Andre Rison invested thirty thousand dollars in his friend for a smoothie shop. Once he did this he said that he never saw that money or friend ever again. He put his faith into someone else to invest his money without having a contract drawn out with that friend. He thought by investing with friends was a good idea, but some of the time their friends should not be trusted. He should have talked more with that friend about the business plan of the company. He should have asked questions to insure in the success of the shop. Their mistake is also not trying to finds that person once they scammed them. They think that they have plenty of money, but now they see that they are in need of that money.
Shannon, good job taking notes on the movie. This response is very thorough due to your detail-orientated notes.
ReplyDelete-Victoria Amato
Shannon, i agree. You are right that you should investigate the business plan more before you put it into action, it is a smart decision
ReplyDelete-Julia Nordhem
Sean Finn-Samuels--
ReplyDeleteI agree with you on this particular athlete's biggest financial mistake. Athletes have lots of "friends," and often it can be hard to discern between who wants their money and who's actually a friend. As a result, they can often wrongly place their trust. I like how this response accurately steps he could have taken in order avoid such a mistake. Overall, this is a very good response.