Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Scenario Wanda comes to you because she is discouraged and needs to talk. Her parents learned that she is thinking of expanding her business and

Scenario Wanda comes to you because she is discouraged and needs to talk. Her parents learned that she is thinking of expanding her business and possibly even taking out a second mortgage on her home to fund the expansion. They have never been overly supportive of her business, but as long as it seemed like a hobby, they didnt have much to say. Recently Wandas mother called and expressed strong reservations about Wanda taking such a large step. This made a big impression on Wanda. She tells you that she doesnt want her business to cause a rift in the family. Perhaps she should take her parents advice and just forget about expanding the business. Moreover, she doesnt understand why her parents arent as excited about the prospects for the business as she is. Your Task You decide that you are going to take matters into your own hands and go directly to the source of the problem: Wandas mother! In this assignment you will write a letter to Wandas mother and explain to her the positive characteristics of entrepreneurs that Wanda exhibits and how you know she will be successful. You can compare Wandas Salty Pawz start-up to other more well-known entrepreneurs who took a risk and succeeded, or you can recount your actual experiences with an entrepreneur you know personally. The key is for Wandas mother to understand that (1) it is not unusual for non-entrepreneurs to see things differently from the entrepreneurs, and (2) Wanda possesses many of the characteristics shared by successful entrepreneurs.

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

Financial Institutions Management A Risk Management Approach

Authors: Anthony Saunders, Marcia Cornett

6th Edition

0077211332, 9780077211332

More Books

Students also viewed these Finance questions