Connie's Corner Café
Having done the culinary classes at the local college, Connie has decided to explore the idea of opening her own business, "Connie's Corner Café". She has found the ideal location next to the college. However, it appears that Connie will have to get some outside investors or bankers involved for the financial backing to get this venture off the ground. When she talked to her local bank manager, Mr. Johnson, he immediately asked for Connie's business plan. Connie knew she was in trouble because she didn't even know what a business plan looked like.

-If Connie gets her family and friends involved as investors,which of the following would be their concern or interest?

Question

Connie's Corner Café
Having done the culinary classes at the local college, Connie has decided to explore the idea of opening her own business, "Connie's Corner Café". She has found the ideal location next to the college. However, it appears that Connie will have to get some outside investors or bankers involved for the financial backing to get this venture off the ground. When she talked to her local bank manager, Mr. Johnson, he immediately asked for Connie's business plan. Connie knew she was in trouble because she didn't even know what a business plan looked like.

-If Connie gets her family and friends involved as investors,which of the following would be their concern or interest?

Quizplus · Accepted Answer

Connie's family and friends, as investors, would likely be most interested in knowing the amounts and schedules for returns on their investment. They would want to know when they could expect to see a return on their investment and what that return would be. While cash flow and growth rate are important factors, they may not be as crucial to family and friends who may have a more personal connection to Connie and her business. Competitive advantage may be of interest, but may not be the top concern for investors who are primarily interested in their return on investment.

Connie's Corner Café Having Done the Culinary Classes at the Local College, Connie