Demitri and Roland have decided to combine their talents and open a competitive Cheer and Dance
business. Demitri's expertise is the business side. He has a degree in Business Administration with a
minor in Entrepreneurship; while Roland has a degree in Sports Management and has been coaching
the local high school cheerleading team, while his wife has been coaching the school's dance team. The
problem is that Roland does not have as much capital to invest. In fact, they are having a little trouble
figuring out how they will be able to get the startup capital for the business. Some of their
friends/relatives might be willing to invest in the firm. There are no other competitive Cheer and Dance
companies in the area. They have found a building to lease at $4,000 per month and expect that
utilities and water will cost approximately $350 per month. Liability insurance has been estimated to
be $1,000 per month, due to possible injuries. Demitri, Roland and Roland's wife will do all the
coaching and will also do all the paper work