Steve Peterson has decided to start a caf in his neighborhood. He has named his caf The
Question:
Steve Peterson has decided to start a café in his neighborhood. He has named his café “The Pitt-Stop” and has many plans to ensure its success. One of his major plans is to purchase a shop-lot and renovate it to accommodate his café. However, he does not have enough funds to complete these two tasks. He has made an appointment to meet you over lunch and ask if you could invest some fund for his startup. You are not too keen to invest in his business but try to advice an alternate option for him. Try to make him understand that it would not be a good idea to purchase a shop-lot right now, instead suggest a creative source of financing that he may choose to use.
Step by Step Answer:
Entrepreneurship Successfully Launching New Ventures
ISBN: 9781292095370
6th Edition
Authors: Bruce R Barringer, R Duane Ireland