You must read the scenario and prepare a response. Read the scenario carefully and develop your position using supporting arguments from the text reading material and any supporting videos. You must outline your position clearly. Any questions at the end of the scenario are suggestions to prompt your thinking and do not need to be answered in sequence.

HERE'S THE SCENARIO!

Andy and Brian were talking over coffee one morning. Brian, Andy said, You know Ive been repairing clocks as a hobby for some time. Since the nearest clock shop is in Smithton and thats about 60 miles away, Ive begun doing it for friends and neighbors. Im thinking of quitting this job and opening a clock repair shop here.

Oh, Andy, Brian replied, Are you really sure you want to do that? Hardly anybody starts a business these days no one even much thinks about doing that anymore. The day of somebody just deciding to open a business and doing it is past.

Even restaurants are no longer small businesses; you gotta buy a franchise from some big corporation these days. Besides, you gotta do something different than anybody else does; youve got to come up with an idea no one else has thought of before."

Andy and Brian continued their discussion about Andys possible clock repair business. You know, its not like its a business your Dad started and you feel like you HAVE to continue, Brian spoke up. Is it because you want to be the boss and tell people what to do and stuff? Or are you trying to be a big shot, Mr. Business Owner? What makes you want to leave a good job like this and do something like that?

Andy replied, No, Brian, its not like that at all. Sure, Id like to have a decent income one where I didnt have to be worried that Id get laid off all the time and maybe itd turn out to be even better than that, and I could afford a nice house and car. What Id really like though is to be able to learn more about clocks maybe pick up watches, too. Id kind of like to see if Ive got what it takes to run my own business as well. Can I keep books and advertise and stuff like that? Also, since the kids are getting older, do you know how many of Carls Little League games Ive had to miss or how many of Denises band concerts?

Be a better friend to Andy than Brian was. Correct the errors Brian made and offer Andy some advice that will be beneficial.

The Entrepreneurial Decision-Making Process