Work-Life Balance and Sole Proprietorship; Choosing a Business Partner
Lesson Outline
Cameron completed Assignment 3, his business plan. Very creative! He did a great job on Assignment 4, which asked him about promoting work-life balance as a sole proprietor, and Assignment 5 on characteristics he would look for in a business partner.
Continue Lean Business Plan, Start Business Organization
Lesson Outline
We discussed Cameron's business of charter tours and snorkeling adventures in Fiji and his Lean Business Plan. The last thing he needs to determine is the organizational structure: Solo Proprietorship, Partnership, or Corporation. We began discussion of this today.
Cameron continued with the assignment of starting a charter boat company in Fiji using the Lean Business Plan model. We had a great discussion of such a business - its mission, niche, cultural sensitivity, and an optional add-on of golf on the island.
Camerson chose to start a boating/snorkeling/fishing business in Belize. We will explore the various decisions that have to be made within the context of sustainability and the potential costs next week. Cameron is doing great!