Lando lives in Burnaby, British Columbia with his parents and younger sister. He graduated from high school in 2019, uncertain about his career. He had a 78% average and played varsity football throughout high school. However, an injury halted his athletic career in his graduating year, so he missed out on a scholarship to attend the university of his choice, making post-secondary education more financially challenging. Since graduation, Lando's family has been pressuring him to try and get a job while he figures out his future. One day, Lando was mowing the lawn and his neighbour inquired if he could also mow their lawn, for a fee. Lando obliged, and it took him about an hour and half. He decided to charge the neighbour $30 cash. The neighbour was happy with his work and asked Lando to come every three weeks to mow the front and back lawn. They shared a handshake and Lando was enthusiastic about this new arrangement. From there, Lando's summer was occupied by his new business. As a result of neighbours driving by and quick word of mouth, his customer base grew to 25 lawns that summer. Lando realized he enjoyed working outside and the money was good, so he put his job search on hold. During off-work hours, he watched landscaping videos to learn about different flowers and foliage, along with using different stones and bricks to create small gardens. Since 2019, Lando has been growing his business steadily. He has started maintaining records of important information including the number of customers for each of his services, the price of each services provided, and some of the incurred costs. Admittedly, he doesn't do a very good job tracking this information-his focus is more on the outdoors. Activate Windows Go to Settings to activate Windows. When purchasing more fertilizer from his local garden shop he saw a motorized driveable lawn mower on sale for $3,000. With this he expects to increase capacity and his lawnmowing capabilities by 6 times. He would still charge $30 per job, but would be able to do it three times as fast and thus increase capacity. The added cost of fuel is estimated to be $200 per year. Lando is unsure whether it's a good investment and wants to see what the net present value calculion returns is also curious what the cash payback period would be. If the investment makes sense, Lando can borrow the money on a 6.25% line-of-credit. Given that business is slow in the winters, Lando wants to do an Arborist certificate which will take two years and costs $6,000. He is wondering if he should first save up the money, borrow it as a student loan, or forgo it altogether. With this certificate, he is hoping to gain more fruitful employment with the city or a golf course and earn $35 per hour. He is uncertain in what decision to make. Lastly, Lando thinks that with an additional employee he will have some excess capacity which will help grow his customer base. He is wondering if it is worthwhile to put some more effort into marketing. Currently, he prints and distributes flyers around his neighbourhood. Some of his satisfied customers are happy to distribute flyers on his behalf. By spending $230 a month on newspaper advertisements, he believes the next two-year annual growth rate can be boosted to 4.75%. Otherwise, the growth will be similar to what it has been historically. Lando wants a detailed analysis of his business plan. He wants advice on ethics, business strategies, and other relevant matters. Lando welcomes any recommendations, as well as any questions to him which will help you better analyze his options. Please prepare a business memo to Lando, addressing all issues raised in this case. Activate Windows Go to Settings to activate Windows. Lando lives in Burnaby, British Columbia with his parents and younger sister. He graduated from high school in 2019, uncertain about his career. He had a 78% average and played varsity football throughout high school. However, an injury halted his athletic career in his graduating year, so he missed out on a scholarship to attend the university of his choice, making post-secondary education more financially challenging. Since graduation, Lando's family has been pressuring him to try and get a job while he figures out his future. One day, Lando was mowing the lawn and his neighbour inquired if he could also mow their lawn, for a fee. Lando obliged, and it took him about an hour and half. He decided to charge the neighbour $30 cash. The neighbour was happy with his work and asked Lando to come every three weeks to mow the front and back lawn. They shared a handshake and Lando was enthusiastic about this new arrangement. From there, Lando's summer was occupied by his new business. As a result of neighbours driving by and quick word of mouth, his customer base grew to 25 lawns that summer. Lando realized he enjoyed working outside and the money was good, so he put his job search on hold. During off-work hours, he watched landscaping videos to learn about different flowers and foliage, along with using different stones and bricks to create small gardens. Since 2019, Lando has been growing his business steadily. He has started maintaining records of important information including the number of customers for each of his services, the price of each services provided, and some of the incurred costs. Admittedly, he doesn't do a very good job tracking this information-his focus is more on the outdoors. Activate Windows Go to Settings to activate Windows. When purchasing more fertilizer from his local garden shop he saw a motorized driveable lawn mower on sale for $3,000. With this he expects to increase capacity and his lawnmowing capabilities by 6 times. He would still charge $30 per job, but would be able to do it three times as fast and thus increase capacity. The added cost of fuel is estimated to be $200 per year. Lando is unsure whether it's a good investment and wants to see what the net present value calculion returns is also curious what the cash payback period would be. If the investment makes sense, Lando can borrow the money on a 6.25% line-of-credit. Given that business is slow in the winters, Lando wants to do an Arborist certificate which will take two years and costs $6,000. He is wondering if he should first save up the money, borrow it as a student loan, or forgo it altogether. With this certificate, he is hoping to gain more fruitful employment with the city or a golf course and earn $35 per hour. He is uncertain in what decision to make. Lastly, Lando thinks that with an additional employee he will have some excess capacity which will help grow his customer base. He is wondering if it is worthwhile to put some more effort into marketing. Currently, he prints and distributes flyers around his neighbourhood. Some of his satisfied customers are happy to distribute flyers on his behalf. By spending $230 a month on newspaper advertisements, he believes the next two-year annual growth rate can be boosted to 4.75%. Otherwise, the growth will be similar to what it has been historically. Lando wants a detailed analysis of his business plan. He wants advice on ethics, business strategies, and other relevant matters. Lando welcomes any recommendations, as well as any questions to him which will help you better analyze his options. Please prepare a business memo to Lando, addressing all issues raised in this case. Activate Windows Go to Settings to activate Windows