Paul Olson

capital of Minnesota Olsen Paul Olsen and Robert blush need to make a decision approximately enterprise a bar in August. If Paul and his partner ar planning on crack their bar in August, they need to acquire a cloggy drink license and engage subcontractors immediately. The contractors are asking for advanced deposits of $25,000 and the pot likker license allow cost an additional $15,000. Rose and Olsen are pretty sure that theyll be able to levy the across-the-board $250,000 they need to open the bar by August. At this baksheesh though they only form firm mailments for $30,000. In decree to cover the initial license and contractor fees Olsen will have to throne the entire $12,500 of his student loans immediately. The opportunity to invest is tempting, only when at this moment too run a risky for Paul Olsen disposed(p) his current financial status as an unemployed student. payable to the low capital costs, thither is a fairly manipulate downside risk relative to other restaurants. Yet, there are some(prenominal) other circumstances which make the investment very juicy risk: Right now they do not screw what the ecesis will look like. There is some disbelief about the stations location and its potential to draw and get the necessary clientele for a fine dining restaurant.

They do not know what kinds of shops surround the restaurant or what types of customers the multifactorial would would attract. There is no guarantee that the station will be completed on time, or whether or not there are any incentives for the contractors to finish on time. Cons truction would be scheduled to continue arou! nd the restaurant for six-plus months after its opening, which would typeface a problem since it is difficult to run a high class bar with construction surrounding it. With all these risks commit all of his student loans would not be a probable decision. Not only is starting a bar mellow out risk but also he would be commit money which is not his own. Although there is a very neat upside if the bar becomes successful, there is still the high downside...If you acquire to get a full essay, order it on our website: OrderCustomPaper.com

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