Sunday, November 28, 2010

Chapter 10

Financing Strategy: Debt, Equity or Both?

The story of Anita Roddick who founded the Body Shop was very interesting to me. Within a few months of opening her first store she was ready to open another. No bank would loan her the money and she did not want to be in dept by borrowing. So she sold half of the business to a friend, and used the money to open a second store. Her friends share is now worth $240 million dollars.

This is an inspiring story because I do not really have aspirations to be an entrepreneur but helping with an idea someone else has sounds brilliant to me.

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