Do You Think Bill Made The Right Decision?
1. A) Summarize in one paragraph what you learned from reading the Introduction.
Making smart choices is a fundamental life skill, relevant to everyone; regardless of age and class. This book offers the first straightforward, easy-to-follow process designed to improve the way we make business decisions, family decisions, personal decisions, and or and decisions that can help us reach our goals. The authors, have created a user-friendly set of techniques of assessing our options more clearly and effectively, ultimately empowering us to make smarter choices. Their step-by-step procedures combine solid research with practical experience and common sense to help us specify our objectives, identify creative alternatives, make reasoned trade-offs, …show more content…
And the more we use such approach, the more efficient and effective it become. As we grow more skilled and our confidence grows, making decisions will become second nature to us.
3. (A) Do you think Bill made the right decision?
Yes, I think Bill made the right decision for not selling his share of business to his business partner for a lower price, and launch a brand-new business of his own.
3. (B) Why or why not?
Because Bill didn’t have to set his price at $400,000 on his share of the business for his business partner, Stan. Bill could get the full $650,000 by finding a buyer other than his business partner. Or Stan could pay him $400,000 up-front and the other $250,000 remaining in payments. Bill planned to open his new business to the West Coast so he could have more opportunities to do more outdoor activities with his wife, Marie. However, he didn’t realize how much time and stress to establish and build a new company. Therefore, he will not going have the time to pursue the outdoor activities with his wife like how he wanted.
3. (C) What would your decision have been if you had been in his
Making smart choices is a fundamental life skill, relevant to everyone; regardless of age and class. This book offers the first straightforward, easy-to-follow process designed to improve the way we make business decisions, family decisions, personal decisions, and or and decisions that can help us reach our goals. The authors, have created a user-friendly set of techniques of assessing our options more clearly and effectively, ultimately empowering us to make smarter choices. Their step-by-step procedures combine solid research with practical experience and common sense to help us specify our objectives, identify creative alternatives, make reasoned trade-offs, …show more content…
And the more we use such approach, the more efficient and effective it become. As we grow more skilled and our confidence grows, making decisions will become second nature to us.
3. (A) Do you think Bill made the right decision?
Yes, I think Bill made the right decision for not selling his share of business to his business partner for a lower price, and launch a brand-new business of his own.
3. (B) Why or why not?
Because Bill didn’t have to set his price at $400,000 on his share of the business for his business partner, Stan. Bill could get the full $650,000 by finding a buyer other than his business partner. Or Stan could pay him $400,000 up-front and the other $250,000 remaining in payments. Bill planned to open his new business to the West Coast so he could have more opportunities to do more outdoor activities with his wife, Marie. However, he didn’t realize how much time and stress to establish and build a new company. Therefore, he will not going have the time to pursue the outdoor activities with his wife like how he wanted.
3. (C) What would your decision have been if you had been in his