Essay Assignment
Ted Green and Mark Stroder became close friends as 16-year olds when both worked part time for Green's dad in his automotive pans store. After high school Green went to college, while Stroder joined the National Guard Reserve and devoted his weekends to auto racing. Green continued his association with the automotive parts store by buying and managing two of his father's stores.
In 2010 Green conceived the idea of starting a new business that Would rebuild automotive starters, and he asked Stroder to be his partner in the new venture. Originally, Stroder was somewhat concerned about working with Green because their personalities are so different. Green has been described as outgoing and enthusiastic, while Stroder is reserved and skeptical. However, Stroder is now out of work, and so he has agreed to the offer. They will set up a small shop behind one of Green's automotive parts stores. Stroder will do all the work; Green will supply the cash. The company will be called Startover Automotive Services, which seems appropriate given the nature of the business.
Question 1 How relevant are the individual personalities to the success of this entrepreneurial team? Do you think Green and Stroder have a chance to survive their "partnership" Why or why not?
Question 2 On balance, is it good or bad that the company will be started by two men who are very close friends? What are the potential benefits and drawbacks of mixing business and friendship in this case?
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.