Case Scenario #1 Calvin Peters had recently graduated with an Internet Technology diploma from Wellmore College, eight (8) months ago. Since graduating, Calvin had taken a four-month holiday to get over being a professional student. Then, he spent the next four months checking things out and deciding what he did not want to do to make a living. Making money was very important to Calvin. His professors at college described him as full of dreams, but he never seemed to be able to follow through. He would set high grade achievement goals, but something would always happen, and he would fall short. He tended to blame others for his poor results. Calvin planned to start his own business: On-line Private Investigations. Calvin had all the business details worked out in his head and had worked out most of his Business Plan. He hadn't gotten around to writing it down yet, and he recognized that procrastination was his biggest weakness. Question #1 (15 points) Assess Calvin's potential as an entrepreneur or business owner. Explain your answer with what you learned about the important skills and attributes successful entrepreneurs have. Question #2 (10 points) What personal skills is he going to have to improve upon? And explain your answer Question #3 (30 points) Explain to Calvin five (5) things he will need to include in his Business Plan from a Lender's point of view and the reasons for including them. Explain what each of these items is; don't just make a list. Case Scenario 2 Calvin's Cost/Revenue Model is shown below: 1. Rent will be $500.00/month 2. Calvin wanted to earn $2,000/month in Salary 3. Calvin's variable costs for each computer search that he did was around $10.00/search 4. Calvin thought he could charge his clients $60.00/search, and therefore undercut the pricing of his competitors. Question #4 (5 points) Explain the formula for Breakeven point in Sales Dollars. Question #5 (10 points) Calculate the number of computer searches Calvin will have to do each month to break even. Show your work. Question #6 (15 points) Using your personal experience and knowledge, help Calvin develop a value proposition for his business idea. Question #7 (15 points) Explain five (5) risks that Calvin may face if he tries to launch his business. Please make sure the risks you are thinking of are related to Calvin's business Case Scenario #1 Calvin Peters had recently graduated with an Internet Technology diploma from Wellmore College, eight (8) months ago. Since graduating, Calvin had taken a four-month holiday to get over being a professional student. Then, he spent the next four months checking things out and deciding what he did not want to do to make a living. Making money was very important to Calvin. His professors at college described him as full of dreams, but he never seemed to be able to follow through. He would set high grade achievement goals, but something would always happen, and he would fall short. He tended to blame others for his poor results. Calvin planned to start his own business: On-line Private Investigations. Calvin had all the business details worked out in his head and had worked out most of his Business Plan. He hadn't gotten around to writing it down yet, and he recognized that procrastination was his biggest weakness. Question #1 (15 points) Assess Calvin's potential as an entrepreneur or business owner. Explain your answer with what you learned about the important skills and attributes successful entrepreneurs have. Question #2 (10 points) What personal skills is he going to have to improve upon? And explain your answer Question #3 (30 points) Explain to Calvin five (5) things he will need to include in his Business Plan from a Lender's point of view and the reasons for including them. Explain what each of these items is; don't just make a list. Case Scenario 2 Calvin's Cost/Revenue Model is shown below: 1. Rent will be $500.00/month 2. Calvin wanted to earn $2,000/month in Salary 3. Calvin's variable costs for each computer search that he did was around $10.00/search 4. Calvin thought he could charge his clients $60.00/search, and therefore undercut the pricing of his competitors. Question #4 (5 points) Explain the formula for Breakeven point in Sales Dollars. Question #5 (10 points) Calculate the number of computer searches Calvin will have to do each month to break even. Show your work. Question #6 (15 points) Using your personal experience and knowledge, help Calvin develop a value proposition for his business idea. Question #7 (15 points) Explain five (5) risks that Calvin may face if he tries to launch his business. Please make sure the risks you are thinking of are related to Calvin's business