$1.$ Currently, Ann Schafer is working as a sales representative for the pampered chef, a direct sales organization that sells kitchen utensils and related products. Ann, who lives near Houston, Texas, is thinking about leaving her current job so she can open her own firm which she envisions as a combination cookware store and cooking school near where she lives. Ann$$s background is in cooking and sales. She is thinking about finding a partner to join her in launching her firm. What qualities should she seek in a partner who might also be the cofounder of her firm? Also, what type of board of advisors should she establish?

$2.$ Imagine you invested a new type of car seat for children, which is lighter and safer than the car seats currently on the market. You have a business plan and have won two business plan contests based on your idea. You also have a working prototype. You$$d like to find an angel investor to fund the launch of your firm. Describe how you$$d go about finding an angel investor in the area in which you live. Make a list of the specific steps you$$d take. And the specific people you$$d talk to$,$ to try to locate an appropriate angel investor.