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Week 1
Week 1 Assignment

Armando Samia migosamia@yahoo.com 949 600 3240

Entrepreneurial Finance

January 13, 2013

1.[Financing Concepts] The following ventures are at different stages in their life cycles. Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

A. Phil Young, founder of Pedal Pushers, has an idea for a pedal replacement for children’s bicycles. The Pedal Pusher will replace existing bicycle pedals with an easy-release stirrup to help smaller children hold their feet on the pedals. The Pedal Pusher will also glow in the dark and will provide a musical sound as the bicycle is pedaled. Phil is seeking some financial help in developing working prototypes.

Pedal Pushers is in the Start Up Stage. The business is still just a thought or an idea. It will have to overcome the challenge of market acceptance. At this stage of the business, Phil Young has to focus on matching the business opportunity with his idea.

Start Up stage companies have no proven market. The business has to rely on cash from owners, friends and family. Other potential sources include suppliers, customers, government grants and banks.

B. Petal Providers is a firm that is trying to model the U.S. floral industry after its European counterparts. European flower markets tend to have larger selections at lower prices. Revenues started at $1 million last year when the first “mega” Petal Providers floral outlet was opened. Revenues are expected to be $3 million this year and $15 million next year after two additional stores are opened.

Petal Providers is in a Growth Stage. Revenues and customers are increasing with many new opportunities and issues. The biggest challenge with growth is the constant range of issues bidding for more time and money. Effective management is required and a possible new business plan to cater

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