Fall 2017 Money for nothing Recently, a new opportunity has presented itself. Specifically, you have decided to form a company to create and sell computer code of algorithms for data mining. The new company you have dreamed up will be called "Meaning from Nothing. In doing so, you discover the following -Your current life costs about S2500 a month to operate. This includes all the basics -health insurance will now costs $600 a month -A new computer will be needed S3000 -A business phone will be needed at S140 a month. -Peppermint and pumpkin spice lattes cost S3.95-you consume about 20-40 per month. You can continue to operate out of your current residence or you can rent an office spot for S350 a month. This office spot is sort of a cubicle in a large area of an office building shared amongst similar entrepreneurs with a meeting room available for your use when hosting clients. Alternatively, you could use the conference room on an "as-needed" basis for $100 per meeting Thanksgiving is coming up and you would like to pitch a well-meaning relative on your idea. There are two such relatives in your family so you have two shots at this pitch. On November 15, you receive some information that changes your pitch slightly-your first client appears. This client has asked you to develop some code and has offered S20,000 for what looks like one-to-tvo months work starting January 1. They only pay 30 days after the work is accepted Discuss how you would present this to your well-meaning relative. You have up to five pages to set up your plan including how much you'll ask as an investment by your relative This assignment is due 11/15 at 11:59PM Fall 2017 Money for nothing Recently, a new opportunity has presented itself. Specifically, you have decided to form a company to create and sell computer code of algorithms for data mining. The new company you have dreamed up will be called "Meaning from Nothing. In doing so, you discover the following -Your current life costs about S2500 a month to operate. This includes all the basics -health insurance will now costs $600 a month -A new computer will be needed S3000 -A business phone will be needed at S140 a month. -Peppermint and pumpkin spice lattes cost S3.95-you consume about 20-40 per month. You can continue to operate out of your current residence or you can rent an office spot for S350 a month. This office spot is sort of a cubicle in a large area of an office building shared amongst similar entrepreneurs with a meeting room available for your use when hosting clients. Alternatively, you could use the conference room on an "as-needed" basis for $100 per meeting Thanksgiving is coming up and you would like to pitch a well-meaning relative on your idea. There are two such relatives in your family so you have two shots at this pitch. On November 15, you receive some information that changes your pitch slightly-your first client appears. This client has asked you to develop some code and has offered S20,000 for what looks like one-to-tvo months work starting January 1. They only pay 30 days after the work is accepted Discuss how you would present this to your well-meaning relative. You have up to five pages to set up your plan including how much you'll ask as an investment by your relative This assignment is due 11/15 at 11:59PM