Academic journal article Journal of the International Academy for Case Studies

Organizing and Financing a New Business Venture

Academic journal article Journal of the International Academy for Case Studies

Organizing and Financing a New Business Venture

Article excerpt

CASE DESCRIPTION

The primary subject matter of this case concerns business startup issues. Issues examined include the components and importance of a business plan, evaluation and selection of a business organization form, and evaluating sources and types of startup capital. The case requires students to have an introductory knowledge of accounting, finance and general business issues thus the case has a difficulty level of three (junior level) or higher. The case is designed to be taught in one class session of approximately 1.25 hours and is expected to require 2-3 hours of preparation time from the students.

CASE SYNOPSIS

Eric Colin has learned that his employer, a regional chemical manufacturer and distributor, had been sold and he will soon be unemployed. Colin, a young business professional, had been the Director of Sales for the distribution division of Superior Chemical. As a result of his chemical distribution business experience, he is considering beginning a chemical distribution business. …

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