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PROOFED.doc

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Department
Administration
Course Code
ADM1300
Professor
All

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1David Cheng 4895750Henry Brown 4886573Kyle Binns 4517473Denis Savvin 4828422Laura Sjolin 4922472Natalie Jamieson 4843664Date of Submission February 13 2008Course Code ADM 1300Professor Peter KoppelIn Partial fulfillment of the requirements of ADM 13002Executive SummaryTo Chris McCluskyFrom David Cheng Henry Brown Kyle Binns Denis Savvin Laura Sjolin Natalie JamiesonSubject Games UniverseProblem Games Universe is lacking the necessary capital to relocate and expand their businessAlternativesStatus QuoPersonal AssetsAngel InvestorsVenture CapitalistsRelativesFriendsFranchisingFree MoneyBankFacts ConsideredThey were looking for more involvement and influence over their incomeIn 2007 the store experienced a slowdown and their customer service was no longer enough of a draw to take customers away from lowerpriced competitorsThe couple found a retail space and it would allow them to expand their product offerings including offering higher priced video games along with their current productsThe space required significant leasehold improvements and they needed money to purchase new inventory this investment could be as large as 300000The couple needed to devote most of their savings to their young family RecommendationThe Dunn family should seek out angel investors to provide the necessary capital to fund the expansion of the Games UniverseIn addition to the financial support of angel investors Kim and Don should search for extra assistance through sponsorship programs or various business plan contests that award cash prizesTD bank is also willing to provide more funding in the form of a loanA combination of the three alternatives will provide an abundance of funds for Kim and Don to continue operating and expanding Games Universe
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