Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Course Project Milestone 2 Scenario: You invented Dura - Clear windows that never need washing! Nothing sticks to them not pollution, pollen, dirt, dust, bird

Course Project Milestone 2
Scenario:
You invented Dura-Clear windows that never need washing! Nothing sticks to them not pollution, pollen, dirt, dust, bird droppings, fingerprints. Youve invested all your savings, your parents savings, and some of your friends savings into the R&D, production, and start-up of your business. Its been three years since you started selling your windows primarily to single-family homeowners, but now apartment building contractors nationwide have been requesting your windows. Unfortunately, youre already operating at full capacity. It's time to switch from single-family homes to commercial buildings, but to do so requires a large infusion of funding for expansion. You need more of everything: space, equipment, employees, etc. Ever the optimist; you applied to the TV show Shark Tank--where entrepreneurs compete for funding from angel investors ("sharks)--to see if a shark will invest in your company and serve as a mentor as well. To your surprise, you were accepted to the show! You've already prepared most of your marketing and sales pitches, and now it's time to put together your forecasted financial statements. You intend to show the sharks that backing your business would be profitable. You also need to determine how much funding to ask for in exchange for how much ownership you'll give up.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Human Resource Management Essentials You Always Wanted To Know

Authors: Vibrant Publishers, Jaquina Gilbert

1st Edition

1949395855, 978-1949395853

More Books

Students also viewed these General Management questions

Question

2. Explain the difference between e-business and e-marketing.

Answered: 1 week ago