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533 Sweet Opportunities

For Client 1, a sole proprietorship is best since the business is small with low start-up costs and schoolwork takes priority. However, relying on family help could strain relationships. For Client 2, a corporation is best since they want to focus on invention and community building while leaving operations to others. However, lack of chocolate experience could pose challenges. For Client 3, a partnership is best since they need a partner's connections to secure chocolate during wartime but want to make independent decisions. Relying on a partner could limit control. For Client 4, a partnership is best since friends are financing in exchange for partial ownership but the client has no business experience. Lack of experience could

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Mutya Neri Cruz
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607 views1 page

533 Sweet Opportunities

For Client 1, a sole proprietorship is best since the business is small with low start-up costs and schoolwork takes priority. However, relying on family help could strain relationships. For Client 2, a corporation is best since they want to focus on invention and community building while leaving operations to others. However, lack of chocolate experience could pose challenges. For Client 3, a partnership is best since they need a partner's connections to secure chocolate during wartime but want to make independent decisions. Relying on a partner could limit control. For Client 4, a partnership is best since friends are financing in exchange for partial ownership but the client has no business experience. Lack of experience could

Uploaded by

Mutya Neri Cruz
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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SWEET OPPORTUNITIES

Make a recommendation as to what form of business organization you think is


best for each client. State the reasons for your position. There will also be
some disadvantages to the business form you choose. Identify at least one
negative and suggest how you might minimize it.

Client 1: When I was three years old, I started making candy with my grandmother. I am now 10 and I want
to sell chocolate candy with a farm theme to my friends and family. My product ideas include Brown Cows
(chocolate cows on a stick), Pigs in Mud (marshmallow dipped in caramel, nuts and chocolate) and Farm Eggs
(jelly beans dipped in chocolate). The start-up expenses for my business are pretty small: a few candy molds,
candy and chocolate.) My parents have agreed to loan me the money I will need and to let me work in the
family kitchen. Schoolwork has to take priority over business so if I have more sales than I can handle, I will
probably ask friends or my older brother to help. My brother is also pretty good at math and computers so he
could help me with keeping track of my expenses and advertising. I really like the product development and
packaging part of the business.

Client 2: After apprenticing for another candy maker, I started my first candy business at age 18.
Unfortunately, my first attempt at starting a business (as well as my second) was a failure. After a rocky start,
my third try was more successful – I have just received a fortune from the sale of my caramel business. During
my world travels, I discovered and decided to buy new equipment that makes chocolate. Today, only the
wealthy can afford chocolate. With this new technology, I think I can make a chocolate that everyone can
afford. In my mid-thirties, I know very little about making chocolate but I am willing to take the time to learn. I
want my life to center on inventing new candies, building this new business, and laying out a new community
that will be a wonderful place for the people I hire to live. I prefer to leave day-to-day operations of the
company—handling production, sales, marketing and distribution—to someone else.

Client 3: I have substantial experience working in the candy industry. I helped my father introduce a very
popular chocolate bar in the U.S. and have worked in the factories of two of the best chocolate makers in the
world. Today, I am a thirty-plus year-old businessperson operating a company I started selling candy and pet
foods across Europe. While traveling in Spain recently, I saw a candy-coated chocolate that I think will sell
well in the U.S. I would like to create a new American business producing this candy. I have at least 80
percent of the money for getting started but I am concerned about getting the chocolate used in production.
There is a war going on and it may be difficult to get this important ingredient without taking on a partner who
has connections to a chocolate maker. I like the challenge of building businesses and finding ways to make
them operate more efficiently. I also prefer making decisions on my own.

Client 4: I am in my late thirties. I have worked myself up from handling mail to being an agent for a well-
known entertainment agency. I now represent several famous musicians. People say I am an enthusiastic
and tireless promoter. To help my clients get jobs, I use bite-sized chocolate chip cookies as a calling card.
My aunt taught me how to bake cookies when I lived with her as a teenager. Before I dropped out of high
school and joined the air force, I was getting vocational training in the food trades but I have never run my own
business. Some of my friends in the entertainment industry have encouraged me to open a store that would
sell my cookies. They have offered to help finance my venture in exchange for partial ownership. My cookies
would look and taste very different from the cookies sold in the grocery stores today.

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