Boston University The Five Cs of Fashion Business Discussion
Question Description
I’m working on a entrepreneurship question and need support to help me learn.
1. Bankers & investors make lending decisions based on the five C’s of credit: “capacity, collateral, credit, character & capital”. How will you address these with your banker/investor to access capital & assure the banker that you’ve done your homework?
2. BUSINESS PLAN: Develop the Financial portion of your Business Plan. Include: Cash Flow spreadsheet (use EXCEL), P & L , Balance Sheet & your Set of Assumptions. The financial portion of your plan is very important.
3. CASE STUDY: Read the “Profile of an Entrepreneur” on pages 213-214. It is the story of Ann Cantrell & Annie’s Blue Ribbon General Store in Brooklyn, NY. Ann found a void in the market & filled it. Critique her strategy for securing funding. What is the take away? What might you incorporate in your business? Explain.
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