Please make sure that it is your own work and not copy and paste. Please read the study guide.
Please watch out for spelling and grammar error. Please use APA 7th edition. two pages length
Book Reference:Neck, H. M., Neck, C. P., & Murray, E. L. (2021). Entrepreneurship: The practice and mindset (2nd ed). SAGE. https://online.vitalsource.com/#/books/9781544354644
Case Study Daymond John, Founder, FUBU
For this assignment, read the case study on pages 299 and 300 of the eTextbook. Once you have read and reviewed the case scenario, respond to the following questions with thorough explanations and a well-supported rationale. Please apply feedback from previous units to this assignment.
- Differentiate between innovative bootstrapping choices and traditional financing strategies used by Daymond John. How did these choices support and hinder the success of his company?
- What other funding strategies could Daymond John have used for his venture? You can include funding strategies not available at the time he was starting his venture.
- In describing the business strategies used by Daymond John to support the venture’s resource needs, discuss the financial consequences of each decision.
- If you were starting this venture now, would you rather seek equity financing or debt financing? Why?