characters. Your username must contain at least one letter. Your username contains inappropriate language. Another user has already claimed this username.
Your password must be at least 6 characters in length.
{[ $select.selected.label ]} Please select a valid school.
By creating an account you agree to our Privacy Policy, Terms of Use, and Honor Code.
Create my FREE account Processing...
Sign Up with Facebook

We will never post anything without your permission.

Already on Course Hero? Log In