Why do you think this case was placed in the chapter titled Assessing a New Ventures Financial
Question:
Why do you think this case was placed in the chapter titled “Assessing a New Venture’s Financial Strength and Viability”?
In 2008, Mary Lynn Schroeder was working in the music business in Chicago. She didn’t find the work fulfilling so decided to move on. She departed for southern Illinois, and on the way stopped at a Jo-Ann Fabrics & Crafts store. While she didn’t know much about sewing, she bought a sewing machine, primarily in order to hem her jeans and make curtains. She stayed long enough to take several lessons. She arrived in southern Illinois and rented a farmhouse near Carbondale, the home of Southern Illinois University. Schroeder had planned to find a job in Carbondale and settle in. Instead, she unexpectedly fell in love with sewing.
Step by Step Answer:
Entrepreneurship Successfully Launching New Ventures
ISBN: 9781292255330
6th Global Edition
Authors: R. Duane Ireland, Bruce R. Barringer