Its been a bad day for the following entrepreneurs and they have all been exposed to different

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It’s been a bad day for the following entrepreneurs and they have all been exposed to different sorts of business risk. Can you identify the risks they have had?

  1. Wendy just couldn’t believe it. One of her beauticians was suing her claiming the chemicals she worked with had given her a skin problem. Wendy really couldn’t worry about that right now, because one of her best customers was claiming the permanent she just received caused all her hair to fall out.
  2. Verna has been having all sorts of problems with cash flow. First, when she originally purchased her building, she opted for an adjustable rate mortgage as it was so much lower interest. Now the economy has entered a down turn and her interest rate has doubled. Just when she thought it couldn’t get worse, one of her major customers declared bankruptcy BEFORE paying his bills.
  3. Iva Jean though her computer dating service was nearly foolproof, but that was until her competitor came out with a new option that allowed online, real time video chatting. Then, when a mudslide damaged her building, she had to suspend services for nearly a week until she could get set up at a different location.
  4. Dennis didn’t know what was worse: the fact that one of his customers had tripped over an open file drawer and broke her shoulder or that, when he was putting the contents of the drawer back into the file cabinet, he uncovered a set of paid, fraudulent invoices.
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Entrepreneurial Small Business

ISBN: 978-1259573798

5th edition

Authors: Jerome Katz, Richard Green

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