Jason Salfi Essay
In which category (or categories) would you place Jason Salfi as an entrepreneur? Why? Give examples. Which of the traditional do you believe best describe Jason Salfi? Why?
In the video Jason Salfi started his journey by making and selling his skateboards to his friends and local patriots. At that time Jason Salfi showed obvious signs of a classic entrepreneur. With his growing family Salfi became a lifestyle entrepreneur to gain control over his life and with the passion for skateboards this was pure satisfaction to Jason. When making his skateboard Salfi realized that skateboards were accounting for approximately 40 percent of the natural maple being harvest each year. The products that were used to produce the boards where made with several layers of maple and sprayed with a lacquer based coat, Jason knew there had to be an alternate way to build a durable skateboard. (WILES) After discovering an environmental friendly way to produce his product he sought to make an company that would make an imprint on the use of natural resources. With that said Jason Safi then became a social entrepreneur: he recognizes a societal problem and used his previous business principle to develop innovative solutions. Social entrepreneurs are …show more content…
Being that Comet Skateboards is now established and reached the next level of growth for the company debt financing would a convenient method to obtain additional financing. Debt financing is when money is borrowed and it must be paid back. This could be through private investors loans from banks, finance companies, credit card companies, and family or friends are all sources of this method of financing. The Small Business Administration recommends finding alternative methods of funding other than personal credit cards because this source of funding is so expensive.
In the video Jason Salfi started his journey by making and selling his skateboards to his friends and local patriots. At that time Jason Salfi showed obvious signs of a classic entrepreneur. With his growing family Salfi became a lifestyle entrepreneur to gain control over his life and with the passion for skateboards this was pure satisfaction to Jason. When making his skateboard Salfi realized that skateboards were accounting for approximately 40 percent of the natural maple being harvest each year. The products that were used to produce the boards where made with several layers of maple and sprayed with a lacquer based coat, Jason knew there had to be an alternate way to build a durable skateboard. (WILES) After discovering an environmental friendly way to produce his product he sought to make an company that would make an imprint on the use of natural resources. With that said Jason Safi then became a social entrepreneur: he recognizes a societal problem and used his previous business principle to develop innovative solutions. Social entrepreneurs are …show more content…
Being that Comet Skateboards is now established and reached the next level of growth for the company debt financing would a convenient method to obtain additional financing. Debt financing is when money is borrowed and it must be paid back. This could be through private investors loans from banks, finance companies, credit card companies, and family or friends are all sources of this method of financing. The Small Business Administration recommends finding alternative methods of funding other than personal credit cards because this source of funding is so expensive.