When you asked Jim what arrangement he has made with his grandmother to formalize the loan, he looked puzzled and said, “She plans to send me a check in a week or so – she just needs to get the money out of her savings account.” Jim seemed concerned by the worried look on your face and said, “Tell me what you’re thinking. I really want to do the right thing here.” What would you say to Jim?

MGT 330 – Entrepreneurship

Assignment for class – MGT 330 – Entrepreneurship.
Textbook: Entrepreneurship: Successfully Launching New Ventures, 6th Edition. Barringer and Ireland. Published by Pearson/Prentice-Hall.
1. Read Chapter Ten Notes (attached)

2. Chapter Reflection/Summary (600 words): **A summary of the main chapter points (500 words) using your own words and a brief (100 word) personal reflection of what was personally most interesting or useful to you from the chapter.

3. Answer the Application Question below (500 words): Jim Carter, a classmate of yours, is preparing to launch an e-commerce company to sell home repair guidebooks, tools, how-to videos, and related material for home repair and remodeling projects. He just told you that he talked with his paternal grandmother over the weekend, and she has agreed to lend him $25,000 to launch the firm. When you asked Jim what arrangement he has made with his grandmother to formalize the loan, he looked puzzled and said, “She plans to send me a check in a week or so – she just needs to get the money out of her savings account.” Jim seemed concerned by the worried look on your face and said, “Tell me what you’re thinking. I really want to do the right thing here.” What would you say to Jim?