30.03.2023 - 03:45

Currently, Ann Schafer is working as a sales representative for The Pampered Chef, a direct sales organization that sells kitchen utensils and related products. Ann, who lives near Houston, Texas, is thinking about leaving her current job so she can open

Question:

Currently, Ann Schafer is working as a sales representative for The Pampered Chef, a direct sales organization that sells kitchen utensils and related products. Ann, who lives near Houston, Texas, is thinking about leaving her current job so she can open her own firm which she envisions as a combination cookware store and cooking school near where she lives. Ann’s background is in cooking and sales. She is thinking about finding a partner to join her in launching her firm. What qualities should she seek in a partner who might also be the co-founder of her firm? Also, what type of board of advisors should she establish?

Answers (1)
  • Fantastic
    April 7, 2023 в 04:08

    Ann Schafer, who is considering starting her own firm that combines a cookware store and a cooking school, should look for a partner with complementary skills to her own. While Ann has a background in cooking and sales, her partner could bring expertise in areas such as finance, marketing, or operations. A partner who is enthusiastic about the business idea and has a compatible work style with Ann is also important.

    When it comes to establishing a board of advisors, Ann should seek individuals who have expertise in the areas where she may lack knowledge, such as finance or legal matters. Ideally, the board should consist of individuals who have experience in the food industry or have started their own businesses. It is also important to have advisors who are willing to share their expertise and have a vested interest in the success of the business. Finally, Ann should prioritize diversity in selecting her board of advisors to ensure that she receives a range of perspectives and insights.

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