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Rhonda was the creator of the plan, but she had plenty of help building it. She used the services of the university's SBDC, a friend who is an accountant at a Big Six firm and a friend who is an attorney. She thought that her plan was a good one, but she was excited when the SBDC counselors encouraged her to enter a statewide competition sponsored by a local venture capital firm for the best business plan. She could hardly believe it when her plan won in the retail division!
Now, all that remains is launching the business. Rhonda has $75,000 that she plans to invest in the business, but her financial forecasts indicate that she will need another $650,000...
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