1. What did Donahoos balance sheet look like at the outset of the firms life?
Changes in Assets
Assets = Debt + Owners
Debt + Equity
Jan. 1 Plus $1,500
Investing your money into a franchise can be rewarding. Selecting the perfect business
in the right industry is key to success. You want to make sure you chose a business that
the customers will always have a reason to visit and revisit. A perfect example
A little history on Hair Cuttery. At dinner one night in 1973, Dennis Ratner and wife Ann
Ratner were having a conversation about their current employments. The two were hair
stylists at location salons. Dennis worked at Louis Creative Haird
Part 1: Read Case 1, Dashlocker, page 645. In a new Word document provide a
case analysis by answering the questions following the case. Answers should
apply knowledge gained from the weekly reading and discussion to the actual
My entrepreneurial motivations for being an owner of a beauty/hair/tanning salon are for
personal fulfillment, personal satisfaction, independence and financial rewards. My
personal fulfillment is to make a great difference on peoples lives by chan
Part 2: Read Situations 13 of You Make the Call on pages 249250 and answer the questions
following each situation.
1. How important was the location decision for these two entrepreneurs? Why?
The decision on the location between the two entre
Question 1 What factors should business owners consider when deciding to
manage their own website and online sales instead of contracting for the service?
For every business that has decided to manage their own website and online
1. How did Lovin come to recognize the opportunity for his young venture? Of
the three types of startups mentioned in Chapter 3, which one does The
Kollection fit into? What was the source of this opportunity?
Brian Lovin, the founder of The Koll